Was Ether's Loss Bitcoin's Gain? Traders Wonder After Wild Week
The price of bitcoin appreciated nearly 4% for the week ending 27th May, but the figure is perhaps not indicative of the wild trading action the market saw during the period. Such movements came as market observers are becoming more interested in the relationship between bitcoin, the token supporting the world's longest-running blockchain, and ether, the token for the Ethereum platform. Bitcoin's gains, for example, came as ether prices plunged sharply, but it made this climb amid modest trading volumes. By contrast, ether enjoyed robust transaction activity, a sign that points to a....
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The Hong Kong-based exchange announced today that it is considering making all of its bitcoin traders pay the price after the theft of $68 million worth of bitcoin, earlier this week. In a Bitfinex blog post it said that the company was expecting to ‘socialize’ the loss among its bitcoin users even those who weren’t originally affected. The blog said: We are still working out the details so nothing is set in stone, however we are leaning towards a socialized loss scenario among bitcoin balances and active loans to BTCUSD positions. The theft of the 119,756 bitcoins means that this is the....
Bitcoin could retest the lows of its current range as its price trends to the downside. At the time of writing, BTC’s trades at $32,277 with a 2.3% loss in the daily chart. Investors and traders wonder if these levels will hold as bulls seem to lack conviction in lower timeframes. Trader Josh Rager highlighted […]
Ethereum's EIP-1559 upgrade is fast approaching, but derivatives data shows traders are less than optimistic about ETH's short-term prospects. Derivatives data shows that Ether (ETH) traders are feeling less bullish when compared to Bitcoin (BTC). Even though the altcoin captured a nearly 200% gain in the first half of 2021 versus Bitcoin's modest 22% price increase, traders seem to be more affected by Ether's recent underperformance.Institutional flow also backs the decreased optimism seen in Ether derivatives, as ETH investment vehicles suffered record outflows this past week while....
CTIF_Blurred. Bitcoin needs legal certainty. Bitcoin's fate in Europe is uncertain. The Wild Wild West days of Bitcoin are coming to an end in Europe. Regulation and taxes are looming and this is not necessarily a bad thing. Here's the catch: Some European countries have not yet decided what to do at a national level, let alone at an EU level. Entrepreneurs and private individuals are left in the dark be it for complying with the law when setting up a business or filing their tax forms. Finland and Norway want to treat Bitcoin as an asset with capital gain tax. Denmark's watchdog....
The government intends to treat each crypto trading pair transaction separately, deterring traders as the gov't would only tax their profits without accounting for the losses. Indian crypto tax policy became even more complicated just a week before the new tax laws are set to come into effect. A new parliamentary note answering queries about the new tax policies on virtual digital asset (VDA) suggest that traders can’t offset their losses from one digital asset against profit on another.As the new tax policy waits for April 1 to come into effect, many experts claim the latest clarification....