Bitcoin Awaits Decisive Move as Price Range Tightens

news The U.S. Internal Revenue Service (IRS) is sending another round of warning letters to cryptocurrency users, this time to taxpayers it believes to have misreported income from exchange transactions. In addition to the three letters sent last month to crypto traders advising them they may have incorrectly filed their taxes, the IRS is now…

markets View Bitcoin tanked by $1,702 early on Friday, the biggest intraday drop since January 2018. On the way back up, the hourly chart shows scope for re-test of former support-turned-resistance at $7,619. A bounce to $7,619, if any, could be short-lived with prices falling back to $6,178 (daily low) over the weekend, as both…

opinion Elly Zhang is director of partnerships of Heliocor, a leading regulatory technology company based in London. She previously lead Asia growth initiatives for the cryptocurrency wallet startup Blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review.  As crypto prices continue to fall, 2018 is ending on a sour note for the…

In 2022, the crypto lending market had collapsed after a series of devastating events including the fall of LUNA/UST, the insolvency of Three Arrows Capital, and the FTX bankruptcy. Many key lenders that provided a substantial share of the lending market’s volumes were forced to close their doors after this period including BlockFi, Celsius, Voyager

The bitcoin market has gone comatose today with a key volatility reading hitting fresh yearly lows. The daily bitcoin volatility, as represented by the spread between the daily price high and price low (as per UTC), currently stands at $84 – the lowest level since July 9, 2017 – according to CoinDesk's Bitcoin Price Index…

news Nevada’s regulatory stance on cryptocurrency kiosks has shifted, now requiring a state money transmission license. Speaking with CoinDesk, BitAML Senior Advisor Annelise Strader said Nevada abruptly and without announcement changed its regulatory stance on cryptocurrency kiosks. Following the last legislation session closing in May without passing a proposed cryptocurrency bill, Strader says the state’s…

news Wyoming may soon become the first state in the U.S. to provide clear banking permissions for cryptocurrencies and digital assets. A bipartisan group of state legislators introduced SF0125 to the government on Friday, which, if passed, would classify digital assets as property within existing laws. It would also establish “an opt-in framework for banks…

Aug 25, 2020 at 20:06 UTCUpdated Aug 25, 2020 at 20:28 UTCCoinbase is shuffling the top of its European operations: Marcus Hughes is in as chief, and Zeeshan Feroz is out. Hughes, a two-year veteran of the crypto exchange who had taken over Coinbase's international legal team earlier this month, will replace Feroz, according to…

A global coordinated monetary ease campaign is underway Most asset classes are on the rise as a result, but bitcoin remains under pressure The crypto may need more than a handful of modest rate cuts before a new bull run can get started What if bitcoin bulls were told that Western central banks had embarked