IRS Crypto Reporting Letter: A Wake-Up Call No Matter Who Gets One
Read More
Cryptocurrency Market
19-Year-Old Sentenced to 20 Months for Selling Stolen Data for BTC
Elliot Gunton, aged 19 and of Mounteney Close in Norwich, pleaded guilty to supplying online personal data and hacking services for cryptocurrency.A hacker for hireA press release published on Aug. 16 by the Norfolk police reports that the man was sentenced to 20 months in prison and ordered to
Read More
This Ripple Chart Screams Buy
The Ripple price is a screaming buy, according to market analyst Naeem Aslam. But should investors tread with caution when it comes to XRP? | Source: ShutterstockBy CCN Markets: Since late June when the Ripple (XRP) price reached its 2019 high near $0.50, the cryptocurrency has plummeted nearly 50
Read More
Digix and MakerDAO Tokens Now Loadable Onto Monolith Visa Debit Card
London-based banking alternative Monolith announced its partnership with decentralized finance companies Digix and MakerDAO, Aug. 15. As part of its drive for digital payment adoption in e-commerce, DGX, DGD and DAI tokens will now be loadable onto the Monolith Visa debit card.A critical bridge between the worlds of decentralized
Read More
Bakkt Announces Sept. 23 Launch of Futures and Custody Platform in US
Bakkt has announced the coming launch of its much-anticipated platform for daily and monthly futures in the United States in a blog post on Aug. 16. Having received approval from the necessary regulators, the launch is scheduled for Sept. 23. Bakkt’s physically delivered futures have been the subject of a
Read More
Millennial Buys Ripple With Loan He Can’t Afford
After taking out a loan he couldn't afford to go all in on Ripple(XRP), the coin's market value fell by 40%. His response? Buy more coins! | Source: Shutterstock. Image Edited by CCN.By CCN Markets: A Twitter user who goes by the name of @XRPBallzD33p told his followers last
Read More
Malaysian Bitcoin Miners Stole $25 Million Worth of Electricity
A major power utility firm in Malaysia, Tenaga Nasional Bhd (TNB), has cried out following a huge lose it has recorded in the past months. TNB’s record shows that over $25 million was lost to Bitcoin(BTC)trade miners as of June this year.According to the report, TNB noted that some cryptocurrency
Read More
100% Crypto-Invested Retirement Portfolios Are Illegal
The Australian Tax Office has issued warning letters to 18,000 Self Managed Super Funds (SMSFs) for concentrating too much investment in one asset class. Under Australian law it is illegal to use more than 90% of retirement funds on a single class, such as property or cryptocurrency, as reported
Read More
Nvidia Pulls Through Crypto Winter — Quarterly Earnings Rise 16%
Major global chipmaker Nvidia, popular with cryptocurrency miners, has outstripped analysts’ expectations with its latest set of quarterly financials.The firm’s Second Quarter Fiscal 2020, published on Aug. 16, revealed $2.58 billion in revenue at earnings of $1.24 per share — as compared with $2.2 billion in the preceding quarter.Still
Read More
80% of Colombians Open to Investing in Crypto: New Survey
An astounding 86.5% of Colombians are familiar with cryptocurrency and 80% are open to investing in the asset class.Peer-to-peer Bitcoin (BTC) marketplace Paxful shared the results of its new survey — conducted together with Toluna Insights — with CryptoX on Aug. 15.50% of Young Colombians Already Crypto InvestorsThe survey
Read More