Today's media reported that BitInfoCharts data show that 3D2oetdNuZUqQHPJmcMDDHYoqkyNVsFk9r, an anonymous digital currency account, sold 6,500 BTCs in just 20 minutes on Tuesday, making the account balance shrink from 149 million US dollars to slightly more than 0.5 US dollars billion in 24 hours.” One out, causing the market a greater panic and volatility.

The query of the digital currency anonymous account via the BTC Block Browser transferred 6,500 BTCs around the beginning of the morning and was not certain to be a sell-off. Last year, the account had several large BTC transfers. The account received a total of about 1.7 million BTCs. The current account balance is about 188,000 BTCs. Investors are reminded to carefully identify such misleading information.

How many Bitcoins now exist? How much did the FBI seize during the Silk Road investigation? Where are all these Bitcoins? Who owns the largest number of Bitcoins in the world?

If you have not come up with such questions, sooner or later you will ask them.
To date, 16,98 million Bitcoins out of 21 million, identified as the unchangeable limit of their number, have already been extracted. Who owns most of the currency? There are several names on hearing.

Winklevoss twins
One of the twin brothers Winklevoss, who in 2013 bought Bitcoins for  11 million US dollars at the rate of  120 US dollars per 1 BTC since Bitcoin has lost in price only twice, and at the moment its price is much higher than that which. The brothers paid for it. If at the end of 2013, during the jump in prices to 1,000 US dollars, Winklevoss sold their Bitcoins, and then again bought them for the proceeds, but now the number of their Bitcoins would have been five times that.

Naturally, buying Bitcoins for money is not the only way to get them. There are two more ways. - This is mining, as well as selling for Bitcoins of goods and services. Ross Ulbricht (Ross Ulbricht) became one of the biggest owners of Bitcoins in the history of crypto-currency. The Silk Road.

During the investigation, about 174,000 BTC was confiscated from Ross Ulbricht and the Silk Road. Of these, approximately 144,000 BTC was confiscated from the computer of Ross Ulbricht, and the rest were found in numerous wallets belonging to the Silk Road.

After the confiscation, it was decided to sell the Bitcoins data in several lots from an auction. At the moment, held three auctions. The fourth and last is scheduled for November 5, 2015.

We do not have detailed information about the people who bought these Bitcoins, but some names are still known. Thus, venture capitalist Tim Draper purchased at the first auction Bitcoins worth 17 million US dollars.

Bitcoin Investment Trust bought most of BTC at the second auction. Most Bitcoins from the third auction were sold to a mysterious company called Cumberland Mining. It is rumored that a large stock exchange was hiding behind it ... Coinbase or Bitfinex. Even itBit purchased at the third auction about 3000 BTC.

In addition to Bitcoins with Silk Road, there are still covered with a veil of secrets of the coin of Satoshi Nakamoto. The real number of coins is unknown to anyone, and they have not been in circulation since the disappearance of their creator in 2011. During 2009 (the first year of mining), more than 1.5 million coins were created, and there are opinions that many of them controlled Nakamoto. The withdrawal of these coins in circulation can lead to a great panic in the market. The last time the movement of these coins was observed in February 2011, after which their owner publicly stated that he did not intend to scare anyone by issuing old coins.

As of July of last year, the largest number of Bitcoins is contained in the address coweGgC8CPZ6hYL1BBEfc1zqbSfHsprW. The amount on it was about 65 000 BTC, and the address remains active and with it periodically passes transactions to tens of thousands of BTC. Now it does not seem to exist anymore.


However, it is almost impossible to determine who actually owns the largest number of BTCs. The majority of crypto currency holders are reasonably silent about the state of their finances. In addition, very few people store large amounts of coins at the same address.

But if you still try to make an assumption, it is likely that the greatest control is now in the hands of the winners of Silk Road auctions, and the remaining large amounts are distributed between Winklevoss twins and several other large companies.

Author: Marko Vidrih

It is still unclear whether this measure only applies to providers (advertisements) or depends on the sales volume. So far, many LocalBitcoins users have been affected. Buyers will need to switch to other exchanges.

