Bitcoin

The Treasury Department has made it official that any cryptocurrency transfer worth $10,000 or more will be reported to the Internal Revenue Service.  The step marks the first of many in the crackdown on cryptocurrency markets and transactions. The Treasury Department said that cryptocurrency already presents a significant detection issue by enabling criminal activity in broadest measure, including tax evasion. U.S. Treasury's Crypto Clampdown Bitcoin has always struggled to marginalize official bodies. Janet Yellen, known for her crypto skepticism, and…

Bitcoin price is currently well over $50k with an outstanding 66% market dominance making it the highest-valued cryptocurrency. The crypto developed in 2009 has seen its high prices realized through the end of 2020 and the first quarter of 2021. The records show an all-time high price of $61.55k, and future predictions lean on its price increasing to $100k. Certainly, the BTC rally doesn't seem to have run out, regardless of the 600% price surge since its launch.  Despite recent…

Trading cryptos is likened to a minefield, especially for beginners; one wrong move could mean a terrible outcome. Crypto investors can gain or lose substantial money in a flash if they do not have the best strategies. Enough background diligence, online security, and a healthy dose of suspicion can help make your investment safe. All traders inevitably use the terms margin and leveraged trading in cryptos, and while these terms are related, there is a difference between them. Nevertheless, they…

Fourteen years ago, the cost of bitcoin was 6 cents. This year it recorded an all-time high of 60k. Considering the current Bitcoin mainstream adoption, what is the fate of Bitcoin ten years from now? Contrary, there are also competitive coins such as Ether (ETH) with more prominent communities. As mentioned above, the price of Bitcoin has inflated in the past ten years. So what does inflation mean? Contrary to the crypto-space definition, the fiat world defines inflation as a…

On 14th April 2021, Coinbase went public by listing its shares on Nasdaq. It listed the share under COIN, and the move had excellent results on Coinbase’s value.  At the time of registration in the exchange, the unit price was $381, about 52% higher than its reference price of $250. However, the price of the shares closed the day at around $328.28. Accordingly, the value of Coinbase stood at around $100 billion on 15th April, around 1000% more than the…

Anthony Pompliano announced that Bitcoin Pizza, a new project, would use local pizza delivery to fund Bitcoin development. Pompliano clarified in a video posted on Twitter that 100% of the proceeds from the new project go to the Bitcoin Development fund initiated by the Human Rights Foundation. The fund benefits software developers from the open-source and the cryptocurrency community. Today I am announcing Bitcoin Pizza - a new national pizza brand that is launching in 10 cities. The first pizzas…

As Bitcoin and blockchain gain momentum at the corporate level, Galaxy Digital has released a report on Bitcoin energy consumption. The report describes how the network consumes less energy than traditional financial industries and its value. The report comes days after Tesla CEO Elon Musk, the most significant vocal fan of cryptocurrencies on social media, banned bitcoin as a form of payment for Tesla products. He blamed the use of fossil fuel for bitcoin mining and transactions. The ban came…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $2,304 trillion. Bitcoin loses nearly 15% over the week after Elon Musk announced that Tesla wouldn’t accept BTC payments anymore. Ethereum is down by 1% despite setting a new ATH this week. XRP is up by almost 4% after a highly volatile week. Binance Coin lost more than 9% of its value over the…

In the hope of profiting from Biden's move toward a new zero-emissions goal, Tesla Inc. (TSLA.O) seeks to enter a multimillion-dollar US renewable credit market. Elon Musk also announced that Tesla had suspended car shopping using Bitcoin to raise concerns concerning cryptocurrency's climate effect. The electric car manufacturer is one of around eight companies with a pending application for power generation and renewable credits in the EPA. The Environmental Protection Agency generates a list with some information, but not names…