Novogratz predicts young people will buy Bitcoin with their stimulus checks
Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks, and thinks they’re likely to again. Go to Source Powered by WPeMatico
Month: January 2021
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. Go to Source Powered by WPeMatico
JPMorgan Predicts $146K Bitcoin Price as Competition With Gold Escalates
JPMorgan’s analysts have made a case that bitcoin’s price could reach $146,000 as the cryptocurrency’s competition with gold heats up. Meanwhile, the firm’s global strategist sees the current bitcoin bull run as being similar to the bull run of 2017. He warns of three risks that could affect bitcoin’s outlook for 2021. JPMorgan Sets Bitcoin’s … Read more
Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K
An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that has over 56,000 viewers. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
UK crypto community reacts as FCA derivatives ban goes into effect
The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. Go to Source Powered by WPeMatico
IRS Updates Tax Requirements for Cryptocurrency Owners
The U.S. Internal Revenue Service (IRS) has updated its instructions for disclosing crypto activities. The update provides clarification on who must answer “yes” to the IRS’ crypto question and when it is appropriate to select “no” as the answer. IRS Publishes New Crypto Tax Filing Instructions The IRS published updated instructions for Form 1040 on … Read more
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. Go to Source Powered by WPeMatico
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. Go to Source Powered by WPeMatico
Bitcoin price now within 10% of $40,000 after ranging flips to new highs
A “healthy correction” is increasingly likely, says analyst Michaël van de Poppe as sellers dig in below the $40,000 mark. Go to Source Powered by WPeMatico
