Beijing had already ordered the closure of digital mining facilities in Xinjiang and Inner Mongolia, citing pollution from the coal-burning powerplants that provide electricity for miners based in those provinces. The cryptocurrency’s price appears to be interacting with the 144 exponential moving average on the 3-day chart–which currently sits at about $30,000–having found support at […]
You might be using an unsupported or outdated browser. If you purchased a single Bitcoin at the 52-week low of $8,975.53 and sold it at today’s price of $32,541.85, you’d earn $23,566.32 for a positive return of 72.42%. As the first cryptocurrency, Bitcoin is the best known of the more than 5,000 cryptocurrencies on the […]
Hopes for a recovery grew earlier this month as bitcoin briefly moved above the $40,000 mark–a psychologically important level for many traders. Beijing had already ordered the closure of digital mining facilities in Xinjiang and Inner Mongolia, citing pollution from the coal-burning powerplants that provide electricity for miners based in those provinces. The cryptocurrency’s price […]
– Assange will be sentenced today for breaching a British court order seven years ago, when he took refuge in Ecuador’s London embassy to avoid extradition to Sweden. So it was a natural fit for Wikileaks to use bitcoin due to its uncensorable nature, with Assange once commenting that “bitcoin is the real Occupy Wall […]
Fifty percent of new consumers are indulging in cannabis five or more days per week while 22% of new consumers are using multiple times per day. Culled from the newly published “U.S. For instance, 59% of cannabis consumers in Michigan were women, but, interestingly enough, in the blue state of California, it’s 43%. Jamie Schau, […]
“The IRS classifies cryptocurrency as ‘property’ for tax purposes. If you return the purchased item, Coinbase will put the refunded amount in the USD wallet of your Coinbase account. Legend has it that on May 22, 2010—now known as Bitcoin Pizza Day—Laszlo Hanyecz agreed to pay 10,000 Bitcoins for two pizzas from a Papa John’s. It’s […]
NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement. Durant missed his final six shots — including a contested airball from the top of the key for the tie with 0.3 seconds remaining. “I […]
the NFL game against the Buffalo Bills at State Farm Stadium on December 07, 2020 in Glendale, Arizona. But his suspension leaves the 49ers light on reserve options beyond Bosa and Ford for those opening six games. San Francisco is a team swimming with elite talent on both sides of the ball, yet there are […]
Bitcoin’s “death cross,” despite its ominous name, appears to be a lagging price indicator. “People are going to try all sorts of things,” Ehrsam, who has gone on to found the blockchain investment firm Paradigm since leaving Coinbase in 2017, told Bloomberg this week, warning many of those smaller cryptocurrencies won’t survive. Ehrsam also warned […]
Dogecoin, created as a “joke” in 2013, has soared since January to become one of the world’s most valuable cryptocurrencies, sporting a market capitalization of around $37 billion. “I think that when you look at what happened on Gamestop, the only surprising thing was that it wasn’t a cryptocurrency, because that pattern happens all the […]
BlackRock is the world’s largest asset manager, so when it speaks, markets and organizations tend to listen. That’s when BlackRock CEO Larry Fink released his annual letter to CEOs and forecast a “fundamental reshaping of finance” around a new financial model—green finance, or the practice of financing sustainable, environmentally friendly investments. First, it’s the only […]
Meanwhile, DeFi, using cryptocurrency technology to recreate financial products such as loans and insurance without the need for bank, has surged in popularity over the last year, helping the price of ethereum, the blockchain on which most DeFi projects are built, to soar. I have covered the rise of bitcoin and cryptocurrency since 2012 and […]
The change will layer an increased capital gains tax on top of any gift, estate or generation-skipping transfer tax due and will eliminate the step-up in basis in estates. Small businesses and professional firms changing the way they manage their income with more funding of retirement accounts rather than investing in the equity of the […]
The EU today formally approved an expanded ‘White List’ of non-EU countries, from which travelers are allowed to enter the EU for non-essential travel—for the first time in almost a year, travelers from the U.S. Countries have been put onto the White List if they have under 75 cases of Covid-19 infections per 100,000 people […]
KATWIJK, NETHERLANDS – DECEMBER 17: In this photo illustration, visual representations of digital … Relying on this tax law and the murky crypto tax guidance that existed before 2018, some cryptocurrency holders applied like-kind exchange treatment to crypto-to-crypto trades and paid no taxes on gains. So, relying on more authoritative §1031 of IRS tax code, […]
You might be using an unsupported or outdated browser. If you purchased a single Bitcoin at the 52-week low of $8,975.53 and sold it at today’s price of $37,417.44, you’d earn $28,441.91 for a positive return of 76.01%. As the first cryptocurrency, Bitcoin is the best known of the more than 5,000 cryptocurrencies on the […]
With 10 newly legalized states slated to begin selling cannabis in 2021 or 2022, the legal market is projected to pull in $43 billion by 2025. The report finds that 141 million Americans, or 43% of the adult population, reside in 18 adult-use states, “representing a diverse and widely distributed consumer base for retailers to […]
HONG KONG, HONG KONG – NOVEMBER 9: As a visual representation of the digital Cryptocurrency, Bitcoin … As a proof-of-work chain, and one that requires state replication across many devices around the world to come to consensus, bitcoin is computationally expensive. Likewise, states that see some tax revenue from the transactions, but aren’t able to […]
“In November 2020, there was a temporary sharp increase in the number of short-selling positions at a high price,” wrote Yang. I have covered the rise of bitcoin and cryptocurrency since 2012 and have charted its emergence as a niche technology into the greatest threat to the established financial system the world has ever seen […]
Two years ago this month, the billionaire hedge fund manager said that gold was his favorite trade in the next 12 to 24 months due to geopolitical disruptions, among other factors. It was a good call. “If say, ‘We’re on the path, things are good,’ then I would just go all in on the inflation trades. Jones’s […]