Litecoin price breakout from bull flag on the 12-hour chart The digital asset faces no significant resistance ahead, according to on-chain metrics.  The cryptocurrency market turns extremely bullish again ahead of Coinbase IPO.  Litecoin (LTC) price has been trading inside a robust uptrend since March 25 and just hit a new 2020-high at $270. On-chain metrics show practically no resistance ahead as the digital asset targets $320. Litecoin price breaks out of key… Source link

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FILE- This Jan. 21, 2017, file photo shows the floor of the main lobby of the Central Intelligence Agency in Langley, Va. The FBI “exercised remarkable caution and candor” in securing search warrants that led to espionage charges against a former CIA employee, prosecutors have told a federal judge presiding over the case. Prosecutors said a court hearing is not necessary to reject Joshua Adam Schulte’s claims that evidence should be tossed out because searches of his New York City… Source link

Specialist crypto ETP provider ETC Group has unveiled its third product, the LTCetc – ETC Group Physical Litecoin ETC (ELTC GY). Bradley Duke, CEO of ETC Group. Set to debut on Deutsche Börse Xetra on 14 April, the ETP will provide institutional investors with fully backed exposure to litecoin. Litecoin, currently the world’s ninth-largest crypto asset by market cap, originated in October 2011 as an early spinoff from bitcoin. It is similar to bitcoin in that it has… Source link

A widely-followed crypto strategist and trader is looking at four altcoins that he believes are gearing up for massive moves. In a new tweet, the analyst known in the industry as Smart Contracter tells his 121,900 followers that he’s closely watching the lower timeframe price action in Ethereum. According to the trader, the ETH/BTC pair is almost ready to break out and launch the next phase of its bull rally. “10 days of ETH/BTC reaccumulation. When this… Source link

Ethereum Ethereum fell by 0.58% on Monday. Partially reversing a 0.82% gain from Sunday, Ethereum ended the day at $2,138.03. A mixed start to the day saw Ethereum rise to a mid-morning intraday high and a new swing hi $2,199.11 before hitting reverse. Ethereum broke through the first major resistance level at $2,172 and the second major resistance level at $2,193. Coming up against resistance at $2,200, Ethereum slid to a late afternoon intraday low $2,102.55. The reversal saw Ethereum fall… Source link

The Briefing Today, the top 1% of U.S. households own 31.2% of total wealth Data going back over 200 years suggests that wealth inequality in both the U.S. and Europe reached its peak in the early 1900s What The Data Says About Wealth Inequality Wealth inequality has gone through peaks and troughs throughout history. Most recently, in the decade between 2010 and 2020, the top 1% of U.S. households’ portion of wealth has gone from 28.6% to 31.2%. However, when expressed in raw… Source link

Virtual currencies are taxed as property, or as an investment, when you sell them. And using them to buy something counts as selling. If you’re paid in bitcoin, for instance, that will be treated as taxable income to you. That means almost every transaction may be taxable and should be reported. While bitcoin and other cryptocurrencies may be virtual, they have very real-world tax consequences. If you fail to pay the tax you owe, you will be subject to interest and penalties and, in some… Source link

Bitcoin has more than doubled this year, and it represents just over half of the overall cryptocurrency market’s value of nearly $2.1 trillion. That’s only slightly less than the market value of Apple (AAPL). Coinbase’s debut, set for Wednesday, could be a catalyst for the recent bitcoin and broader crypto surge. Coinbase is profitable and has reported strong revenue growth, and that could further help validate crypto buying and selling as a business. Based on recent private stock trades for… Source link

Bloomberg Billionaire Saudi Family Breaks Mold on Kingdom’s Secrecy (Bloomberg) — For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over the decades by his father and uncles.As the October public offering of BinDawood Holding Co. got underway, details emerged of some $76 million in previously undisclosed loans made… Source link