Gov’t Seeks to Tax Crypto Transactions as Capital Gains

The South Korean government plans to tax capital gains on cryptocurrency transactions. A Dec. 9 report from The Korea Times reveals that a revised bill to introduce the measure will be drawn up by the country’s Ministry of Economy and Finance by the first half of 2020. In parallel, the Korean National Assembly is in the process of advancing a related bill aimed at increasing transparency in cryptocurrency trading. If passed, the new regulations would come into effect one year after the Assembly’s plenary session. While the government’s capital gains…

Ripple (XRP) Price Poised For Further Gains, Bitcoin Rising

Ripple price is gaining momentum and it is rising above $0.2250 against the US dollar. The price is likely to continue higher above the $0.2320 and $0.2350 resistance levels. There is a key bullish trend line forming with support near $0.2265 on the hourly chart of the XRP/USD pair (data source from Kraken). Ethereum is approaching the $152 resistance, above which it could rally. Ripple price is showing a lot of positive signs against the US Dollar, similar to bitcoin. XRP price remains well supported and it could rally above…

Ethereum Price Stable Despite Hard Fork, Altcoins See Small Gains

Sunday, Dec. 8 — most of the top 20 cryptocurrencies are reporting discreet gains on the day by press time, as Bitcoin (BTC) hovers around the $7,550 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently down by 0.2% on the day, trading at around $7,552 at press time, according to Coin360. Looking at its weekly chart, the coin is up by about 2.91%. Bitcoin 7-day price chart. Source: Coin360 On Dec. 6, cryptocurrency market analyst Alex Thorn pointed out on Twitter that the total number of on-chain…

Bitcoin Hovers Under $7,550 as Altcoins See Moderate Gains

Saturday, Dec. 7 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers just under the $7,550 mark again. Market visualization courtesy of Coin360 Bitcoin price is currently up by 2.12% on the day, trading at around $7,537 at press time, according to Coin360. Looking at its weekly chart, the coin is down by about 1.71%. Bitcoin 7-day price chart. Source: Coin360 Earlier today, on-chain analyst and trader, Willy Woo, said on Twitter that he believes that Bitcoin’s on-chain momentum…

Bitcoin Futures Settlement Date Suggests 4% Gains Likely

Bitcoin (BTC) is statistically likely to gain in the coming week as a new futures expiration event comes and goes, according to new data.  Compiled by trader an analyst Luke Martin on Nov. 25, figures charting Bitcoin price performance before and after each expiration show that overall, higher levels appear afterward. Data: BTC stands to gain next week Martin used CME Group’s monthly futures as a basis. Among the first futures to hit the market in December 2017, their settlement dates — of which Friday was one — have already…

Ripple (XRP) Price Primed For Gains Until This Changes

Ripple price is showing a lot of positive signs above the $0.2120 support against the US dollar. The price is likely to break the $0.2240 and $0.2270 resistance levels to continue higher. Yesterday’s key bearish trend line was breached with resistance near $0.2175 on the hourly chart of the XRP/USD pair (data source from Kraken). The price remains supported for more gains unless it drops back below the $0.2120 support area. Ripple price is likely to accelerate higher against the US Dollar and bitcoin. The main resistance for XRP is…

Bitcoin Price Gains Prove These Critics Were Dead Wrong

Bitcoin’s price gains have put critics’ predictions to shame. Schiff, Roubini, and Kruger have all been proven wrong, and how. Growing institutional investing and other utilities could lead to more price gains in the future. Bitcoin has shaken the establishment over the years as those who couldn’t understand the cryptocurrency have outright rejected it as a pump-and-dump scheme or as a fraud. However, bitcoin’s price gains have clearly proven those critics wrong. This is exactly what Twitter user Rhytmtrader pointed out recently. The price change since they criticized bitcoin: Peter…