Cryptocurrencies

Semiconductor stocks like Nvidia, Applied Materials and Micron were synonymous with stellar gains last year amid strong demand and the cryptocurrency frenzy. Lately, it seems like the tide has turned for the once-high-flying names, and some market watchers are forecasting further downside. The entire space was slammed on Thursday, posting its largest single-day drop since
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TSMC is the world’s largest semiconductor foundry company, manufacturing chips for leading technology firms including Apple and Nvidia. Morgan Stanley said Apple’s iPhone was a big reason for TSMC’s poor guidance. “Smartphone semi weakness [is] the main reason for the revenue shortfall,” analyst Charlie Chan wrote in a note to clients Thursday. “Beside the order
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“The Basis approach to creating cryptocurrency with stable value is highly differentiated,” Erik Nordlander, engineering partner at GV, said in a statement. “We were drawn to invest in the Basis network because of the founding team’s impressive engineering leadership and vision.” A representative for Andreessen Horowitz confirmed its investment in the private placement. A representative
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New York Attorney General Eric Schneiderman announced on Tuesday that he is investigating at least 13 cryptocurrency exchanges, including the popular platform Coinbase. “Too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms,” Schneiderman said in a statement. Schneiderman said he hopes to make
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Bitcoin multiplied more than 13 times last year, and the entire cryptocurrency market gained well over $500 billion in paper value. As a result, U.S. households likely owe $25 billion in capital gains taxes for their digital currency holdings, according to estimates from Tom Lee, head of research at Fundstrat Global Advisors. However, properly reporting
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Bitcoin traded near $8,100 on Friday afternoon, up more than 18 percent for the week, according to Coinbase. The cryptocurrency suddenly shot 17 percent higher Thursday morning. Many traders attributed the spike to investors covering their shorts, or buying back into the market after betting against bitcoin. Fundstrat Global Research’s Tom Lee, the only major
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With just a few days to the U.S. tax filing deadline, still only a tiny fraction of Americans have reported their cryptocurrency holdings, according to Credit Karma. Of the most recent 250,000 filers on the Credit Karma Tax platform, fewer than 100 people reported capital gains on their cryptocurrency investments, data released Friday showed. “There’s
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Blockchain start-up Ripple, whose digital currency has seen huge volatility this year, is investing in a blockchain-focused fund to encourage the next great technology app built using its software. Ripple, which owns about 60 billion of the 100 billion ripple, or XRP, tokens ever created, said Wednesday that it would invest $25 million of that
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Early cryptocurrency investor Mike Novogratz has hired Goldman Sachs executive Richard Kim as the new chief operating officer for his merchant bank, Galaxy Digital, according to a person familiar with the matter. Kim, whose LinkedIn profile says he was an executive director based in the bank’s London office, joins Luka Jankovic, a former Goldman Sachs
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Indeed, there’s been no direct information from the IRS on whether taxpayers who invest in the digital tokens need to fill out Form 8938, which gets attached to their 1040 each year. The American Institute of Certified Public Accountants has written to the IRS, asking the agency for further guidance on foreign reporting requirements. Both
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The head of macro investing at billionaire George Soros’ family office is planning to trade cryptocurrencies, Bloomberg said Friday, citing sources familiar with the matter. Soros Fund Management’s Adam Fisher received internal approval to trade digital assets in the last few months but has not taken action yet, the report said, citing sources. The firm
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AFP | Getty Images Officials of the Financial Services Agency enter Coincheck’s headquarters to conduct a search, in Tokyo’s Shibuya district on February 2, 2018. Japanese authorities on February 2 raided virtual currency exchange Coincheck, a week after the Tokyo-based firm lost 530 million USD in cryptocurrency to hackers. Japanese online brokerage firm Monex Group
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Cryptocurrency is the default option for many people around the world who opt for investing in the digital monies. Largely scoffed by the financial community worldwide as nothing but a scam, the immense volume and value of digital coins have made major financial players and governments to rethink their views and strategy on cryptocurrencies and
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Even in its early stages, blockchain is acquiring such renown for potential that any business associating itself with the term can attract new investment overnight, prompting some to use “the B word” so casually that they’ve also attracted attention from regulators. Core blockchain software lives on the internet, available to anyone with a modem, just
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The recent decline in Nvidia shares is a great buying opportunity, according to Bank of America Merrill Lynch. The firm reiterated its buy rating for the chipmaker and added the company to its US1 top ideas list. It cited the company’s product leadership several large growth categories. Nvidia is “one of the more unique investments
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If you wish to acquire cryptocurrencies and make a profit from them, the obvious answer is that you should go to a cryptocurrency exchange. A crypto exchange is an online marketplace for various digital currencies, allowing users to buy, invest, trade and make a profit from the ever-changing value of cryptos. Basic Buying And Selling
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Ken James | Bloomberg | Getty Images A United Parcel Service Inc. (UPS) worker loads orders onto a truck in the shipping area at the Overstock.com Inc. distribution center in Salt Lake City, Utah. E-commerce company-turned-blockchain play Overstock.com‘s 4 million share offering has been canceled, according to a source familiar with the situation. Underwriter Guggenheim
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