Bitcoin has seen extreme strength over recent weeks, rallying around 30% in the past month. One pioneer in the cryptocurrency space thinks, though, that BTC may not see a great bout of price appreciation this market cycle.Related Reading: These 3 Trends Suggest Bitcoin Is Poised to Bounce After $1,000 DropSynthetix Founder Doesn’t Think Bitcoin May Explode…
Archives for August 2020
Hackers Nab $16 Million In BTC Through Bitcoin Wallet Exploit
A long-time holder was unfortunately taken for their 1,400 BTC – over $16 million worth of Bitcoin – in a wallet exploit. But how were hackers able to make off with this user’s cryptocurrency? And what can others do to avoid the same situation from happening to them?Crypto Crime Takes A Bow But Is Just…
Chainlink Bulls May Target $19.00 as Long as They Hold One Key Level
Chainlink has been flashing some signs of strength throughout the past few days and weeks, with the cryptocurrency’s securing a relatively strong foothold above the $17.00 region following its latest surge.It has established the upper-$17.00 region as resistance, as a rally up to this area earlier today was followed by a strong rejection that sent…
Barstool’s Dave Portnoy Is Preparing to Re-Enter the Bitcoin & Crypto Market
Dave Portnoy has been dabbling in the crypto and Bitcoin market for a few weeks now. After being reintroduced to the cryptocurrency market by Twitter, the Barstool Sports founder and celebrity day trader has been frequenting Crypto Twitter.It reached a point where he was introduced to the Winklevoss Twins, who co-founded the Gemini crypto exchange.Portnoy…
Bitcoin Shows Signs of Reversal; But $12,000 Holds The Key For Strong Rally
Bitcoin price is showing reversal signs above the $11,550 resistance against the US Dollar. BTC must surpass the $12,000 resistance for a sustained upward move.Bitcoin started a steady rise above the $11,500 and $11,550 resistance levels. The price traded as high as $11,731 and it settled above the 100 hourly simple moving average. There is…
The Most Weekly Valued Cryptocurrencies In The Market By Criptonoticias
During the week of August 23 to 30, the cryptocurrency market is observed with a predominance of red. The prices of most altcoins show a downward trend, although the few cryptocurrencies that increased in value reached a growth of up to 160%.The most appreciated cryptocurrencies are led by storj (STORJ), whose dizzying growth is related…
Ethereum Smashes Heavy Resistance: Next Bullish Levels Traders Should Watch
Ethereum gained bullish momentum above the $406 resistance against the US Dollar. ETH price is up over 5% and it seems like the bulls are aiming a test of $445 in the coming days.Ethereum climbed higher steadily and broke the $400 and $406 resistance levels. The price is now trading nicely above the $420 level…
The Apple and Tesla Stock Split
What do they mean?Photo by thiago japyassu from PexelsOn Monday 31st August 2020, both Tesla and Apple’s stocks will be split from 1 share to 5 and 4 shares respectively.Stock splitting is an action taken by a corporate body in which they issue their shareholders with more of shares of the stock they own whilst…
Litecoin Price Holds Strong at $60: A Bullish Case For Rally To $70
Litecoin started a steady recovery wave from the $53.50 and $54.00 support levels against the US Dollar. The price is now trading nicely above the $60.00 level and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance near $58.00 on the 4-hours chart of the LTC/USD…
Cryptocurrency Earned From Carrying Out Microtasks Is Taxable, Says IRS Memo
Aug 31, 2020 at 07:31 UTCUpdated Aug 31, 2020 at 08:12 UTCJar of pennies (John Brueske/Shutterstock)Cryptocurrency earned from carrying out small tasks valued as low as $1 is taxable, the U.S. Internal Revenue Service (IRS) said in a memo Friday. In a memorandum first reported by The Block, the IRS’s Office of Chief Counsel published…