Ok, maybe we should have seen yesterday’s bitcoin price crash coming. Let me rephrase that: I should have seen yesterday’s bitcoin price crash coming. Here’s why: I watched some idiot buy ethereum at $ 5,000 in real-time. So I don’t know why I was so surprised when, just a few hours later, the bitcoin price began […]
On January 15, Ethereum’s developers put out a security alert that they were postponing the scheduled Constantinople upgrade. Not everyone made the appropriate changes, however, and there is a currently a parallel universe of Ethereum mining. A “chain split” has occurred, and some miners are mining the unofficial Constantinople chain without consensus from the majority
The post Ethereum Postponed its Hard Fork, But Some Miners Didn’t Listen appeared first on CCN
Over the last year, cryptocurrencies have lost a lot of value yet bitcoin miners continue to process transactions and earn block rewards. A bunch of new mining rigs were announced in 2018 that packed some serious hashrate. As the new year begins, some of the top devices that process between 28-76 trillion hashes per second (TH/s) can be now be purchased from ASIC manufacturers and third party vendors.
Charlie Lee, the founder of Litecoin (LTC), made waves on Twitter after he published a Sunday post proclaiming that some Bitcoin (BTC) maximalists are more aptly described as extremists, given their views on the altcoin market. In the tweet, which included a poll to let his following vote on how they view themselves, Lee claims […]
For investors whose first time investing in bitcoin was in 2018 or after late 2017, there is a high likelihood that they have incurred substantial losses for the fiscal year of 2018 if they haven’t sold yet. On December 17, 2017, bitcoin hit an all-time high at over $ 19,000. Thereafter, it has fallen over 80 percent and now hovers at around $ 4,000 at the time of writing. While losing money is never the end goal, there are certain measures investors can take in order to minimize their taxable income by utilizing their capital losses incurred from bitcoin during the current year and going forward.
Cryptocurrency trading is a popular pursuit, as the fluctuation of digital assets provides plenty of profit-taking opportunities. The volatility gives expert traders enough room to pull in daily profits by carefully predicting price movements. Digital currency fans follow a slew of sophisticated traders online because they frequently publish technical analysis (TA) or short-term outlooks for the crypto markets.
Are you planning to do some shopping on Amazon this holiday season? If so, you can also support BitGive, the first registered 501(c)(3) nonprofit charity that uses the power of bitcoin to support some great philanthropic projects around the world.
This year, BitGive is celebrating its fifth anniversary of charitable work in the Bitcoin space. And while shoppers can support its philanthropic efforts year round through the AmazonSmile program, now is the time of year when you might be spending a bit more time (and money) on the Amazon website.
Tales of woe are easy to come by in the current market, in which most altcoins are faring multiples worse than bitcoin. Investors that have avoided the following projects, however, can draw some solace.
This Year’s Underperforming Coins
Have Fared Worse Than You Think
It’s easy to find underperforming altcoins from the past 10 months of largely bearish market action. Echelons easier, in fact, than finding the handful that have weathered the storm and have appreciated in value or, at the very least, have outperformed bitcoin. Taking a magnifying glass to 2018’s altcoin dunces makes for a productive exercise; not to revel in the misfortune of others, but for educational purposes.
This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below. Ask any layperson their views on cryptocurrencies and you’ll likely hear that they’re mainly used for illicit activities and tax evasion. While this is obviously far from the … Continued
The post Confronting the Elephant in the Room: Crypto Taxes and How Some Platforms Are Addressing Them appeared first on CCN
Today, Fundstrat’s Tom Lee has reaffirmed his $ 30,000 Bitcoin price target by December. But, other permabulls are not as optimistic as Lee about the short-term trend of Bitcoin. In May, BitMEX CEO Arthur Hayes stated that he would like to see the BTC price fall to the $ 5,000 region before recovering and initiating a 2017-esqe
The post Why Some Bulls Expect Bitcoin to Fall Below $ 5,000 Prior to Big Rally appeared first on CCN
At press time, bitcoin has fallen back a bit and is now trading for just over $ 6,300. This is about $ 200 less than where it stood yesterday.
