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One of the most bullish charts for predicting the price of bitcoin is the infamous stock-to-flow (S2F) model. The S2F analysis shows the price of BTC could reach $55,000 in the near future. One advocate of the S2F model, the Twitter account known as ‘Plan B,’ wrote a report about the subject and the article […]
The post Blind Faith in S2F Models: Analysts Question Measuring Bitcoin’s Price With Stock-to-Flow appeared first on Bitcoin News.
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According to local media, a Swedish cryptocurrency trader is anticipating receiving a tax bill of approximately $1 million after conducting approximately $2.9 million worth of trades across tens of thousands of transactions made since 2014. The trader claims that the tax bill will equate to 300 percent of the profits he has earned rather than […]
The post Swedish Trader Expects to Pay 300% of Crypto Profits to Tax Agency appeared first on Bitcoin News.
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The results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency […]
The post US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year appeared first on Bitcoin News.
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A trader has posted on Twitter alleging that an actor is taking advantage of Bithumb’s 120% fee payback to milk the platform of approximately $150,000 USD each day through washtrading. Also Read: Uzbekistan Legalizes Crypto Exchanges and Trading Twitter Trader Claims Bithumb’s Promotional Fee Schedule is Getting Exploited The Twitter account of Alex Kruger, a cryptocurrency […]
The post Trader Alleges Bithumb is Losing $150,000 USD Daily to Washtrading appeared first on Bitcoin News.
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An Abu Dhabi-based cryptocurrency investor has shared his story of having taken out a six-figure loan to finance virtual currency investments only to watch his portfolio lose 85 percent of its value. The investor has shared his story in the hope that it can serve as a lesson to others. Also Read:High-Profile Thai Crypto Case: […]
The post Trader Gets Six-Figure Loan to Buy Crypto, Holdings Drop by 85% appeared first on Bitcoin News.
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Japanese cryptocurrency exchanges may soon set a strict limit on the leverage they offer for margin trading in order to better protect investors. The association comprised of 16 government-approved crypto exchanges is reportedly imposing a leverage limit as part of its self-regulatory rules. There will be a grace period and exceptions. Also read: Yahoo! Japan Confirms […]
The post Japanese Crypto Exchanges Working on Lowering Margin Trading Limits appeared first on Bitcoin News.
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A Southern Californian Localbitcoins trader has been sentenced to prison for a year for unlicensed money transmitting and money laundering. The trader, Bitcoin Maven, reportedly exchanged between $6 and $9.5 million for customers across the country, according to the notice by the U.S. Department of Justice. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space […]
The post Localbitcoins Trader Sentenced to One Year in Prison appeared first on Bitcoin News.
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The Finnish government has revealed the number of taxpayers who owe taxes from bitcoin-related income. The country’s Tax Administration claims to have “different ways to combine information and identify people” who owe taxes from crypto profits, which are now “well over ten times higher than last year.” Also read: Russian Regulators Draft Law to Restrict Crypto […]
The post Finland Has Identified Thousands of Bitcoin Traders Who Owe Taxes appeared first on Bitcoin News.
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One of the most notable projects in the Internet trading sector with a daily turnover of USD 5 trillion – Serenity – kicks off its main ICO round.
Speaking about this notable event based on a revolutionary idea, big team, the event which is supported by many brokerage companies and financial industry experts, we should first understand how the forex market works.
A market with a daily turnover of trillions of dollars.
The post PR: Broker Platform Serenity – Why Do We Need Another Mediator Between the Market and the Trader? appeared first on Bitcoin News.
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So you’ve created a Coinbase account, bought your first fraction of a bitcoin and followed up with half a litecoin. You’re now ready to become a cryptocurrency trader. You fire the lot over to an exchange where the first coin you purchase shoots up by 10% before you sell, smug in the knowledge that you’ve […]
The post Seven Deadly Trading Mistakes Every Rookie Makes appeared first on Bitcoin News.
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