Coinbase Expands Into Cross-Border Payments

American major cryptocurrency exchange Coinbase has expanded into cross-border payments. Coinbase revealed the development in an announcement on March 28. Coinbase customers can now transfer funds to any user with a Coinbase account around the world using Ripple (XRP) and the exchange’s stablecoin USDCoin (USDC) with no fee. The development reportedly enables users to send and receive money instantly, as well as convert them into local currency. March saw several new developments at Coinbase, including a service linking user accounts on its main platform to its Coinbase Wallet app, and…

How Crypto Is Taxed in the US: A Taxpayer’s Dilemma

Last year was a bear market for cryptocurrencies. Many investors who did not know how to hedge their cryptocurrency investments saw these investments lose value from the market highs of 2017. Facing the deadline to report their taxes by April 15, 2019, United States individual taxpayers may wonder what their United States tax reporting obligations are if they held, donated or sold/exchanged their cryptocurrencies at a loss during 2018. A taxpayer’s dilemma Let’s imagine a potential 2019 taxpayer sitting in front of his tax advisor and feeling embarrassed to tell…

Alt Season? Over 100 Crypto Assets Outperform Bitcoin in Q1 Surge

The first quarter of 2019 was a breath of fresh air for the cryptocurrency market, having recorded its first quarterly increase in overall network valuations since the fourth quarter of 2017. Interestingly, however, bitcoin is among the least significant price gainers so far this year while still flashing a noteworthy Q1 increase of 10 percent. What this means is that a sizable portion of the market’s recent growth came from the many other cryptocurrencies trading on exchanges today.  In fact, data from analytics provider Messari reveals that 118 cryptos increased…

Everyone’s Favorite Crypto Joke Rallied 20% on April Fools’

Is Dogecoin (DOGE) playing an April Fools’ prank on the cryptocurrency community? Its April 1 price chart suggests that it is. The “joke currency” today surged to $0.002499, up more than 20 percent for the day. Dogecoin Price Sees Classic April Fools’ Pump Earlier in March, DOGE was trending sideways, going nowhere below $0.001967 and nowhere above $0.002151. The April Fools’ jump was too quick for comfort – technically, it looked like a big breakout – which added almost $49 million to Dogecoin’s market in just seven hours. DOGECOIN GOES…

Everyone’s Favorite Crypto Joke Rallied 20% on April Fools’

Is Dogecoin (DOGE) playing an April Fools’ prank on the cryptocurrency community? Its April 1 price chart suggests that it is. The “joke currency” today surged to $0.002499, up more than 20 percent for the day. Dogecoin Price Sees Classic April Fools’ Pump Earlier in March, DOGE was trending sideways, going nowhere below $0.001967 and nowhere above $0.002151. The April Fools’ jump was too quick for comfort – technically, it looked like a big breakout – which added almost $49 million to Dogecoin’s market in just seven hours. DOGECOIN GOES…

Bibox Crypto Exchange Rolls Out Blockchain Project Incubator

Leading cryptocurrency exchange Bibox is launching an incubator for blockchain projects called Bibox Orbit, according to an announcement published on March 30. Estonia-based Bibox —  the ninth largest cryptocurrency exchange in terms of adjusted trading volume — has revealed that it is rolling out Bibox Orbit, an incubator for blockchain projects. The announcement does not specify the exact date of the project launch and only says that “it is aimed to provide the best growing environment for high potential blockchain projects and assist them with ecological construction and long-term development.”…

Swiss FinTech Sector Grows, While Traditional Banks Decline

A new study shows that the fintech sector in Switzerland continues to grow, while traditional financial institutions are stagnating. The report was published by SwissBanking on April 1. The report dubbed “IFZ FinTech Study 2019” was prepared by the Lucerne University of Applied Studies with an aim to show developments in the fintech industry in 2018 and analyze how banks position themselves vis-avis the fintech industry. Per the report, the Swiss fintech sector showed significant growth in 2018. With 356 active companies by the end of the year, the industry…

Tether Daily Transaction Volume Hits All-Time High

Tether (USDT), the most used fiat-pegged stablecoin, has hit an all-time high by the number of daily transactions, according to blockchain data provider Coin Metrics. On March 31, the amount of Tether transactions hit a high of 38,150, representing a new milestone in the adoption of the major stablecoin launched in 2015. All-time transaction volume of Tether. Source: Coin Metrics At press time, Tether is ranked the second top cryptocurrency by daily trading volume at $9.4 billion, while Bitcoin’s (BTC) daily trading volume amounts to $10.2 billion, according to data…

Bitcoin Price | Crypto Market Top Ten Green

Where Bitcoin (BTC) goes, the rest of the crypto market tends to follow. And with the top ten in green, it stands to reason that Bitcoin price is also faring nicely. In fact, BTC price as of late has been giving investors food for thought. The first three months of 2019 have seen the coin make double-digit gains and this marks its best quarterly performance since Q4 2017. While 2018 saw the coin hit all-time-lows, 2019 has surprised somewhat. Bitcoin Price Today, Bitcoin price is up 1.29% and selling for…

Social Media Companies Join the Crypto World

The cult of cryptocurrencies is rising with each passing day. But to understand the reason behind this, it is quintessential to know what exactly is cryptocurrency? Cryptocurrencies are digital currencies set up by groups of individuals and secured using cryptography. It is basically a form of digital ledger. Usually, cryptocurrencies are based on the technology called blockchain. A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography. Each block contains a cryptographic hash of the previous block, a timestamp, and transaction data.…