Month: October 2020

Currently worth $100 million, the nonfungible tokens industry is changing how the ownership and authenticity of digital assets are perceived. Leading entities in the gaming and blockchain world are already experimenting with NFTs in all sorts of ways. However, the primary goal is to prove the authenticity and ownership of digital items, which had proven difficult until the advent of blockchain technology. Through blockchain technology, digital assets can have unique identifiable attributes that make them rare and irreplaceable. On NFT Read more …

Ripple continues with its expansion in the market, and investors are becoming more and more interested in XRP. In this article, we will share with you how to buy Ripple (XRP) in Australia. It is very important to help newcomers to the market to handle virtual currencies and enter the space.  Each country and jurisdiction will have different services for users to have access to digital assets. This is due to the fact there are no standards on how to Read more …

The world-class trading platform, Bitcoin.com Exchange announced it’s participating in the Cryptopia Exchange rescue consortium in order to help redistribute coins to customers. Bitcoin.com’s trading platform will provide an exchange environment in order to bolster the Cryptopia Rescue redistribution plan. Back in January 2019, the New Zealand cryptocurrency trading platform Cryptopia Exchange suffered a major breach and it affected 2.3 million account holders from all around the world. Estimates note that roughly $860 million worth of cryptocurrency was held on Read more …

Bitcoin has begun to consolidate above $13,000. Despite this bullish trend, most Bitcoin funding rates on leading futures exchanges currently are negative. The current Bitcoin futures funding rates are bearish on Binance, BitMEX, and OKEx. Bitcoin Funding Rates Still Negative Bitcoin has begun to consolidate above $13,000. $13,000 has long been an important level for Bitcoin, making this consolidation important for the bull case. The cryptocurrency currently trades for $13,500, above the aforementioned support level. In a continued win for Read more …

Ethereum is in the process of trying to reclaim its key $380 support level following a brief dip below it earlier today. The cryptocurrency has been struggling to gain any momentum despite the intense strength seen by Bitcoin as of late, which is currently grinding up towards its key resistance at $13,800 as buyers maintain full control over its price action. Although BTC and ETH have been highly correlated in the past, they are now trading fully independent from one Read more …

Bitcoin, although a powerful and disruptive financial technology, at its core, is mere mathematics. Its code is what keeps the network operating, its supply hard-capped at 21 million BTC, and much more. But could that computer code and supply mechanism also help provide clues to when the crypto market tops and bottoms? According to a strange correlation with the asset’s block reward halving and the timing of tops and bottoms, the solution could be nothing more than simple addition and Read more …

At the beginning of the year, the trading platform FTX Exchange launched a futures market so people can bet on the U.S. election and created a futures contract token called TRUMP. On Friday, FTX revealed that the exchange is lifting the initial margin requirements to $0.50 for its TRUMP token contracts. Individuals who don’t live in the United States can participate in betting on the U.S. 2020 presidential election by leveraging the trading platform FTX. News.Bitcoin.com reported on FTX launching Read more …

Chainlink has been struggling to gain momentum over the past couple of days, with the ongoing bout of capitulation within the altcoin market, creating far-reaching shockwaves that have impacted LINK. The crypto is now struggling to hold above its $11.00 support level, and some analysts believe that it could be at risk of seeing further losses if this level is broken. That said, while looking towards LINK’s BTC trading pair, the cryptocurrency’s parabolic trendline formed throughout the past few years Read more …

Bitcoin has simply been ranging throughout the past few days, with bulls building a strong base of support within the lower-$13,000 region as bears struggle to gain any momentum This support could help catapult it higher in the near-term, but the slight rejection seen at $13,600 yesterday does indicate that downside could be imminent There is one technical indicator that suggests some downside could be right around the corner One analyst spoke about this in a recent tweet, noting that Read more …

As the weekend approaches, Bitcoin (BTC) price appears set to close out the month with a remarkably strong performance which has many bulls calling for a new all-time high above $20,000 in the near future.  Traders attribute these lofty estimates to the fact that BTC appears to have flipped $12,000 to $12,500 to support and barring some unexpected price implosion, Bitcoin is on the path to painting a beautiful monthly candle. Crypto market weekly price chart. Source: Coin360 Further ‘bullish’ Read more …

Crypto income taxation is a murky arena at present. It would seem that even the U.S. Internal Revenue Service, or IRS, has a tough time figuring out who owes what, according to Wendy Walker, solution principal at the tax compliance company Sovos.  “In the typical tax system, the IRS uses 1099 reporting,” Walker told Cointelegraph in an interview. “So, 1099, W2, that tax reporting, it’s the primary tool that they use to enforce tax compliance,” she added. When people fail to Read more …

Yearn.finance’s YFI token saw a sharp capitulatory decline overnight that caused it to post some massive losses. This decline briefly sent it below $10,000, which is a level that had not been broken below since weeks before its parabolic move to $45,000 started. This decline has come about amidst a capitulatory bout of panic selling amongst altcoins, as many are trading down 20% or more today while Bitcoin continues consolidating. Part of this weakness may stem from Ethereum’s intense underperformance, Read more …