“Virtual Currency Tax Fairness Act” May Solve Bitcoin Tax Issue – January 21

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$8,626

Bitcoin price has remained in a tight range over the last 24 hours, trading mostly in the $8,600-8,700 range.

Top-20 altcoins appear to appreciate the stability, with XRP moving up 1%, Ethereum remaining stable, and Bitcoin SV leading the way with a 3% gain.

Top Stories for January 21, 2019 🔥

👉 “Virtual Currency Tax Fairness Act” May Solve Bitcoin Tax Issue

A bill was proposed in the United States last week, which would remove capital gains-related issues on small cryptocurrency transactions.

Currently, every purchase made with cryptocurrency is a taxable event. The current version of the bill would exempt taxes for transactions involving gains of over $200.

👉 UK Offering Six-Figure Sum for Forensic Crypto Software

The UK is offering $130,000 for software which can be used to pintpoint tax-evading cryptocurrency users.

Cryptocurrencies which they are looking to trace include all major coins, such as Bitcoin, Bitcoin Cash, Ethereum, Ripple, and more. Identification of dark web use and mixers is also high on the priority list, along with privacy coins.

👉 Fidelity Investments is Hiring to Scale Operations

A job posting on the Fidelity website has revealed that the investment giant is looking to scale their Bitcoin mining operations.

The position seeks a Bitcoin mining engineer, who can assist in designing, building, and maintaining the required infrastructure.