The local peer-to-peer trading platform, LocalBitcoins, introduces anti-money laundering (AML) and know-your-customer (KYC) measures and grabs criticism in social media.

AML & KYC: Only for listings?
The LocalBitcoins platform has not issued any regulatory compliance guidelines or comments on the events. Nevertheless, it seems that users must provide personal information, such as personal information. The identity card to continue to use the service and continue to buy or sell Bitcoin.

The changes come at a time when regulation is paramount. LocalBitcoins, based in Finland, probably had to bow to pressure from local authorities.

LocalBitcoins users wanted one thing above all: privacy. With an account and some cash Bitcoin could be bought. That does not seem to be possible anymore. The LocalBitcoins community is looking for a new service that does not require data, as the Tweet by Bisq - a decentralized exchange - proves.

Bisq is a decentralized Bitcoin exchange that does not require users personal information. However, the use of this service is complicated, so beginners may have difficulties with it. Another alternative to LocalBitcoins is hodlhodl.com. It is not decentralized but easier to use than Bisq.

Author: Marko Vidrih

The start-up Sirin and the electronics giant Foxconn are planning a smartphone with a built-in digital wallet. This should be much easier - but the mobile phone will not be cheap.


Virtual money like Bitcoin and the smartphone - this is not a real love, on the contrary. Recently, there have been increasing warnings that cybercriminals are not only attacking PCs to illegally dig cryptocurrencies, but also mobile phones. Now a start-up and a large contract manufacturer want to make it clear to the consumer that the combination of Bitcoin and smartphone can also have their good and safe sides.


The Swiss-Israel company Sirin Labs and the Taiwanese electronics giant Foxconn, which among other things manufactures iPhones for Apple, are planning the first smartphone with blockchain technology. So with the technology that forms the basis of all virtual currencies. Thus, the crypto will finally mass market suitable, says Sirin founder and co-CEO Moshe Hogeg. The device, jointly developed by Sirin and Foxconn called Finney is said to facilitate transactions with digital money and provide protection against hacker attacks.

Use physical switches to access the wallet
The two companies are counting on the fact that there are currently millions of Bitcoin owners, but only a few use Bitcoin for day-to-day business. The complicated technology makes this unattractive. To prevent theft, Bitcoin payers must keep their assets on special memory sticks until needed. Then remember to remember complicated usernames and passwords that can be many characters long. An uncomfortable thing that gets in the way of a really big spread. "No chance my mother will find out how to use Bitcoin. And my mother is smart, "says Sirin boss Hogeg.

MORE ON THE SUBJECT
With a smartphone that basically everyone can carry in their pocket, everything should be much easier. With the Blockchain mobile phone, for example, users should be able to shop on crypto-friendly websites. This promises a high level of security. Finney devices - under this brand, smartphones and PCs are planned - are the first to rely on the applicable as uncrackable Blockchain Technik. They run under the widespread mobile operating system Android, in conjunction with special cybersecurity technologies. With the help of its own physical switch, the owners should be able to cut off online access to the built-in digital purse ("wallet") and thus hinder hacker attacks. This so-called "cold wallet" is considered safer than a "hot wallet" that can be accessed anytime via the internet.

Competitors are also involved
Sirin has already raised hundreds of millions of dollars in project development from investors:  158 million USD in December, and another 70 million USD recently. The Bitcoin smartphone is expected to hit the market in October 2018. First, it wants to market it through its own stores, later on via telecommunications companies. The device is not cheap. Initially,  999 USD are targeted; Later, license agreements with other cell phone producers should push this price down to 200 USD. Among other things, Sirin is in talks with Huawei.

Meanwhile, others have discovered the charm of a blockchain phone - competitors like Zippie and Bitvault. Nevertheless, analysts rate the prospects of success quite ambiguous. On the one hand, the use of Bitcoin is still very limited, on the other hand, there is a danger of constantly carrying its virtual money with it. Criminals could kidnap Finney owners and forcibly gain access to the virtual wallets, so the fear.

