Commentary

Demand for Bitcoin Is Rising Again: Should You Jump on the Bandwagon?

In the last few weeks, Bitcoin has once again become the center of attention in mainstream media. After breaking a 3-year-long resistance on August 2nd, the popular cryptocurrency quickly reached a local peak of $12,030. Moments after that, however, investors started selling off, and the price stabilized around $11.5k. These recent events have made many people bullish, claiming that we are in the midst of a new bull market, with the best yet to come. ...

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The Ways in Which Blockchain Could Change the World

No discussion about how future technology can benefit different industries could be complete without mentioning what Bitcoin – and blockchain in general – could offer. Not only has Bitcoin continued to plug away at its standing as the most recognizable example of cryptocurrency, but every year sees more mainstream uses for the technology. What could we expect in the coming years from different industries that are already seeing a rise in blockchain and its associated ...

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Bitcoin Predictions for the Fall

Bitcoin in Autumn Tuesday, September 22nd, 2020 is the first day of fall, and speculation always runs rampant regarding the trajectories of digital currencies and Bitcoin in particular. But if we were to either buy into or buy more Bitcoin in early to mid-May, would we be happy when the leaves turn brown and the air begins to chill? Incredible! We're having the most beautiful autumn sunrise over Sydney this morning x pic.twitter.com/MgtkMOnfWo— Elsa (@oimydarling) ...

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Crypto in the Caucasus – Why This Region Is Such a Hotspot for Miners

Crypto in the Caucasus
The Caucasus, especially the countries within this region have never necessarily struck as attractions for crypto investment in the past. At least the region has not to be placated as the go-to destination for blockchain development. However, it's slowly becoming obvious that the countries in this region know what they're doing with fintech and are not prepared to back down for anybody. The region has seen some of the biggest growth when it comes to ...

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Binance Is Afraid The World Can’t Keep Up With China In Blockchain

Binance CEO
The CEO of Binance, one of the largest cryptocurrency exchanges in the world, mentioned in an interview with Bloomberg Asia that the world is going to enter a technology race in developing as many blockchain systems in as many industries and government sectors as possible. However, Changpeng Zhao, also knowns as CZ has mentioned that China has become extremely technology friendy and therefore will be a tough opponent even if every single Western country unites ...

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IRS “Rewards” Compliant Crypto Holders With Tax Refunds

Internal Revenue Service
The Internal Revenue Service of the United States of America has recently issued several tax refunds to citizens that accurately declared their crypto possessions. Back in August 2019, the IRS had issued warnings and sent letters to a couple of known crypto investors that the assets that were in their possession are subject to taxation, and therefore would be appropriated with a fine if failing to comply with taxing laws. Many crypto investors didn't worry about the ...

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How Zuckerberg Tried to Sell Libra as a Weapon Against China

Facebook's Libra
On the 23rd of October, the United States House of Representatives Financial Services Committee heard testimony from the CEO of Facebook, Mark Zuckerberg. This time, the focus was not on Facebook selling user data to advertisers or the highest bidder, but the potential threats that the new Libra Association could potentially bring to not only the US financial industry but to the global one as well. The main topics of discussion were the compliance of ...

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What Do the New IRS Crypto Taxing Guidelines Mean?

New cryptocurrency tax guidelines have been released by the Internal Revenue Service, which has caused some commotion in the cryptocurrency industry due to how uninformed the IRS actually is about the subject. The taxation seems to be targeting almost every means of crypto trading including Bitcoin robots. According to this Learnbonds Bitcoin Era review, the revenue and profit are directly calculated through "speculation" even though it's classified under high-frequency trading very common on Wall Street. ...

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