Bitcoin price tanked more than 10 percent on Wednesday after months of low-volatile action. As the market prepares for further slides, a prominent investor believes that Bitcoin breakdown is good for the crypto space.Travis Kling, chief investment officer at Ikigai crypto-assets management firm, said in his tweet that...
Twitter Facebook LinkedIn One of the Eurozone’s chief monetary economists heaped some backhanded praise at Bitcoin on Thursday, arguing that the flagship cryptocurrency was an “extremely clever idea” that suffers from “manifold problems.” Benoît Cœuré, who serves on the European Central Bank’s executive board, made this claim during...
Bitcoin Bulls Wonder Where's the Bottom After Volatility Returns  BloombergBitcoin extends rout after cryptocurrencies plunge 12%  TechCentralFull coverage Article Source
Introduction There have been no shortage of people who have come forward with their own tweaks to Metcalfe's Law when trying to apply it to Bitcoin (BTC-USD)(COIN)(OTCQX:GBTC). Some use the value transmitted via on-chain transactions, others use the number of "users" (which must be estimated since nobody...
In some countries you are liable for capital gains tax on any profits you make on...
Bitcoin prices tumbled below the key support level of $6,000, hitting the lowest level in more than a year following an almost volatility-free three months. The popular digital currency was last trading at $5,850.10, down 9.43% on the day, according to Kitco’s aggregated charts. The drop came...
‘Big four’ accounting firm KPMG has just asserted that cryptocurrency assets, like Bitcoin BTC, are simply...
The price of bitcoin over the last 24 hours has plummeted. On Wednesday morning it was more than $6,200–now it’s at $5,573. This over 10% drop is the lowest price the cryptocurrency has seen in over a year.Other currencies fell, too. Coindesk reports that, in total, the entire...
For months, the price of Bitcoin has been hovering around the mid-$6,000s mark. No longer. The most popular cryptocurrency has plummeted by...