After the last-week decline, bitcoin, the major cryptocurrency on the market, has managed to exceed $8,000 on Monday despite the rumors that Twitter can be the next to ban crypto advertisements.
Today bitcoin changed hands on the Bitfinex at $8,160.2 (6.6% up d-o-d). The top-2 coin Ethereum was priced at $526 (1% up) on this platform. Ripple was recorded on the Poloniex at some $0.64696 (7% up); Litecoin gained 1.41% reaching $151.12.
The first reports that Twitter considers blocking of crypto advertisements were heard last Sunday. The new rules are said to come into effect in two weeks.
Traders which invest into bitcoin can face tax challenges, as the US Internal Revenue Service warned that "all the assets acquired with digital currencies are subject to taxation as capital income," as The Guardian report reads. The authority made notice after detecting rather a small number of bitcoin income report (800 declarations from 2013 till 2015). Notably, refusal from reporting gains on bitcoin can be treated as tax evasion.
Meanwhile, the Federal Trade Commission has sued to companies that are believed to be connected with illegal business affecting 30 000 people across the globe. This means that the Commission strives to ban large projects in the crypto sector due to a threat of a fraud.