Canada Adopts International Crypto Tax Reporting Standard
Canada is aimed at having the OECD standard for crypto asset tax reporting in place by 2027, as agreed with 46 countries.
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The crypto winter seems to be finally over, with Bitcoin breaking past $12,600 recently. According to CoinMarketCap, Bitcoin hit a low of $3191.30 at the end of 2018 after reaching an all-time high of close to $20,000 in December 2017. This year alone Bitcoin has increased in value from around $3400 in January 2019 to hovering around $11,600 in August at the time of writing.
Since the time of launch in 2009 Bitcoin has had a 8,524% ROI according to CoinMarketCap.
The bitcoin halving is when the reward for mining bitcoin will be halved. Currently, the reward for bitcoin miners is 12.5 BTC per block. At the next Bitcoin halving, this figure will be reduced to 6.25 BTC, this is estimated to be in May of 2020. The previous bitcoin halving was on the 9th of July 2016 when the bitcoin block reward was reduced from 25 BTC to 12.5 BTC.
The Bitcoin halving increases the scarcity of Bitcoin as the number of Bitcoin mined per block is less. The more scarce the original crypto is the greater the demand will be, which will likely lead to a price increase. History tells us that approximately 12 months away from a bitcoin halving event, we can expect a lot of price volatility leading up to the event.
The crypto winter is finally over, this also means crypto experts have started making bold Bitcoin price predictions. Here are some of the top predictions from crypto experts:
UPDATE
Coindirect.com offers a global platform to purchase Bitcoin using credit cards, crypto, bank transfers and other localised payment methods.
Canada is aimed at having the OECD standard for crypto asset tax reporting in place by 2027, as agreed with 46 countries.
Since the well-anticipated spot Bitcoin ETF event is over, some industry experts have turned to warning signals for the the road ahead.
Bitwise revealed that in the month after past BTC halving price saw a little movement but in the following year it saw significant gains.
The Blockchain for Good Alliance alliance is joined by numerous organisations including Bybit Web3, Solana Foundation, Moledao and others.