MarketsAndrius Vaškevičius

Cryptocurrency Prices to Surge in the Near Future, Says John McAfee
Markets
Cryptocurrency Prices to Surge in the Near Future, Says John McAfee
The outspoken businessman, digital security expert and crypto advocate John McAfee believes that virtual currency prices are about to rebound from the recent slump and increase in the coming months. Despite the fact that crypto markets took another beating yesterday, with bitcoin dropping below the $8000 mark, he believes a change in fortunes is just around the corner. McAfee’s reasoning behind the supposed crypto upturn adds to the growing chorus…
Coinbase Becoming a Bank
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Coinbase Becoming a Bank?
Industry super-heavyweight Coinbase has explored obtaining a federal banking charter, it has emerged, which would allow it to increase the range of services it offers to customers – this could even include offering bank accounts. It has emerged that the company engaged in talks with the US Office of the Comptroller of the Currency (OCC) at the start of the year regarding their business model and compatibility with requirements for…
OKEx CEO Quits as Exchange Becomes World’s Largest Surpassing Binance
Markets
OKEx CEO Quits as Exchange Becomes World’s Largest Surpassing Binance
Cryptocurrency exchange OKEx is losing its CEO. Chris Lee has thrown in the towel right as the exchange became the world’s largest when measured by capital turnover. According to a spokeswoman, Lee stated it had been the “greatest pleasure and honour” to work at the exchange but was leaving his position to “start a new life”. Lee’s resignation has coincided with reports that in the previous 24 hours, OKEx’s turnover…
Korea's Biggest Crypto Exchange UPbit Raided - Suspection of Fraud
Markets
Korea’s Largest Crypto Exchange UPbit Raided – Suspicion of Fraud
UPbit is suspected of fraud for apparently selling cryptocurrency to customers that it does not hold.  The suspicion led to a raid on the largest cryptocurrency exchange in South Korea. UPbit is one of the largest cryptocurrency exchanges in the world. It hosted about $1.6 billion of cryptocurrency trades in the past 24 hours, making it the largest in South Korea and the 4th largest in the world. UPbit’s head…
Goldman Sachs to Open the First Bitcoin Trading Desk in Wall Street
Markets
Goldman Sachs to Open the First Bitcoin Trading Desk in Wall Street
Up until now, big banks have shied away from bitcoin as well as other cryptocurrencies, perhaps being put off by their volatility and scandals surrounding them. However, it seems this trend is about to end as Goldman Sachs, a true investment banking giant, is moving ahead with plans to launch the first ever bitcoin trading operation in the history of Wall Street. According to the reports, the official launch date…
OpenBazaar to Adopt New Cryptocurrencies and More Following Bitcoin ”Scaling Civil War”
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OpenBazaar to Adopt New Cryptocurrencies and More Following Bitcoin ”Scaling Civil War”
The peer-to-peer online marketplace OpenBazaar is preparing to undergo a major overhaul of the entire website. Up until now, OpenBazaar has focused mainly on Bitcoin – however, moving forward, the company has a suite of new features and projects planned for 2018. The firm’s co-founder, Washington Sanchez, also recently took to Twitter to tease on-site introduction of support for more cryptocurrencies. This marks a marked departure from OpenBazaar’s previous stance.…
A Market cap of $40 Trillion for Cryptocurrencies is Possible
Markets
A Market cap of $40 Trillion for Cryptocurrencies is Predicted
The cryptocurrency market is looking bullish, and according to specific experts, it could one day be worth regarding market cap at least $40 trillion.   One of the experts who believe it will reach $40 trillion is the founder of Pantera Capital, Dan Morehead. “Obviously, we’re very bullish on the space. We think we’re way below, maybe an order of magnitude — or two — below the real fundamental fair…
Kraken Crypto Exchange Pulls the Plug on Operations in Japan
Markets
Kraken Crypto Exchange Pulls the Plug on Operations in Japan
 The San Francisco-based exchange Kraken is ceasing its trading services for Japanese residents in the near future. The customers of the exchange were sent an email, telling them that Kraken plans to focus on improving services in other countries and that a return to Japan is still on the cards further down the road. Head of Kraken operations in Japan, Ryushi Watanabe has declined to comment on the matter. The…
Majority of Americans are Hiding Their Cryptocurrency Gains as Tax Day is Upon Us
Markets
Majority of Americans are Hiding Their Cryptocurrency Gains as Tax Day is Upon Us
Nobody likes doing taxes but April 17th is the official tax filing deadline in the United States. Going through vast records of a years’ trades and reporting profits is a time-consuming and complex operation and apparently most Americans, who make a living from crypto trading, are not doing it. According to a recent report, fewer than 100 people have reported bitcoin holdings as the deadline day is approaching thick and…
Coinbase’s Tax Computing Tool and Issues With It
Markets
Coinbase’s Tax Computing Tool and Issues With It
For those who haven’t noticed, Coinbase has made life somewhat easier for cryptocurrency investors, through their rollout of a cryptocurrency tax computing tool. This will primarily help American cryptocurrency holders accurately deal with their cryptocurrency gains, which have been notoriously difficult for layman investors to account for in their tax forms. This is also in all probability a welcome development for the Internal Revenue Service (IRS), which has expressed concern…