Day: February 4, 2021

Elon Musk Sets Dogecoin on Fire, DOGE Price Up Over 50%

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Following today’s remarks from Musk, Dogecoin price has rallied by 55%. The world’s richest man is once again talking about crypto. This time about his ‘favorite’ crypto Dogecoin. Elon Musk after bidding goodbye to his followers on Twitter a few days ago is back. More importantly, his return has been marked by a series of tweets about Dogecoin. The tweets on Dogecoin by Musk have since lit the crypto community and sent DOGE price soaring by over 50% in the last few hours. Elon Musk has shier power to move…

US Library of Congress report highlights proof-of-stake tax blindspot

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Republican Rep. Tom Emmer has called for more precise tax guidelines regarding cryptocurrency earnings, after a report he commissioned from the Law Library of Congress showed a stark disparity between regulatory approaches taken by various tax authorities around the world. The 128-page study examines cryptocurrency tax laws in 31 nations, paying particular interest to their applications concerning coins and tokens earned through mining and staking. As the report notes, many countries have already established specific rules for coins earned through mining, but only five have laid down any guidance for…

Bitcoin koers zakt ongenadig hard | Wat nu? | BTC Nieuws vandaag | #308

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io De koersen laten zich niet van hun beste kant zien. Bitcoin en vrijwel elke andere coin zakken hard. Maar zoals ze zeggen: Buy the Dip in elke bullrun 🙂 Abonneer voor het laatste bitcoin nieuws en de koers: 00:00 Intro 01:07 iFinex Inc. vraagt opnieuw uitstel aan 04:50 Aantal BTC nodes op ATH 08:19 Azie marktleider handelsvolume 11:50 Ripple positief over toekomst 14:59 Jack Ma geeft teken van leven; Alibaba leeft op 17:02 Koerrrsen koerrrsen 22:32 Outro —– Meer van BTC Direct?…

Apple and Hyundai-Kia Edging Closer to Apple Car Deal

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Leaders of Hyundai-Kia believe collaboration with Apple will set them on a path to accelerate their own plans of developing autonomous electric vehicles. Apple Inc (NASDAQ: AAPL) and Hyundai-Kia are close to finalizing a deal which will see the two companies manufacture an Apple-branded autonomous electric vehicle. Apple has been flirting with an autonomous electric car idea for years now but recent developments and this latest deal suggests that the company is set to build its own vehicle.  According to reports, no official agreement has been reached yet between the…

Bitcoin and Ether Market Update February 4, 2021

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Total crypto market cap added $112 billion to its value for the period since Monday and now stands at $1,137 billion. The top ten coins are mostly in green for the last 24 hours with Polkadot (DOT) registering 12.4 percent of price increase while Chainlink (LINK) lost 3.1 percent. At the time of writing bitcoin (BTC) is trading at $37,780 on the Bitstamp daily chart, ether (ETH) climbed up to $1,633. BTC/USD Bitcoin closed the trading day on Sunday, January 31 at the weekly support level of $33,105. The coin…

Binance Coin hits all-time highs as BNB surpasses Bitcoin Cash by market cap

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Binance Coin (BNB), the in-house token of cryptocurrency exchange Binance, saw its price hit a new all-time high this week, passing Bitcoin Cash (BCH) by market cap. BNB/USD 1-week candle chart (Binance). Source: TradingView BNB, Binance volume hit records Data from Cointelegraph Markets and TradingView confirmed BNB “flippening” BCH to become the ninth-largest cryptocurrency on Feb. 4. One of a number of altcoins to reach record highs this week, BNB/USD briefly hit $55 on Thursday before correcting to circle levels just below $54.  All time high on system traffic again.…

PayPal to Offer Crypto Payments to 29M Merchants in Q1 2021

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Revealing plans for 2021, PayPal said its “Buy, Hold, and Sell cryptocurrencies” initiative would be expanded to “Venmo and select international markets.” Global online payments company PayPal Holdings Inc (NASDAQ: PYPL) now offers crypto payments for any of its 29 million merchants later in the first quarter of the year. The company is also planning to expand its horizon by extending its “roadmap around crypto, blockchain, and digital currencies.” PayPal Crypto Payments for Merchants PayPal is ready to further explore the crypto space after the company recorded unexpected growth in its limited…

Researchers detect new malware targeting Kubernetes clusters to mine Monero

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Cybersecurity researchers at Unit 42, the intelligence team at Paolo Alto Networks, have published a profile of a new malware campaign that targets Kubernetes clusters and can be used for the purposes of cryptojacking. “Cryptojacking” is an industry term for stealth crypto-mining attacks that work by installing malware that uses a computer’s processing power to mine cryptocurrencies — frequently Monero (XMR) — without the user’s consent or knowledge. A Kubernetes cluster is a set of nodes that are used to run containerized applications across multiple machines and environments, whether virtual, physical…

DB Shares Down 2% Now, Deutsche Bank Reports 1B Euros Profit before Tax in 2020

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The performance of Deutsche Bank in the 2020 fiscal year was driven in part by the growth in the Investment Banking Unit. German multinational investment bank and financial services firm Deutsche Bank AG (NYSE: DB) has posted a better than expected fourth-quarter 2020 earnings report. Per the official report, the firm posted a full-year profit of 1 billion euros profit before tax in the 2020 fiscal year. Amid a restructuring plan that affected the firm’s earnings in the past quarter, the profitability of the firm in 2020 is a testament…