A Wall Street analyst has reportedly predicted a massive selling of cryptocurrencies to U.S. dollars in the lead up to the mid-April tax filing deadline in the United States. Thomas Lee, head of research at Fundstrat Global Advisors, estimates that U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings. This is in addition to crypto exchanges. more...
A hotel group in the Russian city of Kaliningrad has announced that it will accept payments from football fans who stay in their hotels during this year's World Cup football games in cryptocurrency. The western Russian city is hosting four matches to be played on June 16, 22, 25 and 28. Natonal teams of Spain, Belgium, Serbia, England, Switzerland, Croatia, Morocco and Nigeria are playing in Ka more...
Could a bear market in stocks bolster Bitcoin and gold? Bitcoin will likely benefit if stocks suffer a "major pullback," stated Tim Enneking, managing director of Crypto Asset Management. Many market observers are closely watching the relationship between the stock market and Bitcoin, noted Mati Greenspan, senior market analyst for social trading platform eToro. "So far we haven't seen any flows from the stocks into Bitcoin," he stated, ...
Bitcoin is unwinding in a similar fashion to the Nasdaq during the dotcom bubble nearly two decades ago, but the pace is 15 times faster, global investment firm Morgan Stanley said. The firm's strategist Sheena Shah said in a client note that the Nasdaq in 2000 and Bitcoin now, both rallied 250 to 280 percent during their peaks ahead of a market downturn. more...
If you’ve wanted to buy a consumer GPU these past few months, you’ve had nothing but tough choices to make. Current high-end cards from AMD and Nvidia are badly overpriced thanks to ongoing pressure from the cryptocurrency market. It’s a complex situation with a lot of moving parts, but the PC market, generally speaking, isn’t used to these kinds of shortages. There’s news that Nvidia is prepping ...
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