Bitcoin went mainstream as an investment in 2017 — hitting an all-time high of around $20,000 in December. Not surprisingly, numbers like these also drew the attention of tax authorities around the world, with many announcing plans go after digital currency investors. While the chance of being audited is typically quite low (for example in…
It’s a known fact that the cryptocurrency sector and the blockchain sector have their fair share of issues. In fact, just last week, a team of researchers in Germany discovered that child pornography was being stored in Bitcoin’s blockchain. It can’t get much more controversial than that, can it? That worst of it aside, the…
Pablo Escobar’s brother announces his own crypto and claims Bitcoin is the CIA’s creation. The world of cryptocurrencies never ceases to surprise and this week the most peculiar news comes thanks to Pablo Escobar Gaviria’s brother (the most famous and drug lord of all time.) Roberto Escobar Gaviria, founder of Escobar Inc. who not only…
Today, the province of Québec made the announcement regarding Hydro Québec that I have been waiting for this entire month. What Happened?It all started on March 4, when I reported that the Canadian province is unsure of whether Hydro-Québec can power all of the projects interested in cryptocurrency mining in the province. Similar to Iceland,…
Cryptocurrency gained mainstream adoption towards the latter half of last year. Many individuals decided to jump on board with the altcoins that would make them the most money, in the quickest amount of time. Most had zero to little investing experience, and when the market corrected the second week of January, all hell broke loose.…
As reported by Bloomberg, Binance is looking to open an office in Malta. Binance CEO, Changpeng Zhao, said that they were looking to start a “fiat-to-crypto exchange” in Malta. Reportedly, Binance is close to securing a deal with Malta banks. This will give the crypto exchange access to deposits and withdrawals. Zhao continued on to…
The crypto rumor mill is churning again. What’s the news this time? According to a tweet from New York Times journalist Nathaniel Popper, South Korean investors might be buying the crypto exchange Bitstamp. The supposed acquisition is said to amount to about $400 million. Along with all the other news about virtual currency exchanges, I’ve…
Crypto markets are reacting negatively to increasing regulatory pressure from key players. The price of bitcoin reversed some gains that it had generated early in the week; BTC price plunged below $8,500 level today after Japan has issued a warning to Binance – which is the largest cryptocurrency exchange based on trading volume of over…
Bitcoin price failed to maintain the $9,000 price level for the past two days, now trading at around $8,590 as of 12:30 PM EST. For the moment, BTC investors should not expect a major bullish run anytime soon as the market is still feeling the turbulent effects of possible regulatory concerns, as well as the…
Crypto has been a scattered headcase this past week. Here’s an overview of the ups and downs of EOS, ICON (ICX), and Cardano (ADA). EOS EOS is currently up 5.77% in the past 24 hours, selling at $7.03 at the time of writing. Source: CoinMarketCapEOS was also one of the few coins that were up…
