The brand new Crypto Scanner created by 100eyes is an alerting tool that tracks all of the 120+ available cryptocurrencie and sends alerts on Telegram based on TA style indicators such as RSI, MACD and Fibonacci. This finally means the end of the intense searching through all charts for a good entry.
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In December, Bakkt Bitcoin futures will start trading on the Intercontinental Exchange (ICE). The ICE owns 12 regulated exchanges and marketplaces globally. Bakkt LLC will physically back futures contracts using real Bitcoin, making futures similar to long-awaited Bitcoin ETF’s.
On November 15th, a Bitcoin Cash hard fork is scheduled which may see Bitcoin Cash Split into three different forms of cryptocurrency. A Bitcoin Cash hard fork takes place twice a year. However, at present, there is no consensus among BCH miners, concerning which of three proposed Bitcoin Cash upgrades will benefit from mainstream support. The Bitcoin Cash hard fork could increase the transaction capacity of blocks on the BCH blockchain from 32MB to 128MB.
Ripple Coin (XRP) briefly replaced Ethereum as the second largest cryptocurrency by market cap on November 6th, 2018. Ethereum scaling concerns and renewed mainstream financial institution interest in Ripple, have resulted in XRP Coin and ETH vying for place as the worlds second largest cryptocurrency. Ripple Coin looks set to defeat Ethereum as the world’s second-biggest digital currency, possibly in a matter of days.
Several myths and misconceptions dog Bitcoin and blockchain technology. One Bitcoin myth concerns blockchain scalability and the presumed incapacity of Bitcoin to serve more significant numbers of users. Contrary to popular belief, Bitcoin blockchain scalability shouldn’t be a problem for Bitcoin at all.
Despite rising in popularity over the course of 2017 and 2018, many people mistakenly believe that Bitcoin is illegal. Many Bitcoin myths stem from the mistaken belief that Bitcoin is the cryptocurrency of choice for Dark Web criminals. Contrary to popular misconceptions, Bitcoin is legal and will likely not be prohibited at any point in the near future.
Bitcoin could make waves again soon, especially if the stock market continues to take a hit. So, here’s a beginners guide to investing in it.
A Bitcoin mixer is an online service which anonymizes Bitcoin by mixing BTC coin amounts with those of several different users. Mixing thwarts attempts to track the real identities of Bitcoin users. Bitcoin mixing predominantly takes place on the dark web. However, new service Bicoinmix.org, provides secure mixing for regular (non-dark web) BTC users.
Capital gains tax reforms for 2018 have changed how the Internal revenue Service applies tax to cryptocurrency. Traders and cryptocurrency miners need to be aware of how tax on cryptocurrency applies to their specific situation. For day traders, short-term capital gains tax will apply to every trade. For miners, cryptocurrency is taxed as income.
In 2014, the U.S. Internal Revenue Service categorized all forms of cryptocurrency as property. By being classified as property, capital gains tax applies whenever cryptocurrency profits are realized. A 2017 amendment to the U.S. tax code, makes capital gains tax applicable whenever digital assets are traded for like amounts of other cryptocurrencies.