The U.S. Internal Revenue Service (IRS) has issued long-awaited guidance on the tax treatment of cryptocurrencies. It is generally described by the crypto community as a mixed bag since some parts are useful while others have raised many more questions, particularly how cryptocurrencies from hard forks and airdrops are taxed. Also read: 10 Tax Tools […]
The post IRS Issues New Crypto Tax Guidance After 5 Years – Experts Weigh In appeared first on Bitcoin News.
https://news.bitcoin.com/irs-issues-new-crypto-tax-guidance-after-5-years-experts-weigh-in/
The Bitcoin network hashrate has dropped significantly over the last four days sliding from a high of 161 exahash per second (EH/s) to 90 EH/s on October 27. Today, the Bitcoin hashrate has improved a hair as the network’s security is currently hovering around 100 EH/s. However, the mempool log of unconfirmed transactions has spiked […]
The post Mempool Clog: Bitcoin Hashrate Drops 40%, Backlog Shows Over 100K Unconfirmed Transactions appeared first on Bitcoin News.
https://news.bitcoin.com/mempool-clog-bitcoin-hashrate-drops-40-backlog-shows-over-100k-unconfirmed-transactions/
A recent survey study reveals that more than half of U.S. investors (55%) have an interest in investing in bitcoin, a figure which is 19 percentage points higher than that of last year. This translates to a potential U.S. market of nearly 32 million bitcoin investor households. According to the study’s findings, this increase reflects […]
The post Report: 55% of US Investors Show Interest in Bitcoin Investment, Covid-19 Catalyst to Changing Preferences appeared first on Bitcoin News.
https://news.bitcoin.com/report-55-of-us-investors-interest-in-bitcoin-investment-covid-19-catalyst/
Ahead of the 12th anniversary of the Bitcoin white paper, a large group of celebrities published cameo videos saying “happy birthday” to the world’s first cryptocurrency. A number of popular stars appear in the videos including Charlie Sheen, David Hasselhoff, Carole Baskin, Gilbert Gottfried, and more. On Halloween, this Saturday, October 31, a great number […]
The post ‘David Hasselhoff Invented Bitcoin’ – 9 Celebrities Wish Bitcoin a Happy Birthday appeared first on Bitcoin News.
https://news.bitcoin.com/david-hasselhoff-invented-bitcoin-9-celebrities-wish-bitcoin-a-happy-birthday/
Libertyx has added a cash-out option to its 5,000 bitcoin ATMs. The CEO says this addition triples the number of bitcoin ATMs that allow users to cash out their bitcoin. He shares his business model with news.Bitcoin.com, providing insight into the bitcoin ATM usage trends he is seeing. 5,000 Bitcoin ATMs Now With Cash-Out Option […]
The post 5,000 Bitcoin ATMs Add Cash-Out Option: Libertyx Sees Strong Adoption appeared first on Bitcoin News.
https://news.bitcoin.com/5000-bitcoin-atms-cash-out-libertyx/
JPMorgan Chase has revealed that its own JPM Coin is now being used commercially by a large tech company. The company has set up a dedicated crypto business unit with a focus on cross-border payments. This news follows a group of JPMorgan analysts praising bitcoin as an alternative investment to gold. JPMorgan’s Crypto Now Used […]
The post After Praising Bitcoin, JPMorgan Pushes JPM Coin, Sets Up Dedicated Crypto Unit appeared first on Bitcoin News.
https://news.bitcoin.com/jpmorgan-bitcoin-jpm-coin-crypto/
President Donald Trump’s campaign website was reportedly hacked Tuesday evening. Hackers claim to have “classified information” about Trump and the origin of the coronavirus. They asked crypto users to decide whether the information should be released or kept secret. Tim Murtaugh, Director of Communications for Trump’s 2020 reelection campaign, confirmed in a tweet: Earlier this […]
The post Trump’s Website Hacked, Scam Asked Crypto Owners to Decide Fate of ‘Classified Information’ appeared first on Bitcoin News.
https://news.bitcoin.com/trump-hacked-scam-crypto-classified-information/
This month, a new cryptocurrency project called the Axion Network will achieve a major milestone – it will see its mainnet launch and go public. The reason that’s so significant is that Axion represents a new breed of cryptocurrency. It’s not a utility token or an attempt at replacing fiat currencies. It’s an investment vehicle […]
The post Axion’s Launch is Going to Make Crypto-Believers out of Mainstream Investors appeared first on Bitcoin News.
https://news.bitcoin.com/axions-launch-is-going-to-make-crypto-believers-out-of-mainstream-investors/
An Indian bank is preparing to start providing crypto banking services at its physical bank branches. Customers can buy bitcoin and several other cryptocurrencies at these branches with Indian rupees, open savings accounts with crypto wallets, make loans against their cryptocurrencies, and more. Crypto Banking at Physical Bank Branches in India Cryptocurrency users in India […]
The post 22 Indian Bank Branches to Begin Offering Crypto Banking Services appeared first on Bitcoin News.
https://news.bitcoin.com/indian-bank-crypto-banking-services-buy-bitcoin/
The International Monetary Fund (IMF) says its release of $16 billion towards sub-Sahara Africa will help to cover the needs of countries badly hit by the global pandemic, Covid-19. The financial institution says despite its swift action, the region still faces a financing gap of $290 billion between now and the year 2023. Sub-Sahara Africa’s […]
The post Covid-19 Hit Sub-Sahara Africa Gets $16 Billion From IMF, Region Still Faces $290B Financing Gap appeared first on Bitcoin News.
