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Bitcoin price took a hit in January after banks and officials faced increased pressure to regulate cryptocurrencies, but Pantera Capital CEO Dan Morehead thinks the worst is over for the cryptocurrency . Speaking on CNBC , Mr Morehead said: “Bitcoin has been growing at 165 percent a year for the six years that we have been in business. And something that is growing that fast hardly ever gets down below its 200-day moving average. “When it does it is a very good time to buy. It did five years ago when we launched our first fund and it just crossed that earlier in April.” He added: “Technical traders use these different averages to decide when to get in. “But it is amazing that bitcoin gets up so much   quickly   and when it just gets back to its average, that means it is time to buy again because it has been a vertical line for eight years.” Mr Morehead said he thinks there is a “rare opportunity” in bitcoin’s price decline since January. He said: “In   D...

Why Amazon and Litecoin (LTC)? If you are following up with the latest news about the world of cryptocurrencies, you could have picked up the news that Kakao, which is Korea’s largest tech and messaging online platform, started to adopt cryptocurrencies. Since Kakao is the equivalent to Facebook and somewhat Amazon as well, it is expected from these services to have at least a minor comeback regarding the story of adopting and accepting cryptos. However, we know that Facebook announced weeks ago that all ads related to cryptocurrencies will be banned on Facebook as of June, so you can take the liberty of expelling Facebook from this equation, as this social media platform is obviously not sharing the same opinion that Kakao representatives have regarding cryptocurrencies. Moreover, if we get a few weeks back, there is also that scandal revolving around Facebook with allegations that this company is making a lot of money by using personal information uploaded on ...

U.S. households likely owe $25 billion in capital gains taxes for their cryptocurrency holdings, which could result in "massive" selling of the digital currencies into U.S. dollars by the mid-April tax filing deadline, one Wall Street analyst said. "This is a massive outflow from crypto to USD and historical estimates are each $1 of USD outflow is $20-$25 impact on crypto market value," Thomas Lee, head of research at Fundstrat Global Advisors, said in a Thursday report. Formerly chief equity strategist at J.P. Morgan Chase, Lee is the only major Wall Street analyst to formally cover bitcoin and other cryptocurrencies. "Additionally, we believe there is selling pressure by crypto exchanges who are subject to income tax in U.S. jurisdictions," Lee said. "Many exchanges have ...

Thailand has moved one step closer to enacting taxes on cryptocurrencies. Investors trading cryptos in the country are expected to face a 7 percent value added tax (VAT) for all trads in addition to a 15 percent tax on capital gains, according to a report by Nikkei Asian Review on Friday. The move marks the latest effort to regulate cryptocurrencies in Thailand following two royal decree drafts that were previously passed by the Cabinet of Thailand, the executive branch of the country's government. As reported before , one of the two decree drafts specifically eyed regulation on cryptocurrency taxation in an effort to prevent money laundering and tax avoidance. After its initial passage, the draft was further reviewed by the Council of State, an advisory body reporting to Thailand's prime minister on legislative matters, before final approval by the Cabinet again on Tuesday last week, according to a local Thailand media outlet, the  Bangkok Post . ...