Author: Marko Vidrih

With Bitcoin not only a digital means of payment was invented, also a new mechanism for the guidance of the society manifests itself in the protocol: the consensus. What is the difference between consensus and democracy? What are the effects on government and society?

The ideal of democracy has moved into the center of society for the past 200 years - democracy as the apotheosis of society. Accordingly, decisions must be taken democratically to claim legitimacy. In other words, the majority subjects the minority to a democratic decision. Democracy is a form of government.

Bitcoin turns the system upside down
At crypto conferences one hears again and again "democratization of X", as the goal of the digital revolution 2.0. But let us remember: this revolution was launched by Bitcoin - the decentralized peer-to-peer electronic cash system. The fundamental feature of Bitcoin lies in leadership.

At this point, the difference between government and governance becomes clear: the government is the authority that determines the course; In return, leadership is the process by which something is decided.

We already know that there is no central authority in Bitcoin, no government that makes decisions. That's not a bug - it's a feature. The lack of a governing body leads to a unique leadership mechanism: the consensus.

While in a democracy the majority determines the minority, in a consensus everyone decides about themselves. Participants have exclusive power of decision over themselves and their property. That is, in Bitcoin, not the majority decides - but everyone, everyone over themselves. Who participates in the network implicitly agrees to the rules. Everyone agrees on these rules. Any interaction is based on a voluntary basis.

Decisions in the consensus model
The example of block scaling demonstrates the consensus principle:
In 2016 and 2017, one question dominated the Bitcoin world: how should Bitcoin scale to a global currency? The answers were as varied as they were contradictory. Two camps moving in opposite directions - "Larger blocks!" - "No, SegWit!". A hopeless dilemma? After all, there is no instance that says where to go. The status quo is retained. But that was not the end of the story.

After several years of debate, the Bitcoin Protocol showed its true strength. Instead of forcing one or the other camp something, there is a third option in Bitcoin country. In the words of Dora the Explorer: "Por que no los dos?" (Eng. "Why not just both?"). In fact, this was the solution to the conflict. The Bitcoin Unlimited team forged the Bitcoin network. Bitcoin Cash realizes the proposed larger blocks. Bitcoin, on the other hand, enabled SegWit and implemented a different approach to solving the scaling issue.

All users could and can decide for themselves. If you want larger blocks, you can sell Bitcoin for Bitcoin Cash; if you want SegWit, you sell your Bitcoin Cash for Bitcoin; Undecided do not have to do anything. Whether you want to use Bitcoin or Bitcoin Cash (or neither) is up to you. Essential: All decisions happen voluntarily.

Hard Forks instead of majority vote
In a democracy, the majority must agree to make a legitimate decision. By consensus, this condition is drastically tightened: everyone must agree. If there are disagreements, the paths fork. This is called a hard fork. Then there are two incompatible networks. Within the systems, however, there is still consensus.

Here is the power of consensus. He tolerates a plurality of opinions and everyone can live them out. Where in a democracy only one variant can win and be implemented (Trump or Clinton? German Mark or Euro?), the consensus model allows everyone their ideal world. Whether larger blocks or Lightning are the right way to scale or not, shows us the time. We'll see because both approaches exist.

Bitcoin is not a democracy. Although there is no government, there is still leadership. By participating, they all implicitly agree to the consensus rules. Decisions are made by all participants. Everyone decides for themselves. Suggestions for improvement are discussed in the community. Ultimately, everyone can take the helm in their own hands and "forks" the computer code - that is, realize their own ideals. How many people jump on the Hard Fork, however, is another matter.

Author: Marko Vidrih

Just a year ago, Bitcoin fork was a rarity, and now it's become not just a norm, but a meme - forks occur almost every week. To date, 69 forks of Bitcoin have been performed, as well as 18 forks of the main Altcoins. The owners of Bitcoin, Monero, Ether and Litecoin can now claim more than 80 "free" coins. However, whether the game of candles is worth another issue, which has already been raised by leading market experts, for example; Andreas Antonopoulos.

