Newsflash of November 04, 2019

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Market Cap at 2:05 (UTC) – $248,871,781,780 billion 

Bitcoin dominance: 67.2 % 

BTC $9,280.31 (+0.77%)

ETH $185.95 (+1.99%)

XRP $0.294906 (+0.92%)

British Tax Authority released an update on taxing crypto

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Her Majesty’s Revenue and Customs (HMRC) has released an update on taxing individuals and entities which involved in cryptocurrency. Per the update, HMRC considered the following activities are taxable: trading exchange tokens, exchange tokens for other assets (including different type of crypto), mining, charging cryptoassets for providing goods, services. Moreover, the type of tax will be varied as it based on the entities who involve in crypto business. Further reading.

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