Georgia Exempts Cryptocurrencies From Value-Added Tax

Georgia has exempted cryptocurrencies from value-added tax (VAT), as Bitcoin.com reported on July 13. Per the report, Georgia’s finance minister Nodar Khaduri recently signed a bill aimed at regulating the taxation of entities that trade or mine cryptocurrencies. The bill entered into force at the end of June. The definition of decentralized currency that the bill puts forward is reportedly the following: “Cryptocurrencies are digital assets that are exchanged electronically and based on a decentralized network. Their exchange does not require a reliable intermediary and they are managed using distributed…

Bitcoin Tumbles while Gold Steady as China Data Shows Growth |

The bitcoin price on Monday slipped below the $10,000 level as benchmark China data eased concerns about gloomy monetary outlook. The spot bitcoin rate was down 3.2 percent at $9,857.27 as of 02:15 UTC. The losses came as a part of a more significant downside action that began soon after the US President Donald Trump criticized bitcoin on Thursday. The rate since had dropped by as much as 25.34 percent on San Francisco-based Coinbase exchange. Bitcoin Price Down by 4.02% in the Last 24 Hours | Image Credits: TradingView.com In…

The Bitcoin Price Surged Because Mnuchin Made This Crucial Remark

The bitcoin price surged to an intraday high on Monday after US Treasury Secretary Steven Mnuchin made a crucial comment during his surprise press conference on cryptocurrency regulation. Bitcoin Price Shoots to Daily High During Mnuchin Press Conference The flagship cryptocurrency, which traded down after Mnuchin referred to it as a “national security issue,” suddenly shot higher midway through a question-and-answer session when a reporter asked him what he believed was driving its mammoth price increase. The bitcoin price exploded higher midway through US Treasury Secretary Steven Mnuchin’s press conference.…

John McAfee Reiterates His $1 Million by 2020 BTC Price Prediction

In a rather haughty Tweet posted earlier today, American crypto enthusiast John McAfee wrote that he was “laughing his f—— ass off” at the concern over Bitcoin’s falling price this week. The entrepreneur went even further and reiterated his prediction that Bitcoin would reach $1 million by 2020. What has him so bullish? John McAfee Predicts Bitcoin $1 Million by 2020 Bitcoin price has fluctuated wildly in recent weeks. Unable to breach the $14,000 mark, Bitcoin topped out at approximately $13,650 and fell back below $10,000 at the end of…

Tether (USDT) Accidentally Creates $5 Billion in Crypto

Stable coins, which are backed by fiat currency, have become an integral part of the crypto ecosystem over the past couple of years, and in that regard, Tether (USDT) is possibly the most well known. However, the very fact that it is backed by fiat makes it possible for it to be prone to certain errors, and that is exactly what happened yesterday when the team behind USDT made a mistake that had an effect on the wider crypto market for some time. Administrative Error In an astonishing development, the…

TRX Down 29.1% Even With The Launch of TronClass

Tron (TRX) slides 29.1 percent week-to-date The launch of TronClass will aid in Tron’s global reach and general awareness For their global outreach, the launch of TronClass is beneficial for the cryptocurrency and blockchain space as a whole. Even so, that is not enough to tame sellers pushing TRX to the edge. At press time, TX is down 29.1 percent from last week’s close. Tron Price Analysis Fundamentals That Tron has been grabbing headlines in recent days is true. From accusations of shilling and rumors of a police raid, the…

Bitcoin Cliff Hanger, BTC Slides 10.2% In A Early Stage Of A Correction

Bitcoin (BTC) is down 10.2 percent BTC may be a store of value, but President Trump’s skepticism could bog down progress President Trump’s highlighting Bitcoin is bullish and hints of how disruptive the coin has been for the status quo. Leveling out the field and fronting end users, Bitcoin is huge for the libertarians. However, down 10.2 percent in the last week, BTC could register more losses in days ahead. Bitcoin Price Analysis Fundamentals Presently, Bitcoin is at a brink. By printing massive losses over the weekend, there is a…

Senate Releases Opening Statements on Libra Ahead of Senate Hearing

The United States Senate Banking Committee has released the opening statements of David Marcus, head of Facebook’s crypto wallet Calibra today, July 15. The statements come ahead of a hearing on the Libra cryptocurrency project tomorrow in the Senate, in which Marcus will testify. In his testimony, Marcus raised the issue of Facebook’s upcoming stablecoin Libra and its associated digital wallet Calibra, which have previously drawn criticism from both community members, lawmakers and leading industry players. Specifically, Marcus delivered comments on the structure and management of Libra and Calibra and…

Bitcoin Pullback Is Healthy, Fewer Searches Аre Good

Fundstrat Global Advisers co-founder Thomas Lee wrote that the recent Bitcoin (BTC) pullback is healthy in a tweet on July 14. In his tweet, Lee also addressed concerns over the recent decrease in Google searches for Bitcoin: “As for the search traffic for bitcoin being low, I also think that is a good sign. It means the rise in Bitcoin has not been accompanied by massive hype.” According to search analytics service Google Trends, Google searches for Bitcoin from within the United States have decreased by about 45% since their…