Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?

Bitcoin Price Drops to New Yearly Low at $3,200: What’s Causing the Decline?   On December 14, following a fairly large sell-off from the $3,400 region, the Bitcoin price dropped to a new yearly low at $3,200. As Bitcoin (BTC) declined in value, other major cryptocurrencies including Ethereum (ETH), Stellar (XLM), and Bitcoin Cash (BCH) experienced large losses against the U.S. dollar, with BCH falling by more than 11 percent. Within a seven-day period, the Bitcoin Cash price` has fallen from $116 to $89 by more than 25 percent despite…

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Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market

Japanese Regulator Aims to Reduce Crypto Tax to Revitalize the Market In October, the government of Japan hinted its plans to ease the process of taxing crypto investments to refrain impractical taxation frameworks from negatively affecting the local market. At the time, a committee of tax experts that is tasked to advise the government on taxation matters encouraged the authorities to simplify the complex process of disclosing taxable amounts that occur in investing in the crypto market. Prior to that, a local analyst said: “If the rapid growth of the cryptocurrency sector in late 2017…

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Chinese Investors are Loosing Faith in Blockchain as Crypto Market Losses Exceed $706 Billion.

Chinese Investors are Losing Faith in Blockchain as Crypto Market Losses Exceed $706 Billion. The global cryptocurrency market has already seen more than $706 billion of its total market capitalization evaporate since hitting a peak in early January, according to research losses appear to be triggering a shakeout in the wider blockchain community in China. Many startups there are finding it increasingly difficult to gain access to capital as investors grow skeptical of the fundamental claims around digital currencies and the blockchain technology that underpins them. With visions of a…

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What is going on with Crypto?

What is going on with Crypto? It all started 4 days ago when Crypto market started to fall, yet after a couple of days, there is no recovery in Crypto market. Now the market Crashing harder that it was 4 days ago. Bitcoin, which hasn’t fallen past $6,000 for months, has dumped to $4,413.99 as of this morning. Not just bitcoin its nearly everything else falling in unison. Ethereum was flying high at $700 a few months ago, now it’s at $140. The following chart shows how far the things…

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A Change of heart for Warren Buffett on Crypto Investments? Invested $600 million in two Fintech Firms.

A Change of heart for Warren Buffett on Crypto Investments? Invested $600 million in two Fintech Firms. For years now, Warren Buffett has been talking against cryptocurrencies, and Bitcoin especially, claiming that this technology is nothing more than a bubble and a scam. However, recent reports indicate that he may have had a change of heart. Mr. Buffett, who continuously rejected cryptocurrency and fintech, seems to have decided to invest as much as $600 million into two large fintech firms. Each company is set to receive a $300 million investment…

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Canadian Bitcoin Exchange ‘Hacked or its a Scam? Says all funds are gone

Canadian Bitcoin Exchange ‘Hacked or its a Scam? Says all funds are gone A small Bitcoin exchange based in Alberta, Canada, has gone offline. Before their Twitter page went offline, MapleChange had announced on Twitter that they “[had] no more funds to pay anyone back.” In the way of an explanation, the exchange had, approximately one hour before deleting its Twitter page, said that a “bug” had enabled “some people” to withdraw all of the funds on the exchange. Educated readers may recall a time when Mt. Gox claimed similar…

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IRS Advised to Provide Better Guidance on Cryptocurrency Transactions

IRS Advised to Provide Better Guidance on Cryptocurrency Transactions The Information Reporting Program Advisory Committee is a body which was established before the Internet was a major consumer network and is a result of federal government reorganization and, importantly, efforts to modernize and improve the IRS brought about by the Omnibus Budget Reconciliation Act of 1989. The committee periodically suggests actions the IRS needs to take in order to improve its operations, specifically relating to how the IRS gathers information about taxpayers. This year’s public report is of interest to…

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Crypto Software Firm Blockchain Launches Ledger-Powered Hardware Wallet

Crypto Software Firm Blockchain Launches Ledger-Powered Hardware Wallet Crypto software company Blockchain has launched a new hardware device that integrates with its existing online wallet, developed in partnership with crypto hardware security firm Ledger, according to a press release shared with Cointelegraph today. A hardware crypto wallet is a form of so-called “cold storage,” which allows users to keep their crypto holdings and private keys offline in order to safeguard against theft via a remote attack. The new device, dubbed “Blockchain Lockbox,” is reportedly only compatible with the company’s online…

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Forbes came up with its Crypto Data Aggregator, in partnership with NewCity and trade.io

Forbes came up with its Crypto Data Aggregator, in partnership with NewCity and trade.io NewCity Digital and Forbes Media announced on Monday the launch of Forbes CryptoMarkets, a data-oriented portal focused on cryptocurrencies. The website, which uses the Forbes brand name, is currently in beta mode. The project has been developed in partnership with private investment company NewCity Capital and Swiss-based exchange trade.io. Forbes CryptoMarkets resembles the popular Coinmarketcap portal, but it also displays several indexes tracking different groups of cryptocurrencies. The new portal, which went live on Monday, aggregates…

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2017-2018 North korean hackers group ‘Lazarus’ has Stolen $882 million worth coins from Crypto exchanges

2017-2018 North korean hackers group ‘Lazarus’ has Stolen $882 million worth coins from Crypto exchanges Blockchain Technology is considered to be much secure and faster than Banking, it has all sorts of security applications such as complexed algorithms, decentralised storage, record keeping and peer to peer sharing despite all these, crypto exchanges are still getting attacked via hacker groups. It seems like cryptocurrency exchanges are vulnerable to cyber attacks and hackers are taking advantages of it. When it comes to hackers crew, no hacker crew has been quite as successful…

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