FBI Suspects Insider Trading Over Long Blockchain The blockchain and crypto industry was undoubtedly weird in 2017. Back then, “entrepreneurs” and “investors” were trying anything to make a quick buck, even if it meant proverbially sacrificing their soul to the Bitcoin devil. One case saw the then Long Island Iced...
Facebook CEO Addresses Libra Despite concerns over public mistrust and general skepticism towards the project, Facebook’s new centralized cryptocurrency Libra is going full steam ahead. Facebook CEO Mark Zuckerberg made his dedication to Libra abundantly clear during a quarterly earnings conference call on July 24th. The social media guru assured...
Up 46% in Seven Months While most mainstream investors have and continue to avoid Bitcoin (BTC) like it’s the plague, a selective few have begun to embrace the cryptocurrency, realizing that this nascent asset class has the ability to offer outsized returns to those who decide to take the plunge...
Bancor, a Zug, Switzerland-based company focused on creating a protocol for converting and exchanging smart tokens, raised $153 million through an initial coin offering (ICO) in June 2017. The platform has also attracted a relatively large number of users to its decentralized token network in the past few years. However,...
$8,500 to Be the Bitcoin Bottom Mike Novogratz, the Wall Streeter turned diehard Bitcoin believer, recently graced the Bloomberg-affiliated Business News Network (BNN) in Canada to talk crypto. Despite a growing number of analysts calling for a strong correction, Novogratz isn’t all too fazed, surprisingly enough. In fact, the former...
ECB’s Policies Are Rocket Fuel for Bitcoin For the umpteenth time in a few years, central banks are cutting rates. And that’s good for Bitcoin. Citing a recent article outlining the European Central Bank’s (ECB), Anthony Pompliano, best known as Pomp in the crypto community, noted that the expected policies...
After facing a strong bout of selling pressure earlier today, Bitcoin’s bulls were able to garner some strength that has sent the entire crypto markets climbing slightly higher today. Importantly, analysts are now noting that this slight climb may have been sparked by BTC touching a critical technical support level...
Despite the air of public skepticism surrounding Facebook’s launch of Libra, an effect has nonetheless been felt throughout the crypto industry. In fact, the success surrounding the launch has prompted Huawei CEO Ren Zhengfei to publicly speak on the benefit of cryptocurrencies on July 25th. During an interview with Italian...
The U.S. Internal Revenue Service (IRS) has requested that taxpayers begin reporting any capital gains made on transactions involving cryptocurrencies. On July 26, 2019, the American tax collection agency revealed it has begun sending notices to cryptocurrency holders, requesting that they pay all taxes they might owe or file updated...
Bitcoin Ready to Fall Further? Well, folks, Bitcoin (BTC) has just plunged by around $500 in a matter of minutes for the seeming umpteenth time in a matter of weeks. As of the time of writing this, the cryptocurrency is trading at $9,500, as it has found itself down some...
Another Bitcoin Futures Exchange Joins The Fray At long last, Bakkt has begun testing its Bitcoin (BTC) futures contract. While this has been marketed as a seemingly mundane “user acceptance testing” phase, this launch has been met with much hurrah from every corner of the cryptocurrency community. It is unclear how exactly...
Chinese Banks Boosts Bitcoin Crypto and Bitcoin (BTC) are back in style — in China anyway. According to Samson Mow, the Chinese-Canadian chief strategy officer of Blockstream, the Bank of China posted an article about Bitcoin yesterday. According to Mow, the article was published through the news portal of the...
