December 30, 2019

No Income Tax On Crypto Profits: South Korea Ministry Of Economy

The previous year was very good for cryptocurrencies and cryptocurrency regulation in general. Knowing that regulations and governments are one of the impediments to the adoption of blockchain and crypto technologies, we can see that everything is changing fast. Today, we are listing the five countries where regulators went positive and developed new methods to...
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Bitcoin ATM Number Increased By 50% In 2019: Report

The Bitcoin ATM Number increased by 50 percent in 2019 and reached a total of 384 according to CoinATMRadar. December 2019 was a meaningful month for a multitude of causes, probably some of the least reported being the new record number of Bitcoin (BTC) ATMs installations. The number od 338 destroyed the previous record of...
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This Cryptocurrency Plunges 14% With Rumors That Big Investors are Dumping

Blockchain startup Hedera Hashgraph (HBAR) are facing flak on Twitter. Some reports have claimed nodes have been dropped and there are accusations of bullying its community into not using the Hedera logo.The post appeared first on NewsBTC
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IMF Is Reviewing Its Potential Role In CBDC Issuance

With the current discussion about central bank digital currencies (CBDCs) the International Monetary Fund IMF is reviewing its potential role in the future of sovereign digital currency issuances as we are about to find out more in the latest cryptocurrency news. In an analysis posted on the IMFBlog earlier in December of 2019, the IMF...
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TD Ameritrade Broker Considers Listing XRP In 2020

A new declaration from TD Ameritrade, the famous online broker, tells that the company has no firm position on the question of adding or not XRP to its platform, which sparks speculations in the XRP’s community about the possibility of the adding and the future of the coin as we are about to read further...
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Sorry Bulls, Bitcoin to Remain in Firm Downtrend Until This Key Event Occurs

Bitcoin has continued trading sideways within the lower-$7,000, with this latest bout of consolidation coming about after a failed attempt by BTC’s bulls to spark a rally yesterday. Bull’s inability to sustain any significant upwards momentum points to underlying weakness amongst buyers and may signal that further losses are imminent.It is important to note that...
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Chinese Bitcoin Miners Forced To Reduce Electricity Consumption

Disappointment or not? This is what many people are asking themselves when reviewing the year behind our backs. The right question to ask right now is – did 2019 truly deliver everything that was expected in the crypto industry?While the price of Bitcoin and other cryptocurrencies were expected to go higher, so did may other...
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Ethereum to suffer more before it spikes to $170 – $180

Ethereum has been free-falling for quite a while now and yet, the bottom doesn’t seem to be in yet. However, a largely bullish pattern has formed, with ETH bouncing in it and starting its mini-rally on the daily time frame. Daily Chart Source: ETH/USD on TradingView Although there is a formation of a bullish falling...
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Europol Announcement: Monero Transactions Cannot Be Traced

Zcoin, the privacy-focused cryptocurrency has just launched a new crowdfunding system that is similar to the one Monero has as we are about to see more in the altcoin news today.In their official blog post, Zcoin announced the new Zcoin Crowdfunding System which is a new platform that will serve as a shift from direct...
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Tron Acquires DLive Blockchain Streaming Platform

DLive is the latest in Tron’s string of acquisitions. The blockchain-based streaming platform will join Poloniex and BitTorrent in Justin Sun’s portfolio. DLive is joining forces with Tron and its subsidiary, BitTorrent. Currently built on the Lino blockchain testnet, DLive will migrate to the Tron blockchain and merge with BLive, Tron’s much smaller streaming equivalent,...
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If Bitcoin Doesn’t Hold This Level, Price Could Plunge to $1,000

If you’ve been on Crypto Twitter at all over the past few weeks, you’ve likely seen Peter Schiff claim that Bitcoin (BTC) is on the verge of returning to irrelevancy. More specifically, he wrote in a tweet published in November that per his analysis of the charts, there’s a possibility that the leading cryptocurrency could...
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The Circulating Litecoin Supply Surpasses 64 Million LTC

Litecoin remains one of the most popular alternative cryptocurrencies on the market. The network achieved another milestone as over 64 million LTC have been put in circulation so far.  It has been an interesting year for litecoin, albeit not an eventful one. Over 64 Million Litecoin in Circulation Not too many things happened for this...
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South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb

The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles Hit With Backdated Tax on Crypto Trades Bithumb to...
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Ethereum, XRP report negative YTD as Tezos emerges as best performing asset

The year 2019 began with a flat start. However, as the year progressed, hopes for another bull run gained momentum. However, it did not take much time for the community to notice that there was no bull run or alt season, but just another period where most cryptos shed their value. According to a research...
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This Indicator Signals the Ethereum Bear Market is Over, But Will an Insane Rally Follow?