Some strange occurrences are happening in the bitcoin space. For example, one source notices that there’s a strong correlation between bitcoin and Overstock. Rather, Overstock’s stock (mini tongue twisters ahead). Both allegedly seem to be following the same patterns, and the story has been the same for the past four years.
Mining Bitcoin is a process that is loud, hot, expensive and also very noisy. As a result, mining efforts on a large scale tend to be focused out of town, in rural settings in factories that have an exclusive energy supply, in areas that are naturally very cold. This is the perfect setting for a mining farm, even so though, it seems that mining in remote locations isn’t enough for some people.
According to reports out today, one farm in Norway has been the victim of bomb threats from one very disgruntled local, as a result of the noise generated by the hardware in use at the farm.
In today’s edition of Bitcoin in Brief, we cover two decentralized exchanges – an Irish team that’s launching its Local Token Exchange and the already operating Bancor that has reported a security breach and admitted the loss of $ 12.5 million worth of coins. Also, hackers in China have mined cryptos worth $ 2 million using malware installed on 1 million computers, and in the US, digital forensics firm Chainalysis claims a fifth of all bitcoin is missing.
As the week comes to a close, let us reflect on and digest all the news — most of which was negative, that happened in the cryptocurrency arena affecting Bitcoin price.
Oh Look, Another Exchange Hack
Tuesday evening, popular South Korean cryptocurrency exchange Bithumb reported a system breach that resulted in approximately $ 31 million worth of cryptocurrencies being stolen. Coincidentally, in the days following the hack, there was a large marketwide dip — Bitcoin and Ethereum dropped 11 and 15 percent, respectively.
“When Blockchain Revolution came out, bitcoin was worth around $ 7 billion. Today, it’s more than twenty-two times that. Bitcoin is the workhorse of the cryptocurrency world and the cryptocurrency that launched a thousand ships.”
So reads part of the preface in the newly-released second edition of Blockchain Revolution by the father-and-son team of Don Tapscott, founder and executive chair of the Blockchain Research Institute (BRI), and Alex Tapscott, founder and CEO of NextBlock Global, a digital asset company.
Financial regulators in Japan are set to dole out punishments to multiple cryptocurrency exchanges this week, in addition to shutting some down entirely.
Cracking the Whip
In 2017, Japan became the first country in the world to nationally regulate cryptocurrency exchanges, resulting in a total of 16 legally registered exchanges and 16 more legally allowed to operate while their applications are considered. Now, some of those exchanges are supposedly being ordered to close their doors, while others must make significant improvements.
An official from China’s Securities Regulatory Commission said complete decentralization is not the best way to reap blockchain’s benefits.
While TD Bank has revised its policies and stopped allowing customers to purchase cryptocurrencies using its credit cards, some major banks in Canada still allow crypto credit card transactions, the banks reportedly confirmed on Friday.
TD Bank Halts Crypto Credit Card Purchases
Canada’s largest bank by assets as of April of last year, Toronto-Dominion Bank (TD Bank), said on Friday that it is “halting the use of its credit cards to buy cryptocurrency as it conducts a review of the ‘evolving market’,” Financial Post reported. The bank explained in an emailed statement:
A new initiative from oBike allows users to earn their customized cryptocurrency simply by riding their bicycles.
As we begin a brand-new year, we also start thinking about resolutions. #newyearnewme, right? One of the most common goals is to get fit, whether it be hitting the gym or hitting the sidewalk for a jog.
However, based on its stellar performance last year, many people might be resolving to get in on that crypto action by investing in Bitcoin or another digital currency. Singapore-based bike-sharing platform, oBike, hopes to combine the health benefits of fitness with the financial edge of digital currencies.
Dash makes a new all time high around 0. EOS recovers a bit today and releases a new server for it”s token app to help with demand and in the chart reading section LiteCoin continues to test and so far is holding.
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