カテゴリー: Losses

Markets Update: Crypto Prices Begin to Slump as the New Year Approaches

Markets Update: Crypto-Prices Begin to Slump as the New Year ApproachesMost cryptocurrencies took a hit on Christmas Day, losing between 5-10% after having a decent run of solid gains last week. Some traders had assumed digital asset markets would be rather dull during the holidays, but the correction was deep and fast. At the moment, the entire cryptocurrency economy is worth $126 billion as traders […]

The post Markets Update: Crypto Prices Begin to Slump as the New Year Approaches appeared first on Bitcoin News.

Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage

Taxes have been a hot topic in the cryptocurrency world this year. Many countries have been trying to figure out how to tax crypto assets, while traders have been figuring out how to lever them to write off losses. As bitcoin and other cryptocurrencies enter the mainstream, tax reduction strategies are starting to emerge. Also […]

The post Cryptocurrency and Taxes: How to Use 2018’s Losses to Your Advantage appeared first on Bitcoin News.

IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm

IRS to Face Record Number of Loss Claims, Says Crypto Accounting FirmNode40, a developer of bitcoin tax-reporting software, expects the U.S. Internal Revenue Service (IRS) to receive a record number of cryptocurrency-related tax return claims this year, as it predicts that many investors will decide to declare their losses. Also Read: G20 Leaders Declare Commitment to Regulate Crypto Assets Pros and Cons of Reporting Cryptocurrency traders […]

The post IRS to Face Record Number of Loss Claims, Says Crypto Accounting Firm appeared first on Bitcoin News.

Chatter Report: Pompliano Praises Bitcoin Performance, Antonopoulos Says Death Spiral ‘Unlikely’

Anthony Pompliano: Bitcoin "Best Performing Asset”, Andreas Antonopoulos: Bitcoin Death Spiral “Unlikely”In today’s Chatter Report, we explore the different ways crypto influencers have been responding to the low prices of 2018. Some are unfazed like Anthony Pompliano, who still believes that bitcoin is the best performing asset. Others are reassuring like Andreas Antonopoulos, who has been busy addressing concerns about bitcoin being in a death spiral. The rest […]

The post Chatter Report: Pompliano Praises Bitcoin Performance, Antonopoulos Says Death Spiral ‘Unlikely’ appeared first on Bitcoin News.

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore

The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in SingaporeThe majority of cryptocurrency traders recorded losses on their investments last month, according to a report we’ve covered in The Daily. In this edition, we also look at the new debit cards allowing customers in Singapore to spend cryptocurrencies anywhere Visa is accepted and the decision of a large cryptocurrency mining company to move one […]

The post The Daily: September Losses for Most Traders, Crypto Debit Cards Shipped in Singapore appeared first on Bitcoin News.

Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses

Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin LossesMany altcoins have posted significant losses in recent days, with ETH currently testing price levels not seen in over 12 months after losing 40% in roughly one week. The declining value of altcoins has also driven BTC to continue to establish new highs for market dominance during 2018. Also Read: Chinese Report Finds 9 in 10 […]

The post Markets Update: ETH Hits 14-Month Low Amid Heavy Altcoin Losses appeared first on Bitcoin News.

Markets Update: Shorts Continue to Rise as Bearish Sentiment Ensues

Markets Update: Shorts Continue to Rise as Bearish Sentiment EnsuesCryptocurrency markets have lost considerable value since our last markets update three days ago. The entire digital currency economy of roughly 1900+ assets has lost $35 billion since then, and a great majority of cryptocurrencies over the last 24 hours are in the red seeing significant losses. Also Read: New Information Heightens Satoshi Nakamoto Mystery Crypto-Markets […]

The post Markets Update: Shorts Continue to Rise as Bearish Sentiment Ensues appeared first on Bitcoin News.

South African Tax Authority Going After Crypto Traders

South African Tax Authority Going After Crypto TradersThe South African Revenue Service is working to improve the tracking of cryptocurrency traders and their transactions in order to verify if they are paying taxes. According to its Commissioner, the agency is exploring ways to better identify those that are profiting from trading digital assets and check if they are evading taxation. Also read: […]

The post South African Tax Authority Going After Crypto Traders appeared first on Bitcoin News.

Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance

Markets Update: Crypto Prices Consolidate After Failing to Surpass ResistanceCryptocurrency prices have seen some recovery after our last markets update four days ago when a large majority of digital assets lost quite a bit of value. Since then, and more so over the last 48 hours, the entire crypto-economy capitalization ($216B) has gained roughly $20B. The action yesterday was more bullish as most of […]

The post Markets Update: Crypto Prices Consolidate After Failing to Surpass Resistance appeared first on Bitcoin News.

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders

Okex Socializes Loss From Over $400 Million Bet Among BTC Futures TradersAnyone getting involved with leveraged trading must assume upon themselves the risks associated with the potentially highly rewarding practice. A recent event should remind traders that, sometimes, even when the trade goes your way, you can still take a hit. Okex socialized one trader’s massive loss on BTC futures with a clawback. Also Read: The […]

The post Okex Socializes Loss From Over $400 Million Bet Among BTC Futures Traders appeared first on Bitcoin News.