Month: May 2019

Monfex’s Analyst offers more support for a Bitcoin bull market                                    According to its TradingView profile, trading platform Monfex is echoing the general market sentiment by offering a strong buy signal for Bitcoin. Bitcoin is currently just below $8k USD, down from a 30 day high of $8,300 USD on May 16, 2019. Bitcoin […]

XRP Likely to Outperform Bitcoin, There are 50x More in Circulation Than BTC.                                   Bitcoin has been the King of cryptocurrency since it started trading from a few dollars to now thousands of dollars. Experts who have done comprehensive forecast on the performance of all the digital assets believe Ripple XRP will be the future […]

Bitcoin Is Taxable, BTC Is an Asset not a Currency – Israeli’s Court Rules to Favour Tax Authority        Bitcoin (BTC)’s  acceptance as real currencies confront stern challenges on daily basis. A court in Israel has ruled in favour of the country’s Tax Authority, taking Bitcoin as an asset, but not a currency. Lod’s Central […]

Bank of China Council Member: Owning Bitcoin Is Still Legal in China                                  Sa Xiao, Council Member at the Bank of China Law Research Association, was reported as saying that holding Bitcoin in China is still legal. Xiao added that in addition to that, trading Bitcoin amongst individuals remains legal in the […]

Bibox Europe Gives Coinbase Competition; Offers Fiat On-Ramp for Traditional Investors After Equity Backing from Top Bank Bibox Europe (Bibox EU) secured full regulatory compliance, allowing it to offer cryptocurrency offerings linked to the world of traditional finance.                                  Bibox EU is making forays into linking digital assets with the world of […]

Internal Revenue Service is All Set to Release Crypto Tax Guidelines                                  The Internal Revenue Service recently announced that it would be fixing the new guidelines for tax on crypto. Because the IRS identifies crypto as property and not currency, it is because it is taxable to purchase and sell crypto. Consequently, tax rules which […]

Peer-To-Peer Pressure: Risks vs. Reward and a Changing Regulatory Landscape                                  Peer to peer lending also known as P2P is not a new phenomenon. People have always turned to their friends and family for financial assistance when caught between a rock and a hard place. It was either that or the cutthroat pawnshop owner or […]

Litecoin (LTC) Price Analysis and Prediction 2019 – Hanging Around, Doing Nothing, Waiting For Bitcoin Move                                    4H LTCBTC LTC is resting Fib618 level at 0.0114BTC, right below an intersection of EMA20 and MA50 after it got rejected at Fib50 (December lows – April high) at 0.0129 BTC. LTC is right at […]

Just 376 People Found to Own a Third of All Ether Cryptocurrency                                        New study says so-called whales don’t move Ether prices much Bitcoin price found to be good indicator of where Ether trades Just 376 people hold a third of all Ether, the cryptocurrency that powers the Ethereum blockchain, according to new […]