Many people know that since the launch of Bitcoin Cash, the quality and value of subsequent forks have gone downhill. However, very few people know how many forks occurred on the network. Bitcoin Coral, Bitcoin Sudo and Bitcoin Star are just some of the unknown coins that emerged as a result of the ramifications of the main network, which are unlikely to ever make a name for themselves. As with most Bitcoin forks, which can be found in the exhaustive Forkdrop.io list, these tokens could not be listed on any exchange.

On the same site there is a detailed instruction on obtaining coins for those who are interested in it. However, before you get "free" coins, it is worth considering whether the game is worth the candle.

Recently, Andreas Antonopoulos described in detail how the Bitcoin forks coins affect the confidentiality of your savings and why you should stay away from them. In addition, the "posting" of each fork threatens the loss of the original Bitcoins from your wallet. Given that only 10 forks of Bitcoin currently traded on exchanges, there is hardly any sense in risking their anonymity and security.

What is the cost of coins fork?
Of the 69 forks of Bitcoin to date, only a dozen are traded on exchanges. In aggregate on the initial 1 BTC, they cost 941 U.S. dollars, or about 0.12 BTC. Remove Bitcoin Cash from this equation and you will receive a total cost of only 206 U.S. dollars or 0.026 BTC. If you do not have at least a couple hundred Bitcoins, getting these coins is practically meaningless. But for those who are blessed with a decent condition in the BTC, moving them, at the risk of revealing their private keys in an unchecked purse or on a third-party site and parting with all their savings - is just silly.

When it comes to the Altcoins, things are even worse. Forkdrop.io lists 18 forks of Altcoins - most of them simply duplicate the original code with minor changes. For example, in the case of Verge - the fork of the crypto currency of Dogecoin (in turn, the fork of the Litecoin, at one time copied from Bitcoin), which was never available in the ratio of 1:1 to the owners of the original coin.

The Forkdrop lists six forefathers, three Litecoin forks, six Monero formations and several other cryptocurrencies. At the same time only three coins are traded on exchanges, and their total value is only 20 U.S. dollars. You do not need to be a mathematical genius to understand the senselessness of obtaining coins of forks of Altcoins, which in most cases are not even included in the listing of crypto exchanges, but also carry the risks of loss of confidentiality of original savings.

Fork Bitcoin at home.
Create a new Bitcoin fork easily. Tools like Forkgen.tech will help to implement the hard core - just click the button "Create a new Altcoin". However, as found by the developers of such forks, as Bitcoin Miner, Bitcoin King and Bitcoin Boy, the branching of the BTC network is not enough to implement this Hard Forks.

One coin that is not included in the lists of Forkdrop - Bitcoin Private. It was slightly different from the others - by what appeared as a result of the simultaneous fork of Zclassic and Bitcoin. BTCP began to trade at about $ 80, but fell four times in a month.

In fact, all the forks of Bitcoin after Bitcoin Cash are worthless coins, the "free" of which can compromise the security of your private keys and confidentiality. In the vast majority of cases, it is better to stay away from these tokens for the sake of preserving your capital.

Author: Marko Vidrih

After the ICO flood, the next crypto-based financing model is now in the starting blocks with ILP.

IInitial Coin Offerings (ICO) poured more money into start-up funds in 2017 than the venture capital market. The crypto-based method of financing is about companies selling tokens that will later form the basis of their respective product or service. The buyer therefore speculates that the tokens will increase in value if the company or project behind it successfully positions itself on the market with the help of the sum received at the ICO.

However, the system raises the question of whether every company that has carried out an ICO in recent years really needs its own tokens to operate its product. It is this very consideration that has led the two Estonian companies Blockhive and Agrello to develop an alternative financing model. That's what they call Initial Loan Procurement (ILP) and it basically works like a crypto-based equity loan.

ILP (Initial Loan Procurement): This is how the crypto-based equity loans work.
The lender purchases an Ethereum-based token. This concludes a crypto-based contract that involves the buyer in the issuer's future profits. The idea behind it is that the contracts filed in the Blockchain are legally secured. In addition, the identity of the investor should be verified in advance to prevent misuse of the technology for the purpose of money laundering. The two aspects should also lead to ILP being much better integrated into the existing regulatory landscape than ICO.

