'Trump dump' risks pulling Bitcoin price down to $88K

As Evergrande Group, China’s heavily indebted property developer, files for bankruptcy in the United States, many are concerned about how this will impact the global economy and cryptocurrencies. The situation represents one of the largest debt faultings in the world and will have sizable ramifications.However, it shouldn’t come as too much of a surprise that…

A prime crypto broker blames margin calls on non-crypto assets for the current crypto market slide.Marc Bhargava, co-founder of Tagomi (which has recently joined the Libra Association), shared his explanation of the current market downturn with Cointelegraph. Since Tagomi is connected with ten of the biggest exchanges and some of the biggest crypto traders, it…

The adoption of Bitcoin continues to be driven by case-by-case needs as Blockchain Economy Istanbul hones in on emerging markets. 327 Total views 38 Total shares The adoption of Bitcoin (BTC) in emerging markets was a focal point on the first day of the Blockchain Economy Istanbul event, with calls for a focus on case-by-case…

On July 31, a Chinese Bitcoin investor sued local crypto exchange OKCoin for allegedly blocking him from getting his Bitcoin Cash (BCH) after the Bitcoin fork.   While the case is new for China, compilations regarding hard forks and exchanges have been amassing since perhaps as early as the DAO incident in 2016. So what happens…

The listing of ETHPOW (ETHW) across multiple crypto exchanges has been followed by a huge drop in price despite some initial success. ETHPOW drops 80% On the daily chart, ETHW's price has dropped by more than 80% to $25 on Sep. 10, over a month after its market debut.ETHW/USD daily price chart. Source: TradingViewFor starters, ETHPOW only…

A further commitment to its treasury sees MicroStrategy join Grayscale as this week's big buyer while others keep selling. 1623 Total views 10 Total shares Bitcoin (BTC) showed signs of a resurgence on Jan. 22 after a trip below $30,000 produced fresh buyer support.BTC price seals 8.5% daily bounceData from Cointelegraph Markets and TradingView showed a…

Delivering a major hit to Australian crypto investors, the ATO stated that wrapping or unwrapping tokens — irrespective of their price at the time — will be subject to capital gains tax. 198 Total views 2 Total shares The Australian Taxation Office (ATO) has issued guidance on capital gains tax (CGT) treatment of decentralized finance