Crypto Currency

  Almost 1 Million Bitcoin Is Held by Darknet Markets, Crypto Scammers and Hackers : | Hacking | Cryptocurrency |   Scammers | Darknet | Bitcoin | The latest analyses conducted by notable blockchain intelligence firms have intimated the status of Bitcoin holdings within the darknet and cybercriminal circles. The findings, as interesting as they were, showed that almost 1 million Bitcoin was being held by bad actors. It also turned out that crypto exchanges serve the majority of darknet users by helping them conduct bitcoin-to-fiat conversions. In addition, experts discovered that a host of bad actors depend on crypto mixing services to obscure the origins of their bitcoins. According to data collected by blockchain analytics firm Chainalysis about 4.81 percent of the global Bitcoin supply is in the hands of bad actors - its  new Market Intel Report  places the figure at 891,781 BTC. The above figure represents $9.7 billion worth of funds that reportedly accounts for the amount of crypt

Will Quantum Computing Break Bitcoin & Crypto? : A close in-depth look at the effects of quantum computing on cryptography, blockchains, and cryptocurrencies. Over the past few years, top computing companies including Google and IBM have been working on quantum computers – the most advanced and most powerful computers. These computers are built using the science of quantum physics allowing them to solve complex mathematical equations faster than normal computers and even the best of supercomputers today. The advancement of quantum computers makes all encrypted data vulnerable to hacking and theft. In this article, we discuss the development of quantum computers and why “quantum supremacy” might be the end of cryptography, blockchain technology, and cryptocurrencies as we know them. Hint: It has to do with security. So, what is quantum computing and how do supercomputers work? What does crypto have to do with them? Continue reading in the  NOWPayments blog.

 This Is Not 2018 - It's Time To Buy The Dip! : Buy The Dip! We have been seeing this meme over the last few years, constantly encouraging buyers to buy the dip! I guess over the long-term there is never really a bad time to buy Bitcoin but there definitely is a better time to buy Bitcoin! Buying dips in a bear market defeats all rationality, especially over the medium-term. Sure, in the short-term you can trade and secure profits but it makes more sense to allow the bear market to reach exhaustion and then to await a trend reversal and then begin buying the dips in a technical bull market. Furthermore, trading long in a bear market can get you wrecked even if you are scalping. Bitcoin is known to drop significantly in minutes, even seconds. Buying dips in a bear market is quite simply, not the best strategy as in a few weeks or months the price will be even lower than the previous dip! Get Your Bull On! Technically, we are now in a bull market despite the current price drop in BTC

Paying Taxes in Bitcoin and Ethereum Possible in Switzerland Canton of Zug from 2021 : Citizens and businesses in the Swiss canton of Zug will be able to pay taxes in Bitcoin (BTC) and  Ethereum (ETH)  from 2021, following a partnership between authorities and Zug-based crypto broker and custodian Bitcoin Suisse, according to a  report  published on September 3. Citizens and companies of Zug will be able to pay up to 100,000 CHF (~$110,000) with either Bitcoin or Ethereum; partial payments in cryptocurrency will not be accepted The tax scheme will be piloted in the upcoming weeks, with the launch planned for February 2021 Bitcoin Suisse will convert cryptocurrency payments into Swiss Francs before transferring the payment to authorities Zug is known as “Crypto Valley” for its crypto-friendly regulation and the presence of several cryptocurrency startups

  BITCOIN Fights Back: Is This The Start Of Something Great? : BTC Fights Back: Is This The Start Of Something Great? Back in August,  Forbes reported  that George Ball, a big name in the investment world, put forward an interesting prediction. George Ball, CEO of the billion dollar financial services firm Sanders Morris Harris, advocated that a potential turning point for Bitcoin would begin on Labor Day, September 7th. The prediction came in an interview with Reuters you can watch  here . George Ball made the comments in the context of investors dealing with a summer dull and the effects of COVID. In a context of a stock market heavily inflated and held up solely by the BRRR money printer of fiat and stock buy-backs, the danger of a turning point becomes greater and greater. A looming threat hangs over the market when that market is held up by liquidity and only liquidity. As investors and traders await a new spark, which may never come, they begin to get more and more shaky and unce

 Crypto Investors Own Percent of NY Bank Deposits : Photo by  Quintin Gellar  from  Pexels While most banks are still steering clear of   Bitcoin , Metropolitan Commercial Bank seems to have embarked on the road less traveled. A commercial bank based in New York, Metropolitan recently shared the fact that cryptocurrency investors and clients make more than 15 percent of their deposit transactions. Metropolitan plans to keep moving in this direction by continuing its support for digital asset traders. According to Metropolitan bank’s CTO,   Nick Rosenberg , the bank has come to understand that cryptocurrency is a “serious industry” with “very interesting ideas coming out that could really change the way people do business.” Moreover, the Director of New Products Kyle Hingher has stated that Metropolitan envisions its future as being one of the prominent banks in the cryptocurrency industry. Could this be the beginning of a   rapidly evolving trend   among banks? Embracing the cryptocurr