Another major milestone is toppled as Bitcoin price surpasses $40,000 in just the first week of 2021. Bitcoin (BTC) hit $40,000 on Jan. 7 in the latest psychologically significant milestone for cryptocurrency bulls. BTC price crushes the $30,000 corridor in…
Kategorie: Crypto Flash News
Social networks and the digital economy: A preview of IMVU’s VCOIN
After getting some boundaries in which to operate from the SEC, IMVU’s new blockchain-based token will be a major test case for crypto. When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN,…
3 reasons analysts say Ethereum may replicate Bitcoin’s 2016 bull run
Will Ether be able to replicate the 2016 Bitcoin bull run with DeFi’s momentum? Several analysts believe so. Several prominent analysts say Ether (ETH) is on the cusp of a major bull run despite already gaining nearly 65% in 2021.…
Warp speed to $2,000? Watch these levels as Ethereum nears all-time high
Ethereum is accelerating toward its highest valuation ever. Bitcoin (BTC) is currently approaching $40,000 after seeing massive gains in the first seven days of 2021. This is a 100% move up from the previous all-time high in December 2017. In…
South Korea to introduce a 20% tax on crypto trading profits in 2023
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting…
XRP price soars 55% to ‘crucial’ level as Bitcoin notches new high at $38.5K
A sudden reversal of fortunes takes XRP 55% higher in 24 hours despite legal problems at Ripple persisting. Bitcoin (BTC) continued its habit on Jan. 7 of hitting all-time highs almost every day as bulls took the largest cryptocurrency above…
US crypto firms invest in tax solutions as IRS updates reporting forms
Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit. United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal…
Bitcoin NVT ratio suggests BTC may see another ‘explosive move’ as search interest spikes
The popular metric suggests the Bitcoin bull run is beginning, not ending, according to a report from Stack Funds. Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming.…
After Know Your Customer debacle, BitMEX reports 100% of users are verified
Controversial crypto derivatives trading platform BitMEX says its entire user base has completed the obligatory Know Your Customer process. BitMEX has announced the completion of its user verification program, becoming one of the largest crypto trading platforms with a fully…
Report: Major gaming conglomerate Nixon prepares to acquire Bithumb
South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country’s largest cryptocurrency exchange. After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a…