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“# Finally, a good reason to sell Bitcoin: Hodler liquidates to pay off parents’ mortgage ” Reddit’s r/Bitcoin community continues to pull on our heartstrings. On Thursday, a user by the name of “u/Bigtony96” claimed to have sold their entire Bitcoin (BTC) stash to pay off their parents’ mortgage. The Redditor supposedly unloaded a total…
“# Altcoins and stocks move higher after Bitcoin price rally to $40,000 ” The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. BTC/USDT 4-hour chart. Source: TradingView.com The $40,000 barrier marks a significant milestone for the top-ranked…
“# Novogratz predicts young people will buy Bitcoin with their stimulus checks ” Amid a long battle over whether or not United States citizens will get their $2,000 stimulus checks to help them to weather the economic repercussions of the COVID-19 pandemic, Mike Novogratz has weighed in on what the news could mean for the…
“# US crypto firms invest in tax solutions as IRS updates reporting forms ” United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season published online suggests that the agency will now require anyone who was…
“# UK crypto community reacts as FCA derivatives ban goes into effect ” On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 following a year-long consideration of the matter. At the time,…
“# Report: Major gaming conglomerate Nixon prepares to acquire Bithumb ” After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms. South Korean media reported on Jan. 7 that Nexon, a multi-billion dollar gaming conglomerate, has…
“# ETH en route to overtake its 2018 ATH as Bitcoin breaks $37K ” Bullish fervor surrounding Ethereum (ETH) intensified on Wednesday, as the second-largest cryptocurrency broke above $1,200 for the first time in three years. The gains were largely driven by a confluence of fundamental factors, including Bitcoin’s parabolic rally, the anticipation of ETH…
“# Cardano’s market cap flips Bitcoin Cash (BCH) after ADA rallies by 100% ” The price of Cardano (ADA) rose more than 100% in the past week as it overtook Bitcoin Cash (BCH) to become the world’s sixth-largest cryptocurrency by market capitalization. There are two major factors behind ADA’s strong upsurge throughout the past several…
“# Crypto market cap breaks $1 trillion following jaw-dropping rally ” The total cryptocurrency market capitalization — a major bellwether for the overall health of the digital asset class — broke $1 trillion for the first time ever at 19:00 ET on Tuesday January 6th. Bitcoin briefly topped $37,000 around the same time, marking a…
“# Dip-buying bulls push Bitcoin price to a new all-time high at $36,574 ” Bitcoin’s (BTC) parabolic rally intensified on Wednesday, as the price broke above $36,000 for the first time, sending a strong signal that the bull market still has further room to grow. The flagship cryptocurrency peaked at $36,574.47 on Bitstamp, easily surpassing…