Category Archives: Bitcoin

In another twist to the Mirror Trading International (MTI) bitcoin Ponzi scam, the blockchain intelligence firm Whitestream says bitcoins from wallets associated with the company are being sent to Wasabi privacy mixers. According to Whitestream’s update, this pivot to mixers suggests that operators of the Ponzi are trying to obfuscate the movement of the bitcoins. […]

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On January 10, another strange string of 20 bitcoin block rewards from 2010 was spent after sitting idle for over ten years. The spending of 1,000 decade-old bitcoins worth over $39 million today, follows the recent string of 1,000 units transferred on the 12th anniversary of Bitcoin’s genesis block launch. Seven days ago an old-school […]

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China’s wealthy are increasingly buying into cryptocurrencies. (Photo illustration by Jakub … [+] Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images Everyone loves Bitcoin. Personally, I can’t get enough of it. Though I just sold all of my XRP, as an aside, because I learned it was being delisted from Coinbase next week, Bitcoin, on […]

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Imagine selling a house, car, or your skills as a carpenter to someone offering Bitcoin as payment. The obvious question posed to the buyer would be “Which Bitcoin? The one that fetched $15,000 toward the end of 2017, the one that sold for a little above $3,000 one year later, or the one that exchanges […]

The post As Bitcoin Shoots Past $40,000, It Unequivocally Reminds Us That It’s Not Money appeared first on TechFans.

The stock market had a good 2020, with the S&P 500 up 16.3%. Cryptocurrency bitcoin, on the other hand, was up more than 300% for the year. In the last month alone, Bitcoin’s price has more than doubled. But bitcoin’s incredible rise may mean that a fall is imminent. With that in mind, we asked three Motley […]

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Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal/Getty Images Legendary investor Bill Miller told CNBC on Friday he sees bitcoin surging 100% in 2021 as more investors add the coin to their portfolios as a hedge against inflation. “One of the things that’s interesting about Bitcoin is that it gets less risky the higher it goes, and that’s the […]

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Bitcoin prices have doubled in less than a month to more than $40,000. And while cryptocurrency bulls argue this stunning surge is justified, some on Wall Street are warning that this won’t end well. The recent rally may be another case of speculative mania. bitcoin looks like “the mother of all bubblesâ€� according to Michael […]

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Bitcoin continues to rise, doubling in value in under a month to reach over $40 000 on Thursday – more than quadrupling in the past year, according to Bloomberg. First launched in 2009 as a digital currency, Bitcoin was for a while used as digital money on the fringes of the economy. It has since […]

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The writer is chairman of Fulcrum Asset Management Investors in bitcoin and other cryptocurrencies have enjoyed a phenomenal run, but they are now worried that Janet Yellen’s arrival as US Treasury secretary may herald a new era of hostility from regulators and central banks towards what boosters call “libertarianâ€� forms of digital money. In her […]

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While the IRS acknowledges that bitcoin and other cryptocurrencies can be used to pay for goods and services in many cases, and can be readily exchanged for U.S. currency, it treats it a bit differently than foreign currencies for tax purposes. Specifically, the IRS classified bitcoin as property. This means it is treated the same […]

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