Bitcoin and gold prices respond negatively to the rising dollar because markets price both assets with the dollar. If the dollar value goes up, the value of BTC relative to the dollar goes down.

Since the dollar increased from its monthly open on Sept. 1, the price of Bitcoin declined from $12,086 to as low as $11,160. Gold has seen a similar response, declining by nearly 1.8% in the past two days.

The daily chart of the U.S. dollar index with key levels. Source: Trader XO

In the near term, analysts generally anticipate the dollar’s momentum to strengthen. This week, the ECB said it would look to offset the rising euro by controlling exports and encouraging more monetary stimu ... Read more »

Category: News | Views: 31 | Added by: rozhkovagency | Date: 03.09.2020 | Comments (0)

Authorities in the canton of Zug now embrace cryptocurrency for tax settlement.

The Swiss canton of Zug is making it easier to imagine a world in which cryptocurrency users are resolutely in the mainstream.

The canton — which has earned itself the moniker of "Crypto Valley" for its positive stance towards cryptocurrencies — will begin allowing citizens to pay taxes in Bitcoin (BTC) and Ether (ETH).

According to Bloomberg on Sept. 3, “tax settlement by means of crypto currency will be available to both companies and private individuals up to an amount of 100,000 Swiss francs ($109,670).”

Roughly 127,000 people live in the region, which has previously taken steps to accept Bitcoi ... Read more »

Category: News | Views: 44 | Added by: danyagames2007 | Date: 03.09.2020 | Comments (0)

The U.S. dollar has rebounded from a crucial multi-year support area and the price of Bitcoin and gold are simultaneously rejecting.

The United States dollar has started to rebound from a multi-year support level. Simultaneously, the prices of both Bitcoin (BTC) and gold have both dropped off.

Additionally, the European Central Bank’s (ECB) warning against the appreciating euro is further catalyzing the dollar’s rally.

ECB looks to weaken the euro as the dollar just begins its recovery

Bitcoin and gold prices respond negatively to t ... Read more »

Category: News | Views: 27 | Added by: danyagames2007 | Date: 03.09.2020 | Comments (0)

Bitcoin goes quite well with tacos.

Following an earlier endeavor selling Bitcoin (BTC) at a premium on eBay in 2015, Chris Maurice, CEO of African crypto exchange Yellow Card, made a small business selling the asset at multiple Taco Bell locations. Maurice worked with his friend Justin Poiroux on the endeavor. Poiroux, who later co-founded the Yellow Card exchange, first explained Bitcoin to Maurice about two years prior.

"We would post on Craigslist and on LocalBitcoins, and we would say, 'Hey we have Bitcoin, come meet up with us and give us cash and we'll give you the Bitcoin,'" Maurice told Cointelegraph in an interview. LocalBitcoins serves as a popular method for selling Bitcoin from person to pers ... Read more »

Category: News | Views: 32 | Added by: rozhkovagency | Date: 03.09.2020 | Comments (0)