By CCN Markets: The Italian government is reportedly trying to be lenient on some forms of hard-to-tax savings, such as that held in safe deposit boxes. Bitcoin could be a viable investment for these retail investors. The reality is that no government can track every dollar – unless they have something like a blockchain to help them. This reality is part of the reason people believe the dawn of cryptocurrency may come at the hands of certain governments, intent on having a traceable monetary supply. For now, governments mostly benefit from there being an unknown amount of counterfeit fiat currency
The Winklevoss twins reached a settlement with Charlie Shrem on April 16, 2019, declaring that their case against him has been dismissed with prejudice and will not be reopened.
The twins, who founded the Gemini cryptocurrency exchange, originally sued Shrem, the founder of early bitcoin company BitInstant, in November 2018, alleging that Shrem stole 5,000 bitcoin from the pair in 2012. They asserted that Shrem agreed to build a stockpile of cryptocurrency for them at their expense but then came up short by nearly $ 60,000 in bitcoin at the contemporary market rate, keeping this portion of the hoard secret until its worth grew to the tens of millions of dollars.
On March 23, the Twitter handle @Bitcoin became mired in controversy after BTC supporters complained about the account and attempted to get the profile shut down. The operator of the Bitcoin Twitter profile has also accused the social media platform of manipulating matters by placing restrictions on the account and limiting its overall traffic.
The Supreme Court of India made a decision on February 25, 2019, to present the government with an ultimatum: Develop crypto regulations within the next four weeks or the court will make its own judgement.
In addition to setting this deadline, the court has refused to hear further argument from parties in the ongoing legal battle, instead forwarding the issue to the Union of India, the legal term for the federal government of India, per local media sources.
Elastos (ELA), a blockchain powered smart-web platform, announced Monday that it has become the first project to reach the 1,000,000 node mark, fueled through a hardware collaboration with Shanghai Shijiu TV. Elastos has become the first Web 3.0 project to reach the milestone of one million distributed nodes. #Elastos $ ELA #SmartWeb Read our article here:https://t.co/GnYdazRTuV pic.twitter.com/cIn6ZzUwTu — […]
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It’s no secret the crypto industry is not particularly at its most profitable moment. However, despite the dire state in which the crypto market has found itself, there are certain people who believe things will turn around in a big way — a new all-time high, even. Among these is Mike Kayamori, CEO of Quinone,
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Throughout the past eleven months, the Bitcoin price has dropped from $ 19,500 to $ 3,000, by nearly 85 percent. The dominant cryptocurrency fell by 85 percent on average in its four past major corrections, so a similar drop from its all-time high was expected by many investors. But, according to Bitcoin and technology researcher Boris Hristov,
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According to Willy Woo, a prominent cryptocurrency analyst and researcher, Bitcoin is expected to bottom out in the second quarter of 2019. Throughout the past three months, since August, Bitcoin has remained in a tight range from $ 6,200 to $ 6,800, unable to break out of major resistance levels above the $ 6,800 mark apart from one
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Michael Novogratz, the CEO of cryptocurrency focused merchant bank Galaxy Digital LP (GLXY), is a frequent contributor of Bitcoin (BTC) price predictions. Most recently, he has asserted that Bitcoin will reach new highs in early 2019 after almost a year of bearish conditions. In a recent interview with Fn London, the former hedge fund manager further outlined his […]
Growth for cryptocurrency market will be realised at a compound annual growth rate of just over 6% as it reaches a valuation of $ 1.40 billion by the year 2024. Reports have submerged by different news outlets that suggest the crypto market could be driven by a stronger and more distributed ledger technology which improves the transparency of its systems, along with growing remittances in the always developing the world. However, the regulatory pressures are uncertain and so growth could be quite slow
Chart for BTC/USD (1W)
Bitcoin (BTC) correction seems to have drawn to a close. The price has bottomed out during the last few months, but it is not about to skyrocket from here. Those who started trading in late 2017 might be anticipating similar gains as in last November and December. However, that does not appear to be the case. This time, Bitcoin (BTC) has completed one whole cycle. If we study Bitcoin (BTC)’s trading history for the past eight years, we will see that there are three segments of a Bitcoin (BTC) cycle. The first segment is smart accumulation. The second segment is dumb accumulation and the third segment is distribution.
The tether price (USDT) is once again trading near $ 0.98 after failing to crack through the $ 1.00 threshold, prolonging the USD-pegged cryptocurrency’s departure from dollar parity. The USDT token had on Friday briefly surpassed a global average of $ 0.99, its highest mark since plunging below $ 1.00 on Oct. 15. Unable to sustain that recovery, the
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Beginning on Thursday, crypto markets experienced a massive sell-off which affected most coins and brought down total market capitalization of cryptocurrencies to $ 200 billion, down $ 25 billion in the space of a few hours in what was overall a bearish week for cryptocurrencies as a whole, but ethereum in particular. Behaviour of investors indicates that
During an interview with Ran Neuner on CNBC’s Crypto Trader, Coinbase alum and crypto investment firm 1Confirmation founder Nick Tomaino stated that the valuation of the crypto market can reach a trillion dollars off of speculation alone. He said: “I see investing and speculating as adoption. I think it is possible that crypto gets from … Continued
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Listen Here – https://soundcloud.com/cryptodaily/eos-vs-eth
Rivals in dApps, market cap and just about everything else, Ethereum and EOS, have recently seen a huge increase in the level of traffic on their respective dApp networks. With such huge levels of traffic now evident on the Ethereum and EOS networks, we should consider how this will pan out for the future of the pair. Many consider Ethereum and EOS to be direct rivals, however the future looks bright for the pair in union too. There is every chance that Ethereum and EOS, together, could totally change the way dApps are built and managed in the future.
Golem (GNT) is up 7% for the day while the rest of the market bleeds. Normally, this would not be a big deal but the chart above for GNT/USD on the weekly time frame shows us exactly why it is a big deal this time. RSI for GNT/USD peaked around January 2018 as shown on the chart. Since then, it has been on a steady decline trading in a falling wedge. After an extensive correction of nine months, RSI for GNT/USD has finally broken out of this falling wedge to the upside.
Venture capitalist and famous cryptocurrency supporter Tim Draper exposed his prognostic on the cryptocurrency market at the DealStreetAsia PE-VC Summit in Singapore last Wednesday, when he predicted that it will rebound to $ 80 trillion within 15 years.
The famous investor thinks that blockchain and cryptocurrencies are “going to have such a transformative effect on industries that we never even imagined would be transformable.”
Like many investors before him, Draper compares the potential of this industry to the internet boom back in the 1990s. The internet, in return, was compared to the telegraph, the railroad, and the automobile industries at its time. No one thought that industries as diverse as agriculture, for example, would embrace the internet.
The promoter of crypto John McAfee is still positive in the strength of globes top leading cryptocurrency, Bitcoin. He thinks that the coin deserves to be crowned as the number one virtual asset in the crypto space.
John McAfee is a member of the CoinsBank Blockchain Cruise and when speaking to AMBCrypto, he said that Bitcoin is the only leader in its ecosystem. However, he did argue with those who claim about the coins nature as a P2P digital cash protocol.
Litecoin (LTC) has officially revamped its website, Litecoin.com, as part of an effort to reach a broader audience of users, including individual investors, developers and businesses. Check out https://t.co/W2JEVKaGMe! https://t.co/Vvk11OkR5G — litecoin (@litecoin) September 5, 2018 According to the accompanying announcement, the Litecoin team has worked to simplify the website, which they aim to make the […]