Bitcoin Bulls in Danger as Price Drops $500 in Minutes Back Under $10K

For the past few days, the price of Bitcoin (BTC) has been hovering above the 20 Moving Average (MA) and drawing closer to the moving average as volume continued to taper off and lower highs were set each day.  Crypto Market Data Source: Coin360 The digital asset began to look bearish on multiple time frames […]

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Binance to Add Fiat-to-Crypto OTC Trading in a Month, Co-Founder Says

Crypto exchange Binance is planning to add over-the-counter (OTC) trading to its platform in a month to provide users with fiat currency gateways. Binance’s co-founder and chief marketing officer He Yi said at a media session on Tuesday during the Shanghai Blockchain Week that the exchange will specifically support fiat on-ramp via OTC for Chinese […]

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Retail Giant Overstock Seeks to Restructure Cryptocurrency Dividend

American e-commerce giant Overstock hopes to liberalize its planned digital dividend shares trading. According to a Sept. 18 press release, Overstock is working with regulatory authorities on making its digital asset-based dividend freely tradable by non-affiliates following distribution. As such, the company will not have to put its dividend shares on the six-month holding period […]

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Investors, Speculators Dismiss Bitcoin as Global Risks Loom – CCN.com

Earlier this year, the anecdote that bitcoin serves as a safe-haven asset in times of heightened macroeconomic risks received support from factual data. The benchmark cryptocurrency and its traditional rival gold both established year-to-date highs as the U.S. and China slapped tit-for-tat tariffs, the yield curve inverted and signaled a recession, and the Federal Reserve […]

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IRS Proposes to Backdate Tax Payments of Digital Currencies

The Internal Revenue Service (IRS) has sent communication to several market participants discussing backdated tax settlements in the digital asset trade. The IRS posted on its website that investors’ federal returns differ from the information provided by cryptocurrency exchanges. As such, the agency is seeking traders’ contribution on amended tax returns using profits from digital […]

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