https://news.bitcoin.com/covid-19-hit-sub-sahara-africa-gets-16-billion-from-imf-region-still-faces-290b-financing-gap/
Even though cryptocurrency traders have been exuberant over the price rise, a number of analysts are focused on the large bitcoin and ethereum options expiries set to end before Halloween. Data from Skew.com shows $750 million in Bitcoin options is set to expire and prices could get volatile. The price of bitcoin (BTC) touched an […]
The post The $750 Million Pre-Halloween Bitcoin Options Expiry Has Started to Spook Traders appeared first on Bitcoin News.
https://news.bitcoin.com/the-750-million-pre-halloween-bitcoin-options-expiry-has-started-to-spook-traders/
Nasdaq-listed Marathon Patent Group is buying 10,000 of the more efficient Antminer S19 Pro bitcoin miners from Bitmain in a deal worth millions of dollars. ▪ Marathon said the deal would boost the company’s operations to 23,560 next-generation miners, “making it the largest self-miner in North America”. ▪ When fully installed, the new machines will […]
The post Marathon Buys Additional 10,000 Antminers to Become Largest US Bitcoin Miner appeared first on Bitcoin News.
https://news.bitcoin.com/marathon-buys-additional-10000-antminers-to-become-largest-us-bitcoin-miner/
Less than two weeks ago, the International Monetary Fund (IMF) managing director called for a “new Bretton Woods moment.” Meanwhile, the IMF is not the only entity pushing for a “great reset,” as the World Economic Forum (WEF) and other mainstream entities have been promoting the financial reboot propaganda. The Status Quo Preps for the […]
The post A Look at the Fascist Agenda Behind the ‘Great Reset’ and the WEF’s Reboot Propaganda appeared first on Bitcoin News.
https://news.bitcoin.com/a-look-at-the-fascist-agenda-behind-the-great-reset-and-the-wefs-reboot-propaganda/
While bitcoin prices touched all-time 2020 highs on Tuesday, a few analysts say they are expecting only a few more hurdles to surpass the 2017 all-time high (ATH). For instance, the market analyst from Etoro, David Derhy, says to look to $20,000 instead of back at $12,000. A few traders and popular cryptocurrency analysts think […]
The post If Bitcoin Passes $14K, Analysts Say Traders ‘Should Look to $20,000’ Instead of Looking Back appeared first on Bitcoin News.
https://news.bitcoin.com/if-bitcoin-passes-14k-analysts-say-traders-should-look-to-20000-instead-of-looking-back/
The Singaporean multinational banking and financial services corporation DBS published an announcement revealing it was launching a cryptocurrency exchange. The announcement was later removed by the company but crypto proponents have learned about the upcoming support for assets like bitcoin, ethereum, and bitcoin cash. DBS Bank Ltd is Southeast Asia’s largest bank in terms of […]
The post Southeast Asia’s Largest Bank DBS Plans to Launch a Cryptocurrency Exchange appeared first on Bitcoin News.
https://news.bitcoin.com/southeast-asias-largest-bank-dbs-plans-to-launch-a-cryptocurrency-exchange/
A South African regulator along with the country’s police have reportedly seized electronics devices and computers belonging to two principal members of Mirror Trading International (MTI), an alleged bitcoin Ponzi scheme. The raid at Clynton and Cheri Marks’ home on October 26 was conducted by Financial Sector Conduct Authority (FSCA) officials who are looking for […]
The post South African Regulator Raids Home of Key Members of an Alleged Crypto Ponzi Scheme appeared first on Bitcoin News.
https://news.bitcoin.com/south-african-regulator-raids-home-of-key-members-of-an-alleged-crypto-ponzi-scheme/
Onchain analytics from the research and analysis firm Glassnode shows that the number of bitcoin whales (addresses with at least 1,000 bitcoins) has surpassed 1,900 clusters. The number of network participants in terms of 1,000 coin whales hasn’t been this high since 2016. Seven-day trailing statistics for the number of whales (addresses with balance ≥ […]
The post Onchain Data Shows Rising Bitcoin Whale Index Surpassing 4-Year High appeared first on Bitcoin News.
https://news.bitcoin.com/onchain-data-shows-rising-bitcoin-whale-index-surpassing-4-year-high/
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The post Celebrate this Halloween with Spookalicious Casino Games and Get Rewarded appeared first on Bitcoin News.
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Six years ago, a number of theories spread across the internet that claimed the famed American economist and mathematician John Forbes Nash Jr. was Satoshi Nakamoto. There’s a bunch of circumstantial evidence that has invoked some research into the possibility that Nash could have been Bitcoin’s creator. The following editorial is the ninth installment of […]
The post The Many Facts Pointing to John Nash Being Satoshi Nakamoto appeared first on Bitcoin News.
https://news.bitcoin.com/the-many-facts-pointing-to-john-nash-being-satoshi-nakamoto/
Popular actor Kevin Hart gave bitcoin a boost this weekend during an all-star telethon to benefit the Muscular Dystrophy Association (MDA). Hart told viewers that cryptocurrency is a legitimate investment right after he called it “voodoo money.” Kevin Hart Shouts Out About Bitcoin and Cryptocurrency American comedian, Hollywood actor, and producer Kevin Hart shouted out […]
The post Kevin Hart Learns Bitcoin Is a Legit Investment, Not ‘Voodoo Money’ in an All-Star Telethon appeared first on Bitcoin News.
https://news.bitcoin.com/kevin-hart-bitcoin-legit-investment/
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