CryptoTraderNews Archives - Page 6 of 20

ThursdayNov 07, 2019 12:26 pm

Bitcoin and Macro Strategy Investing

Bitcoin and digital currencies largely revolve around macro movements. There are several narratives around bitcoin that support a macro investing strategy in bitcoin. We will cover a few of these characteristics today. Bitcoin and Currency Devaluation Countries across the world rush to devalue their currencies to remain competitive and in line with their global peers. They do so to remain competitive in import and export markets. They wish to remain stable and maintain relationships with merchants and corporations. Currency fluctuations can hurt or bolster trade interest and is a crucial aspect of trade. Devalued currencies encourage potential strong exports and…

WednesdayNov 06, 2019 12:23 pm

UK Updates Tax Policy For Crypto Assets

It seems the United Kingdom tax authority has updated its policies concerning crypto assets. The authority has reiterated that Bitcoin is not money, and on Friday, Her Majesty’s Revenue and Customs department (HRMC) updated its tax policy related to cryptocurrency. Here’s what you need to know to stay compliant with the British taxman. HRMC’s statement on crypto assets: tax for businesses only provided details for what it calls “exchange tokens” such as Bitcoin. It will, however, provide more information on security and utility tokens at a later date. Businesses, in particular, will pay tax if they use exchange tokens: By…

TuesdayNov 05, 2019 1:31 pm

The Single Most Influential Person in the Bitcoin Universe

Roger Ver has pretty much seen and done it all in the Bitcoin orbit, especially since he’s been one of the few people whose been a Bitcoin evangelist from virtually the beginning. Ver has worked tirelessly to advocate for the network, the cryptocurrency, and the investment into and for the Bitcoin network. Indeed, we have no problem stating that Roger Ver is probably the single most influential person in Bitcoin today. From preaching the merits of Bitcoin to any and all who would listen and learn about a new protocol to funding early crypto startups, Roger Ver’s support for the…

MondayNov 04, 2019 12:03 pm

U.S. National Debt at $23T and How Cryptocurrency Can Help

“The most significant threat to our national security is our debt.” This was said by Adm. Michael Mullen in 2010, but nearly ten years ago the federal debt totaled $13T and here we are on the verge of reaching the $23 Trillion mark on debt. Is cryptocurrency the solution, or at the very least, a beacon of hope to dig ourselves out of this oppressive debt? Consider that in addition to the existing debt, the nonpartisan Congressional Budget Office expects an annual deficit of $1 Trillion a year over the next 30 years even without a recession, a major war,…

FridayNov 01, 2019 12:21 pm

Is Litecoin Destined To Die?

There’s been a lot of speculation surrounding the viability and longevity of Litecoin; some wondering if it may be destined a die. And while this may seem inconceivable to some, there may be some merit behind the concerns. Since its halving, over 50% of the nodes in the network have shut down operations. The Litecoin Foundation barely has any money left, down from more than one million in income last year to $70,000 in minus this year. The income of a million was mainly due to a donation of $830,000 but they also made about $200,000 on merchandise sales. This…

ThursdayOct 31, 2019 12:14 pm

What’s Happening With The Economy Today?

We have seen a boom in the traditional equities over these past ten years and interest rates slowly rose but are still at relative lows. Banks are supposedly stronger, and liquidity is also present in the financial system today. Unemployment is at historic lows and inflation, according to the Federal Reserve, is not really there. So, what’s happening with the economy today? While everything seems to be high on the surface, we do see signs of weakness and issues in the economy. For instance, unemployment is low, but the Federal Reserve of the United States hesitates to raise interest rates.…

WednesdayOct 30, 2019 11:57 am

5 Altcoins That Pay Dividends To HODL

It is a common notion among crypto traders that the only way to earn from cryptocurrencies is through day-trading, but there are several ways to earn passive income for just HODLing. Indeed, one of the popular ways is to earn is through dividends on altcoins that you hold long-term. What is a crypto dividend? Savings accounts from a bygone era used to pay over 5% annual interest just for holding funds with the bank. In essence, you let the bank invest your money and you get a small percentage by way of a dividend. Unfortunately, bank rates are pretty terrible…

TuesdayOct 29, 2019 11:51 am

Zuckerberg in Congress | An Overview

Facebook CEO Mark Zuckerberg met the Congress with the goal of convincing them that the company’s campaign into the cryptocurrency sphere is a good idea, but he was vehemently met with Facebook’s past failures and the Cambridge Analytica Scandal. Facebook has to regain trust before moving forward with the Libra project. Chairwoman Maxine Waters laid out her grievances with Facebook and expressed skepticism over the social media giant’s crypto project. Waters suggested that Facebook’s recent decision not to fact-check political ads has failed an issue of national importance. According to the debate in Congress, Facebook’s Calibra association based in Switzerland…

MondayOct 28, 2019 12:20 pm

Virgin Galactic Goes Public Today

We truly live in amazing times. Private companies are doing more than merely launching satellites into space. Now they are going public and taking wealthy consumers into space with them. The first of these will be Virgin Galactic, which will be publicly traded starting today. Interested investors can purchase the stock, which will trade on the NYSE with the ticker symbol SPCE. Richard Branson and other billionaires have dreams of commercial space tourism and are gearing up to implement these visions sooner than you think. Sentiment in this sector will be fascinating as more entrepreneurs will likely launch their own…

FridayOct 25, 2019 12:56 pm

Bitcoin: A Creative Solution For Universal Basic Income

Though just a hypothetical, this article will touch on the idea that Bitcoin (BTC) is a creative solution for Universal Basic Income (UBI). You may have heard Democratic presidential candidate, Andrew Yang, talking about Universal Basic Income on the campaign trail, but exactly what is UBI? The quick answer is that it is the notion that every person, irrespective of their employment status, should be guaranteed a regular income. Some people are captivated by this idea; others scoff. The ones in favor of UBI believe it will encourage entrepreneurship and rescue people from the extinction of jobs caused by automation…