Cryptocurrency Market Cap Would Touch $40 Trillion in Future, Says CEO of Pantera Capital
May19

Cryptocurrency Market Cap Would Touch $40 Trillion in Future, Says CEO of Pantera Capital

If you have already taken a long position on Bitcoin or any of the other cryptocurrencies, this news must come as music to your ears: Notwithstanding the current valuation of the digital currencies, one prominent investment advisor believes there is a bright future for these virtual assets. This is coming from Dan Morehead, the founder and CEO of Pantera Capital, which has funds worth around $1 billion under management; around 10...

Read More
Changes Proposed in Arizona Senate Bill on Crypto Transaction Taxes
May08

Changes Proposed in Arizona Senate Bill on Crypto Transaction Taxes

While some pundits in the U.S. may be still skeptical about the future of cryptocurrencies, there is at least one state that wants to push ahead to make tax payments using Bitcoin (or similar tender) acceptable and welcome. Arizona’s Senate had already passed a bill in February to accept cryptocurrencies for tax payments to the government. The bill is now being reworked and may be presented to the Senate with certain modifications. If...

Read More
Break-Even Point for Bitcoin Mining Is $8,600, Says Morgan Stanley
May05

Break-Even Point for Bitcoin Mining Is $8,600, Says Morgan Stanley

Analysts at Morgan Stanley have warned that Bitcoin might lose its profitability completely if the digital currency doesn’t recover back to $8,600. Bitcoin has been struggling to climb back up after dropping from a record high of $19,000 in December last year. Analyst Charlie Chan and his team from Morgan Stanley estimate the break-even point should hit at least $8,600 if there’s to be any profit for miners of the cryptocurrency. This...

Read More
Telegram’s CEO Uses Bitcoin Grants to Bypass Russian Ban
Apr28

Telegram’s CEO Uses Bitcoin Grants to Bypass Russian Ban

In the aftermath of the nationwide ban on Telegram by the Russian government, the messaging app’s founder and CEO, Pavel Durov, has vowed to do all he can to bypass the ban. This, as he revealed in a press release on his Telegram channel, would appear to include offering tokens in Bitcoin to network administrators running socks5 proxies and Virtual Private Networks (VPNs). The Ban on Telegram The Russian government had announced a...

Read More
Expert Predicts Bitcoin Price Could Reach $30,000 by the End of 2018
Apr10

Expert Predicts Bitcoin Price Could Reach $30,000 by the End of 2018

According to David Drake, founder and chairman of LDJ Capital, Bitcoin (BTC) may experience an unexpected rise in value before 2018 comes to an end. Drake, who is a crypto expert, made this prediction just after the first 2018 G20 Meeting, which is usually attended by Central Bank Governors and Finance Ministers. He stated that although early-2018 has not been the best time for the most popular digital currency, Bitcoin price could...

Read More
Taiwan Central Bank Proposes Bitcoin Should Fall Under AML Regulation
Apr10

Taiwan Central Bank Proposes Bitcoin Should Fall Under AML Regulation

The trend among federal governments and the controlling finance bodies in different countries are taking a direct interest in Bitcoin. Some governments, which had taken a more favorable view earlier towards the cryptocurrency, are also having second thoughts and planning to bring in regulations to ensure the investors, in their respective countries, are not exposed to hardships. The latest news comes from Taiwan, where the governor of...

Read More