Wednesday 9 November 2016

Trump's victory stimulated the growth of Bitcoin

On Wednesday, the rate of e-currency bitcoin grows after the Republican Donald Trump won in the US presidential election.
Cost of the bitcoin jumped during the trading session by 4,1% - up to $733.61, according to data provider on the market cryptocurrency CoinMarketCap.com.
The bulk of bitcoins on Wednesday was bought for US dollars - it shows that the growth of the cryptocurrency was provoked by US investors, writes MarketWatch.
In the meantime, an inspection of the American tax services (Internal Revenue Service, IRS), made by the auditors of the US Treasury, has shown that the IRS is not doing enough to track the use of virtual currency.
The auditor's report notes the lack of coordination between the different departments of IRS in terms of control on circulation of the cryptocurrency, including bitcoin.
As in the case with the cash, the anonymity of transactions with virtual currencies can help people who are trying to get away from paying taxes, the report said.
At the moment, the most popular in the world cryptocurrency is bitcoin - the value of all bitcoins in circulation worldwide is estimated at $11.3 billion, shows the data from CoinDesk.


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