Bitcoin prices suffered further bloodshed Thursday night, falling below $3,300 and hitting a fresh, 2o18 low. The digital currency declined to as little as $3,293.31, according to CoinDesk bitcoin price data. At this point, the cryptocurrency was down roughly 11% in the last 24 hours and approximately 83% from its all-time high of nearly $20,000, additional CoinDesk figures reveal. more...
Bitcoin fell below $5,400. What caused this sharp drop? This downward movement took place as the broader cryptocurrency market also suffered notable losses, declining from a total value of $210 billion earlier in the day to almost $180 billion by roughly 15:30 UTC (approximately 10:30 a.m. ET), according to CoinMarketCap. When explaining what caused the sharp decline in bitcoin prices, analysts generally pointed to either ...
OXFORD, UK and GENEVA, SWITZERLAND: Coinschedule, the British blockchain portal, and Trecento Blockchain Capital, an asset management company, have announced today the launch of a joint investment fund called "Coinschedule Trecento BC Fund", which will invest in early stage blockchain companies including token offerings and equity-based deals. ...
Lloyd Blankfein, chief executive officer of the investment banking giant Goldman Sachs, said he is not into cryptocurrencies and was at a loss to explain why they should be successful as an asset class. In an interview at the Economic Club of New York, Blankfein said, "But if it [cryptocurrency] did work, I will be able to explain in hindsight why it did." more...
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...
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