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Bitcoin price continues to meet resistance at $19,500, a signal that further sideways action in BTC and altcoins is on the cards. Recent news reports suggest that U.S. lawmakers may announce a new round of economic stimulus worth about $908 billion before the end of today. This second package, if announced, will add to the existing debt pile and may send the U.S. dollar index (DXY) lower. The index is already trading near its lowest level since April 2018. The slow economic recovery, expansionary monetary policy, overvalued stocks and negative bond…
Raidenbo, a fast-growing exchange, has emerged as one the most promising places to trade and earn. Raidenbo offers modern technology, hot markets, and short-term trading opportunities around the clock. With Raidenbo, you can experience the thrill of moving markets on an innovative exchange, with fixed levels of risk. We empower you to trade your way. With expertise in technology and trading, the Raidenbo team builds the trading platform with the ultimate goal of seeking solutions that deliver optimum results for all clients. Its progressive approach coupled with the innovation offers…
The Central Board of Direct Taxes (CBDT), the authority in charge of taxation in India, is now gathering information about bitcoin (BTC) trades executed via banks in the state and it’s also monitoring the earnings of traders on KYC-compliant exchanges. Sources close to the matter have hinted that the nation may be making plans to formulate clear cut taxation guidelines for crypto investors. India’s Taxman Gets Serious with Crypto Traders As the price of bitcoin (BTC) and altcoins continue to “moon,” India’s tax agency, the Central Board of Direct Taxes…
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The most popular cryptocurrency is having a moment again. But what’s with the Bitcoin hype right now? It’s been almost 12 years since Satoshi Nakamoto developed the peer-to-peer electronic cash system that brought us Bitcoin. Millions of people have been buying and selling this decentralized cryptocurrency for years now. So why this global hype all of a sudden? As NordikCoin points out, there’s a handful of reasons. Let’s take a look. 1. Bitcoin Is Hovering Around the $20,000 Mark Again Bitcoin hit an all-time high in 2017 when its price…
Digital asset regulation has been a hot topic in 2020 and shows no signs of cooling. A recent G7 meeting concluded that the sector faces an ongoing need for regulation. In addition to talking about COVID-19 and economic issues, the group “also discussed ongoing responses to the evolving landscape of crypto assets and other digital assets and national authorities’ work to prevent their use for malign purposes and illicit activities,” according to a public statement from the U.S Department of the Treasury on Monday: “There is strong support across the…
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io On 1 December, Ethereum 2.0 was officially launched. Let’s figure out what kind of opportunities the Ether will have with the staking launch, can you make money on it and what kind of fines are there for validators. We’ll also discuss how the transition to the POS algorithm could affect the ETH price. What will miners be doing in 2021, will it be possible to get Ether with graphic cards and how long will it last. What other steps does Ethereum have…
Singapore is funding blockchain R&D. Germany’s second-largest stock exchange’s crypto app saw $1.21 billion in trading volumes this year. Grayscale is seeing a growing number of “Ethereum-first” institutional buyers. Top shelf Ethereum investorsThere’s a growing class of institutional buyers interested in gaining exposure to ether, Ethereum’s native currency, at Grayscale, said the firm’s managing director, Michael Sonnenshein. “Over the course of 2020 we are seeing a new group of investors who are Ethereum-first and in some cases Ethereum-only,” Sonnenshein told Bloomberg. “Ethereum has along the same lines of the staying…
We are looking for a tax and accounting expert to manage and facilitate the accurate assessment, preparation and filing of our company’s state and…We are looking for a tax and accounting expert to manage and facilitate the accurate assessment, preparation and filing of our company’s state and…Read More CryptoX Portal