Despite the lackluster price action seen by Bitcoin over the past several days, Ethereum (ETH) has been able to climb back above its previous resistance level at $130 and find some decent buying pressure at this price region, which has come about after an extended period of trading sideways just above its key support level...
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Altcoin Recovery Gains Momentum, Bitcoin SV Tests Triple Digits

The cryptocurrency market traded mostly in the green on Monday, as the top 10 altcoins continued to build on the weekend’s strong gains. Bitcoin SV posted gains of over 10%, and traded back into triple digits as the recovery from the $75 support level gathered traction. Litecoin was another notable gainer over the weekend among...
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Lack of Bitcoin Investment by Professionals “Odd” Given Stock Market Trends

For years now, Bitcoin investors have been saying that once the money managers and institutional investors of the world take up positions in in the crypto asset, the price will soar to levels currently unthinkable. However, such an influx of capital is yet to occur.For at least one digital currency analyst, this is “odd”, particularly...
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Lightning Network adoption rises as more exchanges integrate it

Lightning Network adoption has increased over the last few months, with more and more exchanges now integrating it. According to a recent announcement, San Francisco-based financial firm, River Financial, is the latest to enable Lightning deposits and withdrawals. Developed to increase Bitcoin’s scalability, Lightning Network’s adoption was slow for the whole of 2018. However, in...
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Momentum Within Altcoin Market Could Spark Massive XRP Rally, But Will it Be Sustainable?

Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin’s fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.20 region, although the resistance at this level proved to be...
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Tron’s supply to be diluted with 33.2 billion TRX in 2020

A total of 33.2 billion TRX tokens are scheduled to be released into Tron’s circulating supply on 1 January 2019. This marks an important step in Tron’s journey as the release constitutes about 32% of its total circulating supply. This dilution in Tron’s circulating supply could have devastating effects on its price. Tron, a major...
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Hashing Ahead: A Look at Bitcoin Mining in 2020

The December 2019 report on the Bitcoin mining network from CoinShares Research, a division of the digital asset management firm, presented an industry in good health at the end of the year, with a hash rate that had almost doubled in the previous six months, a new generation of more powerful and efficient technology on...
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IOTA’s 15-hour downtime gets it on the comedy section on the CryptoCurrency subreddit

The IOTA network couldn’t process transactions for more than 15 hours after a software bug caused a “corrupt ledger state.” While IOTA’s developers managed to resolve the issue, the company’s response to the issue made it front-page news on the comedy section in the CryptoCurrency subreddit. IOTA team resolves a minor bug that left the...
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Bitcoin Price Needs to Break $7.8K to Turn Bullish

Bitcoin (BTC) is once again stuck in a range, moving for weeks between support and resistance levels around $7,000 to $7,500. Now, new analysis pegs a support of $7,800 as a sign of a new bullish trend. Bitcoin Stuck in a Range Ahead of New Year Bitcoin prices rallied close to $7,500 in a weekend...
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‘Bitcoin, not Blockchain’ led the year, despite price hurdles

Bitcoin started its 2019 journey being valued at around $3k. With time, however, the BTC market reflected strong bullish momentum that carried the coin to its yearly peak at $13k. However, this wave of bulls receded once the bears approached the market. The coin that was once speculated to surpass $20k fell and was valued...
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Craig Wright on Bitcoin, the YouTube Purge, and HEX’s Criminal Richard Heart

Craig Wright talks to CCN about the latest developments in the cryptocurrency industry. | Image: YouTube/University of Exter Purported bitcoin creator Craig Wright takes aim at YouTubers, HEX’s Richard Heart and crypto pumpers. Self-proclaimed Satoshi Nakamoto paints a very different picture of bitcoin’s future than is found in crypto circles. Says miners will eventually be...
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Europol: Monero Payments Cannot be Traced

When Monero (XMR) users choose to veil their transactions, they cannot be traced between the sender and receiver. This finding by an Europol official contradicts previous discoveries that XMR transactions can reveal some of the identities of users. Blockchain Analysis Impossible for Monero Network At least when it comes to the authorities, transactions on the...
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Ethereum Proponent Virgil Griffith Deemed a Flight Risk, Judge Denies Bail

U.S. law enforcement filed in November criminal charges against Ethereum researcher Virgil Griffith because he traveled to North Korea and taught “his audience how to use blockchain technology.” Griffith was arrested on Thanksgiving Day and has been forced to remain in prison the whole time. On Dec. 26, SDNY Magistrate Judge Barbara Moses refused Griffith’s...
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Bitcoin to Benefit More from Trade War in 2020 than Halving

A misguided euphoria rising from the “phase one deal” between the US and China could help bitcoin becoming one of the most profitable investments in 2020.The offbeat asset has been pursuing a flat trajectory ever since Washington and Beijing reached an initial agreement. It spent its entire December in a tight range defined by $7,000...
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China Forces Bitcoin Miners to Scale Down Amid Electricity Shortfall

With the dry season approaching, Bitcoin miners in China’s Sichuan province may be forced to reduce their electricity consumption. Prioritizing Communal Electricity Needs Over Crypto Miners According to Asia Times, authorities in Sichuan Province, China, are reportedly leaning on Bitcoin miners to cut down electricity consumption. This news comes amid the dry season in Southwest...
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BTC Eyes Key Resistance as Gold Hints at Safe Haven Return, NBX, MANA, RDD, Dec 30

BTC secures another hold of the $7,000 level on the monthly chart, while the weekly plays inside a key zone. NBX gains 220%, MANA and RDD up 13%. BTC Bitcoin has had a relatively quiet week to end the year and has failed to break above the key resistance level for the week. BTC now...
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