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With our unique list of cryptocurrency exchanges and wallets, stay up to date on all price movements in the industry. Already hold cryptocurrency? Take advantage of the My Crypto Portfolio section and track your cryptocurrency holdings.
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The Internal Revenue Service (IRS) defines traders as people who trade continuously, permitting them a maximum capital loss deduction of $3,000 per year.However, Coin Tracker head of tax strategy Shehan Chandrasekera revealed that traders can utilize the “475(f) election” to allow them to exceed that limit in any given year.Those that wish to benefit from this loophole should apply to …
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Bloomberg report providing crypto outlook for June says that it expects Tether to pass Ether as the #2 cryptocurrency on the strength of the dollar.The report notes that Tether's market capitalization growth is one of the main drivers for the appreciation of Bitcoin.According to the report: "Interest in digital links to the dollar represents the need to transact and store …
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No time to read? Crypto articles too technical? Only want the facts?
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Welcome to Crypto News Blocks. We take full-length news articles and summarize them into a handful of easy to read bullet points. Make the most of your downtime and catch up on all the latest news.
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A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation. June 11, the number of active Bitcoin (BTC) addresses hit 1,040,244. This is the highest number in two and a half years. Many analysts believe there may be a correlation between this metric and the market’s overall price.Number of Active Bitcoin …
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Bitcoin is back in the spotlight of the cryptocurrency market after taking a nearly 10% dum. The sudden bearish impulse saw the asset’s price drop from a high of $9,970 to a low of $9,050. Alongside the price slump, over $80 million worth of long and short BTC positions were liquidated on BitMEX alone. From a technical perspective, the recent …
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CryptoCoin.Pro have announced the world’s first tokenized blockchain event, the 2020 Virtual Blockchain Summit, which will run from June 11th – 12th. 8th June 2020, location – Blockchain is growing fast, so fast that just staying up to date with current events is a challenge in itself. The new global landscape of 2020 has only added to this challenge, making the physical attendance of such …
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Cyber-thieves from the Bitfinex hack of four years ago continue to cash out, this time transferring the equivalent of $4.1 million in bitcoin to an unknown wallet address. Crypto tracking tool Whale Alert reports that hackers moved 416 bitcoin (BTC) on June 11. The funds, valued at $4.1 million at the time of the transaction, were sent in 20 separate …
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Crypto analytics firm Glassnode reported 80% of the supply of the second largest cryptocurrency by market cap was in profit on June 10. According to crypto analytics firm Glassnode as of June 10, more than 80% of the Ether supply was in profit — leading to fears of a price drop. Glassnode posted a chart showing that the percent of Ether …
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