This morning, Bitcoin price edged slightly higher, continuing its upward momentum from yesterday and approaching the pivotal $7,500 mark. Currently, the coin is trading at about $7,350 as of 12 PM EDT. Part of the reason Bitcoin was up today is that Coincheck, a crypto exchange that suffered a high-profile hack back in January, was…
Crypto investors aren’t exempt from taxation: The U.S. tax authority has already provided a guideline for cryptocurrency taxation; they believe cryptocurrency transactions are taxable and these currencies should be treated as an intangible asset. When anyone buys crypto coins and sells them in a market, the investor is liable to pay capital gain tax if…
The first quarter of 2018 was marked with continued protocol layer innovations, with heavy declines in prices across the board. Emerging and recurrent themes included transaction fees, microtransactions, increased fiat on-ramps, and regulatory changes. The Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) in the U.S., as well as Japan’s Financial Services Agency (FSA), made sweeping announcements or changes…
Japan, home of the some of the world’s biggest cryptocurrency exchanges and a population of emphatic users, has recently been pouring cold water on what it sees as an overheated market. Last week it issued warnings to unregistered cryptocurrency companies, forcing the exchange Binance to relocate, and just this week the Bank of Japan (BOJ)…
Bitcoin Price Crash: Bears have been holding onto crypto markets over the last couple of weeks, with negative reports and increasing regulatory concerns. The selloff intensified in the previous two days when technical factors also started showing bearish trends for Bitcoin price and its future fundamentals. BTC price crashed at a double-digit rate to a…
Ripple (XRP), Cardano (ADA), and NEM (XEM): one of these coins has dropped the most since 2018 started. Which coin do you think it is? The crypto market has been all over the place since 2018 started. Some coins have risen. Some coins have plummeted. The industry itself has been put through the grindstone. Crypto…
![VeChain [VEN], Steem, & Binance Coin [BNB] Price Jump](http://mattx.co/wp-content/uploads/2018/04/2185/vechain-ven-steem-binance-coin-bnb-price-jump-777x380.png)
The total cryptocurrency market has been on the decline for the last 90 days. Source: CoinMarketCap Many new investors flooded the market towards the end of last year, due to “FOMO” and as some investors began selling to make a profit, panic selling became the common theme these last few months. March was no different and…
Five of the largest U.S healthcare organizations; United Healthcare(NYSE:UNH), Humana (NYSE:HUM), MultiPlan, Quest Diagnostics (NYSE:DGX), and Optum, have just announced that they will be taking steps towards blockchain technology. The five groups will all be participating in a pilot program using blockchain technology to improve data quality. A key component of this venture is to save…
Key Highlights: Ethereum price recovered from its weekly low of $375, now stabilizing at around $385 A major resistance point has been set at $395 Although ETH/USD is on a downward trend, a bullish reversal could still materialize Ethereum Recovers From Weekly Low On Monday morning, Ethereum recovered from its weekly low of 375, and…
On the afternoon of March 30th, traders at the OKEx exchange experienced a moment of distress as they witnessed an atypical situation regarding Bitcoin’s future market prices: While the price of bitcoin remained on a bearish trend around $7000 worldwide, traders saw their currency drop to lows below $4800. The situation was so extreme that,…
