Month: April 2021

South Korea will introduce blockchain-powered vaccine passports via a smartphone app later this month, the country’s prime minister said Thursday. South Korea is joining a number of other nations in introducing vaccine certificates that enable cross-border travel while mitigating the risk of infections. Prime Minister Chung Sye-kyun suggested there could be substantial benefits for citizens at home too: “The introduction of a vaccine passport or ‘Green Pass’ will only allow those who have been vaccinated to experience the recovery to Read more …

Despite Dogecoin under-performing this past week when compared to other leading crypto assets, DOGE’s community has been among the most active on Reddit. According to data compiled by Skew and tweeted by Messari researcher Mira Christanto, r/dogecoin has been the third-most active crypto group on Reddit this week, with 33,822 new comments posted in seven days. Friendly reminder for Redditers: r/Bitcoin is $BTC while r/btc is $BCH pic.twitter.com/skFwhFM2y0 — Mira Christanto (@asiahodl) March 31, 2021 Dogecoin is the second-most active Read more …

Ethereum gained bullish momentum above the $1,850 resistance against the US Dollar. ETH price is currently correcting lower from $1,945, but it might find bids near $1,850. Ethereum is in a positive zone and it recently climbed above the $1,900 resistance. The price is now well above the $1,850 support and the 100 hourly simple moving average. There is a short-term contracting triangle forming with support near $1,915 on the hourly chart of ETH/USD (data feed via Kraken). The pair Read more …

press release PRESS RELEASE. The most awaited Aladdin Exchange $1,000,000 event is finally live. The giveaway event is open to the public. People can register on the exchange’s official platform and win prizes. The Aladdin Exchange team announced that the event starts on March 29, 2021, and ends on April 27, 2021. With more than 2 million people already registered, Aladdin Exchange keeps doors open for those who want to register and participate in the simulated trading event. To successfully Read more …

Major League Baseball team Oakland Athletics has sold their first crypto-purchased season ticket less than three weeks after first offering them. The Oakland A’s, as they’re colloquially called, introduced an offer on March 15 enabling fans to purchase suite tickets with Bitcoin. On Wednesday, March 31, the San Francisco East Bay ballclub announced that the buyer was New York-based publicly traded crypto asset platform Voyager Digital Ltd. The fintech firm purchased a six-person suite for all of the team’s 2021 Read more …

Spanish financial authorities don’t seem to be happy with the massive crypto-related advertising campaigns deployed across Madrid’s streets. The National Securities Market Commission (CNMV) is rushing to approve a regulation on such ads that promote bitcoin in Spain. Proposal Comes in the Wake of a Bitcoin Advertising Campaign Ran by a Local Exchange During a speech at the “Observatory of Finance” conference hosted by El Español, Rodrigo Buenaventura, CNMV president, was vocal on his stance against these ads, considering them Read more …

According to its latest annual financial report, leading U.S.-based mining firm Riot Blockchain increased its hashing capacity by 460% and more than doubled the amount of Bitcoin held on its balance sheet in 2020. Riot saw a 78% growth in total mining revenues from $6.7 million to $12 million, owing to the increase in operational hash rate from 101 pentahashes per second, or PH/s, as of December 2019 to 566 PH/s as of December 31. While the company said it Read more …

Bitcoin has just closed six consecutive monthly green candles for the first time since April 2013. Should history repeat, Bitcoin may enjoy further parabolic gains this year. In April 2013, Bitcoin closed at roughly $140 after posting six green monthly candles. While the markets would retrace to less than $100 over the next two months, Bitcoin would then surge 700% over the following six months and tag prices above $1,000 for the first time. BTC/USD since 2012, 1m candles: Trading Read more …

Bitcoin price is trading in a bullish zone above $57,600 against the US Dollar. BTC is likely to accelerate higher once it clears the $59,800 and $60,000 resistance levels. Bitcoin is trading in a positive zone, but it is facing hurdles near $60,000. The price is now well above the $58,000 support and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $57,800 on the hourly chart of the BTC/USD pair (data Read more …

The key to properly filing taxes on cryptocurrency comes down to excellent record-keeping, the correct IRS tax forms, and knowledge about what qualifies as income versus capital gains. Handle Tax Filings With Care to Avoid Any Audits Although the traditional April 15th deadline for filing US taxes has been pushed to May 17th, there is no time like the present for organizing cryptocurrency transaction records. At this point, all cryptocurrency transactions are taxable in some constellation, so it’s vital to Read more …

Major financial institutions are expanding their cryptocurrency services, with Bakkt launching its digital asset payments application for the general public. Bakkt was launched by Intercontinental Exchange in 2018, with the firm offering Bitcoin futures contracts to accredited investors exclusively. The Bakkt App is the firm’s first retail-facing crypto initiative. Bakkt’s app was trialed by 500,000 users invited to participate in its Early Access Program in late 2020. The firm is also conducting a $1 million giveaway to encourage people to Read more …

Bitcoin is once again making headlines everywhere, mostly for all the right reasons this time around. However, where there’s money to be made, there’s also scammers waiting in the shadows to steal funds whenever they can. The latest situation involves a highly sophisticated replica of a popular Apple iPhone app, a malicious application from Apple’s App Store, and a now stolen 17 BTC. Bitcoin Investor Has Half A Million Dollars Worth Of BTC Stolen During the height of the 2017 Read more …