Coinciding with news that United States President Joe Biden’s proposed tax plan would require tax reporting on business transactions exceeding $10,000, the value of privacy coin Monero (XMR) climbed 31% on Friday. Biden’s American Families tax plan would require exchanges and custodians to implement tighter reporting measures to help detect tax evasion and money laundering. Banks and financial institutions would also be required to report account inflow/outflow information to the Internal… Source link

If last week brought out investors’ desires in going green with their cryptocurrencies, this week is accompanying that desire with a need for privacy. The recent news from President Joe Biden’s administration over crypto is making investors turn toward secure, private crypto plays. Monero (CCC:XMR-USD) offers just that, and as such, investors want to see some Monero (XMR) price predictions. Source: Shutterstock Monero is one of the oldest blockchain plays on the market,… Source link

Monero price was not spared in the recent crypto sell-off. The privacy-focused coin dropped to $172 on Wednesday as the overall crypto-sell-off continued. The coin’s price has bounced back in line with that of other coins. It is trading at $295, which is about 72% above the lowest level on Wednesday. It has a market cap of more than $5.2 billion. The background: Cryptocurrencies are highly correlated currencies. When the biggest coins rise, the rest tends to… Source link

Ethereum Ethereum rallied by 11.55% on Thursday. Partially reversing a 27.63% tumble from Wednesday, Ethereum ended the day at $2,775.07. A mixed start to the day saw Ethereum fall to an early morning intraday low $2,156.00 before making a move. Steering clear of the first major support level at $1,748, Ethereum rallied to an early afternoon intraday high $2,999.99. While falling short of the first major resistance level at $3,293, Ethereum broke back through the 38.2% FIB of $2,740. A late… Source link

Bitcoin has had better days.  Getty Images Bitcoin, Dogecoin, Ethereum and seemingly every… Source link

Bitcoin’s (BTC-USD) price plunged 28% this week, this most recent meltdown spurred by an announcement from China and an Elon Musk tweet. The controversial crypto is now losing even more love on Wall Street a day after UBS’s CIO Mark Haefele questioned the need to own bitcoin in a portfolio. In a note published Thursday, Deutsche Bank analysts joined the conversation with a research note entitled “Bitcoin: Trendy is the last stage before tacky,” quoting the late fashion icon Karl… Source link

InvestorPlace Assistant News Writer Brenden Rearick wondered in early May if Litecoin (CCC:LTC-USD) would keep moving higher after trading volumes were more than 140% higher than usual. Source: Wit Olszewski / Shutterstock.com My colleague provided LTC price predictions that ranged from $500 to $762 by the end of 2021. For a time, it looked as though these guesstimates would be pretty darn accurate as LTC shot up to an all-time high of $412.96 on May 10. And then the wheels fell… Source link

This photograph taken on April 26 in Paris shows a physical imitation of the Bitcoin cryptocurrency pictured with a one-dollar bank note. Cryptocurrencies like Bitcoin are plunging over a range of factors, including the spillover impact from falling stock markets and fears about increased regulations. Martin Bureau/AFP via Getty Images … Source link

Bloomberg Hedge Fund Picks at Sohn 2020 Show Perils of Covid Investing (Bloomberg) — To say investing is tricky during the pandemic would be an understatement. And so it has proved for many hedge-fund managers since last year’s Sohn Investment Conference in Hong Kong.Among those who made investment calls at the September event, Quintessential Capital Management’s Gabriel Grego was a winner after vouching for Japan’s Sun Corp., which owns an Israeli cybersecurity firm that’s going… Source link

Editor’s Note: This article is a part of our “Top Grad Stocks 2021” series, where our savvy market analysts recommend their best picks for new graduates’ portfolios. Check out “Money Moves for Recent Grads” for more finance advice and click here to see more stocks for your must-buy list. Source: Wit Olszewski / Shutterstock.com Despite the recent decline in price, Litecoin (CCC:LTC-USD) has been one of the strongest cryptos of 2021. So far for the year, LTC is up over… Source link