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Why Australia Wants Some Of Your Bitcoin Gains

Australia is moving towards requesting all cryptocurrency exchanges to report to the Australia Taxation Office, in order for them to collect Capital Gains Tax on all cryptocurrency gains, which essentially means that they will be classified as assets. Liz Russel, who is a senior tax agent at a private Australian online tax return service revealed how the Australian Taxation Office will treat the cryptocurrency gains, so people know what to expect from it. Australia is in the middle of an ongoing debate, regarding the classification of cryptocurrencies. This is the case for a number of countries, as there is no...

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Will Bitcoin Rise To $60,000 Before The End Of The Year?

Everyone is aware that 2017 was a year of huge highs for Bitcoin, with the cryptocurrency proving itself to be the most resilient. The form of spending hit a record high of $19,796 per coin last year, sending the world into overdrive about what Bitcoin actually is and how it's performing so well (especially considering it's still difficult to spend in the majority of stores). It's been predicted by experts that by the end of 2018, Bitcoin can and will triple its record high value, potentially reaching $60,000 (although some experts have predicted it to be $50,000). The price of...

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Binance CEO Talks About The Bitcoin Correction Point

CEO of Binance, Zhao Chengpeng, issued a statement reminding Bitcoin users not to be overly concerned by the current level of volatility in the market. He also pointed out that Bitcoin hasn’t seen a ‘flat’ price chart to date. Despite this, many users appear to believe the BTC price was relatively flat prior to the massive surge in price towards the end of 2017 and the spectacular pricing slump that followed in early 2018. What those people may not realise is that history often repeats itself, especially in the world of Bitcoin. Every financial market around the globe is subject...

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Wall Street Guru Explains Why Bitcoin Price Is Still Going Up

Wall Street guru Tom Lee has been discussing his opinions on Bitcoin, and what the future holds for this cryptocurrency. Although his is still bullish on Bitcoin, his opinion has shifted very slightly. He blames the recent lack of success that Bitcoin has seen of late on Bitcoin futures, and he believes that the reason that Bitcoin has dropped in value by 20 percent earlier this week is due to the expiration of futures that have been linked to the cryptocurrency. Lee, has spoken about the ‘significant volatility’ around certain futures expirations, and even says that the sentiments and technical...

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John Mcafee Promises $500,000 Bitcoin Price If Elected President

John McAfee has predicted that Bitcoin will hit $500,000, but only if he gets elected as the President of the United States. In a recent YouTube video, he has said that he plans to bring cryptocurrencies into the political world, should he be successful in his venture. He has highlighted the fact that a lot of time, money and effort was put into Obamacare, which allowed free healthcare, but, with the use of blockchain, everyone could be entitled to this, and more money should be put into this development. He believes that the run up to his quest into presidency...

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