Bitcoin ‘could’ consolidate for ‘4 or 5 months,’ but big cup and handle looks promising — Analyst

Sunday, March 3 — the top 20 cryptocurrencies are reporting minor losses on the day to press time. Bitcoin (BTC) is hovering just over the $3,850 mark again, according to Coin360 data.Market visualization from Coin360At press time, Bitcoin is down a fraction of a percent on the day, trading at around $3,853, according to CoinMarketCap data.…

After many countries around the world such as the United States, the United Kingdom, France, and Portugal published their own cryptocurrency tax guidelines this year, it is only reasonable they will expect to see an increase in crypto tax filing. They may even follow suit with the U.S. Internal Revenue Service and begin their own…

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains.The paper, dubbed simply “Crypto Losses,”…

Gansu province is now connected to the state-run Energy Zone Blockchain public service platform. 1249 Total views 19 Total shares An energy supplier in China has successfully deployed its first blockchain node. This node went live through the government-backed network, the State Grid Corporation of China.According to The Paper, Gansu province becomes the second provincial…

Zuckerberg and Ek’s concerns highlight the need for balanced regulation of emerging technologies.

The two crypto mining operations stole almost $20,000 in electricity monthly. Officials in the Malaysian state of Johor shut down two crypto operations which had stolen more than $600,000 worth of electricity over three years. According to a Sept. 1 report from local news site The Star, Malaysia’s Energy Commission, power utility firm Tenaga Nasional Berhad…

When investing in financial markets, people often underestimate the possibility that, over a period of time, the investment may lose its value, and it will take time to recover temporary losses. The deeper the loss becomes, the more energy required to recover the losses increases out of proportion. If I invest $100 and lose 10%,…

The University of Wyoming is embracing cryptocurrency staking as an innovative way to raise revenue. 4322 Total views 26 Total shares The University of Wyoming is allocating $4 million to running nodes and staking at least three cryptocurrencies.The news was shared to Twitter on April 28 by Caitlin Long, a Wyoming Blockchain and Fintech Select…

After twenty days of holding the $22,500 support, Bitcoin (BTC) price finally broke down on Feb. 9. Bullish traders had placed their hope on a sustained rally, but this has been replaced by a tight trading range with resistance at $22,000. The downtrend is even more concerning since the S&P 500 is trading near its highest…