Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts - Daily Crypto Bakers #8
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Bitcoin To Drop As Low As $1000 This Year, Wall Street CIO Predicts
- Boockvar sees a possible 70 to 90 percent price drop for Bitcoin this year, saying:
“Over the next year I wouldn’t be surprised if it’s [BTC] down to $1,000 to $3,000.”
When asked if the stock market would crash in the event of a significant fall in Bitcoin’s price, Boockvar said that any corresponding drop would just be psychological, because Bitcoin is “not something that really is that relevant in a 19 trillion dollar economy.”
India’s Tax Authority Sends Notices to ‘Tens of Thousands’ of Cryptocurrency Traders
- India’s income tax department has reportedly issued tax notices to a number of cryptocurrency traders following a nationwide survey of cryptocurrency exchanges.
Speaking to Reuters, tax officials in India have revealed that the country’s citizens participated in over $3.5 billion in transactions and investments into cryptocurrencies like bitcoin, ethereum and ripple over a 17-month period leading up to 2018.
Emptied IOTA Wallets: Hackers Steal Millions Using Malicious Seed Generators
- According to a blog post from IOTA Evangelist Network member Ralf Rottmann, the attackers deployed a DDoS attack against popular IOTA fullnodes, leaving victims of the robbery unable to rescue any of their funds.
The attackers knew the seeds. You invited them into your wallet, by handing them your keys on a silver platter. The community of fullnode operators is discussing various strategies to better protect public community nodes from this specific and similar DDoS attacks in the future.
BitPay Integrates With ShapeShift to Enable Instant BTC-BCH Exchange
- The BitPay payment processor has announced its integration with the ShapeShift exchange to provide instant Bitcoin to Bitcoin Cash trades. This announcement was made in a blog post Thursday, Jan. 18. The new partnership allows users to conduct exchanges between Bitcoin (BTC) and Bitcoin Cash (BCH) in the BitPay and Copay wallets.
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