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Bitcoin Is Off About 43% From Its Recent Peak

This article is from Barron’sBy Liz Moyer and Barbara Kollmeyer Bitcoin prices stabilized on Monday, after investors endured another weekend tumble for cryptocurrencies. A Sunday selloff for Bitcoin extended a week of declines following increased scrutiny on the sector by regulators in the U.S. and China. After soaring earlier this year on a wave of investor interest, the […]

US Treasury proposes crypto transactions over $10K be reported to IRS

Published on May 19th, 2021 by Turner Wright – @onceatraveler – https://cointelegraph.com Saying crypto posed “a significant detection problem by facilitating illegal activity,” the government body specifically mentioned that crypto businesses were in its crosshairs. Officials at the United States Department of the Treasury are calling for exchanges and custodians to report crypto transactions greater […]

Institutional investors dump Bitcoin for gold, JPMorgan analysts say

Published by Helen Partz – Cointelegraph – May 19th, 2021 JPMorgan still sees a $140,000 Bitcoin price as a long-term theoretical target. Amid Bitcoin touching five-month lows near $30,000, JPMorgan Chase analysts suggested that large institutional investors are now dumping Bitcoin (BTC) in favor of gold. In its Tuesday note to clients, JPMorgan suggested that […]

Coinbase is down for some users as Bitcoin sees massive sell-off

PUBLISHED MAY 19 2021 9:41 AM By @JBURSZ – Jessica Bursztynsky – https://cnbc.com Crypto-exchange company Coinbase appeared to be down Wednesday morning, as digital coins plunged. The company’s stock fell 10% just after trading began Wednesday. Several social media users seemed frustrated at the app and site’s error while cryptocurrencies were plunging, looking to buy […]

3 Banks That Have Big Plans for Blockchain and Cryptocurrency

@BramBerko – By Bran Berkowitz – Jan 27, 2021 – https://fool.com All of these banks are creating payments systems and/or lending products that cater to institutional investors in the crypto space. Various cryptocurrencies such as bitcoin and ethereum soared at the end of 2020 and into the new year, albeit with a lot of volatility, […]