Day: February 23, 2022

4 Crypto Tax Myths You Need to Know

Because of this public transparency, it is very easy for the IRS to link “anonymous” wallets to people. This is because at the beginning of nearly every person’s transaction history is an on-ramp via know-your-customer (KYC) rules that exchanges like Coinbase are required to follow. These exchanges are required to report customers’ activity to the IRS, which gives the agency information about users. From this on-ramp, if the assets are sent to a decentralized wallet provider or non KYC’d exchange, the IRS can follow these transactions and easily associate each…

Crypto Exchange Giant FTX Launching New Gaming Division, According to Recent Job Posts

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The US subsidiary of a global cryptocurrency exchange is deepening its efforts in the blockchain gaming industry, as newly posted job openings reveal. According to two job announcements, FTX US has software engineering positions open at its FTX Gaming division. The crypto exchange says that in one of the software engineering roles, the successful candidate will work with the crypto exchange’s partner game studios to “improve their current features and implement new ones, as well as working on blockchain integration.” In the second software engineering role, the selected prospect will…

Price analysis 2/23: BTC, ETH, BNB, XRP, ADA, SOL, AVAX, LUNA, DOGE, DOT

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BTC and altcoins flashed a few bullish signals today, but traders say $38,000 is still the level Bitcoin needs to close above before a reversal can begin. Bitcoin (BTC) and several altcoins have bounced off their immediate support levels after buyers attempted to arrest the current decline. Bloomberg Senior Commodity Strategist Mike McGlone highlighted in a recent Tweet that Bitcoin was trading roughly 20% below its 50-week moving average and such discounted levels have “often resulted in good price support.” The bearish price action of the past few days does…

⚠️ BITCOIN WILL DROP ANOTHER -50% in 2022!!!!!?⚠️Crypto Price Analysis TA/ Cryptocurrency News Today

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Canada, Russia and Crypto’s Place in the World

Among the most severe tools in the U.S. and NATO’s arsenal would be cutting Russia off from SWIFT, the financial communications network underpinning transactions worldwide. Over the past few years, we’ve been hearing more and more that some countries – namely, Russia and China – are looking to either create or work with a financial system independent of the U.S. Source

Bitcoin Correlation With S&P 500 Hits ATH

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Data shows the Bitcoin correlation with S&P 500, and hence the stock market, has now set a new all-time high (ATH). Bitcoin Correlation With S&P 500 Reaches New High As pointed out by an analyst in a CryptoQuant post, the BTC correlation with the stock market is currently at an all-time high, further damaging the “safe haven” narrative. The “Bitcoin correlation with S&P 500” is an indicator that measures how strongly the price of BTC reacts to volatility in S&P 500, as well as the direction of the response. When…

Finder’s Experts Predict Dogecoin Will Reach $0.16 This Year, Panelist Says ‘Luster Will Wear Off as Meme Coins Lack True Utility’ – Markets and Prices Bitcoin News

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Panelists from the product comparison platform Finder’s dogecoin price prediction report say that the popular meme-based cryptocurrency will reach $0.163 per unit in 2022. Finder’s recent poll concerning dogecoin’s forecasted price leverages 33 experts and by 2025, the panelists say dogecoin is expected to reach $0.316 per unit. Finder’s Dogecoin Prediction Report Shows a Lower Forecast Than the Panel’s Prediction in July 2021 The product comparison website finder.com published a new prediction report concerning the meme-based crypto-asset dogecoin (DOGE). The web portal has published a myriad of prediction reports in…