Cryptocurrency Sales Over $10k To Be Reported To IRS
U.S. Treasury issues a new release which requires crypto transfers of $10k or more to be reported to the IRS.
Cryptocurrency Prices Plummet After China Reinstates Ban
Bitcoin and Ethereum prices drop after China reiterates ban on cryptocurrencies.
‘StopElon’, A CryptoCurrency To Take Down Elon Musk
Crypto Investors plan to take down Elon Musk and Tesla with ‘Stop Elon’ coin.
Elon Musk Suspends Use of Bitcoin for Tesla Purchases
According to company CEO Elon Musk, Tesla will reject bitcoin for car purchases due to environmental concerns. A number of Tesla investors and environmentalists are skeptical about how Bitcoin will be “mined,” as it consumes huge amounts of electricity generated by fossil fuels, particularly coal. Bitcoin fell more than 10% after Musk tweeted his decision […]
Square Exceeds Profit Estimates as Bitcoin Volumes Rise
Payment services company Square Inc beat Wall Street’s expectations for quarterly profit on May. 6, 2021 as growing demand for bitcoin caused a surge in transactions using cryptocurrencies on its peer-to-peer service Cash App. Excluding one-time costs, the payment firm, led by Twitter Inc’s Jack Dorsey earned 41 cents per share, compared with the 16 […]
Bitcoin Slumps 14% In Sell-Off from Record High
Bitcoin, the world’s biggest cryptocurrency, fell as much as 14% to $51,541 on Sunday, wiping out most of last week’s gains. It last traded at $53,991, down 10%, a whopping $12,000 below Wednesday’s record high, while smaller rival Ether, the cryptocurrency linked to Ethereum’s blockchain network, fell 10% to $2,101. The blackout in China’s Xinjiang […]
