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“# South Korea to delay new tax regime on cryptocurrencies until 2022 ” The South Korean government has officially postponed a new tax regime on cryptocurrency gains until 2022. According to Yonhap on Dec. 1, the planning and finance committee of South Korea’s national assembly passed amendments to the country’s tax laws wherein a new…
“# This metric suggests Bitcoin price can go as high as $590K this bull run ” The current Bitcoin (BTC) bull run could send BTC/USD as high as $590,000, one indicator forecast this week. Curated by on-chain analytics resource Glassnode, the Net Unrealized Profit/Loss (NUPL) index has reached a level that has historically launched the…
“# Ethereum flips Bitcoin’s node count ” Ethereum 2.0 genesis stakers have pushed the total number of Ethereum nodes past the number of Bitcoin nodes for the second time this year. According to Ethernodes.org, 11,259 Ethereum nodes are currently active, giving it a roughly 1% lead over Bitcoin’s 11,136. Ethereum’s node count last surpassed Bitcoin’s…
“# Authorities shut off electricity to Bitcoin miners in China’s Yunnan province ” Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease supplying power to the city’s miners. On Nov. 30, Chinese crypto reporter…
“# 4 key indicators reflect extreme optimism from pro Bitcoin traders ” Most investors that follow Bitcoin will have recently heard about the growing impact Bitcoin (BTC) futures and options markets have on Bitcoin price. The same can be said for the price swings caused by liquidations at OKEx and Huobi exchanges. Considering that derivatives…
“# Price analysis 11/30: BTC, ETH, XRP, BCH, LINK, LTC, ADA, DOT, BNB, XLM ” Bitcoin (BTC) price came within striking distance of hitting a new all-time high today. This shows that institutional and retail investors continue to buy on every dip and BTC is in a strong uptrend. Hence, traders should not urgently looking…
“# Someone just moved $5M in BTC from the 2016 Bitfinex hack ” Back in 2016, 119,756 Bitcoin were stolen from the Bitfinex crypto exchange. Some of these coins have continued to move between wallets over the years, including as recently as Monday. Blockchain data shows that an unknown crypto user has moved 270.97974 Bitcoin…
“# Why Bitcoin price has not hit a new all-time high — Just yet ” The price of Bitcoin (BTC) reached $19,873 on Coinbase on Nov. 30, breaking above $19,000 in a surprising recovery rally. Although many in the cryptocurrency sector a celebrating BTC achieving an all-time high, it has not just yet. On Coinbase,…
“# Gold and Bitcoin eye inflation-adjusted all-time highs… but it’s taken gold 40 years ” Gold bug and Bitcoin (BTC) skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin, a much younger asset, sits close to its inflation-adjusted all-time high, or ATH, after just…
“# ‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high ” Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason. Data from cryptocurrency exchange Kraken shows BTC/USD hit its highest ever price on its order book…