Today in the news:
- The weekend saw some nice gains for most cryptocurrencies, but the market has returned red again today.
- Hardly anyone in the US is paying taxes on their bitcoin gains.
- Samsung is developing a blockchain platform to manage its global supply chains.
- The Hong Kong securities watchdog argues many ICOs may be frauds.
- And more crypto news below...
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Latest Crypto News - April 16, 2018
Resistance Ahead: Bitcoin Bulls Must Break $8,500
A move above resistance at $8,500 would provide confirmation bitcoin's bear market has ended, the technical charts indicate.
Read more: www.coindesk.com
More sources about Bitcoin's price:
Samsung Wants To Use Blockchain For Its Huge Global Supply Chain
South Korean electronics giant Samsung revealed it intends to use Blockchain for its global supply chain, Bloomberg reported April 16.
Read more: cointelegraph.com
Other sources:
- Samsung Explores Blockchain for Tracking Global Shipments
- Samsung Electronics Turns to Blockchain to Manage its Global Supply Chains
- Samsung to Leverage Blockchain for Shipping Processes
Pantera Capital Predicts Record BTC Prices Within 12 Months
Pantera Capital Management, a leading investor in the cryptocurrency sector, has predicted with “strong conviction” that bitcoin has established a local bottom. The fund anticipates that $6,500 will comprise the low of the current bear market, anticipating that the markets are likely to break into new all-time highs within 12 months.
Read more: news.bitcoin.com
'Downright Fraud': Hong Kong Securities Watchdog Warns on ICOs
The deputy head of Hong Kong's Securities and Futures Commission has taken a skeptical tone in statements on initial coin offerings.
Read more: www.coindesk.com
Other sources:
Hardly anyone is paying taxes on their bitcoin gains as filing deadline nears
With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer than 100 people reported capital gains on their cryptocurrency investments.
Read more: www.cnbc.com
Other sources:
Coinsource Installs 20 Bitcoin ATM Machines Around Washington DC
Buying cryptocurrency has just become easier for all residents of the US capital, as the American bitcoin ATM network, Coinsource, has now expanded into the Washington DC metropolitan area. With this latest installment, the company now boasts of operating almost 200 machines across the US.
Read more: dollardestruction.com
Malta Proposes Test to Define When ICOs Are Securities
The EU nation of Malta is moving closer to introducing a test that would clearly define when assets derived from initial coin offerings (ICOs) are securities.
Read more: www.coindesk.com
Mastercard Patents Blockchain Tech To Combat Fake Identities
MasterCard files patent for private Blockchain system to store, verify and protect identity data.
Read more: cointelegraph.com
Binance Announces Quarterly BNB Burn to Distribute Earnings
Binance finished another installment of its quarterly token burn, aimed to increase the value of Binance Coin, as well as serve as a mechanism to distribute earnings. In the run-up period to the token burn, BNB was growing, but the news itself saw the asset retreat a little. The burn of 2,220,314 tokens is worth around $30 million.
Read more: cryptovest.com
Barclays Launches Venture Capital Unit To Invest in Smart Contracts and Blockchain Tech
One of the biggest bank in the world has launched a Venture Capital (VC) unit with a focus on investing in blockchain technology, smart contracts and artificial intelligence.
Read more: www.trustnodes.com
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The red market makes me wanna cry ... It is really great that Samsung is adopting blockchain as well .... You are really doing great from your news report ... Thanks a lot for the information shared here ... Have a great day ahead
@penguinpablo - any chance you could still include STEEM in your charts even if it's currently out of the top 30 coins by market cap?
That is a good one, although Steem should actually be at least in the top 20 of course ;-)
I agree with @yabapmatt - it would be great to still have it :)
I do suspect that some investors are taking some profit out of the market after the run at the end of last week! At least I hope that this is causing the red figures!
Thank you for sharing this information @penguinpablo and very useful to us all.
I so like the volatility we have in the market now
It was supposed to reach 9000
But well, from where it had already been broken in this line, expectations were that happen again
very important information .. thanks for sharing ..
This is good news. There will be no sympathy for a lone tax evador. When it happens with masses of people, it can become a movement. Even if you believe people should pay their taxes, the actual tax applied to cryptocurrency is insanely complicated and dangerous (especially capital gains realized in one year but put back into crypto the next, with losses the next year).
The wider public won't sympathize with tax evasion until there is an alternative system for collective financial governance working effectively, but you could have an 'accidental movement' due to so masses of people caught unawares by unfair and hard to understand systems of tax.
Taxation is theft!
And maybe people who dabble in cryptocurrency don't trust Credit Karma Tax.
Finally crypto prices aregoing to break out the resistances. Hope next couple of months will be bullish trend.
I go more into EOS's price trading here. Here's a more detailed graph.
Thanks for the news.
Too bad there is so much red colour :(
I like your reports, and it is a part of my daily read :) Good job @penguinpablo!