Market Update: Bitcoin Train Inches Toward $10K, Wild Predictions, Trillion Dollar Crypto Economy
On Wednesday, the market valuation of all 5,000+ cryptocurrencies is worth around $277 billion after a few coins gathered decent gains during the morning trading sessions. Today, bitcoin is trading for over $9,783 per unit and many traders believe the asset will surpass $10K once again. However, there is a significant amount of resistance at the psychological $10K zone and it’s going to take a strong bull charge to break it....
A Number of Small Bitcoin Mining Farms Are Quitting as Older Mining Rigs Become Worthless
Bitcoin mining has changed a great deal since the block reward halving on May 11, 2020, and the overall SHA256 hashrate has been between 100-120 exahash per second (EH/s) during the last 48 hours. Reports from China show that a number of small mining operations are struggling and older bitcoin mining machines are becoming useless. After the bitcoin (BTC) reward halving, mining competition grew extremely fierce and it is much harder...
Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses
A loophole in the U.S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.S tax collection agency Internal Revenue Service (IRS) as people who trade substantially, regularly and continuously, are allowed a maximum capital loss deduction of $3,000 per year. Excess losses are indefinitely carried...
Removing “Annoying” Windows 10 Features is a DMCA Violation, Microsoft Says
Since Windows was first released, people have been modifying variants of the world-famous operating system to better fit their individual requirements. Many of these tweaks can be carried out using tools provided within the software itself but the recently-released Ninjutsu OS aims to take Windows 10 modding to a whole new level. Released on May 7, Ninjutsu OS claims to take Windows 10 and transform it into a penetration testing...
Police Shut Down Pirate IPTV Operation With Two Million Subscribers
In recent years, unlicensed TV subscriptions have been flourishing, with hundreds of vendors offering virtually any channel imaginable for a small monthly fee. This is seen as a major threat by copyright holders and law enforcement authorities are also taking the matter seriously. That became apparent again today, as law enforcement authorities announced one of the largest IPTV busts in history. In an operation led by Spain’s...
