EXCHANGES

Five Strategies for Lowering Your Crypto Taxes

[ad_1] Getting taxes done isn’t always the highest item on everyone’s to do list. This is especially true if you have accumulated significant gains from investing in cryptocurrencies. What many investors often don’t consider are the opportunities to actually reduce their tax liabilities from their crypto investing. This article discusses five strategies that you can use to help minimize your crypto tax liability. Depending on what country you live in,
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Attorney Fees Stack up as Craig Wright Fights Court Order

[ad_1] During the last week, court documents stemming from the Kleiman v. Wright lawsuit show that the Kleiman estate is now pursuing roughly $658,581 for attorney fees and expenses. Additionally, self-proclaimed Bitcoin inventor Craig Wright has filed a motion to fight the sanctions imposed on half of his alleged BTC holdings and intellectual property. Also Read: Billion Dollar Bitcoin Lawsuit Continues as Craig Wright Breaks Settlement Kleiman Estate Is Seeking
EXCHANGES

As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation

[ad_1] Recently, cryptocurrency advocates have been discussing the upcoming halvings set to happen on the BTC and BCH blockchains in six months or less. Since crypto prices have been heading southbound, the SHA256 consensus hashrate continues to remain relatively unfazed and data stemming from freshly minted coins shows miners have been stockpiling. Also Read: Iranian Grid Explains Electrical Costs Will Fluctuate for Bitcoin Miners Stockpiling Coins and Slight Miner Capitulation
Business

PlusToken Scam Selling Could Dump BTC Price For the Next Two Months

[ad_1] This year has yielded significant price action for Bitcoin (BTC), both to the upside and to the downside. Bitcoin’s price recently fell to around $6,500 as selling pressure continues to plague the market. Recent data from crypto-Twitter analyst Ergo shows such selling is possibly due to further liquidation of 200,000 BTC in funds from the alleged PlusToken ponzi scheme. Ergo said in a tweetstorm:“If my numbers are correct, the 200k BTC
Business

Crypto Markets Are Turning Green, Bitcoin Recovers Above $7,500

[ad_1] Wednesday, Nov. 27 — Crypto markets continue to improve, with Bitcoin (BTC) showing signs of recovery as it finds its way back above the $7,500 price mark.Cryptocurrency market daily overview. Source: Coin360Bitcoin started the day at $7,190, at which point the world’s largest crypto coin found an intra-day low of $6,900 before moving up again to its current trading price near $7,540. After a rollercoaster 24 hours, BTC is showing
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Bitfinex and Tether Receive Another Class Action Lawsuit in US Courts

[ad_1] The operators of the cryptocurrency exchange Bitfinex and the stablecoin Tether have notified users that they were hit with another class action lawsuit in U.S. courts over market manipulation allegations that the companies are trying to frame as mercenary and baseless. Also Read: Bitfinex Claims to Be Victim of Fraud After Crypto Capital President Arrested Tether Operators Face New Complaint in US Bitfinex has informed users that a class
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XRP Price Could Go Down to $0 by Next February: Alex Kruger

[ad_1] A model on XRP price development predicts that the ‘crypto-asset’ will go to zero by next February. Ripple’s XRP has underperformed, and plotting a linear regression predicts more crashes to a lower price range. Ripple’s Token Not Only Stagnant but Erasing All Value XRP is one of the assets that has remained stagnant in 2019 and unraveled further in the past month. Currently, the asset is at $0.21, still
BLOCKCHAIN

A Product Development Team Just Made ETH Block Production Twice As Fast

[ad_1] Blockchain advisory and product development firm Akomba Labs conducted a test on the Ethereum network that shows it can make block propagation at least twice as fast.Coindesk reported on Nov. 27 that Akomba Labs — in collaboration with the scalability-focused blockchain startup BloXroute — ran a two-week test measuring the results of running BloXroute's Blockchain Distribution Network (BDN) on the Ethereum network.Test findings showed that the average block propagation
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Bakkt Futures Set New Record, 3151 Bitcoin Worth $23M Traded

[ad_1] The Bakkt bitcoin futures contracts peaked to a new high, signaling strong institutional interest in BTC, risk exposure, affinity in ‘physically’ acquiring the underlying asset. Bakkt Bitcoin Futures Set New Record Days After Last Friday’s Peak During a period of high volatility for bitcoin, the futures market picked up in earnest, breaking the previous record from last week and continuing on a streak of records over the past months.
BLOCKCHAIN

Hackers Mass-Scanning Web for Docker Platforms to Mine Cryptocurrencies

[ad_1] A group of hackers has launched a new cryptojacking campaign on Nov. 24, scanning as many as 59,000 IP networks to find Docker platforms that have API endpoints exposed online, business technology publication ZDNet reports Nov. 26.According to the report, the campaign is targeting vulnerable Docker instances in order to deploy crypto-malware to generate funds for the hacking group by mining Monero (XMR).The mass scanning issue was first discovered