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CFTC Wants to Know More About Ethereum: Are ETH Futures on the Horizon?

December 13th, 2018

The United States Commodity Futures Trading Commission (CFTC) wants to know more about other cryptocurrencies apart from Bitcoin, starting with Ethereum. The Commission has issued an official Request for Input (RFI) on the matter. Request for Input: Ethereum In a press release published on Tuesday (December 11, 2018), the Commission expressed its desire to become…

Crypto Accounting Firm Predicts Massive Loss Claims in IRS Tax Filings for 2019

December 6th, 2018

With more people rushing into the cryptocurrency market since late 2017 and the subsequent year-long bear market in 2018, one accounting envisages a barrage of loss claims in cryptocurrency and Bitcoin tax filings next year. Record Loss Claims in Cryptocurrency Tax Filings In a press release by NODE40 – a cryptocurrency accounting firm, the company…

New Data Shows Grayscale Fund Quietly Buying Bitcoin – Now Controls 1% of Supply

December 5th, 2018

Grayscale investors and a few Ethereum whales have reportedly been accumulating more Bitcoin and Ethereum as the price is at yearly lows. Grayscale Has 1%  of Bitcoin Circulating Supply While 2018 continues to be a challenging year for cryptocurrencies, some big-money players are taking advantage of lower prices to increase their virtual currency holdings. According to…

It’s Now Easier (And More Profitable) to Mine Bitcoin After Difficulty Drop

December 4th, 2018

As Bitcoin mining hash rate has decreased amid lower prices, the mining difficulty has adjusted by design, making it easier to mine bitcoin.  Bitcoin mining difficulty adjusts to lower price For most of 2018, while the bear market persisted, mining hash rate and difficulty for Bitcoin continued to increase. Now it appears that the mining…

HBUS Launches First Ever Cryptocurrency Billboard Campaign in the US

December 2nd, 2018

HBUS has launched a cryptocurrency-themed billboard campaign to sensitize people about the emerging virtual asset class. The company which is the exclusive U.S. partner of cryptocurrency exchange giant, Huobi, says it is the first caqmpaign of its kind in the United States. “Evolved Crypto Trading” Billboard Campaign Titled “Evolved Crypto Trading,” the billboards are located…

Bitcoin 51% Attack is Unrealistic, New Study Concludes

November 27th, 2018

A Bitcoin 51% attack would be futile for attackers as it would require “significant expenditure” and “little financial returns,” according to a new study, which concluded that Bitcoin is secure. Bitcoin 51% Attack Requires ‘Significant Expenditure’ Professor Saravanan Vijayakumaran, an Associate Professor of the Department of Electrical Engineering at the Indian Institute of Technology (IIT) Bombay…

Bitcoin Fundamentals Haven’t Changed, Says Anthony Pompliano

November 25th, 2018

Bitcoin isn’t dead, says Anthony Pompliano, despite the current massive cryptocurrency price plummet. The Morgan Creek Digital Partner believes emphasis should be on fundamentals (which haven’t changed), rather than price. Market Fundamentals Trump Price Action Speaking to CNN on Friday (November 23, 2018), Pompliano declared that Bitcoin’s current price 00 didn’t significantly alter the historical…

Bitcoin Will Be the Amazon of Cryptocurrency, Says VC Advisor

November 22nd, 2018

If the present cryptocurrency price drop is akin to the dot-com crash of 2000, then Lou Kerner believes Bitcoin will be the Amazon of the cryptocurrency era. The top-ranked virtual currency is currently down 77 percent from its mid-December all-time high. ‘Hodlers’ Gain Rewards Every Couple of Years Speaking recently to CNBC, the CryptoOracle partner…

Bakkt: ‘Bitcoin’s Profile Creates a Liquid Product on Which to Build’

November 21st, 2018

Bakkt says Bitcoin’s status as a commodity, as well as its high customer demand, are the primary reasons for choosing to begin its cryptocurrency futures trading with Bitcoin. Meanwhile, the platform recently postponed the launch of its BTC futures contract to January 2019. Bitcoin is King In a tweet published on Wednesday (November 21, 2018),…

Gigantic Opportunities Abound in Bitcoin, Says Spencer Bogart of Blockchain Capital

November 21st, 2018

Even with the current price plummet in the cryptocurrency market, Spencer Bogart believes enormous opportunities abound in Bitcoin. Bogart, who is a partner at Blockchain Capital also predicts a time of greater correlation between virtual currency assets and traditional tech stocks. Bitcoin Will Remain Number One Speaking to Bloomberg on Tuesday, Bogart declared that, notwithstanding…