US Internal Revenue Service Issues Crypto Tax Guidance – October 10

πŸ“ˆ 30 Second Cryptocurrency Price Summary

Current Bitcoin Price:Β $8,496

Bitcoinhas risen almost 4% over the last 24 hours, finding new three-week highs.

Ethereum is up 3%, while XRP has dropped 3%. Huobi Token is the biggest mover in the altcoin top-20, up 5%.

Top Stories for October 10, 2019 πŸ”₯

πŸ‘‰ US Internal Revenue Service Issues Crypto Tax Guidance

The United States IRS has published an updated tax guidance for cryptocurrency, the first since 2014.

This new guidance clarifies processes regarding cryptocurrency hard forks, taxable gains upon selling crypto, and valuing crypto which has been received as income.

πŸ‘‰ Bitcoin Hits $8,600 with USD Inflation on the Horizon

Bitcoin has seen a quick jump to USD$8,600, as the Federal Reserve announces a pending increase in reserves.

There is also much optimism surrounding the upcoming SEC decision on the Bitwise ETF.

πŸ‘‰ Poloniex Delists Another Round of Altcoins

Poloniex has sent emails out to the holders of six cryptocurrencies that the exchange is delisting.

Clams, Pascal, Steem, Navcoin, GameCredits, and LBRY Credits will all be unavailable to trade as of October 15.