Late last week, the price of Bitcoin experienced one of its biggest spikes in recent history, surging by 42% in just 48 hours. Yet even a week later, market watchers are generally mystified as to what prompted the action. Several theories have emerged, and we break them down here. Which of these do you believe should get credit?
Image by USAF illustration/Sr. Airman Courtney Witt / CC BY 2.0 The IRS has issued some long-awaited tax guidance on virtual currencies. The new guidance comes on the back of the agency’s recent efforts to educate taxpayers on their tax-reporting obligations arising from the receipt, use, and disposition of crypto. This crypto tax guidance also comes…
Following in the footsteps of the Federal Reserve creating $210 billion out of thin air, Bitcoin edged even closer to its hard cap of 21 million tokens. If you’re not thinking about the implications for both the dollar and Bitcoin, find out here why this is so critical for the long-term prospects of each.
One of the celebrities of the crypto and blockchain world is Jeremy Gardner, serial crypto entrepreneur and disruptor extraordinaire. He’s on a mission to make the world a better place, one business venture at a time and always seeking the next problem to solve. Co-founder and managing partner of Ausum Ventures, a hybrid venture and…
As the crisis in Hong Kong turns from bad to worse, citizens of the Chinese island are finding refuge in Bitcoin, thus highlighting some of the currency’s true benefits. What they are learning firsthand right now can be instructive for anyone.
At Coinvention last month, we heard Bitcoin Market Journal‘s John Hargrave speak about the way in which blockchain brings communities together, and he shared very powerful insights on how local communities can come together to drive industry progress forward. John is currently traveling around the country promoting his book, Blockchain for Everyone, which is an awesome…
The winner of the BitIRA U Scholarship for Fall 2019 has been announced. We do have an honorable mention for the contest. Harsha Somisetty, a Computer Science major from Rutgers Business School in New Brunswick, New Jersey, wrote an essay about what the future of cryptocurrency and blockchain will look like in the next 20…
Kelly Loeffler and Jeff Sprecher, founders of the crypto futures platform Bakkt, have confirmed that they’re already looking to expand less than two weeks after the launch of their futures exchange. Although the lauded exchange has been a news item for more than a year, it wasn’t until late last month that the platform finally…
The winner of the BitIRA U Scholarship for October 2019 has been announced. Alexander Lewis, a college freshman from California State Polytechnic University, San Luis Obispo, wrote an essay about what the future of cryptocurrency and blockchain will look like in the next 20 years. Below is the essay that Alexander submitted: In the next 20…
Everyone has a different reason for getting excited about the world of blockchain and cryptocurrency: the technology, the opportunity for decentralization, being at the forefront of the next “big thing” in technology—these are just some of the biggest motivators. For Divi Project co-founder Nick Saponaro, the opportunity to innovate through a one-click masternode solution alongside the…
