History Made: Bitcoin is Tax-free in Europe, Hits a Fresh 10-week High
For the Bitcoin community of Europe, it is the time to rejoice! In a historic ruling, The European Union's Court of Justice has said that the Bitcoin exchanges that transfer conventional currencies such as Euros or Swedish Krona into Bitcoin are exempt from value-added taxes. The story behind the ruling is pretty interesting as well! A Swedish national David Hedqvist applied for operating his online Bitcoin exchange. However, the application ran into trouble after the Swedish Tax Authority declared that VAT (Value-Added Tax) will be imposed on Bitcoin even when The Swedish Revenue Law....
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Here's what we are looking at trading this week in the bitcoin market, with targets and stops defined. Last week we had a pretty tough week in the bitcoin price market. Both our intrarange and our breakout strategies got chopped around, and we took a number of stop loss hits as a result. One thing we did correctly predict was some high volume over the weekend and – as a result – some sharp moves. Action during yesterday evening in Europe saw a steep decline of some heavy selling volume. Based on the time of the decline it’s reasonable to conclude that much of the sell off came out of Asia,....
Bitcoin rose for a seventh consecutive session on Tuesday, as the token moved to a three-week high. The price surge came ahead of this afternoon’s U.S. inflation report, which is expected to come in at 8.1% for August. Ethereum continued to trade lower in today’s session, as volatility remained high ahead of The Merge. Bitcoin Bitcoin (BTC) rose for a seventh consecutive session on Tuesday, as markets anticipated the release of the U.S. consumer price index. Inflation in the United States is expected to fall to 8.1% in August, following a decline to 8.5% the month prior.....
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Xrp was once again higher on Friday, as the token hit a 4-month high for a third consecutive session. The token formerly known as ripple has risen by over 50% in the last seven days, despite the current market volatility. Cronos was also a notable mover today, climbing by nearly 15%. XRP XRP was higher for a second consecutive session on Friday, as the token moved to a fresh four-month high. Following a low of $0.3398 to start the week, XRP/USD rose to an intraday peak of $0.5523 earlier today. As a result of today’s surge, which saw the price climb by over 10%, XRP climbed to its....