Category: Business insurance

Bitcoin (BTC) Price Prediction – March 6, 2021
On May 3, buyers pushed above the psychological price level as BTC/USD price rallied to $52,000 high. The bulls could not sustain the bullish momentum above the $52,000 high. There was a bearish reaction as Bitcoin dropped to $46,417.00 low.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

Following the rejection from the $52,000 resistance, BTC price fell to $46,000 support and price corrected upward. The upward correction was terminated at $49,361 as the BTC price drops again to the support at $47,000. As Bitcoin faces rejection from the recent high, there is the likelihood of the bulls recouping to resume upward move. However, as the price continues its fluctuations, the current support at $46,000 can be broken by the bears. On the downside, Bitcoin is likely to decline to $41,000 low, if the current … Read more

Amid Ripple’s regulatory troubles in the United States, the company’s Chief Executive Officer, Brad Garlinghouse has disclosed that business is smooth in the Asia-Pacific region.

Garlinghouse made this known while speaking with Reuters on Friday about the company’s $1.3 billion lawsuits with the United States Securities and Exchange Commission (SEC) which started in December 2020. The SEC had charged Ripple and its principal executives of violating securities laws in the sale of XRP tokens in 2013.

Ripple’s Expansion in the Asia-Pacific Region

According to the CEO, even though the company’s businesses were hindered in the United States, it hasn’t had a negative effect on its relationship in the Asia-Pacific region. He said instead of negativity there have been positive changes, growth, and expansion in the markets.

One of the reasons Garlinghouse gave to why there haven’t been any fallout in the Asia-Pacific (APAC) region markets is due to the good … Read more

Following feedback on its tax form for 2020, the Internal Revenue Services (IRS) has come out to clear the air on its FAQ page.

The IRS had stated in a Dec.11 tax form for US taxpayers if they had at any time in 2020 received, sold, sent, exchanged, or otherwise acquired financial interests in virtual currencies. The ambiguity of the listing had seen many taxpayers calling it a trap.

Tax Form Confuses Taxpayers

Ryan Losi, vice president of the PIASCIK tax firm, had said the tax agency was preparing a trap for taxpayers for the future. 

Others like Timothy Peterson, Investment Manager at Cane Island Global Macro, had likened the question to a perjury trap asking if citizens would be held accountable if they refuse to answer.

Now the agency has come out to answer its critics, saying that the question does not apply to those who bought digital … Read more

Bitcoin (BTC) Price Prediction – March 4, 2021
Bitcoin bulls fail to sustain above the $52,000 resistance level. Consequently, BTC/USD price is falling but the bulls are struggling to sustain the price above the psychological price level. Presently, sellers have shorted below the $51,000 and $52,000 resistance zones.

Resistance Levels: $58,000, $59,000, $60,000
Support Levels: $40,000, $39,000, $38,000

Following the breakout above the psychological price level on March 3, the bulls failed to sustain the price above the $52,000 resistance zone. Before now the bullish scenario is that if the bulls are successful above the $52,000 resistance level, the market will rally above the $58,000 overhead resistance. The bearish scenario that was earlier anticipated was that the BTC price will fall or the price will be range-bound between $44,000 and $52,000. Bitcoin is falling as bears threaten to break the $50,000 support. The bottom line … Read more