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 »
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 »
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 »
Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors “Patience is a virtue.”
Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher.
In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, told investors to be “patient” when it comes to price appreciation.
Bitcoin price remains on track four months after halving
Despite bouncing near $11,000 support on Wednesday, Bitcoin has performed exactly as expected on monthly timeframes since its last halving event in May.
Reluctance to break and secure $12,000 ... Read more »
Views: 147 | | Date: 02.09.2020 | Comments (0)
Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. There will be seven major districts, and the city will be run on the akoin cryptocurrency.
Akon City’s Details Officially Revealed
Akon has released detailed plans of Akon City, his $6 billion futuristic cryptocurrency city, which he calls a “real-life Wakanda,” referring to the hit movie Black Panther. ... Read more »
Yesterday, crypto bulls began celebrating as Bitcoin poked its head above resistance at $12,000 momentarily, before pulling back ahead of the first daily close of the new month
The failure to set a new high, coinciding with some bearish technical signals and underlying market factors, may have prompted the selloff. But how low will this correction go? Is this another opportunity to buy the dip, or is this a more extensive reversal?
Bitcoin Price Forms Head And Shoulders After Today’s 6% Correction, Targets Retest of $10,000
Bitcoin price has been on a slow and steady uptrend most of 2020. The only discrepancy was the Black Thursday collapse in mid-March that took down stocks, crypto, ... Read more »
Bitcoin plunged lower on Wednesday, continuing its correcting downtrend after hitting a near two-week high at $12,086 earlier this week.
The benchmark cryptocurrency fell by up to 6.41 percent to $11,160. Its move downhill extended the net pullback to 7.47 percent, signifying a renewed selling pressure in the $11,700-$12,000 area. That was the fifth time since August 1 the price rejected $12,000 as its price floor to expand its prevailing bull run.
Conversely, the rejections paved the way for BTC/USD to retest flipped support levels near $10,500. Market analyst Nico was quick to point out the bearish target in his tweet following the Wednesday plunge. He noted that losing any support near the 50-day moving average would expose ... Read more »
It has been a turbulent past couple of weeks for Bitcoin, with the cryptocurrency first plunging to lows of $11,000 last week before incurring a strong rebound that has since led it all the way up towards $12,000.
Despite the strength of the aggregated crypto market, analysts are noting that there are some signs that BTC may not be able to rally any further.
It is important to keep in mind that $12,000 has become a massive resistance region that has stopped its price from ascending on multiple occasions in recent weeks.
As such, a further rejection at this level may strike a lethal blow to its current signs of technical strength.
such, a further rejection at this level may strike a lethal blow to its curr ... Read more »
Bitcoin price traded above the $12,000 resistance before starting a downside correction against the US Dollar. BTC is likely to remain supported above $11,650 and it could rise again.
Bitcoin gained bullish momentum and it broke the $11,800 and $12,000 resistance levels.
Bitcoin Price Surpasses $12K
In the last technical analysis, we discussed ... Read more »
Views: 127 | | Date: 02.09.2020 | Comments (0)
Bitcoin price hit $12,000 again, leading traders to turn bullish as BTC attempts to turn the key level to support.
The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time.
So far in 2020, BTC has topped the $12,000 level four times (all since Aug. 2), but flipping the crucial resistance level to support has been a huge challenge
Cryptocurrency dai ... Read more »