Australia To Impose Crypto Tax, Crypto Daily TV 27/10/2022

In Todays Headline TV CryptoDaily News:

https://www.youtube.com/watch?v=32dEHx2gFHU

Cash App now supports bitcoin lightning payments.

Michael Rihani, product lead at mobile payment service provider Cash App, has confirmed that the firm’s 40 million users will now be able to use the Bitcoin Lightning Network to send and receive payments instantly.

Crypto investment firm Q9 gets provisional approval to operate in Dubai.

A Hong Kong-headquartered crypto investment platform, Q9 Capital, received provisional virtual asset approval from Dubai’s Virtual Asset Regulatory Authority. The company announced its expansion to the UAE and applied for a full operating license as well.

Australia to impose capital gains crypto tax

The cryptocurrency industry said it was disappointed with Australia’s decision to continue treating digital currencies as assets for tax purposes, and not as foreign currency. The government said in its budget announcement it would introduce legislation to enshrine the treatment of digital currencies such as Bitcoin as an asset.

BTC/USD skyrocketed 3.2% in the last session.

The Bitcoin-Dollar pair exploded 3.2% in the last session. The Ultimate Oscillator is giving a positive signal. Support is at 18753.3333 and resistance is at 21105.3333.

The Ultimate Oscillator is currently in the positive zone.

ETH/USD skyrocketed 6.2% in the last session.

The Ethereum-Dollar pair rose 6.2% in the last session after gaining as much as 8.8% during the session. The Ultimate Oscillator is giving a positive signal. Support is at 1252.131 and resistance is at 1625.991.

The Ultimate Oscillator is currently in the positive zone.

XRP/USD exploded 1.5% in the last session.

The Ripple-Dollar pair skyrocketed 1.5% in the last session. The Williams indicator is giving a positive signal. Support is at 0.43 and resistance is at 0.4882.

The Williams indicator is currently in positive territory.

LTC/USD saw a minor rise of 0.2% in the last session.

The Litecoin-Dollar pair saw a minor rise of 0.2% in the last session. The MACD is giving a positive signal. Support is at 50.4667 and resistance is at 59.5067.

The MACD is currently in the positive zone.

Daily Economic Calendar:

US Durable Goods Orders

The Durable Goods Orders measures the cost of orders received by manufacturers for durable goods, which means goods which should last three years or more, excluding the transport sector.  The US Durable Goods Orders will be released at 12:30 GMT, Japan’s Jobs / Applicants Ratio at 23:30 GMT, Australia’s Export Price Index at 00:30 GMT.

JP Jobs / Applicants Ratio

The Jobs to Applicants Ratio released by the Japan Institute of Labour is obtained by dividing monthly active job openings by monthly active applications.

AU Export Price Index

The Export Price Index measures the changes in the prices of exported goods and services.

JP Unemployment Rate

The Unemployment Rate measures the percentage of unemployed people in the country. A high percentage indicates weakness in the labor market. Japan’s Unemployment Rate will be released at 23:30 GMT, the US Gross Domestic Product Annualized at 12:30 GMT, Australia’s Import Price Index at 00:30 GMT.

US Gross Domestic Product Annualized

The Gross Domestic Product Annualized shows the annualized monetary value of all the goods, services, and structures produced within a country.

AU Import Price Index

The Import Price Index measures changes in the prices of imported products. High prices for imports carry inflationary pressure.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.