[ad_2][ad_1] China’s Center for Information and Industrial Development has reviewed the rankings of its cryptocurrency projects. Thirty-seven crypto projects were evaluated overall and in three sub-categories. Bitcoin rose while the top three places remained occupied by EOS, Tron and Ethereum. CCID 18th ranking released The Center for Information and Industry …
Read More »Bitcoin Whale transfers $ 2.2 billion worth of BTC for just $ 7
[ad_2][ad_1] Whale alert reports that a so-called whale has transferred the equivalent of $ 2.24 billion in bitcoin for less than $ 7. In a series of tweets On Friday, the cryptocurrency tracking tool said the bitcoin (BTC) whale sent a total of 241,500 BTC in seven successive transactions within …
Read More »3 on-chain metrics that crypto investors use to monitor Bitcoin network activity
[ad_2][ad_1] The public nature of blockchains continuously generates an endless stream of data, as every single transaction and address leaves a clear trace. This information, known as chain data, provides a way to accurately analyze the cryptocurrency’s network activity. Some on-chain indicators like number of active addresses, HODL wave, and …
Read More »Bitfinex hackers move another $ 4.1 million worth of Bitcoin on their biggest payday yet
[ad_2][ad_1] The cyber-thieves of the Bitfinex hack of four years ago continue to cash in, this time by transferring the equivalent of $ 4.1 million in bitcoin to an unknown wallet address. Whale Alert Cryptographic Monitoring Tool relationships that hackers moved 416 bitcoins (BTC) on June 11. The funds, valued …
Read More »BTSE Exchange offers futures contracts that track Tether Gold and are priced in Bitcoin
[ad_2][ad_1] Bitcoin has long been celebrated as a new form of money, a two-finger salute to the establishment, even as the digital equivalent of gold, but it’s not often prized for its stability. This could change with the introduction of a new futures contract. Cryptocurrency exchange BTSE has made the …
Read More »The loophole in US tax legislation could allow Bitcoin traders to write off unlimited losses
[ad_2][ad_1] A loophole in U.S. tax legislation could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from the cryptocurrency platform Coin Tracker. Traders, defined by the US tax agency’s Internal Revenue Service (IRS) as persons who operate substantially, regularly and continuously, …
Read More »Serious Coinbase ‘Surveillance’ Warning Sparks Bitcoin Backlash
[ad_2][ad_1] Coinbase, the largest bitcoin and cryptocurrency exchange in the United States, has been struggling lately. Repeated interruptions to the exchange have left many users locked out of their accounts just as the price of bitcoin has made big moves. Now, following the reports, Coinbase will soon begin selling blockchain …
Read More »A number of small Bitcoin mining companies are ditching as old mining facilities become useless
[ad_2][ad_1] Bitcoin mining has changed a lot since the block reward halved on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH / s) during the past 48 hours. Reports from China show that a number of small mining operations are struggling and …
Read More »Here’s how the Bitcoin network works in detail
[ad_2][ad_1] Bitcoin is the largest cryptocurrency in the world running on blockchain technology. To understand what Bitcoin is, you need to start your journey by understanding blockchain technology. So what is blockchain technology? This is the question many technicians ask in today’s digitized world. Blockchain technology is a type of …
Read More »South Korea will start taxing Bitcoin profits in 2021
[ad_2][ad_1] South Korea will begin taxing profits from bitcoin (BTC) and other cryptocurrencies next year, according to local media reports. The tax will also apply to bitcoin mining operations and income from initial coin offerings if approved by Parliament. South Korea’s Ministry of Economy and Finance has proposed changes to …
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