Bitcoin Price Climbs $400 In 20 Minutes to Reach 2-Week High

news The U.S. Internal Revenue Service (IRS) announced Friday that it has begun sending letters to taxpayers who own cryptocurrency, advising them to pay any back taxes they may owe or to file amended tax returns regarding their holdings. In a news bulletin, the agency said that it began mailing what it called “educational letters”…

news Chinese state-owned media are attempting to quell the rush into crypto stocks following President Xi’s statement to “seize the opportunity” afforded by blockchain. State-backed agencies are publishing material meant to encourage “rational” investments, amid this surge in speculation in blockchain and fintech firms, Reuters reported Tuesday. On Monday, over 100 public fintech companies –…

Mar 13, 2020 at 09:00 UTCUpdated Mar 13, 2020 at 09:15 UTCNYDFS Superintendent Linda LacewellNew York’s Department of Financial Services (NYDFS) is requiring the state’s sanctioned cryptocurrency firms to provide detailed coronavirus preparedness plans, signaling the seriousness COVID-19 poses to businesses as well as public health.“Virtual currency” businesses must produce contingency plans with painstaking and…

The University of Toronto, the largest university in Canada by enrollment, plans to start an independent XRP ledger validator, which primarily processes payments, in a new partnership with Ripple as it seeks to support the next generation of the crypto industry.The move is part of Ripple's University Blockchain Research Initiative (UBRI) in Canada, under which…

Kalshi, a U.S.-regulated prediction market platform, won its federal lawsuit against the Commodity Futures Trading Commission over a plan to offer contracts on which party will control each house of Congress after the November election. Although the CFTC could appeal, Kalshi, which had been locked out of this year's election betting boom while the case

The “smart take” among the cryptocurrency industry’s educated or otherwise influential elite is that Tether, the maker behind the world’s largest stablecoin, tether, is “unfairly maligned,” but may eventually fail. Not only is USDT the most successful stablecoin, a type of blockchain-based asset designed to hold a stable value, but it could be said to

The bank reduced its CLSK, IREN, MARA and RIOT price targets to account for second-quarter results and changes in the price of bitcoin and the network hashrate. JPMorgan prefers Iren and Riot Platforms, and says recent underperformance in these stocks presents a buying opportunity. The bank estimates the notional value of the remaining bitcoin to

Markets still remain bullish; retail traders take to derivatives.Feb 16, 2021 at 5:12 p.m. UTCAfter Breaching $50K, Bitcoin Gives Up Earlier GainsBitcoin’s price saw a retracement of its earlier gains on Tuesday, but the market expects that it will soon resume its long-term bullish trend and push fresh new all-time highs. For a brief moment…

May 22, 2020 at 12:00 UTCColombia, Deloitte, ConsenSys Sign On to WEF’s ‘Blockchain Bill of Rights’The token economy just gained an organized structure for collaborating with world leaders.  The World Economic Forum revealed its Presidio Principles on Friday, a “blockchain bill of rights,” according to the nonprofit focused on fostering diplomacy and international business partnerships.…