Month: February 2018

Investor Robert Herjavec of Shark Tank fame is a big proponent of cryptocurrency, predicting that it will eventually replace cash. One thing you can say about the principals on Shark Tank, it’s that they are pretty bold in going after what they want. Investor and cybersecurity expert Robert Herjavec is also not shy on where he thinks cryptocurrency will go in the future. He recently told MONEY that we’ll see cryptocurrency eventually chase away the concept of fiat. Big on Blockchain One reason why Herjavec is bullish on cryptocurrency’s future…

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As the adage goes, there are two certainties in life: death and taxes. For any U.S. bitcoiners considering wriggling out of the latter, that task just got a little harder. The country’s Internal Revenue Service has revealed that it’s bolstering its armory to make it easier to track down crypto tax evaders. It’s now assembled a crack team of blockchain forensic experts to help claim its pound of flesh. Also read: Bitfury as Big Brother: Mining Company Tracks Bitcoiners The Taxman Tools Up U.S. citizens have known for some time that…

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The latest Google Trends data suggests that the downward trend in Bitcoin price may have found a bottom and could be reversing to the upside.  Google Trends: A Harbinger for Bitcoin Price? Bitcoin price hit its all time high in mid-December, touching $20,000 USD. Thus, it will come as no surprise that the amount of people searching for ‘Bitcoin’ on Google also peaked at the exact same time. Trends data is an anonymous, categorized, and unbiased sample of Google search data. It tracks trillions of searches per year ,  making it…

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You think Bitcoin miners are hurting these days? Ask PC gamers how they’re feeling! Buying in Bulk PC gaming enthusiasts looking to purchase top-tier GPUs to power their 4K and high frame-rate gaming experiences are quickly finding their dollars don’t quite stretch as far as they once did. GPU prices have skyrocketed well above their manufacturer’s suggested retail price — and it’s all thanks to cryptocurrency mining. Mining Bitcoin and other cryptocurrencies is an incredibly taxing process, with increasingly complex computations needed to successfully mine one single block of Bitcoin, the…

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While market purists have traditionally drawn a strong line between the young cryptocurrency market and the traditional stock market, analysts are now having a harder time denying the correlation between the two. Who’s Hurting Who? Some analysts have essentially been pointing their fingers at Bitcoin’s recent decline in price and gloating in what amounts to little more than “I told you so.” However, crypto non-believers have had to take a step back and reevaluate, following The Dow Jones industrial average’s record-setting plunge earlier this week. DOW dropped 1,175 points by…

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While New York Stock Exchange traders were grappling with a market in freefall, elsewhere in the city this week all eyes were on more important matters. New York Fashion Week officially starts today (February 8), and at a pre-show on Tuesday, the latest haute couture and avant-garde designs were on display. Seeking to tap into the zeitgeist, Ovadia & Sons’ catwalk show featured a model rocking a bitcoin-themed outfit. Also read: You Can Now Bid for Jamie Dimon Crypto Art Made From Old Credit Cards From the Blockchain to the Catwalk…

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