CRYPTO

Authored by Mark Jeftovic via DollarCollapse.com,

In the last issue we covered how Ecoinmetrics posited that the Bitcoin rally wasn’t being confirmed on-chain and that there was a chance of a 10% pullback in the month following his analysis, which was published November 22.

We did get a pullback, from $44K, which touched bottom around $40K before reversing, for a roughly 10% retracement.

If that was the pullback, it was kind of a snoozer, lasting all of 72 hours (although as I (more…)

Authored by Nick Giambruno via InternationalMan.com,

Bitcoin confuses many people, including prominent investment professionals.

Recently, I debunked the top ten most pervasive misunderstandings.

Today, I’ll continue by debunking another five.

Misconception #11—Bitcoin Is Vulnerable to Nuclear War and Utility Outages

Even if the US and Russia engaged in an all-out nuclear war, destroying most of the Northern Hemisphere, Bitcoin wouldn’t miss a beat in the (more…)

Authored by Turner Wright via CoinTelegraph.com,

The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting.

According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions.

In its annual report released on Dec. 4, the IRS investigative arm said it had initiated more than 2,676 (more…)