With bitcoin continuing its surging uptrend, crypto bulls like Tom Lee and John McAfee say the altcoin season is bound to make a comeback before the end of the year. The Altcoin Season It’s a well known fact in the crypto market that altcoins typically have their bull market moment after bitcoin has finished its course. With BTC dominance breaking above 60% for the first time in 2 years, it certainly seems like the time is coming for altcoins to enjoy new highs. In a recent tweet, Tom Lee, co-founder…
Read MoreDay: June 26, 2019
Node40 Executive Explains What to Expect When the IRS Issues Its New Crypto Policy
Last May, the U.S. Internal Revenue Service (IRS) revealed it would be issuing new tax guidance and rules about the tax treatment of digital assets and forks. IRS Commissioner Charles Rettig told congressional leaders that the agency has made it a priority to issue crypto-related tax guidance. This week news.Bitcoin.com spoke with Sean Ryan, CTO of Node40, a platform that helps people calculate digital currency-based taxes. He believes that the issuance of new crypto tax guidance is “long overdue.” Also Read: Markets Update: Cryptocurrency Prices Continue to Accelerate What to…
Read MoreBitcoin Price Analysis: BTC Bulls Eye $13.3K As Next Target
The Bitcoin FOMO rally is truly underway, as the #1 cryptocurrency extends its meteoric rise by a further 9.4% today. With so much momentum picking up behind asset, where are bullish traders going to take it next? Bitcoin Daily Chart On the daily BTC/USD chart we can see that bitcoin price 00 is showing no signs of slowing down. Momentum on both the MACD and RSI indicators is continuing to skyrocket in typical bull market fashion, and buying volume is showing a marked increase as new investment piles in.Today’s bullish…
Read MoreGoogle Analytics Reveal Surprising Bitcoin Demographics
We already know that the average Bitcoin user is a millennial male, but by studying Google analytics, Coindance uncovered a few more Bitcoin demographics that you may not have been aware of. Bitcoin Demographics From Google Analytics According to Coindance stats collated from Google Analytics data, Bitcoin users actually share some fairly common interests and affinities. The long and the short of it? They have pretty dull lifestyles. It’s not too surprising that the most common interest among most bitcoin users was financial services and investing. That’s followed by software design…
Read MoreMarkets Update: Cryptocurrency Prices Continue to Accelerate
Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon. Also Read: How to Find a Bitcoin Cash Meetup Near You The Cryptoconomy Captures $368 Billion Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has reached a 17-month high and has gathered a market valuation…
Read MoreBitcoin Price Rise Fuelled by Experienced Crypto Traders
Bitcoin’s 2019 parabolic rise is coming from veteran cryptocurrency traders, not newbies, the latest data suggests. Newbies Absent From 2019 Bitcoin Boom Analysis of capital inflows into Bitcoin 00, courtesy of monitoring resource Coinlib, shows huge influxes from both altcoin markets and stablecoin Tether. Over the past 24 hours, it is in fact Tether supplying the majority of Bitcoin buy-ins, with $4.21 billion changing hands between the two cryptocurrencies. Second is Ethereum, which saw $1.62 billion within the same period. The US dollar, on the other hand, produced around $1.16…
Read MoreBitcoin Based Stock Trading Trending Hot: Abra
Around a month ago investment firm Abra launched its crypto trading app to the world. Since then the company has been collecting data and responses to its Bitcoin-based stock and ETF platform. Findings have been positive emphasizing a strong demand for convenient and affordable investing solutions. Abra Allows Bitcoin For Stock Trading The concept is simple but effective. Enable Bitcoin as a medium for stock and ETF trading for non-US customers. Since its launch in late May to over 150 countries, Abra has eased the process of stock trading and…
Read MoreHow to Cold Store Your Cryptocurrency for Safekeeping
If you’re new to the crypto scene you might have heard about people moving their assets into cold storage or cold wallets but were unsure exactly what this entails. Simply put, it means storing your crypto offline to reduce access to hackers. Here’s how you can easily freeze your coins for safekeeping. Also Read: How to Find a Bitcoin Cash Meetup Near You Simple Hardware Solutions To move your assets into cold storage using a hardware solution, the easiest way is just to keep the private key to your digital…
Read MorePR: New FATF Rules See VASP Industry Convene for V20 Summit
[Osaka, Japan, June 10 2019] As the Financial Action Task Force (FATF) prepares to roll out a new set of rules to increase reporting requirements on cryptocurrency transactions at the G20 Leaders’ Summit this month, a collective of international industry associations have led an initiative to convene Virtual Assets Service Providers (VASPs) for the first-ever V20 Summit, to be held as a concurrent event to the G20 on June 28-29 in Osaka, Japan. The summit will assemble VASPs, policy makers and crypto-asset industry participants to discuss the implications of the…
Read MoreLedgerx Approved to Offer Regulated Bitcoin Derivatives to Retail Investors
The U.S. Commodity Futures Trading Commission has approved Ledgerx to offer physically-settled bitcoin spot and derivatives trading, previously available only to institutional investors, to retail investors of any size. Ledgerx explained that its new platform will share the same order book as the current institutional offering so plenty of liquidity is expected from day one. Also read: Indian Cryptocurrency Regulation Is Ready, Official Confirms New License From CFTC The Commodity Futures Trading Commission (CFTC) announced Tuesday that it has approved the application of Ledgerx as a Designated Contract Market (DCM),…
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