BTC regained above the $19,000 level Wednesday after the Bank of England’s announcement earlier in the day to buy bonds. Original
Is Bitcoin an Inflation Hedge? Investors Are Still Unsure
Tag: Investors
Investors Sell GBP & EURO For Bitcoin (BTC) In Record Numbers Reaching $881M in Volume
Bitcoin trading volumes recorded an all-time high against GBP today on Sep 28th, as GBP fiat currency showed weakness. According to the Strategy adviser of investment giant VanEck, BTC should see increased interest from the G20 countries as a hedge against their own policies. Over the past year, GBP has collapsed by -22% against USDT. Bitcoin trading volumes recently recorded a rapid increase against GBP as fiat currency is threatened, and GBP recorded lows against the dollar. According to Gabor Gurbacks, the Strategy Adviser of Investment Giant Vaneck, the UK…
Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says
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Luna Crypto Investors Failed to Appreciate the Risks, Galaxy Digital’s Novogratz Says
“It was heartbreaking when the whole thing collapsed,” he said. “When a token goes from 20 cents to $100 and you don’t take profit, that’s lunacy.” The problem was a lack of “risk management methodology” for many retail investors who excitedly bought into the token as it was appreciating. Source
Market Wrap: Bitcoin Takes Investors on a Wild Ride
Prices shoot higher intraday on high volume, only to reverse course later in the day. Market Wrap is CoinDesk’s daily newsletter diving into what happened in today’s crypto markets. Original
US Court Authorizes IRS to Issue Summons for Crypto Investors’ Records – Taxes Bitcoin News
The Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S. taxpayers who failed to report and pay taxes on cryptocurrency transactions.” The IRS commissioner commented: “The government’s ability to obtain third-party information on those failing to report their gains from digital assets remains a critical tool in catching tax cheats.” IRS Seeks Crypto Investors’ Records From Bank The U.S. Department of Justice (DOJ) announced Thursday that the Internal Revenue Service (IRS) has obtained a “court order authorizing summons for records relating to U.S.…
LUNC investors react to CZ’s 1.2% trading tax recommendation on Binance
The infamous collapse of the Terra ecosystem, which erased market prices of TerraUSD (UST) and LUNA tokens, continues to trouble anxious investors as co-founder Do Kwon, crypto exchanges and the community together tries to identify the best route for a sustainable price recovery. Most recently, Changpeng ‘CZ’ Zhao, the CEO of crypto exchange Binance, recommended a flat 1.2% trading tax on LUNC trades that could be burned to reduce the token’s total supply and improve its price performance. Addressing the community, CZ stated: “We will implement an opt-in button (on…
Robert Kiyosaki Says End of Fake Money Is Here — Shares 3 Lessons to Help Investors Amid Market Crashes – Featured Bitcoin News
After predicting the biggest crash in world history, Robert Kiyosaki, the famous author of the best-selling book Rich Dad Poor Dad, says the “end is here” for fake money. He reiterated three lessons that will help investors “do well in market crashes.” Robert Kiyosaki on the End of Fake Money The author of Rich Dad Poor Dad, Robert Kiyosaki, shared some of his views and investment lessons in a couple of tweets this week. Rich Dad Poor Dad is a 1997 book co-authored by Kiyosaki and Sharon Lechter. It has…
Lawyers for Celsius investors file motion to have interests represented in court
An international law firm representing groups of Celsius investors has filed a motion to appoint a committee to represent their interests in the crypto lending firm’s bankruptcy case. In a Thursday filing with the U.S. Bankruptcy Court in the Southern District of New York, lawyers with the law firm Milbank requested the appointment of an “Official Preferred Equity Committee” to represent certain Celsius shareholders. According to the filing, the equity holders “urgently require their own fiduciary” for representation in court alongside Celsius debtors and an Unsecured Creditors Committee, or UCC.…
What Ethereum Can Bring On The Table For ETH Investors In Q4
As expected, Ethereum has been doing poorly since the much-touted Merge event. This was a groundbreaking moment for the crypto industry. Although the Merge was anticipated to boost investor confidence, it occurred at the worst possible time. The Merge took place at an interesting point in crypto history. The update went up on September 15—just two days after the United States CPI data was made public. There was a widespread selloff in the stock markets because of the Federal Reserve’s interest rate increase, reporting its annual inflation rate hike of 0.1%,…