Summary:
- UK’s tax agency publishes tax guidelines for cryptocurrencies
- Opera launches a new version of its mobile browser having a built-in Ethereum wallet
- Bitcoin (BITCOIN on xStation5) a little lower after five days of increases
Friday’s trading in the cryptocurrency market has been rather calm compared to the previous day thus far. Moreover, the two largest virtual currencies - Bitcoin and Ripple (RIPPLE on xStation5) - have experienced slight declines. However, some cryptocurrencies, such as Dash (DASH on xStation5), have seen large gains so far today. The capitalization of the whole market sits around the $134 billion mark while Bitcoin accounts for 53.1% of this value.
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Bitcoin has marched lower after several days of large gains. The cryptocurrency is trading around the $4000 handle at press time. Source: xStation5
UK’s tax agency publishes crypto tax guidelines
Her Majesty’s Revenue and Customs, a British tax agency, published crypto-related guidelines. The document named “Cryptoassets for Individuals” explains, among others, how crypto investors should make tax payments. “This paper sets out HMRC’s view - based on the law as it stands at the date of publication – about how individuals who have cryptoassets are taxed”, as we could read in the HMRC’s report. However, the agency says that the paper “does not explicitly consider the tax treatment of cryptoassets held for the purposes of a business carried on by an individual”. Nevertheless, the tax agency mentions that it will publish further information for such subjects.
Ripple, like its bigger peer Bitcoin, has experienced a slight drop. Source: xStation5
Opera launches a new version of its mobile browser having a built-in Ethereum wallet
Opera announced the release of its updated Android app which has a built-in Ethereum wallet, and now this mobile web browser supporting Web 3 is ready to download in the Google Play Store. Why did Opera decide to support Ethereum in its app? The answer could be found in a Opera’s release. “We’ve decided to support Ethereum, as it has the largest community of developers building Dapps and has gathered a lot of momentum behind it”, as the company’s statement reports. Let us remind that Opera announced this feature earlier this year, but now it confirmed it. The Opera’s concept may be another step which will popularize cryptocurrencies.
