Coinatory

According to reports from Chile, the authorities decided to oblige cryptocurrency owners to pay taxes on digital assets. While it is difficult to say, the consequences of this step will be negative or positive. Last year was frankly "bearish" for cryptocurrency; In addition, in 2018, Chilean crypto exchanges lost support from the banks that closed their accounts, which put many exchanges on the brink of collapse. Although the stock exchange began to massively go to court, Themis seems to be on the side of the banks. However, the banking ban failed to slow down the pace of progress in this sector, and the government finally paid attention to the growing popularity of cryptocurrencies among Chilean citizens. Although the authorities ... Read more about " Chilean government taxed cryptocurrencies " on coinatory.com

The Ministry of Finance of the country recalled that digital money is still not considered as means of payment. The Hungarian government is working to create a regulatory framework for regulating the digital money market. The authorities gathered a group of specialists to assess the legal, economic, security and other aspects of the cryptocurrency, according to a statement issued by the Ministry of Finance of the country. The sector will begin to study representatives of the Ministry of Finance, the central bank, tax and other ... Read more about " Hungary starts regulating cryptocurrencies. Reduced taxes for investors. " on coinatory.com

The Irish government agency for attracting foreign investment (IDA) plans to launch an online platform for the development of the digital economy of the state. The Blockchain Ireland project will become a kind of public advertisement as an "ideal place" for international blockchain companies. "We view the blockchain as an area with enormous potential. The initiative will strengthen this technology in Ireland and our reputation as a global blockchain-center of excellence, "noted IDA"s Director of Information Technology, K. Fingleton. The ... Read more about " Ireland wants to become a world blockchain-hub for investors " on coinatory.com

For those of you, who checked the Bitcoin price today, the picture was shocking. Here"s how it looks at the time of writing on gdax.com: Doesn"t look promising, isn"t it? BTC price crashed first support zones at 7220$-7200$ and another one at 7150$ - 7095$. This opened "good old" (not really good though) supports at 6950$ and 6690$. Later on, 6950$ support was smashed and even 6690$ was challenged by the peak 6665$ After that, the price bounced up and we"ve seen buying orders to prevail the selling ones. What ... Read more about " June 10: BTC price drop: what happened? " on coinatory.com