Cryptocurrency Analysis and News Portal
The South Korean government recently announced their intention to impose a tax on cryptocurrency, leading to backlash. Korean Yonsei University economist, Sung Tae-yoon, warned that the decision to tax crypto capital gains may slow the technology’s emerging market, according to Koreatimes on June 21. Sung said that taxing the crypto market
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[sociallocker id="55298"] The Bitgrin (XBG) network appears to have minted billions of tokens, despite a declared max supply limit of 21 million XBG.On June 4, leading cryptocurrency information website CoinMarketCap warned its followers about the anomaly on Twitter. The announcement reads:“Alert Issued: We have received reports that billions of XBG
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[sociallocker id="55298"] Long time trader John Bollinger has warned that bitcoin’s flash rally to over $10,400 on Monday was fake, adding that losses might be on the way.“This is a Head Fake at the upper Bollinger Band for $btcusd,” tweeted Bollinger, inventor of the Bollinger Bands indicator.A ‘head-fake’ trade
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Mark Spiegel’s fund beat the stock market in May thanks to some carefully-selected value stocks. But he said it would be “mental” to go fully long without hedging for a significant downturn. His fund also remains bearish on Tesla despite losing more than $1 million in short bets. The bulletproof stock market has
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The stock market isn’t pricing in the risks that lie ahead Oxford Economics warns bloated valuations will bring on a correction Despite breaking above 3,000, the S&P 500 can’t keep climbing Any way you look at it, the stock market is overvalued. That’s what Daniel Grosvenor of Oxford Economics
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The Shanghai branch of the People’s Bank of China (PBoC) published an article detailing the signs of a financial scam, mentioning virtual currency and blockchain as signs of a fraudulent offering.The article, published on May 12 on Chinese social media platform QQ, consists of 16 answers to common questions that
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Bitcoin (BTC) rose to take $9,000 yet again on May 6 as the mission to create new support levels continued.Cryptocurrency market daily overview. Source: Coin360Analyst: BTC “doing well” even with $6K dipData from Cryptox Markets showed BTC, the top-ranked cryptocurrency by market capitalization, grinding upwards overnight on Tuesday, having hit
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On May 4, Alberto Aldape Barrios, director of the Center for Business Research and Development (CIDE), called on the residents of the city of Aguascalientes to be cautious with any investment opportunity in cryptocurrencies.In statements to local newspaper El Heraldo, Barrios warned of “financial speculation” aroused amid the COVID-19 crisis,
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British TV presenter and former X-Factor star, Rylan Clark-Neal, alerted his followers as to “fake interview” claiming that Rylan had made “millions from Bitcoin.”On April 18, the former Celebrity Big Brother star tweeted that a fraudulent interview impersonating U.K. publication, The Daily Mirror, was circulating on Facebook. Rylan warned his
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The Philippines Securities and Exchange Commission (SEC) warned of a crypto Ponzi scheme targeting Filipino, Australian, and European investors on March 30.The scheme, Bitcoin Revolution, comprises a classic Ponzi in which investors are offered exorbitant compounding daily returns on deposited funds.Bitcoin Revolution claims to have software that produces trades
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