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VeChain (VET) Appears Bearish Yet Gains Support from 200-day MA
2.1.2020
VeChain, at the time of penning down this article, was trading at $0.00533. The coin has been trading below $0.0060 for a week now and we believe that an uptrend is lacking momentum. However, if Bitcoin’s price would have receded even further, VET against USD would have marked a dense bottom....
Government Confirms Crypto Profits Not Taxable in South Korea
2.1.2020
South Korea has confirmed that income tax cannot be levied on individual investors’ profits from crypto transactions under the current tax law. The government, however, is reviewing international trends and the approaches of major countries to crypto taxation in an effort to amend...
South Korea Imposes $69M Tax Obligation on Crypto Exchange Bithumb
30.12.2019
The National Tax Service of South Korea (NTS) has decided to withhold income tax from Bithumb’s foreign customers. The total tax to be imposed on their transactions amounts to more than 80 billion won (over $69 million), the leading Korean cryptocurrency exchange announced. Also read: Poles...
Bitcoin Throws Bullish Signals as it Gains Support from Daily MAs
28.12.2019
Bitcoin currently trades stably around $7,200 and $7,300 price area; at the press time, BTC was at $7,286.55. Interestingly, the king of the cryptocurrencies is trading with total support from the daily moving averages and is under the ‘buy phase’. We are likely to see this influence on the altcoin...
Bitcoin and Altcoins Reversing Gains With Bearish Angle
24.12.2019
Yesterday, we saw a strong upward move in bitcoin price above the USD 7,350 and USD 7,550 resistance levels. However, BTC/USD struggled to gain momentum above USD 7,650 and it is currently (09:00 UTC) correcting lower. The price is trading below the key USD 7,350 pivot level and it is facing...
Bitcoin Price Breaches $7,400 Mark as Most Top-20 Coins See Gains
22.12.2019
Bitcoin approaches the $7,400 mark again as most of the top 20 cryptocurrencies report moderate gains
At 8,990,000% Gains, Bitcoin Dwarfs All Other Investments This Decade
20.12.2019
No other investment comes close to Bitcoin in the 2010s, data shows as the cryptocurrency enters 2020 up 85% this year alone
Bitcoin and Altcoins Correcting Strong Gains
19.12.2019
This week, we saw a bearish extension in bitcoin price below the USD 7,000 and USD 6,850 support area. However, the USD 6,550 support area acted as a strong buy zone, resulting in a sharp recovery in BTC/USD. The price surged close to USD 1,000 and climbed above many hurdles including...
Dogecoin (DOGE) Declines Moderately; Gains Support from 9-day MA
17.12.2019
Dogecoin trades at $0.00206 and gains slight support from 9-day MA In the past seven days, DOGE price has been facing sturdy resistance from $0.00219 price area All the moving averages have been declining as the whole market crashes Dogecoin is trading moderately bearish as compared to the other...
Blockchain Supply Chain Platform Gains Metals Giant Glencore as Member
13.12.2019
Global mining giant Glencore eyes blockchain to improve supply chain efficiency in new deal
Market Update: Despite Uncertainty, BTC Longs Skyrocket
11.12.2019
Digital currency prices have slumped again as the entire crypto market capitalization has dropped below $200 billion. At press time, most of the top digital assets are down a few percentages after gathering some gains over the last few days. With multiple coins getting rejected after trying...
Denmark’s Tax Authority Sends Warning Letters to 20,000 Crypto Owners
11.12.2019
The tax authority of Denmark has reportedly sent out warning letters to 20,000 crypto owners asking them to amend their tax returns, pay taxes on crypto gains, or face penalties. The tax agency is demanding a full breakdown of their crypto transactions; it recently obtained information on these...
Crypto Gains New EU Stronghold as Sweden Approves Swiss ETP Startup
10.12.2019
Swiss crypto firm gets approval from Swedish authorities to offer its exchange-traded products to investors in the EU
Regulatory Roundup: Bitcoin Futures Fund Approved, India’s RBI-Backed Digital Currency
9.12.2019
In this regulatory roundup, we cover the U.S. SEC approving a bitcoin futures fund, the new IRS tax form targeting crypto owners, and several more steps taken by the U.S. government toward crypto regulation. We also cover India’s central bank digital currency plan, South Korea’s crypto...
IOTA (MIOTA) Starts the Week with a Budge; Gains 1.06% Overnight
9.12.2019
IOTA begins the week with a positive note, and it has made one step forward towards the recovery. The currency currently trades at 0.2064 USD, with an overall gain of 1.06% in a day. There have been three major price variations over the last 24 hours. IOTA Price Prediction IOTA was being traded...
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed
Ethereum Price Stable Despite Hard Fork, Altcoins See Small Gains
8.12.2019
Ethereum’s prices sees no major movement following the hard fork, as most of the top 20 cryptocurrencies report moderate gains
Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains
7.12.2019
Bitcoin hovers just under the $7,550 mark as most of the top 20 cryptocurrencies are reporting moderate gains on the day
Dogecoin Trades with Moderate Selling Pressure; Gains Support from Short-term MAs
2.12.2019
Dogecoin trades around $0.0022 price area; gains support from the short-term moving averages Dogecoin price takes a swift downturn trading from $0.0028 to falling at $0.0020 in a 30-day time frame Currently, the currency trades with a 10% growth when compared to the lowest in the said time frame...
Litecoin (LTC) Continues to Hold its Fort; Gains 0.69% Overnight
2.12.2019
Litecoin maintains its price around $47 despite the initial blood bath in the market Over the next few days, LTC may take the value a little higher, but no abrupt change is anticipated Litecoin has maintained its value despite the overall slowdown across the market. There have three major price...