Bitcoin price (BTC) slid to a new low this month, after crashing below the $8K support level. The largest coin is trading at around $7,300 today and altcoins are also been dwindling at a fast pace. The broader market selloff has snatched $150 billion out of the cryptocurrency market in the last two weeks alone. Tom…
Bitcoin Price Manipulation – The U.S Department of Justice just launched an investigation into whether traders are manipulating the price of Bitcoin and other digital tokens, Bloomberg reported this morning. The investigation primarily focuses on illegal practices that can influence the price of these coins, such as “spoofing” – flooding the market with fake orders…
On the heels of its $110M Series E round last week, Circle are launching a new “Buy the Market” feature for Circle Invest. With the new feature, users will be able to decide how much they want to invest and Circle will distribute it across the seven coins supported on Circle Invest. The listed coins are:…
DASH, formerly known as Darkcoin, was launched by Evan Duffield in January 2014. The Darkcoin name was dropped due to an invariable association to unsavoury darkweb activity. DASH is currently the 12th largest crypto by market cap ($2.9B) and is currently trading at US$3.63. Along with Zcash and Monero, DASH is part of a small…
I have always been fascinated by Bitcoin news. As I became more and more interested in the opportunities cryptocurrency had in store, a massive increase in Bitcoin’s rate occurred. By the end of summer 2017, Bitcoin had reached the $5,000 target and I decided to become a trader. I needed to research the market extensively…
India’s Tax on Cryptocurrency: Bloomberg announced yesterday that India may soon impose an 18% GST on cryptocurrency transactions despite the country’s legal ambiguity. At present, the Intermediate Indirect Tax and Customs Committee are reviewing the proposal and submit it to the GST Council after completion. As mentioned above, digital assets can be categorized as “intangible goods” just like…
Verge Hack: Verge has been experiencing a series of difficulties that have further divided the user community between haters and hodlers. The security flaws have become more evident than ever. This problem along with an unorganized development team has led the crypto to a questionable position within the crypto sphere. Previously known as Dogecoin Dark,…
Bloomberg reported on May 22 that recognizing Bitcoin as a form of foreign currency may have an impact on the decision of the US Department of Defense (DoD) to recruit new employees. The Pentagon’s biggest concern is whether an investment in cryptocurrency indicates criminal intent or the tendency to increase dangerous personal behavior. This may…
Minneapolis Federal Reserve President Neel Kashkari has loudly discarded the cryptocurrency market’s potential to survive long-term, saying it has become a “farce” due to unregulated chaos and escalating fraud. Cryptocurrency market has been in the state of freefall over the last two weeks potentially die to experts bashing the markets. Bitcoin price (BTC) plunged below…
India Cryptocurrency Tax Proposal: India has proposed a crypto tax in the form of GST or the Goods and Services Tax. A proposal was created to implement an 18% GST on cryptocurrencies. India Cryptocurrency Tax Proposal Annonymous sources told Bloomberg that the India cryptocurrency tax proposal would consider cryptocurrencies as goods and, thus, taxable. Those…
