50 Cent accidentally made $8 million in bitcoin In 2014, rapper 50 Cent let people buy his album Animal Ambition using bitcoin. He then let his account lie unused for years, and only just recently discovered that he’s now a bitcoin millionaire, as first reported by TMZ. At the time, a single bitcoin was worth only $662, and the rapper’s fans could pick up the album for a fraction of that. In total, he pulled in over $400,000. Since then,…
Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano – Price Analysis, Jan. 23 When the markets are bullish, a lot of traders only focus on high target levels. This leads to a left out feeling among the ones who have missed out on the rally, and they rush to buy at elevated levels. This results in a huge loss of capital to the uninformed traders. The opposite works when the market falls. One starts to hear bearish voices with…
The Bull And The Bear Case For Bitcoin, Ethereum, Ripple, Litecoin, And Other Cryptocurrencies There have been better days and worse days for Bitcoin, Ethereum, Ripple, Litecoin, and other cryptocurrencies. The better days were back in November and December when a “virtuous” rotation helped spread the rally from Bitcoin to other cryptocurrencies. This means that funds cashed out from one currency were invested in other currencies. That’s a bullish "technical" sign for cryptocurrencies, as it keeps the momentum for the…
Bitcoin tax loophole could save cryptocurrency investors millions as it leaves HMRC short MILLIONS of pounds could be lost by the Treasury after a tax loophole was revealed and cryptocurrency investors are expected to take full advantage of the gap, experts warn. The massive loophole allows investors, who could have made millions when bitcoin hit its $19,343 (£14,000) high in December, to declare their returns as gambling winnings. Winnings from gambling are generally not considered investment returns and so avoid…
Price Analysis, Jan. 19 – Bitcoin, Ethereum, Bitcoin Cash, Ripple, IOTA, Litecoin, NEM, Cardano After a sharp fall, the aggressive bulls jump in and buy at lower levels. This strategy has resulted in huge gains for the cryptocurrency traders in 2017. However, unlike previous occasions, we have not seen a sharp rise this time. This shows that the traders are not confident of a huge rally from the current prices. In the next few days, we expect a range bound…
Cryptocurrency prices edge higher with ripple bouncing back 65% after ‘severe’ sell-off Bitcoin and ethereum — the first and second largest virtual currencies by market value — appeared to recover after Wednesday's lows. Experts told CNBC earlier this week that investors had been "spooked" by news of regulatory crackdowns from both South Korea and China. Regulators have expressed concerns over digital assets due to their extremely volatile nature and worries that they could be used for illicit activity. Major digital…
Old hands in South Korea bitcoin market unfazed by threats of ban Veterans of the bitcoin market say restrictions would be relatively easy to circumvent Investors in the cryptocurrency market are used to wild moves in the space Expert say a ban might discourage new participants, but anonymity makes it easy for those already in the markets to move digital assets around the world Threats of a potential cryptocurrency trading ban in South Korea have scared many investors away, but…
Bitcoin jolted by regulation worries, falls 7 percent on extended selloff TOKYO/SINGAPORE (Reuters) – Bitcoin extended its sharp tumble of the past 24 hours, skidding more than seven percent on Wednesday in a rapid downturn in fortunes as investors were spooked by fears regulators might clamp down on an asset whose value has skyrocketed in the past year. The price of the world’s biggest and best-known cryptocurrency fell to as low as $10,567 on the Luxembourg-based Bitstamp exchange, not far…
DUBAI PLANS TO LAUNCH 20 BLOCKCHAIN-BASED SERVICES IN 2018 Dubai is already running pilot programs in a few government departments but hopes to implement 20 blockchain-based initiatives in this year. Dubai is making good on its nickname as the ‘City of the Future’. Its government had previously formed Smart Dubai, an agency created with the aim of making Dubai the most technologically advanced, and smartest city in the world. Part of that journey is to include blockchain-based services into…
No, You Don't Have to Buy a Whole Bitcoin "How much is bitcoin?" "Around $14,000." "Well, that's too expensive. I can't afford that." It's a conversation that has surely happened thousands of times over the past several months as a new swarm of people find themselves enchanted by the cryptocurrency space and its tremendous gains. And it reveals not only a misunderstanding, but also a psychological barrier that many face stepping into the scene for their first time. Since…