Month: March 2018

Bitcoin Price Key Highlights Bitcoin price is consolidating inside a symmetrical triangle as it formed lower highs and higher lows. A bounce could be due as the triangle support lines up with a longer-term area of interest around $10,000. Technical indicators are showing mixed signals, though. Bitcoin price has formed a symmetrical triangle pattern and might be due for a breakout soon. Technical Indicators Signals The 100 SMA is below the longer-term 200 SMA to suggest that the path of Read more …

Key Points Bitcoin cash price failed to remain above $1,220 and declined against the US Dollar. There is a key bearish trend line forming with resistance at $1,225 on the hourly chart of BCH/USD (data feed from SimpleFX). The pair may continue to move down and it could trade below the $1,180 and $1,150 support levels. Bitcoin cash price faced an increased selling pressure below $1,250 against the US Dollar. BCH/USD declined below $1,220 and it remains at a risk Read more …

It seems like everywhere you turn, people are talking about the meteoric rise of bitcoin. Bitcoin, the most well known cryptocurrency, seems to be a topic that people can’t get enough of. But here’s one thing most bitcoin enthusiasts aren’t talking about: bitcoin taxes. So, how do taxes apply to bitcoin? While bitcoin is a new kind of currency, the IRS doesn’t tax it like a currency. Technically, the IRS treats bitcoin as property, and all the general tax principles Read more …

“It was a nasty piece of business.” That’s how one industry lawyer described a subpoena he saw in January from the Securities and Exchange Commission (SEC), part of the agency’s months-long probe into the nascent crypto fundraising mechanism, initial coin offerings (ICOs). The roughly 25-page document, the lawyer said, was “hyper-detailed,” asking for “every bit of communication around the token launch.” But while large financial institutions have the resources and procedures to handle such requests as a matter of course, Read more …

The pullback after a couple of days in the green is becoming a regular pattern now. Markets can’t seem to garner any serious upward momentum and have been relatively flat and slightly down for a few weeks now. Bitcoin has retreated 4% back to $10,400 which is pretty much what it started out at on the 1st of February. Altcoins are pretty much all in the red, declining from the small gains they have made over the past couple of Read more …

China’s police force is reportedly extending its internet monitoring to include international cryptocurrency activities. According to business news outlet Yicai, the internet monitoring unit under China’s police force has been closely watching foreign cryptocurrency exchanges as well as domestic platforms that have shifted overseas. The report said the effort comes as part of the Chinese government’s efforts to prevent potential money-laundering, pyramid schemes and investment fraud from platforms that are accessible to Chinese investors. It also marks as the latest news Read more …

The receiver for AriseBank, the Texas ICO issuer at the center of a securities fraud case, suspects the firm’s co-founders have not been entirely forthcoming with asset disclosures, documents show. According to a receivership report filed this week, co-founders, Jared Rice Sr. and Stanley Ford, initially failed to comply with a court order requiring them to disclose all of their property as well as assets owned by AriseBank. Ford is at present in Dubai, but Rice later acquiesced and the case’s appointed Read more …

It was widely reported yesterday that the planet’s second richest man, Bill Gates, is no lover of Bitcoin and other cryptocurrencies. The founder of Microsoft claimed that in their short existence digital currencies have already been a “fairly direct” cause of deaths. Gates Slams Cryptocurrencies over Connections to Crime During an “ask me anything” session on Reddit yesterday, Gates stated that cryptocurrency has been responsible for various evils. Amongst these the multi-billionaire alleges that Bitcoin and other digital coins have Read more …

The US Securities and Exchange Commission (SEC) has launched a probe into cryptocurrency business, the Wall Street Journal reported today, Feb. 28th. Undisclosed sources told WSJ that the regulatory agency has a currently unknown number of subpoenas and information requests to advisers and technology companies active in the United States’ cryptocurrency market. Among the subpoenas from the top US securities regulatory agency are demands regarding the structure for sales and pre-sales for ICOs, which do not fall under the same Read more …

Market Updates This week the Bitcoin Cash network has gained more infrastructure and support from a variety of crypto-based businesses. Additionally, the digital asset has seen increased trade volume, and its price has been holding steady after the big dip that affected the entire cryptocurrency market ecosystem. Also Read: Las Vegas Strippers Accept Bitcoin via QR Tattoos Bitcoin Cash Markets Consolidate for the Next Move So far the Bitcoin Cash (BCH) blockchain is 8037 blocks ahead of the Read more …