A man who has publicly claimed he is the creator of Bitcoin (BTC-USD) has launched legal action in London against website Bitcoin.org for copyright infringement.

Dr Craig Wright, 50, an Australian-born businessman and computer scientist based in Surrey, said he used the pseudonym Satoshi Nakamoto to publish an academic paper in 2008 entitled “Bitcoin: A Peer-to-Peer Electronic Cash System”, which laid the foundations for the cryptocurrency.

The paper has subsequently become widely known among those interested in blockchain technology, blockchain-linked digital assets and cryptocurrencies.

The legal proceedings are against Cobra, which operates Bitcoin.org and centres around the website’s decision to ... Read more »

Category: News | Views: 155 | Added by: danyagames2007 | Date: 22.04.2021 | Comments (0)

Bitcoin experienced a massive drop over the last few weeks, and now the slide has slowed down but still continues. To many investors, this signals an imminent reversal. The cryptocurrency could be experiencing what is known as a rounded bottom, flattening out over a lengthy period only to turn it all around and start rocketing upward.

Bitcoin has showed it has legs as a cryptocurrency by lasting for more than a decade (it was introduced in 2009). Many other cryptocurrencies have not lasted nearly as long or stayed as relevant. Most cryptocurrency analysts expect Bitcoin to retain its relevancy and popularity, even as these ebb and flow. This is why a turnaround is expected in the near future.

Historically, Bitcoin has not st ... Read more »

Category: News | Views: 132 | Added by: danyagames2007 | Date: 22.04.2021 | Comments (0)

A major American DJ-related online music store has joined the crypto adoption frenzy by accepting bitcoin payments. Beatport is the latest firm that adopts a crypto payment gateway after signed a partnership with crypto exchange Crypto.com.

Bitcoin Payment Gateway Will Be Launched in June

Per Music Week, the digital music retailer will make the adoption official in June, enabling all customers to pay their subscriptions or buy tracks via bitcoin (BTC), processed by the Hong Kong-based crypto exchange.

Robb McDaniels, CEO of Beatport, expressed its high interest in cryptocurrencies, as well as the non-fungible tokens (NFTs), considering bitcoin payment’s adoption in Beatport as a significant s ... Read more »

Category: News | Views: 173 | Added by: 4zvezda | Date: 22.04.2021 | Comments (0)

Despite Bitcoin's aggressive rally the past seven months, rising from $10,600 to a record high $65,000, a prominent investor believes the largest cryptocurrency will tumble to less than half its current value before soaring to all-time highs in the long run.    

Scott Minerd, Guggenheim Partner's global chief investment officer, believes Bitcoin's price is moving too fast and a major correction is likely in the horizon. In an interview with CNBC's "Worldwide Exchange" on Wednesday, Minerd believes a drop of 50% may happen soon.

“I think we could pull back to $20,000 to $30,000 on Bitcoin, which would be a 50% decline," he said. 

The executive, however, added that a correction isn't something investors should be worried about as this is nothing new to the cryptocurrency. 

"The interesting thing about Bitcoin is we’ve seen these kinds of declines before,” Minerd added. "[ ... Read more »

Category: News | Views: 181 | Added by: 4zvezda | Date: 22.04.2021 | Comments (0)

Bitcoin, the cryptocurrency king, is still suffering from the weekend’s hangover, and Bitcoin price is finding it difficult to recover its losses that it suffered over the weekend.

The Bitcoin price needs to break above the 50-day SMA on the daily time frame and stay above this average. Otherwise, it is highly likely that the price not only tests its next psychological support of 50K, but in fact, it may break below that price level.

The Relative Strength Index, the RSI, shows that Bitcoin price is oversold, which could be an opportunity for those sitting on the sidelines watching the Bitcoin price hitting new all-time highs.

On the fundamental side, the biggest risk is what the SEC will have to say about Bitcoin as the Biden administration is working on some regulatory framework for cryptocurrency. The SEC has certa ... Read more »

Category: News | Views: 183 | Added by: danyagames2007 | Date: 22.04.2021 | Comments (0)

The Canada Revenue Agency (CRA) is getting serious about taxing Bitcoin. Just recently, it reached a disclosure deal with Coinsquare that forced the company to hand over user information to CRA agents. Prior to that, it set up a “Cryptocurrency Section” of its audit department specifically to deal with crypto investors. Broadly, these actions suggest that the CRA is getting serious about taxing cryptocurrency. In this article, I’ll explore the ramifications of that fact for investors.

Crypto gains treated like any other capital gain

If you invest in cryptocurrency, you probably know by now that you have to pay taxes on realized gains. The question is how much tax you’ll have to pay. For a long time, that was a legal grey area. Canadian tax law wasn’t created in a world where cryptocurrency existed. ... Read more »

Category: News | Views: 245 | Added by: danyagames2007 | Date: 22.04.2021 | Comments (0)

A common misconception seems to be that Bitcoin’s proof of work mechanism exceeds that of the many small nations, thus making it harmful to the environment and detrimental to power grids. People learning about Bitcoin for the first time might find these statistics alarming.

Feeding into this false narrative are researchers at Cambridge University. The team’s research reports and models are frequently referenced in pessimistic news articles estimating that the electricity consumption of the public blockchain network is higher than in countries like Switzerland and the United Arab Emirates.

To put this into perspective, there is a flaw in the logical structure of all these arguments. That flaw is BTC is not Bitcoin ... Read more »

Category: News | Views: 103 | Added by: danyagames2007 | Date: 22.04.2021 | Comments (0)

Guggenheim CIO Scott Minerd has warned of a “major correction” in bitcoin in the near term. Claiming that bitcoin is “very frothy,” he is forecasting a 50% decline in the price of the cryptocurrency.

Scott Minerd’s Latest Warning About Bitcoin

 

The chief investment officer (CIO) of Guggenheim Partners, Scott Minerd, is back with another bearish prediction for bitcoin’s price.

Minerd is also the chairman of Guggenheim Investments, the global asset management and investment advisory division of Guggenheim Partners. Guggenheim Investments has about $270 billion in total assets under management across fixed income, equity, and alternative strategies.

... Read more »
Category: News | Views: 183 | Added by: 4zvezda | Date: 22.04.2021 | Comments (0)

Since the retrace from the low 60K resistance area, Bitcoin has been slow to develop any compelling signals that call for a new swing trade long. It can be very confusing while it gyrates between 57K and 50K, especially if you spend too much time watching smaller time frames.

At this time, 50K is still the key support that is in play. That means it is still very possible for a retest of this area, followed by a bullish reversal. That is the scenario we are waiting for because it offers the best reward/risk along a greater population of participants looking to buy. How do we know? The initial test of the 50K area support didn’t even touch 50K, which can be interpreted as plentiful buying activity (see recent candle stick tail). ... Read more »

Category: News | Views: 154 | Added by: 4zvezda | Date: 22.04.2021 | Comments (0)

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