BiExpert Claims IRS can Boost Bitcoin’s Value Once One Can Pay Taxes with BTC, Worthless Otherwise

2018-12-14 20:45

There are those who argue that cryptocurrency does not any inherent value, but the counter to that is that paper money is valueless as well.

The latter argument may not be viable though, especially because fiat currencies are “backed” by the government. Thus, it has value.

When it comes to cryptocurrencies, their worth comes from those who believe in it. For the community to believe in cryptocurrency, it must have a use power. There is also the argument that to have staying power, it is necessary to allow citizens to pay their taxes using the cryptocurrency.

The good news is that there has been some transition. For example, Ohio is the first state that will allow residents to pay their taxes using bitcoin. The bitcoin payment will then be converted into dollars. Hopefully this is the start that leads to a bright future.

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value comes especially fiat currencies though latter

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Dogecoin Price Uptrend Continues Through Minor Gains

When it comes to different cryptocurrencies, Dogecoin is always doing its own thing. It is not a very valuable currency per coin, but it tends to buck market trends like no other. Today is no different in this regard, as it continues to note some solid gains in USD value, yet lost some value over […] The post Dogecoin Price Uptrend Continues Through Minor Gains appeared first on NullTX.

2018-12-13 23:15


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Bitcoin Price Analysis: Bear Pennant Breakout Puts $1,700 Price in Sight

Another week, another low. Bitcoin’s market has been bleeding relentlessly for weeks and now, after falling 50% in value in just one month, the market has managed to break south of a major bearish consolidation pattern called a bear pennant:Figure 1: BTC-USD, 4-Hour Candles, Bear Pennant BreakoutThis is a massive bear pennant with a staggering $2,000 measured move.

2018-12-12 01:52


Wyoming Passes Bill to Secure Banking Relations for Blockchain Companies

The state of Wyoming has passed a blockchain bill that allows banks to provide banking services to blockchain companies in the state. According to the legislative document, the new bill would create a new banking category called the Special Purpose Depository Bank, a group of financial institutions in the state that provide banking services to blockchain-based businesses.

2018-12-3 19:48


Ether Price Analysis: Untested Support Leaves Shaky Foundation During Drop

Much like the rest of the crypto market, ether has found itself devalued by more than 90% since its all-time high of $1,400 back in December of 2017. And now, almost a year later, ether sits just above $100 on what appears to be shaky ground during its latest round of selling over the last few weeks:Figure 1: ETH-USD, Daily Candles, Rapid DescentSimilar to bitcoin’s movement discussed in yesterday’s article, ETH-USD experienced a parabolic growth profile during its bull run.

2018-11-28 01:55


Ripple’s XRP Way Undervalued: The firm’s Impact to the Coin

When time of great price decline comes by, many traders and crypto-enthusiasts equal the cryptocurrencies‘ ecosystem value with its price performance against a certain traditional currency. However, if certain virtual currencies are detached and analyzed one by one, out of the leading coins there are those that showcase true present-undervalue for what they offer or will deliver […] The post Ripple’s XRP Way Undervalued: The firm’s Impact to the Coin appeared first on Ethereum World News.

2018-11-28 23:08


Bloq CEO, Crypto Pioneer Jeff Garzik: Bitcoin’s Store Of Value Property Is Unquestionably Successful

Bloq.com CEO Says That Bitcoin Is An Unquestionable Success When It Comes To Store Of Value One of the earliest figures in the crypto community, Jeff Garzik was recently interviewed by Bloomberg in which he said that when it comes to being an agent for storing value, bitcoin has been an unquestionable success. Jeff’s Journey […]

2018-11-11 23:47


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


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