Breathe ... bitcoin's just currency
The idea of bitcoin has a lot to recommend it. In particular, a global currency that requires few or no middlemen (thus keeping transaction costs low) has special appeal in a world where it seems like every bank and credit-card company is looking for yet another way to squeeze a few bucks or quid in "service fees" from customers who don't notice a lot of, you know, service. But it would be wise for even the most fanatical bitcoin devotee to remember this: bitcoin is still just a human invention. A highly clever and useful one, no doubt ... but still susceptible to all the human foibles and....
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Bitcoin has been caught within one of the strongest and longest-lasting uptrends seen since late-2017, with the cryptocurrency rallying to highs of $15,300 today while showing few signs of slowing down anytime soon. This uptrend’s intensity comes as the global markets breathe a sigh of relief as the elections in the U.S. begin winding down. […]
The US Internal Revenue Service (IRS) has unveiled the early draft of a tax form for reporting income from cryptocurrency transactions. The newly released Form 1099-DA, tagged as “Digital Asset Proceeds from Broker Transactions,” is currently open to comments from relevant stakeholders in anticipation of its final version by the IRS. Related Reading: Breathe Easy, […]
Apple users and bitcoiners can now breathe a little easier. Six months after Apple removed the Blockchain wallet app from the App Store, Blockchain is back. The company made the announcement this morning, just days after the release of a completely revamped Blockchain Android app, which was initially unveiled at the North American Bitcoin Conference in Chicago. When the original iOS app was banned by Apple in January there were over 1,000 news stories that covered the development. Apple seems to have gotten the idea. Although Apple has not directly stated their support of Bitcoin and other....
Litecoin bulls have extended their resting period and wait for market triggers to prompt the next leg of this rally. In the past 24 hours, the virtual currency has traded in a very narrow band of $1.790-1.834 as bears fail to exert enough pressure to bother the comfortably placed bulls. Litecoin was last trading up 0.7% at $1.814. Technical analysis of the 240-minute Litecoin/Dollar chart reveals that the current price level is in close proximity to a support level, and any failure to hold that may result in a swift decline in the valuation. Litecoin Price Chart - In its present....