The IRS has sent letters asking crypto investors to either pay or state that they didn’t have any gains. Tax experts advise to amend previous returns and to pay.
Blockchain in Government
Cryptocurrencies & Markets
A new mathematical and graphical indicator helps decide where the Bitcoin price is going. Willy Woo, a prominent crypto analyst, tracks how many Bitcoins miners are selling, and correlates it with the market price. Miners usually sell some of their coins to pay for mining costs. The weakest miners sell more to remain operational, which lowers market price. Eventually, they give up when the price has gone too low. Hashing power and network difficulty reduce, and only the strong miners remain standing. They sell less, and the price goes up. Now Woo sees signs for a significant increase in Bitcoin value.