May 2021 | Page 39 of 125 | Last Cryptocurrency News Feed

Vitalik Buterin: Crypto is a Bubble But Isn’t a Toy

Buterin, who has had a sizeable chunk of his personal wealth wiped out over the past week, told CNN that he is not concerned about the market crash stating that we have had several of them before. He likened the current situation to a bubble stating that knowing when they will pop is “notoriously hard…

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Crypto Twitter Mocks Elon Musk After He Tried To Bully Michael Saylor

It seems that Elon Musk is not the nice guy on the neighborhood aymore. Instead, people could be getting tired of his tweets —or maybe the losses after the flash crash following his claims that Bitcoin was dangerous for the environment were the last straw for many cryptocurrency enthusiasts who are no longer afraid to…

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Colonial Pipeline Hackers Received $90M Worth of BTC in Ransom Payments

Elliptic (a British blockchain security & analytics company) successfully traced DarkSide’s primary Bitcoin address, which contained over $90M in payments from 47 different victims. Ransomware As a Service – a Twisted Model DarkSide designs, creates and markets ransomware software to be sold to other cybercriminals who are able to locate the best targets. This type…

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Warren Buffet And Charlie Munger Don’t Understand Bitcoin

The two billionaires suffer from the same fiat illusion that keeps them from accepting and understanding a bitcoin standard.Why Do Munger And Buffet Criticize Bitcoin?A breakdown of Berkshire Hathaway’s top-12 portfolio holdings and their high correlation with the existing fiat financial service system.Have you ever noticed people who criticize bitcoin possess one of two key…

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US Investors Will Have to Report Cryptocurrency Transactions Over $10K to the IRS

All transactions above $10,000 now have to be reported to the IRS for documentation and taxation purposes. This comes right after a major market-wide correction which saw the price of bitcoin tumbling down to $30K. IRS Doubles Down The IRS will be expanded with an $80B package aiming to increase their manpower and resources. Individuals…

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Australian Minister Urged Crypto Investors to Be Utterly Cautious

The Australian Financial Services Minister – Jane Hume – warned cryptocurrency investors to beware of the risks in the market. She sounded a note of caution to the public after the prices of most digital assets collapsed significantly yesterday. However, Hume outlined their future importance. ‘They Are Volatile And High-Risk Assets’ Following the recent bloodbath,…

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Interview: Bitcoin In Congress With Warren Davidson

Representative Warren Davidson joined the "Bitcoin Magazine Podcast" to discuss bitcoin, Congress and the "Token Taxonomy Act."Watch This Episode On YouTubeListen To This Episode:AppleSpotifyGoogleLibsynOvercastOn this episode of the “Bitcoin Magazine Podcast,” host Christian Keroles sat down with Congressman Warren Davidson of Ohio! Congressman Davidson burst into the Bitcoin scene in 2019 when, in a congressional…

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U.S. Wants To Require That Large Bitcoin Transactions Are Reported To IRS

A tax enforcement proposal from the Biden administration may compel businesses to report bitcoin transactions exceeding $10,000 to the IRS.A tax enforcement proposal from the Biden administration would compel businesses accepting bitcoin transactions of more than $10,000 to report them to the Internal Revenue Service (IRS).“Cryptocurrency already poses a significant detection problem by facilitating illegal…

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Has Sichuan Power Rationing Impacted The Bitcoin Hash Rate?

After rising electricity demand and low rain, bitcoin mining operations in Sichuan, China have been restricted. How is the network responding?According to local news outlet China Times, the state grid in Sichuan's Aba county issued a notice on May 16 demanding energy-intensive enterprises in the area to temporarily cut down their power consumption, effectively rationing…

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How Does the May 19th Bitcoin Correction Compare to History?

Bitcoin and the rest of the market tanked yesterday. Red was all over the place with double-digit drops across all charts. In BTC’s case, this nosedive came as a continuation of larger retracement that started after the all-time high in April at $65,000. However, how does this correction compare to others? Mid-2021 Correction: What Happened?…