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 […]

Bankers’ mistrust of bitcoin is still the greatest argument for it

Bankers’ mistrust of bitcoin is still the greatest argument for it Earlier on Tuesday, at different conferences around New York, JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse than tulip bulbs.” This skepticism by one of Wall Street’s titans, and its reflection in many offices and […]

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakou

Bitcoin Finds Bottom at $4,000 as Price Awaits Post-China Breakout The bitcoin-US dollar exchange rate (BTC/USD) may have climbed back above $4,000, but it might be ready to push higher even though China uncertainty reigns supreme. Following reports the country's regulators may be seeking to shut down domestic bitcoin exchanges, the bitcoin price fell to […]

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades Order comes amid a broader clampdown on financial risk China is home to nearly a quarter of world’s bitcoin trades China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after […]