What you should know before buying or selling an NFT in the US
As more and more individuals will seek to create and invest in NFTs, here is what you should know about them. Nonfungible tokens appear to be an idea whose time has come. Originally developed for use with collectible trading-card games, NFTs can represent almost any unique asset. Outside of the gamer context, the first NFT to gain widespread popularity was probably CryptoKitties, which were released back in 2017.Related: CryptoKitties’ Dieter Shirley on breaking Ethereum and NFTsCryptoKitties became so popular that at one time, CryptoKitty trading clogged the Ethereum network, setting....
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Circle, one of the earliest and best-funded startups in the bitcoin industry has announced a curtain call on selling and buying the cryptocurrency. The former bitcoin startup hinted at folding as a bitcoin exchange in a blog late last night. An excerpt from that blog read: [W]e’re making payments more social than ever and diving headfirst into next-gen blockchain technology, rather than the buying and selling of bitcoin itself. While Circle will cease buying and selling of bitcoin, the company will continue to allow customers to hold bitcoin within their registered accounts, as well as....
Australia's leading bitcoin services company, CoinJar, published a blog post on Tuesday noting that a recent tax guidance from the Australian Tax Office (ATO) issued in August will impact the buying and selling of bitcoin on the service. According to the guidance, the supply of bitcoin is taxable for GST - the goods and services tax. What this means for consumers depends on the situation. Here's how CoinJar says it's all expected to play out: Buying bitcoin. As per the guidance, when buying bitcoin is Australia, the GST is applicable. Therefore, any price quoted to the buyer should include....
On-chain analysis shows that retail buying is accelerating while whale supply is declining.
As my readers likely know, Bitcoin price has been marching higher for the past 40 hours or so. $304 provided support to stop the panic selling of a couple days back, and has since propelled the price higher. We now see 'Elliott Waves of 5' pointing upwards. Hence, we now expect the worst of the selling to be over. What's next? Most traders do not yet know the selling is over. They don't trust this rally and are, therefore, not aggressively buying. They are waiting for the other shoe to drop. When the next pullback begins, they will expect that new lows are coming. It is only when the....
Bitcoin buying and selling platform BitQuick took to social media on Wednesday, posting that they have launched a trading platform for the Middle East, allowing enthusiasts in the region to buy and sell bitcoin. While details weren't abundant, BitQuick says they've launched support for six currencies (including the USD), making the buying and selling of the digital currency available in: Jordan, Palestine, Egypt, Lebanon, Kuwait, United Arab Emirates, Qatar and more. BitQuick is one of the few companies in the bitcoin sector to focus their attention on the Middle East at a time when many....