Ukraine Plans to Tax Crypto Gains at Low 5% Rate (for a While, Anyway)
A draft bill setting out how crypto-related income should be taxed in Ukraine would tax gains at 5 percent for the first five years if passed. Source
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Venezuela to Grant this Year’s Christmas Bonuses in Petro Cryptocurrency
This year, the Venezuelan government will be awarding Christmas bonuses to employees across the country in cryptocurrency, local news outlet Venepress reports. Previously, in 2018, the Venezuelan government converted retiree’s bonuses awarded on a monthly basis into Petro automatically.Petro has been criticized by experts across the globe since February of
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Ycombinator’s Crypto Compliance Startup Raises $4.2M from Investors Including Paypal Ventures
A San Francisco -based startup TRM Labs, which emerged from YCombinator and looks at blockchain analysis as a tool for the ensuring of compliance, has received $4.2 Million in funding from various investors that included PayPal Ventures. The big problem with compliance for cryptocurrencies and blockchain technology is that most banks
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China Digital Currency Launch ‘Definitely’ in 6-12 Months — Investor
China will “definitely” deploy its new digital currency within the next six months to a year, a local blockchain investor has said.Speaking to CNBC on Nov. 20, Edith Cheung, partner at blockchain-focused venture capital fund Proof of Capital, appeared convinced about the digital currency’s imminent arrival.Cheung: rollout could come
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Bitcoin (BTC) Price Primed For Breakdown Below $8K
Bitcoin price is extending its decline below the $8,250 resistance area against the US Dollar.The price is likely to decline below the $8,000 and $7,800 support levels in the near term.There is a major bearish trend line forming with resistance near $8,150 on the hourly chart of the BTC/USD pair
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NY Regulator Licenses Fidelity for Bitcoin Trading and Custody
Fidelity Investment’s digital currency arm has been licensed by the New York Department of Financial Services to operate a platform on which
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Bitcoin And Crypto Market Remain at Risk: BCH, Litecoin, EOS, XLM Analysis
The total crypto market cap remains at a risk of a drop towards the $200.0B support.Bitcoin price is currently correcting higher, but there are many resistances near $8,250.Litecoin (LTC) price is currently consolidating above the $55.00 support area.Bitcoin cash price is now trading in a bearish zone below the $250
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Ripple (XRP) Price Trading Near Crucial Juncture, Can Bulls Make It?
Ripple price is currently correcting higher and is trading above $0.2520 against the US dollar.The price seems to be approaching a major resistance area near the $0.2600 level.This week’s crucial bearish trend line is intact with resistance near $0.2600 on the hourly chart of the XRP/USD pair (data source from
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Binance Falls From Top 10 in CryptoCompare’s New Crypto Exchange Rankings
London-based crypto data provider CryptoCompare has updated its crypto Exchange Benchmark, removing Binance cryptocurrency exchange from the list of the top 10 exchanges. Binance, the second biggest crypto exchange by daily trade volume to date, is not included in the CryptoCompare’s list as the rankings do not rely on
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Ethereum (ETH) Correcting Higher But Bears Remain In Control
Ethereum is currently correcting higher from the $172 support against the US Dollar.Bitcoin price is also correcting higher, but it is likely to face resistance near $8,250.There was a break above a declining channel with resistance near $175 on the hourly chart of ETH/USD (data feed via Kraken).The price is
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