Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion

Ethereum, Bitcoin Prices Slide as Market Sheds $10 Billion The crypto markets took a steep downward turn on Friday, with more than 90 of the top 100 cryptocurrencies posting single-day price declines. The bitcoin price dropped nearly $400 after challenging the $4,000 level earlier in the week, while the ethereum price slipped below $260. Chart […]

Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018

Prominent Bitcoin Trader – Price is Heading Towards $100,000 in 2018 Earlier this week, prominent bitcoin trader and investor Tone Vays provided technical analysis on bitcoin’s short-term trend, major price correction following the nationwide ban on Chinese bitcoin exchanges, bitcoin’s swift recovery, and the long-term future of bitcoin. The analysis of Vays demonstrated the potential […]

Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List

Wall Street Journal Argues Bitcoin Is “Probably worth Zero”, Joins Obituary List One of the Wall Street Journal’s most read articles of the day implies that bitcoin’s volatility reveals that the cryptocurrency is “probably worth zero.” The author of the piece starts by stating that a borderless digital currency out of the government’s reach that […]

Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter

Bitcoin Mining Could be China’s Next Target – Why It Does Not Matter   Several sources including the Wall Street Journal have reported that the Chinese government and its regulators may target bitcoin mining operators in the region following the imposition of a nationwide ban on cryptocurrency and bitcoin exchanges. Experts in the cryptocurrency sector […]

U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions

U.S. Bill Would Ease Bitcoin Tax Regulations for Small Transactions Two U.S. congressional representatives have introduced a bill that would reduce bitcoin tax reporting requirements. If the bill is signed into law, U.S. bitcoin users would no longer have to report transactions worth less than $600. The Cryptocurrency Tax Fairness Act of 2017, introduced by […]

$11 Billion – 24-Hour Cryptocurrency Trading Volume Hits New Record

$11 Billion – 24-Hour Cryptocurrency Trading Volume Hits New Record Cryptocurrency trading volume reached a new milestone on Friday, crossing $11 billion for the first time amid regulatory uncertainty in China. Crypto Markets Post Record Volume According to data obtained from CoinMarketCap, the combined 24-hour trading volume of all cryptocurrencies rose to $11.5 billion shortly […]

Bitcoin Price Analysis – A perfect storm

Bitcoin Price Analysis – A perfect storm Bitcoin has dropped ~USD$400 in the past 24 hours, contributing to a ~USD$1450 drop in the past seven days. The leading cryptocurrency is down ~US$1150 Since the recent high of ~US$4950 on Sept 2nd, or nearly 30%. The lackluster performance can be attributed to both technical and fundamental […]

John McAfee challenges Jamie Dimon’s bitcoin skepticism

John McAfee challenges Jamie Dimon's bitcoin skepticism McAfee challenged Dimon's assertion that bitcoin is a "fraud" that will eventually blow up. Miners invest "massive" amounts of supercomputing power and electricity in creating bitcoins, McAfee on CNBC's "Fast Money." John McAfee on Wednesday challenged JPMorgan CEO Jamie Dimon's skepticism of bitcoin. Dimon on Tuesday called bitcoin […]