Wednesday, September 30, 2020

BTC hovering around $9,500, PTA exempts crypto trade from taxation: Crypto In-Shorts

The Takeaway:

30 August 2019. Are you tired of scouring the web for the latest crypto-updates? Enter the world of Crypto In-shorts on Chaintimes and find all you need!

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Crypto bulletin

BTC shows diminutive revival and soars back above $9,500. Despite afflictions in price, the crypto community maintains a bullish stance. Bitcoin dominates 70% of the cryptocurrency market, first-ever since March 2017. 

Binance Research reports that China’s Central Bank Digital Currency (CBDC) will require no bank accounts for its transfer. Transactions will uphold user anonymity. PBoC aims to boost CBDC’s circulation by offering privacy.

 

Bitcoin Price

Current Bitcoin Price – $9,591.70

Yesterday, Bitcoin opened at a price of $9,756.79. The fluctuations drove it to the lowest value of $9,421.63 and the highest value of $9,756.79 in 24 hours. Bitcoin closed at $9,510.20 and a decrease of 2.53% throughout the day. The crypto coin is still below its all-time high value of $20,089.00 by 51.43%.

 

Ethereum Price

Current Ethereum Price – $169.06

Yesterday, Ethereum opened at $173.96. The fluctuations drove it to the lowest value of $167.17 and the highest value of $174.00 in 24 hours. Ethereum closed at $169.52 and saw a decrease of 2.55% throughout the day.

The crypto coin is still below its all-time high value of $1,432.88 by 87.85%.

 

Cardano Price

Current Cardano Price – $0.045189

Yesterday, Cardano opened at $0.045835. The fluctuations drove it to the lowest value of $0.043396 and the highest value of $0.045835 in 24 hours. Cardano closed at $0.044697 and saw a decrease of 2.48% throughout the day.

The crypto coin is still below its all-time high value of $1.33 by 96.55%.

 

Bitcoin Market Cap

The day ended with $171,590,471,265 for the Bitcoin Market Cap.

Ethereum Market cap

The day ended with $18,272,060,828 for the Ethereum Market Cap.

Cardano Market cap

The day ended with $1,174,257,054 for the Cardano Market Cap.

 

Bitcoin Trading Volume

The 24-hour trading volume of Bitcoin – $15,186,481,764

Ethereum Trading Volume

The 24-hour trading volume of Ethereum – $6,439,641,406    

Cardano Trading Volume

The 24-hour trading volume of Cardano – $43,218,710    

 

Whale alerts

Crypto enthusiasts beware of these whales

  1. 522,552,400 XRP ($132,446,490) transferred from an Ripple to an Unknown wallet. Transaction ID: 4747DC17130EA2D95FC03CEAC1FC2843F55058EFB643EF7EE4C80C797DD7F81D
  2. 20,000,000 USDC ($20,036,056) transferred from USDC treasury to an Unknown wallet. Transaction ID: 0x999690fdfe6cf2f00dc453fe4a4c06c24dc480331c5f6eea141fd030226eb0b0
  3. 2,000 BTC ($19,010,858) transferred from Bitfinex to an Unknown wallet. Transaction ID: 87770a54b3104338ae95ca7dbaea97d9bb87b22fa95bd16d3faababb2a460c14

Crypto controversy

CNBC posted a 5 month old article on its twitter that highlighted the deception involved in Bitcoin’s trading.

The re-surfacing of an old article during BTC price drop didn’t escape the attention of Twitter users.

What to expect today?

Portugal Tax Authority exempts tax on cryptocurrency trading and payments. Mining firms don’t need to pay VAT when selling cryptocurrencies.

Though currently a feast for the public, will it turn into a ‘treat now, trick later?’ 

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Disclaimer: The article reflects the opinions of the author and is not representative of Chaintimes’ views.
The article does not offer any investment advice. User discretion is advised when investing in or trading with cryptocurrency. Extensive and diligent research should be carried out by the reader before making a decision.

Dorsey Gray
Dorsey Gray
Dorsey works in the oil and energy industry since he graduated as a mechanical engineer from Bagdad Senior High School. However, he loves to explore and write about the financial world while he sits in the balcony of his beachside room. Dorsey also loves to cook, but just for himself.

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