Bitcoin Alerts "Everything you need to know about Bitcoin".

Bitcoin is looking down after the bulls failed to defend a key level in the early Asian hours, price chart analysis suggests. Prices on CoinDesk's Bitcoin Price Index (BPI) fell below $11,000 at 01:44 UTC today and hit an intraday low of $10,805 at 03:29 UTC.  The recovery seen in the next few hours ran into offers at $11,063.80, pushing bitcoin (BTC) back to near the intraday lows. The BPI was last seen around $10,840. The world's largest cryptocurrency by market capitalization has depreciated by 3.47 percent in the last 24 hours, according to data source OnChinaFX. On Coinbase's GDAX exchange, BTC was last seen changing hands at $10,822. So, week-on-week, the cryptocurrency is largely unchanged – indicating a failure on the part of the bulls to capitalize on the sharp recovery from the Jan. 17 low of $9,005. Comments on social media indicate the investor community is cautiously bearish on bitcoin. The price chart analysis too indicates that prices could suffer a ...

Whether you've used bitcoin as an investment or as a currency, you owe taxes on it. As far as Uncle Sam is concerned, bitcoin is not currency. It's property. That means whenever you buy something with bitcoin, it's two transactions, not one. What you're actually doing is selling a property (bitcoin) for a cash value and then using money from that sale to buy a product. So every single purchase you make with bitcoin has to be reported on your taxes. For many, though, bitcoin is just an investment. If you've held those bitcoins for less than a year and sell them, that cash will be taxed as income. If you've held for more than a year, it's taxed as a capital gain — which could run 20 percent. Adding on transaction and accounting fees could raise costs to 60 percent, as was the case for one early bitcoin adopter. But here's the problem: Almost no one reports this. From 2013 to 2015, fewer than 900 people each year reported bitcoin transactions to ...

Bitcoin God arrived last month. Bitcoin Pizza was delivered in January. Bitcoin Private’s issuance date is… still a secret. They’re just a few of the growing stable of so-called forks — a type of spinoff in which developers clone Bitcoin’s software, release it with a new name, a new coin and possibly a few new features. Often, the idea is to capitalize on the public’s familiarity with Bitcoin to make some serious money, at least virtually. Some 19 Bitcoin forks came out last year — but up to 50 more could happen this year, according to Lex Sokolin, global director of fintech strategy at Autonomous Research. Ultimately, the number could run even higher now that Forkgen, a site enabling anyone with rudimentary programming skills to launch a clone, is in operation. In a Jan. 14 tweet, hedge fund manager Ari Paul predicted more than 10 percent of the current value of Bitcoin and Bitcoin Cash will reside in new offshoots. Motives behind the efforts vary. Some backers try to improve ...

The price of digital currencies like bitcoin, litecoin, ethereum, ripple and others have been all over the map in recent months, soaring over 1,000 percent before falling sharply amid government intervention in Asia. The get-rich-quick appeal of "cryptocurrencies" has everyone from flashy music stars and Hollywood actors to Wall Street and average investors climbing aboard the craze. Within what many experts see as a classic market bubble, however, lies a potentially revolutionary innovation. That technology, saddled with the unfaddish name "blockchain," could change everything from how people make payments online, to how countries fight corruption, to the very relationship between government and citizens. The upshot: If the price of bitcoin were to crash to earth tomorrow, blockchain would likely outlive it -- and continue to reshape the world in myriad other ways. "Blockchain is the technology, and bitcoin is one application of the technology," sai...