Venezuelan President Nicolas Maduro has announced that they would use their national digital currency Petro for the sale of Gold and Oil produce.  Maduro noted that their government was working tirelessly to expand the scope of use for its digital currency. Venezuela was already selling its mineral reserve including iron ore, and stell against Petro, but now they have decided to expand the portfolio to gold, oil and a few other assets as well. President Mudro in his interaction with the media said,

Bithumb, one of the leading crypto exchanges from South Korea has been served with a tax notice amounting to $69.3 million, reported a local daily. The news about the taxation was confirmed by Vidente Co., one of the most significant stakeholders in Bithumb. The taxation levied on the exchange by South Korean authorities also makes it first of its kind as the authorities have never taxed crypto trading service providers in the past.
The $69.3 million tax imposed by the National Tax Service (NTS) is a withholder tax as per the local laws. The NTS alleged that Bithumb failed to withhold taxes of foreign customers and the income generated from these international customers have been deemed as miscellaneous income. All the gains from the crypto trading would be taxed under asset laws.

Plan B, the crypto trader who made stock-to-flow charts for Bitcoin famous in the decentralized space has responded to the criticism from Bloomberg Market's editor Joe Weisenthal on the reliability of Stock-To-Flow ratio for determining Bitcoin's price. Plan B in his tweet called out Bloomberg's editor for his limited knowledge on the chart and also pointed out to the blunder of 2018 where he has predicted the value of Bitcoin to reach zero. He wrote,
"Last year (2018) you compared bitcoin to tulips and predicted BTC would go to zero in 2019 or 2020. Have You No Shame?"

Justin Sun, CEO of Tron Network has recently promoted a game, in which people can earn rewards by just getting a box from “just.game” website. The game, however, appears to be a Ponzi scheme.
Justin Sun has ensured that the launch of this game would bode well for the DApp industry. According to him, choosing a Tron blockchain this moment is the best app on the DApp platform.
But Even Justin Sun Is Not Sure
It seems that Justin Sun’s proposal is related to the launch of the game to get into action. Despite the CEO’s regular attempt to buy the box, the website is presently showing an error message. The game has also overwhelmed Justin, as he was unable to obtain the box for himself.

Bitcoin price fell below the key support level of $7,000 on 16th December and was trading at $6,940.82 at press time. The fall did not come as a big surprise for traders as the king coin has been registering daily lows in the past week. The next support is at $6,800 and if fails to hold that ground then $6,400 could be the next support level.  Bitcoin started the year near $3,500 and then continued to rise in the second quarter and again started to fall in the final quarter.

Many investors were predicting that the BTC price would again touch the roof after a prolonged winter in 2018, however, analysts warned that 2019 could be the consolidating year, and actual bull run might start after the Block Reward halving in early 2020. Now a Chainalysis report has suggested that the reason behind the falling price of Bitcoin could be the dump made by PlusToken holders.

#EranTire is CEO of Ledgertech. He is Former CEO and founder of EZSource, an IBM company, has held executive positions in the IT industry for over 25 years. Ledgertech was established in 2018 with the goal of driving digitalization and automation in insurance leveraging new technologies including blockchain, AI and machine learning. Stay tuned for videos of the NEXT Block Summit at Bangkok.

Bitcoin rising its value by $4500 in a week, after surging greater than 900 % this year. Many investors were unhappy with this fact, but the other market analyst was ok with the increase in the value. Market rates might go high, and people might be unsatisfied with this news, but the ones who have invested might be satisfied with the information. Rising from the ashes of fiat inferno is a tough job, and the ones that have lived up to this expectation are the winning parties. This has led many people to consider it as breaking news, but the others have not taken it much seriously. This excellent value increment is going to be a trademark for the industry. This has been a static change in the sector of bitcoins, but still, many people are getting settled with this fact. Fiat inferno is the real reason behind the difference in the bitcoin prices.

In the last ten years since Bitcoin was launched, cryptocurrencies have gained a lot of popularity and value in social media, generating fascination among the people. The use of cryptocurrency has come into existence since the bitcoin was created on January 3, 2009, by Satoshi Nakamoto. Industrial leaders believe that cryptocurrency will change marketing and finance forever in the near future. Lots of crypto enthusiasts and bloggers are now coming and posting on free guest posting sites for cryptocurrency.
Cryptocurrency is a booming industry with lots of experimentation and exploitation always going on, so there is a huge demand for accurate, up-to-date, and timely information. Also, there is also the demand for the latest blockchain updates, which is the underlying technology of blockchain. So, for this reason, bloggers are competing with each other to provide top-quality information and are always in a look for the best guest posting sites. In this article, you will be guided to some of the best guest posting sites where you can publish blogs on cryptocurrency.

Source>>crypto kmowmics