Month: March 2020

Advertisment The popular cryptocurrency exchange Binance is allegedly in talks with the owners of coinmarketcap.com in hopes of purchasing the website for $400 million. People familiar with the matter explained the acquisition will be announced this week and could be one of the largest procurements in the cryptocurrency and blockchain industry to-date. Also read: Bitcoin Mining Roundup: BTC Regains 100 Exahash, Miners Close Shop, Pre-Halving Shake-Up You want the latest news about Crypto? Then follow us on Google News! Binance Read more …

While You’re Under Quarantine, Check These Sites for Remote Crypto Jobs If you are on the lookout for a job in these pressing times, when the coronavirus pandemic has limited public movement and shut down businesses, it’s worth exploring opportunities to work from the relative safety of your home. The number … read more. How to Quickly Cash Out From Crypto to Fiat There are many reasons why you might seek to liquidate your digital assets into fiat currency, be Read more …

The world is now facing its worst financial crisis in decades, with fears growing that a years-long recession may have begun. However, this economic turmoil will also play a key role in pushing Bitcoin and blockchain technology into the mainstream. Three key elements will play a role. BITCOIN ADOPTION WILL CONTINUE TO SKYROCKET Critics have pounced on the decision by the U.S. Federal Reserve to print trillions of dollars to help alleviate the country’s growing rate of unemployment. This move Read more …

Bitcoin (BTC) miners will continue to capitulate due to low prices, but upcoming events for Bitcoin Cash (BCH) and Bitcoin SV (BSV) will fuel the turmoil, says a new forecast. In the latest edition of its State of the Network reports on March 31, Coin Metrics argued that Bitcoin was in a spiral of miner capitulation. This, it said, would get worse before it got better. Coin Metrics expects “pattern of capitulation” Despite BTC/USD recovering over 70% in two weeks Read more …

Blockchain development firm Bitfury is re-assigning the computing power it uses for digital currency transaction processing to COVID-19 research. In an announcement on March 31, the company revealed that it had been allocating its high-powered GPU-enabled computing nodes to run COVID-19 calculations as of March 20. The redirection of Bitfury’s resources is contributing to a distributed computing endeavor, Folding@Home (F@H), created by a consortium of scientific research labs across North America, Europe and Asia. In the wake of the global Read more …

Crypto communities and the United States Internal Revenue Service haven’t exactly had a love fest over the last five years. It started in 2014, when the IRS said crypto was property, and it hasn’t got much better since. In addition to sending those 10,000 “beware” letters and trying to get crypto exchanges to turn over customer lists, the IRS has even gone so far as to alter the most hallowed tax form, Form 1040, to ask a crypto-specific question. However, Read more …

W2s and 1099s have been sent out and tax season is officially in full swing here in the United States. For those operating in the world of bitcoin or altcoin investing, this time of year can have added stress as reporting gains and losses for your crypto trades can be a cumbersome task. While the reporting can be difficult at times, there are many things you can do to help minimize your bitcoin and other cryptocurrency gains and, in turn, Read more …

Trying to navigate the different Lightning implementations can be a challenge. Although there were initially three implementations: c-lightning, eclair and lnd, more continue to come out of the woodwork all the time with ptarmigan, rust-lightning and Electrum the most recent to enter the fray. Often, it seems developers and aspiring developers choose to use or contribute to a particular implementation based on the language it is written in. Familiar with Scala? Choose eclair. Excited by the potential of Rust? Choose Read more …

Advertisment With the global disruption lately, you may not have noticed that Q1 is coming to an end. But tomorrow kicks off the start of the second quarter–traditionally bullish for Bitcoin. Will 2020 deliver? Will Q2 2020 Be Bullish for Bitcoin Once More?Let’s be honest, investor confidence is hardly at an all-time high. The FDIC putting out material like the below practically begging people not to start bank runs is hardly reassuring. You want the latest news about Crypto? Then Read more …

Crypto-literate public accountants are concerned their clients might face Internal Revenue Service (IRS) audits in the U.S. and penalties for underpaying taxes on their crypto holdings, a new survey finds. Cryptocurrency accounting service provider Blox and tax software developer Sovos conducted a survey of roughly 45 Certified Public Accountants (CPAs) familiar with crypto, finding the majority believe their clients might face penalties for misreporting their tax liabilities from their holdings of assets like bitcoin (BTC). Indeed, many of these respondents Read more …

The COVID-19 crisis may have put a stop to millions of sports events, work conferences and meet-ups across the world, but it has not halted those in the cryptocurrency space. The Coinfest Conference, which runs until April 4, has found a way to defy the coronavirus lockdown by setting up shop in the digital blockchain realm of Decentraland.  The first day of the virtual conference kicked off on March 30th, beginning with a round of games that offered users the Read more …

HDR Global Trading that owns and operates BitMEX is committed to “Bitcoin development is for the long term”. Today, the company announced that it will increase its 2019 grant to Bitcoin core dev Michael Ford to $100,000. BitMEX Ups Core Developer Grant to $100K According to the BitMEX blog, and as tweeted out by BitMEX Research on 31 Mar 2020, the company will be increasing its grant this year to Bitcoin core developer Michael Ford (AKA fanquake). HDR Global Trading Read more …