Tokenote:Estonian Join Venture to popularize ILP
To give companies the opportunity to conduct ILP, Blockhive and Agrello and Join Venture have established Tokenote. For interested startups, the platform looks after vendors' verification, the legal aspects and issues the underlying tokens called Future Loan Access Tokens (FLAT), which in turn form the basis for the actual loan.
Author: Marko Vidrih

At the US online platform Credit Karma, just 0.04% of 250,000 taxpayers said they would pay tax on their profits from cryptocurrency trading. Current estimates suggest that 25 billion USD in taxes will be due in the US alone due to digital currency gains. As a result, countless users have dropped some data in the statement of sales.

Of the 250,000 users of financial services provider Credit Karma, fewer than 100 have acknowledged that their tax returns for 2017 include sales of cryptocurrency trading. In the US, the tax must be submitted earlier than in EU.

In the US, all crypto sales are subject to capital tax. Credit Karma Tax assumes that the details of crypto winnings due to the complexity are submitted only at the last minute. Or not at all. As complicated as the taxation appears at first glance, but it is not. In addition, the US Internal Revenue Service (IRS) has long been wide awake when it comes to this issue. The US online trading center Coinbase was a few months ago very extensive to provide innumerable information required to come to US tax evaders on the clutter. When the operator refused, the IRS went to court. Instead of disclosing at least 500,000 account details, Coinbase has since been obliged to disclose the most active 13,000 users.

Paying taxes must not be a coincidence
The Düsseldorf lawyer and book author dr. Joerg Andres can not quite understand why Bitcoin profiteers boast to this day that they are not taxing their crypto winnings. Andres describes it as "highly risky" to conceal this revenue from the tax office. He believes it is only a matter of time before the tax authorities catch up. They would soon track down those revenues as well. Even if it takes some time, employees of tax offices at Coinbase & Co. can access the data of German taxpayers as part of a request for information. Just because an online trading center is located abroad, the tax offices can still match the information in the tax return with the assets and the activities of the respective wallets.
Prof. Dr. Andres: "Anyone who still believes in the myth of complete anonymity of Blockchain activities, should not be surprised if good advice then literally will be expensive. Anyone who has not fully fulfilled his obligation to explain to the tax office in the past should do so quickly. There are still good chances to process such failures without penalty. "
Author: Marko Vidrih

Abstract: Bitfinex has itself issued the USDT, then uses its own USDT to buy BTC. It will raise the Bitcoin price in a short period of time. At the same time, the open positions on the platform will all burst into positions, so as to obtain a large number of BTCs. The USDT then recovered most of the additional issuances and made a large surplus of BTC. This game can be played again at intervals.

Behind the violent rise in bitcoin prices is whether the bull market restarts or seeks to catch the disk man?

On the evening of April 12, Bitcoin soared in a short span of one hour. Prices rose from a low of 6,800 U.S. dollars to a maximum of 8,100 U.S. dollars, and rose by 20% during the day. Under the leadership of Bitcoin, other virtual currencies also ushered in a strong rebound, with single currency gains even exceeding 50%.

Bitcoin official website data shows that as of press time, Bitcoin price was 7976.6 U.S. dollars, the intraday gain of 2.07%.

For virtual currency investors, the more important question is whether this round of currency price rise is a bull market restart or a lure to the high position of the speculators.

Nick Kirk, director of data for CypherCapital, said, “Today, the buying of Bitcoin has increased, and many short positions have been forced to close out, which is one of the reasons for this increase. This sharp rebound is more likely to be a response to the release of earlier regulatory pressures. The recent price of Bitcoin has been declining, but the technology development of the new generation of Bitcoin continues. Bitcoin prices will return to normal sooner or later."

