カテゴリー: Losses

In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFD

In the Daily: Cryptocurrency Payments, Nvidia Losses, Suspended CFDIn the first edition of The Daily this weekend, we focus on a study estimating that 13 percent of people have used digital coins for payments. We also look at the latest financial report from Nvidia indicating losses due to falling demand for chips used in cryptocurrency mining. Lastly, a broker suspends its crypto CFD […]

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Markets Update: TRX and NEM Post Significant Losses While Most Cryptos Consolidate

Markets Update: TRX and NEM Post Significant Losses While Most Cryptos ConsolidateThe cryptocurrency meta-trend has seen most leading markets continue to grind sideways at key support zones, though there has been a slight bounce in the last few hours. Among the weakest performing major markets in recent days are tron (TRX), which has broken a critical ascending trendline following the bittorrent token (BTT) airdrop, and nem […]

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Markets Update: TRX and NEM Post Significant Losses While Most Cryptos Consolidate

Markets Update: TRX and NEM Post Significant Losses While Most Cryptos ConsolidateThe cryptocurrency meta-trend has seen most leading markets continue to grind sideways at key support zones, though there has been a slight bounce in the last few hours. Among the weakest performing major markets in recent days are tron (TRX), which has broken a critical ascending trendline following the bittorrent token (BTT) airdrop, and nem […]

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US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last Year

US Crypto Investors Incurred $5.7 Billion in Unrealized Losses Last YearThe results of a survey published by Credit Karma estimate that crypto investors in the U.S. realized losses of approximately $1.7 billion during the previous tax season. Additionally, the report finds that U.S. investors incurred a further $5.7 billion in unrealized losses. Also Read: Plaintiff in AT&T SIM-Swapping Case Sues ‘Bitcoin Bandit’ for $81M US Cryptocurrency […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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