Day: September 2, 2019

Bitcoin Price Shoots for $10K as Markets Hold Breath for Breakout

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Monday, Sept. 2 — Bitcoin (BTC) was fighting resistance close to $10,000 as fresh energy appeared to flow into markets.  Market visualization. Source: Coin360 Bitcoin attempts to crack $10,000 barrier Data from Coin360 showed BTC/USD was up 2.25% on Monday — climbing through $9,800 to challenge a ceiling it failed to break the day before.  At publishing time, the pair traded at just below the $9,800 mark, having hit $9,840 before rejecting further gains in the short term.  Bitcoin 7-day price chart. Source: Coin360 The moves nonetheless countered the downward pressure that…

Manny Pacquiao KOs Mayweather in Launching his Own Cryptocurrency – CCN Markets

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Filipino boxing icon Manny Pacquiao performs during a free concert to coincide with the launching of his own cryptocurrency “Pac Token” at a sports centre in Manila. | Source: Photo by MARIA TAN / AFP By CCN Markets: Philippine boxer Manny Pacquiao has unveiled his own self-branded cryptocurrency known as ‘Pac’, Reuters reports. The Pac token will be available on Singapore’s Global Crypto Offering Exchange (GCOX). Plans to launch the cryptocurrency were initially announced last year in March. The Pac cryptocurrency will basically be a utility token and will be…

Which Tax Mistakes Are Better Not to Commit

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Willful and non-willful tax flubs are different. Taxes are complex, and innocent tax mistakes can often be forgiven — maybe with no penalty. Even if there is a penalty, non-willful is vastly lower than willful. In a criminal tax case, this fundamental dichotomy can mean the difference between innocence or guilt, freedom or incarceration. But penalties in civil cases can be plenty bad — and most tax cases are civil — and to the United States Internal Revenue Service, bad intent may not be bad at all.  With crypto, the…

US Has Become Hostile Towards Crypto

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Venture capital stalwart Andreessen Horowitz has been upping the ante in the crypto combat with US regulators. The firm aims to temper Washington’s somewhat harsh stance on the digital asset industry that could be holding the US back. Andreessen Horowitz Battles For Crypto The primary aim from the investment firm is to advance its latest bet on futuristic technology according to the WSJ. The firm hosted officials from the Treasury Department and Washington’s regulatory agencies in May at an event to woo them over to crypto. Marc Andreessen began by…

From NFL Superstar to Bitcoin Educator in 2 Years

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NFL star and left tackle for the Los Angeles Chargers Russell Okung has hosted a Bitcoin (BTC) conference to boost knowledge and adoption of the cryptocurrency. Speakers at the event, hosted in Los Angeles on Sept. 1, included Bitcoin developer Jimmy Song, Morgan Creek Digital Assets co-founder Anthony Pompliano, eToro analyst Mati Greenspan and crypto podcaster Peter McCormack. A 2017-esque embrace? Some Twitter commentators have responded with barbed scepticism to Okung’s swift conversion into a cryptocurrency advocate: one characterizing it as “the most 2017 thing” in reference to the hype…

Bakkt Will Launch in Less Than a Month, What Does this Mean for Bitcoin?

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The Bakkt launch is one of the most anticipated and talked about in the sector currently. We take a look at whether or not this means anything for Bitcoin at all. It’s less than a month until Bakkt officially launches its Bakkt Warehouse. From Friday, the 6th of September, interested users will have access to the Bakkt Warehouse for depositing physically-settled futures contracts beginning in the U.S. Bakkt, which was initially announced more than a year ago, has had a rough time since then, facing regulatory issues which prevented it…

ECB’s Yves Mersch Warns Libra Cryptocurrency Is ‘Facebook’s Siren Call’

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Yves Mersch, European Central Bank’s key legal official, said that Facebook’s Libra stablecoin is “beguiling but treacherous” during a speech at the ECB’s legal conference in Frankfurt on Monday. Bloomberg reported on Mersch’s remarks in an article published on Sept. 2. Per the report, he said that private currencies have little or no prospect of establishing themselves as viable alternatives to centrally-issued legal tenders. Mersch: Only central banks can be trusted He believes that only independent central banks can grant sufficient institutional banking to make a currency reliable and win…

Craig Wright Set to Question Verdict Against Him in $10 Billion Lawsuit

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Craig Wright asked for 14-days deadline extension on the ruling judge Bruce Reinhart gave by ordering Wright to surrender more than $4 billion worth of cryptocurrency in favor of Kleiman’s estate. Right after last week, we thought (better say hoped) that “Craig Wright is (not) Satoshi Nakamoto” saga is over – he (again) proved us wrong. Self-called Bitcoin originator Craig Wright apparently decided to question the recent verdict against him in the $10 billion lawsuit filed by the estate of Dave Kleiman. Just for a reminder, Ira Kleiman, brother of…

Major Bitcoin Exchange in Thailand Shuts Down

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Bitcoin Co. Ltd. says it will be shutting down its cryptocurrency exchange service in a shock move for a country that is seeing increasing levels of crypto commerce. There is no word yet on the reasons behind the decision but the company reportedly plans to pivot towards other business areas. Bitcoin Co. Ltd. Shutters Abruptly In a statement published on its website, the operators of the BX.in.th Bitcoin exchange platform announced plans to shutter its services. According to the statement, the crypto bourse will end all trading activities by September…

Bitcoin.com’s Premier Cryptocurrency Exchange Is Now Live

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We’ve just launched our premier trading platform exchange.Bitcoin.com and registered users can access it right now. Since we announced pre-registration last month, over 10,000 accounts have signed up with our exchange and the platform is ready to provide a world-class trading experience for crypto newcomers and veterans alike. Also Read: Check Out the New Featured Tokens on Bitcoin.com’s Markets Page Trade Your Favorite Cryptos Today With Bitcoin.com’s New Exchange Exchange.Bitcoin.com is live and we’re thrilled to launch a trading engine that provides fast and secure exchange in this competitive crypto…