Daily Bitz

The country’s income tax authority is tracking investors making money amid the ongoing bitcoin price rally and is all set to demand taxes, two sources familiar with the matter told The Economic Times.

The US is finally waking up to Chinese dominance in the crypto industry. SEC Urged to Support Bitcoin and Crypto Companies According to a report by The Washington Examiner, the US intelligence community is worried about the increasing Chinese influence in the digital currency industry. To that effect, the US intelligence has raised concerns about […]

With a strong correlation between stocks and the bitcoin price in recent months, analysts say a stimulus package could boost BTC as well.

The popular personal investing platform did not do enough to help targeted customers, victims claim.

Bitcoin could hit a new year-to-date (YTD) high, abetted in part by the risks surrounding the US presidential election. The analogy takes cues from a quarterly commodity outlook published by Citigroup. The American banking giant specifically based its report on gold and its potential behavior amid the election season this November. It noted that the […]

The futures monthly contract on CME saw the strongest declines in its history post-expiration on Friday. While the price of the monthly contract for August closed ($11,350) around the opening ($11,630) itself. The high and lows of the futures contract on CME were $12,625 and $11,115. Apparently, the massive short position closing towards the end […]

Researchers reportedly traced bitcoin sent as payments to Ryuk ransomware controllers and found a good portion passed through Binance.

The unknown hacker is using Tor exit relays to remove encryption on bitcoin mixer services and change wallet addresses from users to their own.

Data shows that the impacts of the recent Twitter hack were fairly limited, with a small handful of users sending just over $100,000 worth of Bitcoin to the address shilled as part of a classic crypto giveaway scam. According to recent reports, it appears that the impacts of the scam were almost far greater than […]

Kraken’s June 2020 Bitcoin Volatility Report posits that bitcoin (BTC) annualized volatility crashed to a 6-month low of 51 percent and a reversal in the coin’s bullish trend increased its correlation with the S&P 500 from 0.13 to 0.52. Bitcoin Increasingly Correlating with SP 500 and Gold  According to Kraken’s June 2020 Bitcoin Volatility Report, […]

A drop in Bitcoin trading resulted in a six-month low of Bitcoin’s annualized volatility. Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found. Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a […]

An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say. A new report analyzing on-chain activity says that Bitcoin (BTC) is now due for a bullish phase based on supply movements. Published by asset manager Stack Funds on July 2, the findings suggest that 90-day […]

Bitcoin rose in the first session of July as it maintained its short-term positive correlation with the S&P 500. The gains followed the release of the ADP National Employment Report, revealing an addition of 2.4 million jobs in the nonfarm private sector in June. Meanwhile, analysts warned about deeper corrections in both the Bitcoin and […]

A report released by crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. A report released by major crypto exchange Binance illustrates how scams targeting cryptocurrency investors attempt to gain credibility. In the report published on June 30, the exchange explained that its Binance Sentry risk investigation service observed reports of […]

Bitcoin’s status as a “safe haven asset” has grown in recent times due to its performance against a backdrop of global uncertainty This narrative has also been bolstered by the massive amounts of money printing and inflation seen throughout the globe The recent halving event shined a spotlight on Bitcoin’s deflationary structure and fixed supply […]

Cryptocurrencies are truly global in nature, and anyone anywhere with an internet connection and a wallet can make transactions without any external intervention. The second most populous country, India is one of the fastest-growing crypto markets with a huge potential waiting to be tapped. Recognizing the importance and an opportunity to further the cause of […]

Trading behemoth eToro recently published its latest quarterly report for cryptocurrencies titled “The State of Digital Assets Q1 2020.” Interestingly, data from the report suggests that XRP is the most popular cryptocurrency among the platform’s user base as more than half of them hold Ripple Inc.’s digital token. eToro Users Big on XRP Cryptocurrency exchange […]

Fear of the Coronavirus pandemic infected investor confidence, leading Bitcoin price to crash by 50% but as this occurred retail demand for Bitcoin increased and institutions left. Although the Coronavirus pandemic has led many brick and mortar industries to close operations, cryptocurrency exchanges seem to have had their best month in a long time.  According […]

About 11% of all Indonesians own some form of cryptocurrency, according to a recent report by Hootsuite, which cited GlobalWebIndex. 11% of Indonesians Own Cryptocurrency as Fiat Currency Devalues With over 270 million people, Indonesia is the fourth most populous country in the world, and the fact that 1 out of 9 citizens own cryptocurrency […]

Ransomware attacks and similar extortion schemes took in an estimated $144 million in the course of 7 years. FBI estimates show most of the ransoms were paid in Bitcoin (BTC) and went straight to mixers or exchanges. Most Ransomware Required Payment in Bitcoin Attacks that lock files and require a ransom to decrypt them have […]

Over the past few years, we’ve seen Bitcoin change from a spot trading-only market to one dominated by derivatives — evidenced by the investor activity seen on BitMEX, Deribit, the CME, Bakkt, and other crypto derivatives platforms. Indeed, the lifetime aggregate volume on BitMEX’s XBT swap future recently surmounted $2 trillion, and the CME has […]

A report published by VanEck suggests that institutional investors should allocate a small percentage of their capital to Bitcoin. A report published by investment management firm VanEck on Jan. 29 suggests that institutional investors should allocate a small percentage of their capital into Bitcoin (BTC). Per the report, “Bitcoin may enhance the risk and return […]

A report published by crypto market research firm Arcane Research, Bitcoin trading volumes more than doubled in a week. A report published on Jan. 9 by cryptocurrency market research firm Arcane Research, Bitcoin (BTC) trading volumes more than doubled in a week. Per the report, the 7-day average daily trading volume has seen a 126% […]