By CCN Markets: Since June 10, bitcoin has been on a strong upside movement supplemented with large volume across major crypto markets. On Friday, the bitcoin price hit $ 9,800 on leading exchanges in the likes of Coinbase, Binance, and Bitstamp, achieving a new 2019 high following a 162 percent year-to-date gain against the U.S. dollar. As the bitcoin price nears the so-called “FOMO” level at $ 10,000, which has been considered as a psychological level by many investors in the crypto market, investors anticipate the momentum of the asset to strengthen in the near term. How would bitcoin move after breaching
By CCN Markets: Elon Musk is bringing the FOMO, or Fear of Missing Out. The Tesla CEO tweeted out a reminder that federal tax credits for buying a Tesla will drop by half on July 1. He pointed out in another tweet that EV buyers in California will still have the Golden State’s $ 2,500 tax credit. US tax credit of $ 3750 drops in half for Tesla on July 1. Order online in a few mins at https://t.co/46TXqRrsdr. Return in 7 days for full refund. — Elon Musk (@elonmusk) June 14, 2019 The Tesla Tax Credit Halvening The current tax credit
In less than a month, Bitcoin will turn ten years old. Bitcoin, along with the cryptocurrency market has surpassed several milestones since Satoshi first released Bitcoin’s whitepaper to the public. There are now approximately 17 million bitcoins in circulation, as well as numerous other tokens available to trade and transact with – as of August 2018, more than 1600 cryptocurrencies are in circulation.
ICOs have also become an established fundraising method, with the first quarter of 2018 recording a historic high of $ 6.3 billion – around 118% of the total amount raised in 2017. The Crypto ATM market alone is expected to grow from $ 16.3 million in 2018 to $ 144.5 million by 2023, this lends credence to the idea that the way financial transactions are undertaken is bound to shift.
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There’s an issue, in Japan, with certain high income families being unable to save money. Here’s the story of a Japanese household of four, living in the Tokyo Bay area, in a high-end tower apartment, repaying multiple loans and having unnecessary spending. Every month the household was using up their entire revenue and they couldn’t pay the tuition for their daughters’ private school and high schools. That’s when bitcoin came into their lives.