Specifically, with the increase in the number of participants in the digital currency market and the continuous evolution of infrastructure, many investors choose to use leveraged trading. Currently, many domestic digital asset trading platforms have introduced leveraged contract transactions, with a maximum leverage of 20 times. Leveraged trader accounts are very risky. Accounts that are 10 times leveraged may be forced to close their positions with fluctuations of 8 to 9%, and 20 times leveraged accounts will not exceed 5%.

If it is a short-leverage + long-spot operation, when the price rises quickly, you may decide to reduce the losses and make up for the shorts by buying long positions and pushing up prices.

It is particularly worth noting that this pull-up from the time difference between the exchanges in terms of minutes, starting from Bitfinex pull, and then spread by arbitrage traders quickly spread to other platforms.

Bitfinex trading platform market shows that on April 12th, Bitcoin soared more than 1,000 U.S. dollars in the intraday trading volume, the volume of more than 25,000, according to the market value of 7,700 U.S. dollars, the market turnover of nearly 200 million US dollars. Of these, Bitfinex accounted for nearly 15,000 transactions, accounting for 60% of the total volume.

According to a professional investor in the currency circle, a reporter from the Securities Times and Venture Capital Exchange explained that since Bitfinex has itself issued the USDT and then used its own USDT to buy BTC, the Bitcoin price will be pulled up in a short period of time while all the empty positions on the platform are available. The bankruptcy position was used to obtain a large number of BTCs, and then BTC exchanged a large amount of USDT to increase the number of additional issuances to recover most of the additional issuances, and a large surplus of BTCs. This game could be played once again at a time.

Prior to March 22, Tether’s official just issued 300 million USDTs, and Tether is actually a “shadow company” of Bitfinex. The executives are all the same people. Most of Tether’s new USDTs will be traded on the Bitfinex platform first, and Bitfinex will not even treat USDT and U.S. dollar transactions differently.

If this is a big-man-operated burst, what they are waiting for now is that the leeks are swarming in, and then they cash in high places.

But Pantera Capital Management, one of the world's largest digital currency hedge funds, said Bitcoin has bottomed out. The 6,500 U.S. dollar is the low point for Bitcoin's bear market. Bitcoin will be above this price for most of this year and may even exceed the record high of 20,000 U.S. dollars last year.

Fundstrat founder Tom Lee also expressed confidence in Bitcoin. He believes that the current Bitcoin P/B ratio and other indicators are almost the same as the end of 2014 bear market, and has formed an important technical correction. Based on this, he stated that the value of Bitcoin may rise more than three times this year and rose to 25,000 U.S. dollars at the end of this year.

Although Bitcoin currently has a strong rise, it is still in a downtrend channel and has not yet been effectively broken. It remains to be seen whether the virtual currency market has actually reversed. Investors should always be vigilant and pay attention to position management.

Author: Marko Vidrih

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3.5 Million USD worth of Bitcoin Stolen from the Indian Cryptocurrency Exchange

According to CNBC, the financial and economic media of the United States, Coinsecure, the Indian cryptocurrency exchange, has lost more than US$3.5 million worth of cryptocurrency. The exchange said its security officer was responsible for absconding.

Coinsecure said on its website on Thursday that Amitabh Saxena, the company’s chief security officer, extracted Bitcoin to distribute it to customers. However, Coinsecure claims that the money was lost during this process.

Company director Mohit Kalra has sent a letter to the Indian authorities on this incident. In a document published on the company's website, Carla stated that a total of 438.318 Bitcoins were missing. According to Friday's Bitcoin price, this is equivalent to about 3.5 million USD. The company stated that the user’s funds are stored in a secure Bitcoin “wallet” and that the keys are held in the hands of Saksena and Carla; if you want to transfer the cryptocurrencies out of this “wallet”, then the key is essential.

"Because the key was kept by Dr. Sacsena, we think he made false stories to distract us and may play a role in this whole event." Carla wrote in the letter. . “The accident that Dr. Saksena reported to us was not convincing. In addition, Dr. Saksena also holds an Indian passport and he may soon fly out of the country. Therefore, his passport should be seized. He will not be able to go abroad."

CNBC has sent an e-mail to the cybercrime department of the Indian local police to confirm the truth of the matter but has not received a response.

