Top Crypto News #01
The total crypto market capitalization today tumbled down sharply below the support level US$115.
In the last few hours of trade, the entire cryptocurrency market including Bitcoin (BTC), Ethereum (ETC), Bitcoin Cash (BCH), Ripple (XRP), EOS (EOS), Cardano (ADA), Tron (TRX), and other altcoins saw lots if selling pressure.
Top Crypto News #02
Romania has recently amended its tax laws and imposed taxes on profits from Bitcoin and other cryptocurrency related investments.
Reports say 10% Bitcoin profit tax has been imposed by the Romanian government.
The new and improved fiscal code legislation has made it clear that the earnings generated from trading Bitcoin and other cryptocurrencies will henceforth be regarded as “income from other sources”.
That’s why Bitcoin profit taxes have now become subject to income tax.
Top Crypto News #03
Bitcoin.com wallet has launched its event paper wallet generator.
With the help of open source code as well as Golden Ticket program of Bitcoin.com, anyone having basic knowledge of terminal command prompts can develop amazing tickets that are funded by Bitcoin Cash (BCH).
Therefore, almost anyone (during a hosted event) can now create a cryptocurrency giveaway and spread crypto awareness.
Top Crypto News #04
Swedish Tax Agency has issued a tax bill of around US$1 million to a Swedish cryptocurrency trader, Linus Dunker, which he claims to be unreasonable. He alleges that the charged tax is 300% of his total profits.
In fact, this is one of the growing numbers of cases reported by the Bitcoin traders since last year.
Many Bitcoin traders alleged that they have received superfluous and inflated tax bills amounting to millions of Swedish kronor.
Top Crypto News #05
Eduardo Aleman, Deputy Secretary of the US SEC (Securities and Exchange Commission), has said in a notice that the Cboe BZX Exchange has withdrawn the proposed rule change.
If the rule change was approved then it would have cleared the way for the VanEck and SolidX backed Bitcoin ETF.
Some prominent security lawyers believe that the on-going US government shutdown is the reason for withdrawal of the Bitcoin ETF application.
Top Crypto News #06
Ripple has entered into a partnership with a top Chinese Tsinghua University’s The Institute for Fintech Research (THUIFR) for development of blockchain technology and global regulatory policies.
The program includes a scholarship for selected students, which will provide them the opportunity of participating in corporate visits as well as events.
Top Crypto News #07
Hollywood Actor Kevin Connolly, famous from the HBO series “Entourage”, announced during the North American Bitcoin Conference in Miami that he along with his team is working on a new TV show named “Cryptos”.
Connolly stressed the fact that the upcoming television show will help people understand the entire cryptocurrency ecosystem in a better manner.
Top Crypto News #08
A pair of lawmakers from New Hampshire, Representatives Dennis Acton, and Michael Yakubovich have introduced a House Bill 470.
The bill, if passed, would pave way for the state agencies to accept fees and tax payments in cryptocurrencies through a 3rd party entity.
Top Crypto News #09
The first integrated blockchain platform BLOCKStrain Technology Corp. has entered into a partnership with WeedMD Inc to create the first ever Cannabis Validation Testing Program of the world.
Top Crypto News #10
The Q4 report of Ripple XRP has been published recently.
It shows that XRP cryptocurrencies worth US$129.03 million were sold during the fourth quarter of 2018.
This means the total XRP coins sold throughout 2018 was US$535.56 million.
