Spacex and Tesla CEO Elon Musk, widely believed to be the man taking humanity to Mars and building a permanent settlement there, tweeted his approval of the idea that Mars’ economy will run on cryptocurrency.Elon Musk Envisions Mars’ Economy Run on CryptocurrencyElon Musk believes that Mars’ economy will be run on cryptocurrency. He said early this month […]
The news that the United States Securities and Exchange Commission had issued a lawsuit to XRP token parent company Ripple and its two top executives, sent shockwaves throughout the crypto industry. But its domino effect is only just starting, according to the analyst who ahead of time called the recent Coinbase “delisting” that sent XRP teetering […]
Bitcoin is struggling to make gains as an expected low-volume weekend could push price further down. Meanwhile, the increasing number of active Ethereum addresses this year is a testament to the network’s growth.Bitcoin (BTC) trading around $18,019 as of 21:00 UTC (4 p.m. ET). Slipping 2% over the previous 24 hours.Bitcoin’s 24-hour range: $17,593-$18,404 (CoinDesk […]
It is frustrating. But at the same time interesting. Over the past couple of weeks, I’ve heard two well-respected investment managers say they don’t believe in Bitcoin’s supply limit. If it’s easy to spin up another Bitcoin, they claim, then there is really no limit. Most of you reading this will be rolling your eyes at […]
In the run-up to the 2017 market peak, stories abounded of traders who bought bitcoin in the spot market just a few months before only to cash out to the tune of hundreds of thousands, if not millions, of dollars. The days of tripling or quadrupling your money in just a week or two just by […]
Altcoin or alternative coin is a generic term used to describe all forms of cryptocurrency that came after Bitcoin. In the cryptocurrency world, Bitcoin enjoyed a monopoly for about two years before the first altcoin was introduced. Bitcoin being the first and most popular cryptocurrency is now out of the reach of many investors because […]
Bitcoin crashed 14% to $16,227 on Nov 26, 2020, after it reached within $7 of its all-time record high of $19,511, set in December 2017, per Bloomberg data. Apart from profit taking, Thursday’s crash reflected growing concern over increasing regulations, globally. However, bitcoin prices have recovered slightly today. Markedly, bitcoin and other cryptocurrencies like ethereum, […]
Bitcoin (BTC) has topped $19,000 in a fresh bullish surge, but traders are all about altcoins on Nov. 24. In what many are heralding as the beginning of “alt season,” large-cap cryptocurrencies are seeing their biggest gains in three years. XRP, XLM Lead New “Alt Season” Cointelegraph takes a look at five of the biggest […]
Cryptocurrency traders are receiving inaccurate letters from the Internal Revenue Service that mistakenly say they owe thousands of dollars in taxes due to discrepancies with tax forms, reports show. CryptoTrader.tax, a cryptocurrency tax software and calculator, said in a blog post that it has been contacted by “dozens of individuals” who have received these inaccurate CP2000 letters, or letters that inform taxpayers when their income information from […]
Bitcoin has been on a tear throughout the past few weeks, with its price posting 2017-style gains as buyers take charge After reaching highs of $19,000, the cryptocurrency’s momentum began stalling and it entered yet another consolidation phase These bouts of sideways trading have been seen on multiple occasions throughout the recent uptrend. They are […]
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