Coinsecure said it is trying to recover the funds, but also said that it will use the company's own funds to make money to compensate its customers. CNBC has tried to contact the company and asked when the compensation process may begin, but has not received a reply. In addition, CNBC also asked whether the company had contacted Saksena, but a company spokesperson said that there was no comment beyond the statement posted on the company's website.

As for the encrypted digital currency exchange in India, this is one of the earliest large-scale theft cases.

The Indian local police issued a warning on its official website that people should not invest in encrypted digital currency because the market is "lack of legal framework."

The police said: "These encrypted digital currencies are usually used by criminals on the dark network. Legal honest companies usually do not use Bitcoin. Therefore, any requests for commercial transactions in Bitcoin should be suspected, and should be avoided."

Recently, the Central Bank of India has banned regulated financial institutions in the country from encrypting digital currency-related transactions.

Coinsecure is not the only cryptocurrency exchange in the world that has encountered this type of problem. The most striking case of its kind in the past occurred in Japan, where Coincheck traded all encrypted digital currencies worth more than 500 million USD.

Author: Marko Vidrih

According to Coinbase, bitcoin soared more than 17% on Thursday (April 12th) to more than 8,000 US dollars, setting a high of 8011 U.S. dollars to a two-week high. Bitcoin rose sharply from 6,786 U.S. dollars on Thursday morning.

Nick Kirk, data director at Cypher Capital, said: "Today, the buying of Bitcoin has increased. Many short sellers have been forced to close their positions, which is one of the reasons for the rise in Bitcoin prices. The sharp rebound is more likely to be an earlier regulation. The reaction to the release of pressure. Although Bitcoin's recent price has been declining, the technology development of the new generation of Bitcoincontinues, Bitcoin prices will return to normal sooner or later."
The sudden surge has forced traders to bet on cryptocurrencies, and the ratio of short-term transactions to long-term transactions has been increasing recently. Cipher Capital, a cryptocurrency trading company, said: "Today's buying has increased, and many of these short trades have been forced to clear their positions, which has caused the price of Bitcoin to rise." Bitcoin's price soared to more than $19,000 in December 2017, but In view of the suppression of US tax supervision, the price of Bitcoin has dropped by about two-thirds.

Since the US Revenue Agency treats cryptocurrency as property, it plans to impose a tax on investors who will be involved in the sale or trade of Bitcoin since 2017. This means that American households may owe nearly 25 billion U.S. dollars to the IRS for encryption. Currency capital gains tax. Some traders said that the big rise of Bitcoin on Thursday may ease regulatory pressure. Although the price of this demon coin has been falling recently, the development of the next-generation Bitcoin infrastructure has not stopped.

Fundstrat Global Advisors said in a report: "The cryptocurrency is showing early signs of improvement after a decline in March. Bitcoin has stabilized at more than 6500 U.S, dollars support level in the past two weeks, the next major resistance area. Nearly 9000 US dollars, other major cryptocurrencies also rose on Thursday.
The spot price of Ethereum, the second largest cryptocurrency by market value, on the Bitfinex exchange rose 12.35% to $490.99.
Ripple spot of Poloniex exchange rose 14.94% to $0.63.
Litecoin fell 8.08% to $125.79, but going up again.

Although there is no obvious directional driving factor behind this round of gains, some people say that Spanish banking giant Santander has launched an international payment service based on blockchain technology, or has supported the escalation of cryptocurrency prices.
It was reported on Friday that Santander Bank (MC:SAN) will launch its "One Pay FX" cross-border payment system in Spain, the United Kingdom, Brazil and Poland. The system is said to use a distributed ledger technology developed by Ripple.
The move by the Spanish bank rekindled the prospect that distributed technology on the underlying technology of cryptocurrency (including Bitcoin) will play a role in mainstream payments.

At the same time, Pantera Capital Management, one of the world's largest cryptocurrency hedge funds, has received attention. The fund said that Bitcoin has bottomed out and that, in most of 2018, Bitcoin will remain above 6,500 U.S. dollars.

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