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Record Outflow of BTC Registered on the Crypto Exchanges

Record Outflow of BTC Registered on the Crypto Exchanges

Posted by By Vince Saboti December 14, 2020Posted inBitcoin News
The peak daily outflow of Bitcoins from the cryptocurrency market causes optimism in terms of a further commercial increase in prices for the largest cryptocurrency. Since the beginning of the year, the growth of Bitcoin…
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The IRS Adds Cryptocurrency Clause to the Main Tax Reporting Form

The IRS Adds Cryptocurrency Clause to the Main Tax Reporting Form

Posted by By Vince Saboti December 14, 2020Posted inBitcoin News
The IRS added a clause on cryptocurrencies to the main body of Form 1040. Previously, the question of ownership of crypto assets was in Appendix 1, which not all taxpayers filled out. The IRS…
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Digital Euro Will Have a Negative Impact on Banks in the EU

Digital Euro Will Have a Negative Impact on Banks in the EU

Posted by By Vince Saboti December 11, 2020Posted inBitcoin News
Bank of America analysts warned that if the digital euro is issued and widely adopted, the activities of banks operating in the European Union could be seriously affected. Bank of America analysts said…
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BitPay Payment Service Applies to Create a National Bank in the US

BitPay Payment Service Applies to Create a National Bank in the US

Posted by By Vince Saboti December 11, 2020Posted inBitcoin News
Major cryptocurrency payment operator BitPay has filed an application to the Office of the Comptroller of the United States of America (OCC) to register a national bank in Georgia, USA. It is assumed…
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France May Start Identifying All Crypto Transactions

France May Start Identifying All Crypto Transactions

Posted by By Vince Saboti December 10, 2020Posted inBitcoin News
The French Ministry of Finance is preparing to tighten the requirements for identifying users of cryptocurrency exchanges and begin to regulate trading platforms that do not use fiat currencies. The Block writes about this…
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Bitcoin Sceptic Ray Dalio Has Changed His Mind

Bitcoin Sceptic Ray Dalio Has Changed His Mind

Posted by By Vince Saboti December 10, 2020Posted inBitcoin News
Ray Dalio, founder, and investment director of hedge fund Bridgewater Associates, has changed his mind about cryptocurrencies and called them an interesting investment asset. In a Q&A session on the popular Internet forum…
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Bitcoin Drops 2% as Bull Rally is Put on Hold

Bitcoin Drops 3% as Bull Rally is Put on Hold

Posted by By Vince Saboti December 9, 2020Posted inBitcoin News
Bitcoin has faced pressure by sellers this Wednesday as traditional markets suffered over concerns of a conclusive “no-deal” Brexit. The leading cryptocurrency by market value is traded near $17,884 on Wednesday morning, scoring…
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The G7 Countries Have Noted the Need for Cryptocurrency Regulation

The G7 Countries Have Noted the Need for Cryptocurrency Regulation

Posted by By Vince Saboti December 9, 2020Posted inBitcoin News
The US Treasury Department reported that finance ministers and representatives of the national banks of the G7 countries supported the regulation of cryptocurrencies. In the statement, they were called "an emerging market" that…
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Bitcoin Will Rise in Price to $50,000, Bloomberg Analysts Suggest

Bitcoin Will Rise in Price to $50,000, Bloomberg Analysts Suggest

Posted by By Vince Saboti December 8, 2020Posted inBitcoin News
The fluctuations in the Bitcoin rate can reach $10,000-50,000, and the capitalization of the cryptocurrency can grow up to $1 trillion, Bloomberg analysts write. The experts believe the current consolidation may last for several…
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The German Finance Minister Called Libra a “Wolf in Sheep’s Clothing”

The German Finance Minister Called Libra a “Wolf in Sheep’s Clothing”

Posted by By Vince Saboti December 8, 2020Posted inBitcoin News
The Libra Association may have renamed its product as Diem but that has little to no significance to German Finance Minister Olaf Scholz. As reported by Reuters, Scholz noted in a statement that…
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