The Internal Revenue Service (IRS) of the U.S. made several changes to the new draft of Form 1040, U.S. Individual Income Tax Return. One of the alternations concerns Bitcoin users, as the agency changed the placement of the controversial “virtual currency” tax declaration section.
The IRS moved the
The newly released minutes from the Federal Open Market Committee’s July 28 and 29th meeting has sent shockwaves through the global financial markets, not stopping at Bitcoin’s price action.
The overall tone of the meeting was grim, with committee members expressing concerns over how the ongoing pandemic may
Bitcoin startup Zap is launching a cash back option for users of its Lightning payment app Strike. The feature called “Cashback by Strike” allows users to earn money back on Strike when they make payments via the Lightning Network.
Strike is a platform created by Zap that enables Lightning payments
Bitcoin startup Zap is launching a cash back option for users of its Lightning payment app Strike. The feature called “Cashback by Strike” allows users to earn money back on Strike when they make payments via the Lightning Network.
Strike is a platform created by Zap that enables Lightning payments
The Internal Revenue Service (IRS) of the U.S. made several changes to the new draft of Form 1040, U.S. Individual Income Tax Return. One of the alternations concerns Bitcoin users, as the agency changed the placement of the controversial “virtual currency” tax declaration section.
The IRS moved the
The newly released minutes from the Federal Open Market Committee’s July 28 and 29th meeting has sent shockwaves through the global financial markets, not stopping at Bitcoin’s price action.
The overall tone of the meeting was grim, with committee members expressing concerns over how the ongoing pandemic may
According to the on-chain market analysis firm Glassnode, Bitcoin reserves on exchanges in August fell to a level unseen since June 2019. This indicates that retail investors are not intending to to sell their bitcoin.
When retail investors move to sell their bitcoin holdings, they typically send their funds to
According to data from the Commodity Futures Trading Commission (CFTC), hedge funds are net short the U.S. dollar for the first time in two years. The decline in demand for the dollar could benefit Bitcoin in the long term as it is increasingly perceived as a store of value.
Investment firm Grayscale’s assets under management surpassed $6 billion USD for the first time, the firm’s CEO Barry Silbert shared, showing a continuous increase in institutional demand for Bitcoin.
Grayscale operates various regulated publicly-traded investment vehicles that tailor to accredited and institutional investors.
The firm’s most widely-used
$71 billion USD banking giant Goldman Sachs anticipates the S&P 500 to surge 20% by the year’s end. Since April, Bitcoin and the S&P 500 have been seeing some correlation, and favorable market conditions could benefit Bitcoin’s long-term trajectory.
David Kostin, the chief U.
Obi Nwosu is the CEO and co-founder of Coinfloor, the UK's longest-running Bitcoin exchange. He has over 20 years’ experience building online marketplaces and bringing virtual currencies to tens of millions of people. Obi writes The Road to Bitcoin Hegemony, a weekly recap of some of the most
