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Facebook’s Libra digital currency is not going anywhere any time soon. Even though most people are aware of this, the UpLibra scam is trying to make the rounds once again. No one can obtain Facebook’s Libra at this time. There is no Libra Currency Given the current regulatory pressure, it seems unlikely that anyone will, … Read more
A number of XRP traders are complaining about massive liquidations on Bitmex as the price of XRP spiked and was brought down by 56% in a single candle. After the incident, well known traders with leveraged positions took to Twitter to complain about the upset as some investors were completely liquidated. Also read: Fed Chair … Read more
U.S. Treasury Secretary Steven Mnuchin gave his testimony on cryptocurrency before the Senate Finance Committee on Wednesday. Mnuchin said crypto is a “crucial area” that the Treasury has spent a lot of time on. He also talked about stablecoins and announced that new crypto regulations focusing on transparency will be rolled out soon. Also read: … Read more
Coinbase has launched margin trading for users of its cryptocurrency trading platform, Coinbase Pro. Both individual and institutional investors in selected regions now have access to Coinbase margin trading. The company plans to expand access to more regions and provide more types of collateral assets. Also read: Bitcoin, Tesla Stock, Tron: How Warren Buffett Got … Read more
Many people consider the Ripple network to be completely centralized. That is not the case, as dozens of XRP validators are available at any given moment. Decentralizing a network on the scale of Ripple is no easy feat. Expanding the XRP Ecosystem However, some may argue that this network has less centralization compared to others. … Read more
A growing number of platforms allow Russian residents to purchase cryptocurrencies with local fiat money. Established cryptocurrency exchanges are not the most trouble-free option, however, as they often require extensive registration and rarely support popular payment methods in the region, unlike small online exchangers and peer-to-peer platforms. Also read: Russia’s New Prime Minister Has an … Read more
US authorities continue to crack down on any crypto scheme that seems illegitimate. Trading Club is now on the radar of the SEC and CFTC. There is a lot of interest in trading cryptocurrencies these days. Trading Club Wasn’t Helping Investors Most people would love to join a trading group for signals and potential profits. … Read more
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.S. Admitting that Facebook’s Libra project was a wake-up … Read more
Filing taxes related to cryptocurrencies in the US can be a very painstaking endeavor. It now appears that the IRS crypto tax audit letter being sent out to users is a lot more invasive than initially assumed. It is no secret that the IRS wants to target cryptocurrency holders. The IRS Goes All-in on Cryptocurrency … Read more
Last week’s news.Bitcoin.com post warning about common bitcoin scams like “The Bitcoin Code” elicited a plethora of comments and suggestions from readers, asking about and reporting other platforms and services claiming to provide bitcoin investment opportunities. This article examines some of these, and most importantly seeks to provide readers with basic tips for recognizing the … Read more
