IRS targets bitcoin
Those trading in digital currency in the US will soon be given more guidance on their tax reporting requirements. The Internal Revenue Service (IRS) has agreed to provide more information on this topic following a report from the Government Accountability Office (GAO), which highlighted current confusion surrounding digital currencies and tax. The GAO put the report to the IRS and recommended it find relatively low-cost ways to provide information to taxpayers on the basic tax reporting requirements for virtual currencies. In a response letter to the GAO, Stephen Miller, deputy....
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The XRP price is nearing the final stages of an ABC correction, potentially setting the stage for a strong recovery. According to a crypto analyst, the XRP price may decline further before making a move to the upside. As the final leg unfolds, the altcoin may soon present new price targets for a compelling buying […]
Crypto pundit Investments CEO has provided a bullish case for the Dogecoin price, XRP, and Solana amid this market downtrend. He revealed his price targets for these cryptos, with each target marking a new all-time high (ATH) for them. Dogecoin Price To Hit $1, XRP To $6 And Solana To $1,000 In an X post, Investments CEO predicted that the Dogecoin price will hit $1, while XRP and Solana will reach $6 and $1,000, respectively. These targets would mark a new ATH for the Dogecoin price, XRP, and Solana, whose current highs are $0.74, $3.3, and $294, respectively. Meanwhile, the analyst also....
Yesterday, the Bitcoin price hit target, to the pip, at $465.00 on the Bitstamp chart. Despite good news from many continents that show continued growth in Bitcoin, the price continues to stagnate. As always, Bitcoin's position in the world is constantly changing. Analysis considers the possibilities at mid-month as we go into the weekend. Bitcoin Price Targets. For two weeks running, price has been hitting 1.618 extension targets in an alternating upside-downside pattern. The Bitstamp chart below shows the progression. An interesting feature of the progression is that the targets are....
Bitdefender, a cybersecurity and antivirus company, has detected BHUNT, a new kind of malware that targets cryptocurrency wallets via software installs. The malware works on top of installs of unsecured or cracked software, that already comes packaged with the system to be deployed on desktop environments. Once installed, the software extracts passphrases and seeds from popular wallets.
BHUNT Malware Spotted in the Wild
Bitdefender, a leading cybersecurity firm, has issued a report regarding a new kind of password stealer that focuses on cryptocurrency wallets users have on their....
At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Bitcoin price began descending yesterday, 10 August, with acceleration becoming evident today during the US trading session. At the time of writing, the Bitstamp exchange price has entered a holding pattern around $575. Additional downside seems inevitable, and chart analysis suggests that the current wave down may be the last. However, it may also be the strongest wave of the current decline. Before making a hasty trading decision, be sure to read the analysis below and take note of the likely....