Day: February 7, 2021

Crypto in the Philippines Part 2 – Cointelegraph Magazine

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Widespread high-level English language skills and relatively low wages have seen Filipino workers become a top choice for remote staff for blockchain projects around the world. But is the industry exploiting these workers, or has remote work during the pandemic helped the country to grow and develop? If you’ve ever contacted customer support for a crypto exchange, the chances are high you’ve chatted with a Filipino staff member. They’re highly prized by crypto projects for strong English language skills, friendly and polite demeanors — and let’s be honest: dirt cheap…

Retail Crypto Adoption Advances Amid Pandemic as Acceptance and Fungibility Broaden Value – Op-Ed Bitcoin News

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While the rise in cryptocurrencies over the last year has been the source of excitement among advocates and consternation for its detractors, a look at prices alone hides the real value being unlocked within the ecosystem. Cryptocurrency’s Real Value Lies in its Use, Not Speculation With the pandemic weighing on the global economic outlook and confidence in legacy frameworks ebbing near an all-time low, crypto fills the void among investors, consumers, and merchants alike. While easy to look at the significant rise in crypto valuations as the harbinger of times…

Bitcoin (BTC) Futures Open Interest Hits $14B for the First Time

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Summary: Bitcoin’s aggregated open interest has hit a new high of $14B Bitcoin has just set a local high of $40,960 – Binance rate The King of Crypto has printed what looks like an ascending triangle A resolution of the triangle to the upside could result in new highs for Bitcoin in February However, selling by miners in preparation for the Chinese New Year could slow down BTC’s progression higher The total, or global, Bitcoin futures open interest has just reached a new all-time high of $14 Billion. This milestone…

🔥BITCOIN & ETHEREUM🔥 ARE DROPPING, WHERE IS THE BOTTOM?!!? [how to trade it now]

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bitcoin [BTC] and Ethereum [ETH] have fallen and will it get back up? We are looking at the Bitcoin [BTC] and Ethereum [ETH] charts to see where the bottom is and will we see new All-Time Highs again? Bitcoin is a digital crypto and global money system currency. I talk about technical analysis of Bitcoin(BTC), Ethereum(ETH), and crypto and how I make money trading BTC. Bitcoin allows people to send or receive money across the internet, without a third party. I talk…

Circling back to blockchain’s originally intended purpose: Timestamping

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What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the foundation for the cryptocurrency.  Since 2008, blockchain technology has expanded well beyond cryptocurrency usage and is now being applied in a variety of use cases from healthcare to finance to green tech and more. But blockchain tech didn’t start with Satoshi’s white paper. It was…

OS PRESENTO NUESTRA RED SOCIAL DESCENTRALIZADA EN BLOCKCHAIN | WOONKLY | CLUB EMPRENDEDORES

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Ethereum Starts Corrective Decrease, Why ETH Remains Attractive Near $1,500

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Ethereum traded to a new all-time high near $1,750 before correcting lower against the US Dollar. ETH price is likely to find a strong support near $1,500. ETH price traded to a new all-time high at $1,750 before it corrected lower against the US Dollar. The price is trading below $1,650, but it is well above the 100 simple moving average (4-hours). There was a break below a major contracting triangle with support near $1,660 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could revisit the…

Why Bitcoin Price Remains At Risk of A Fresh Drop To $36K

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Bitcoin price surged above the $0,000 level before started a downside correction against the US Dollar. BTC is now testing a major support at $38,600, below which it could decline to $36,000. Bitcoin climbed above the $38,000 resistance, but it struggled to stay above $40,000. The price is trading near the $38,600 support, but it is well above the 100 simple moving average (4-hours). There is a key bullish trend line forming with support near $38,650 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). The pair…

Coinbase to Issue 1099-MISC Tax Forms, Making Cryptocurrency Tax Reporting Easier for Users

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▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Coinbase announced that it will begin issuing form 1099-MISC to certain users for the 2020 tax year, replacing the old 1099-K forms that have created major tax headaches for investors. This is great news for users of the largest cryptocurrency exchange in the US. To read about it on our blog, click here: Form 1099-K for cryptocurrency investors tends to lead to large and incorrect tax bills from the IRS. Thousands of investors have received an IRS CP2000 notice claiming they owe…