Tag Archives: Bitcoin

Bloomberg Biden’s Likely Tax Wins Are Personal-Rate Hikes, Audits of Rich (Bloomberg) — Democrats will likely prove successful in raising individual income tax rates and in strengthening audits of wealthy Americans as they work on overhauling the U.S. tax code in coming months.That’s a key takeaway from a survey of 15 current and former White House and congressional aides specializing in tax policy completed by Bloomberg this month. A tax on unrealized capital gains, as envisioned by… Source link

My brother posed a tough question on Zoom recently.  How could I, as someone working in the cryptocurrency industry, justify bitcoin’s energy footprint in the age of climate change?  Didn’t I used to write about global warming and the dangers it poses? (I did).  A lot of people are having some version of this discussion at the moment.  With BTC’s price rising and lots of green-minded VIPs, like Elon Musk, endorsing the idea, the long-running bitcoin energy debate is seeing new life.  I… Source link

Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro. The jury is out on what it means. It could be that a large investor or several just completed a fresh round of buying and now are taking the bounty off the exchange for long-term holding or other purposes. Or… Source link

Bloomberg Turkish Markets Slide as Agbal’s Exit Stokes Lira Turmoil (Bloomberg) — Turkey’s stocks, bonds and the lira tumbled as the shock dismissal of the central bank chief triggered concern the country is headed for a fresh bout of currency turbulence.In one of the sharpest selloffs in years, the Borsa Istanbul Index lost more than 9%, triggering circuit breakers that halted trading. The lira also weakened more than 9%, while yields on Turkish local and dollar bonds soared.Investors… Source link

Bloomberg Way-Off-Exchange Stock Volume Hit a Trillion, Then It Doubled (Bloomberg) — In the latest sign of extreme froth in retail trading, volume in the shadiest districts of U.S. equities doubled last month even as it slowed in the respectable parts.Trading exploded everywhere in January as the meme-stock frenzy descended on basically any company with even the faintest pulse and a good excuse to be pumped. While things calmed down in February on major U.S. exchanges, the opposite was true… Source link

Bloomberg Gold Set for First Back-to-Back Weekly Gain Since Early January (Bloomberg) — Gold rose, heading for its first consecutive weekly gains since January as the dollar wavered and investors assessed demand for the metal as a hedge against inflation.Equities fluctuated and Treasury yields retreated from the highest levels of the day, easing pressure on bullion. The Bloomberg Dollar Spot Index was little changed after rising earlier.Bullion has steadied after two straight monthly losses… Source link

Bitcoin (BTC) appears set to challenge record highs in the wake of this week’s dovish Federal Reserve meeting. One expert, however, is calling caution, based on his observation of price charts as bitcoin rose from lows near $43,000 seen earlier this month. The chart pattern has taken the shape of what’s known as a rising wedge, a sign of uptrend fatigue. “My concern is growing that we might run into a rising wedge scenario,” Patrick Heusser, head of trading at Swiss-based Crypto… Source link

Bitcoin believers may have new reason to rejoice following the stimulus checks, but Ethereum has use cases on its side. U.S. President Joe Biden’s $1.9 trillion COVID Relief Bill has passed congress and stimulus checks are soon to be distributed. Early signs indicate recipients are ready to buy Bitcoin. A survey by Mizuho Securities showed that out of 235 participants who expect to receive stimulus checks from the COVID Relief Bill, 10% are interested in investing in Bitcoin. It’s a small… Source link

(Photo: Costfoto/Barcroft Media via Getty Images) The everything rally of the last several months may be getting a lift from an unexpected source: federal stimulus money. A new Yahoo Finance–Harris poll finds that 9% of people expecting to get a $1,400 stimulus check plan to invest some of the money in traditional assets such as stocks, while 7% plan to use the money to buy cryptocurrencies such as bitcoin. Young investors are even more willing to gamble. Among 18- to 24-year-olds, 19% plan… Source link

Bloomberg Bitcoin Falls After Weekend Rally Pushes Token to Fresh Record (Bloomberg) — Bitcoin dropped Monday as traders eased up on stimulus-fueled bets that had powered the digital token to a fresh record over the weekend.The largest cryptocurrency slumped by as much as 9.2% before trading at $56,131 as of 1:04 p.m. in New York, after topping out at $61,742 on Saturday. Bitcoin reached its latest all-time high on optimism that some of the pandemic relief payments in the U.S. will end up… Source link