Day: December 18, 2019

India’s Income Tax Department Is Secretly Training Its Officials to Investigate Cryptocurrencies

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The Income Tax Department of India is secretly training its officials to investigate cryptocurrencies. An internal guidebook circulated by the department explains cryptocurrencies, their characteristics, the “dark side of Bitcoin” and the best investigation practices for tax officials. The Indian government doesn’t consider cryptocurrencies as legal tender, but it also hasn’t declared them outright illegal. Crypto investors are therefore still doubtful on how to show their investments in their annual income tax returns. Due to all these circumstances, earning through cryptocurrencies is a gray area for the Indian crypto community.…

Bitcoin (BTC) Bears Remain In Driver’s Seat But Bulls Not Done Yet

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Bitcoin price is extending losses below the $6,800 support area against the US Dollar. A crucial support is waiting on the downside near $6,500 and $6,200. There is a new connecting bearish trend line forming with resistance near $6,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bears are in control, but the bulls might take a strong stand near $6,500 or $6,200. Bitcoin (BTC) price is slowly approaching crucial supports against the US Dollar. BTC bears need to be very careful once the price…

Bitcoin (BTC) Bears Remain In Driver’s Seat But Bulls Not Done Yet

boss

Bitcoin price is extending losses below the $6,800 support area against the US Dollar. A crucial support is waiting on the downside near $6,500 and $6,200. There is a new connecting bearish trend line forming with resistance near $6,740 on the hourly chart of the BTC/USD pair (data feed from Kraken). The bears are in control, but the bulls might take a strong stand near $6,500 or $6,200. Bitcoin (BTC) price is slowly approaching crucial supports against the US Dollar. BTC bears need to be very careful once the price…

Bitcoin And Crypto Market Cap Nosedive: BCH, Litecoin, XTZ, TRX Analysis

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The total crypto market cap is down more than $15.0B in the past three days. Bitcoin price is down around 4% and it even traded close to the $6,500 support. Litecoin (LTC) price is declining and it is now trading well below $40.00. BCH price dived more than 8% and it even broke the $185 support area. Tron (TRX) price was dumped after it broke the $0.01300 support area. Tezos (XTZ) is also down 8% and it is now trading near the $1.5750 support area. The crypto market cap and…

Why Ripple (XRP) Bulls Need To Be Careful After New 2-Year Low?

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Ripple price is diving below $0.1900 and it recently traded to a new 2-year low against the US dollar. It broke a significant support, opening the doors for further losses below $0.1800. There is a key bearish trend line forming with resistance near $0.2100 on the 4-hours chart of the XRP/USD pair (data source from Kraken). BTC and ETH are also sliding and gaining bearish momentum below $7,000 and $130 respectively. Ripple price is now trading below a major multi-month support against the US Dollar. Therefore, XRP bulls need to…

Crypto Remains Unregulated in Russia — Lots of Talk but No Action

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At the end of November, news surfaced that Russian cryptocurrency users, who have been operating in a regulatory gray zone, could soon be at risk as the nation’s financial authorities reportedly join forces to outlaw the use of digital assets as a payment instrument.  Shortly after, the country’s interior ministry confirmed rumors that it was on track to developing a legal framework for confiscating digital assets, which could come into effect as soon as 2021. Finally, the head of Russia’s main financial intelligence agency, the Federal Financial Monitoring Service, has also spoken…

Ethereum & Bitcoin Takes Hit, What Does This Mean For This Bulls?

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Ethereum is down 5% again today and it broke the $130 support area against the US Dollar. The price is now trading near key support levels such as $120 and $122. There is a short term bearish trend line forming with resistance near $126 on the hourly chart of ETH/USD (data feed via Kraken). The price could start a decent recovery towards $130 or even $135 as long as it is above $120. Similarly, bitcoin dived more than 4% and tested the $6,600-$6,500 support area. Ethereum price is trading near…

Crypto-Mining Attacks Fell Sharply in 2019 but Ransomware Is Trending: Kaspersky

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In the cat-and-mouse game between hackers and users, less-lucrative crypto-mining malware fell out of favor this year. While security experts at Kaspersky found that the number of “unique malicious objects” rose by 13.7 percent – led in part by a 187 percent increase in so-called web-skimmer files, malware designed to steal credit card information – the total number of mining malware infections fell drastically. Web-miner infections were down 59 percent year-over-year, from 5,638,828 infected machines to 2,259,038. However, malware like Trojan.Script.Miner.gen, Trojan.BAT.Miner.gen and Trojan.JS.Miner.m are still on the list of…