MOSCOW (Sputnik) – The price of Bitcoin continues to rise, hitting the highest level since mid-May at over $44,000 despite fears that the United States may pass cryptocurrency tax reporting legislation under the new Infrastructure Investment and Jobs Act.
According to the Binance cryptocurrency exchange, as of 12:00 GMT on Sunday, Bitcoin traded at $44,550, registering a 1.7% increase. The CoinMarketCap portal, which calculates the average price for more than 20 exchanges, also reported a 1.34% price growth to $44,418.
The US Senate has proposed a $1 trillion bipartisan federal infrastructure bill, which provides for raising additional funds through tougher cryptocurrency tax reporting. Under the new rules, cryptocurrency brokers may be required to report traders’ information, including sales prices, transfers and transactions of over $10,000, to the Internal Revenue Service.
The opponents have insisted the measure may hinder the development of the cryptocurrency markets in the US and worldwide.
Sourse: sputniknews.com
0.00 (0%) 0 votes
MOSCOW (Sputnik) - The Coalition for the Restoration of Democracy (CORED), which unites 18 opposition parties in Guinea, said on…
The news of an interplanetary scale comes after NASA believed it had captured its first sample with Perseverance last month,…
MOSCOW (Sputnik) - The last pipe of the second string of Nord Stream 2 has been welded, and after a…
LONDON (Sputnik) – The UK government on Monday condemned the military coup against the president of Guinea, Alpha Conde, and…