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india bitcoin crackdown

India to Crackdown on Bitcoin, Cryptocurrency Usage

Presenting the country’s budget plan for 2018 today, Indian finance Minister doubled down on refusing to recognize cryptocurrencies like bitcoin as legal tender amid talk of a wider crackdown on their usage. Speaking at the Indian Parliament while presenting the Union Budget 2018-19 today, India’s finance minister Arun Jaitley said: “The Government does not consider […]

bitcoin crash

Scenarios That Could Cause the Price of Bitcoin to Tumble

In 2017, Bitcoin gained nearly 14,000% making the digital currency the story of the year. But its ascent to the top of the cryptocurrency market is not without risks. Bitcoin’s market dominance has fallen from a lofty 85% in January 2017 to 38% at the end of 2017, reflecting investors’ uneasiness about placing all their […]

Bitcoin Huge Crashes

Bitcoin is known for its wild swings. A few Days Back, it dropped under $10,000… a fall of around 50% from its December highs. It’s since recovered some, but that is a serious drop. In bitcoin’s history… 50% drops are not uncommon. Crash #1: In 2013, it dropped from $233 to $67 in a single […]

bitcoin falling

Bitcoin Could Fall to $1000 – Wall Street Analyst

Bitcoin’s well-documented plunge of the past month could just be a precursor of what’s to come, according to one well-respected Wall Street veteran. Peter Boockvar, chief investment officer at Bleakley Advisory Group, says the cryptocurrency could fall as much as 90%, taking it back to levels it hasn’t seen since Feb. 2017, when prices began […]

India government send tax notices

India Government Sends Tax Notices to Cryptocurrency Traders

India’s government has reportedly sent tax notices to cryptocurrency traders and investors following a nationwide survey. According to Reuters, a survey found that Indian citizens conducted more than $3.5 billion worth of trades and other transactions across a 17-month period. The government also collected data from nine exchanges within the country, and per the report, […]

bitcoin price below $10000

Bitcoin dips below $10,000

Bitcoin has traded below $10,000 for the first time since early December. The value of one bitcoin fell to $9,200 before making a recovery, according to Coindesk price index. That represents a drop of more than 53% since it peaked close to $19,800 five weeks ago. Other crypto-currencies have also experienced steep falls, including Ethereum, […]