DAGANG NEWS

Member

best online stock trading platform Bitcoin Pares Gains Amid U.S. Treasury Crypto Tax Crackdown

Bitcoin Pares Gains Amid U.S. Treasury Crypto Tax Crackdown

best online stock trading platformBitcoin Pares Gains Amid U.S. Treasury Crypto Tax Crackdown Not everyone agrees with Roubinis claims that Bitcoin lacks utility. MicroStrategy CEO Michael Saylor described Bitcoin as a perfect store of value. More recently, the newly elected chairman of the U.S. Securities and Exchange Commission referred to Bitcoin as a digital, scarce store of value, but highly volatile.

Bitcoin cut gains after the Treasury Department said it would require that any transfer worth $10,000 or more be reported to the Internal Revenue Service. In case you missed it, yesterday, billions of dollars were wiped off the total crypto market, leading to a plunge in BTC to $30,261. The crypto has since climbed back to $40,340.

EOS was trading at $12.0660 by 12:35 (16:35 GMT) on the Index on Wednesday, down 10.06% on the day. It was the largest one-day percentage loss since May 12.

Big tech, meanwhile, was under pressure as investors shied away from high growth stocks on fears the pace of inflation is set to continue that will eventually force the Federal Reserve to tightened policy.Hasan Aziz, the project s chief technology officer, said:

best online stock trading platformEthereum was trading at $2,852.73 on the Investing Index, a gain of 17.12%.

Bitcoin Pares Gains Amid U.S. Treasury Crypto Tax Crackdown,

Notably, Acting CEO of SCA Dr. Maryam Al Suwaidi, and Amna Lootah, Assistant Director-General of DAFZA have signed the agreements.

Ethereum Soars 30% As Investors Gain ConfidenceEthereum was trading at $2,906.69 by 20:43 (00:43 GMT) on the Investing Index on Friday, up 30.32% on the day. It was the largest one-day percentage gain ever.BlockFi mistakenly sent Bitcoins instead of Tether stablecoins to fewer than 100 users as a part of their promotion. Thepany is one of the biggest cryptocurrency startups so far, which is responsible for borrowing and lending crypto as well as owns some other products. The price of the mistake is tremendous if we consider the difference in price between BTC and USDC.

best online stock trading platformInstitutional investors may dump Bitcoin for gold as prices slide below $40k, JPMorganAnalysts at JP Morgan have said that institutional investors may start dumping Bitcoin in favor of gold as the leading cryptocurrency dipped below $40,000 yesterday.

You May Also Like

comment