{"id":30740,"date":"2019-01-04T13:15:57","date_gmt":"2019-01-04T12:15:57","guid":{"rendered":"https:\/\/ethereumworldnews.com\/?p=30740"},"modified":"2020-02-19T01:17:51","modified_gmt":"2020-02-18T23:17:51","slug":"bitcoin-cash-price-analysis-bch-floors-at-150-regulators-willing-to-learn","status":"publish","type":"post","link":"https:\/\/ethereumworldnews.com\/bitcoin-cash-price-analysis-bch-floors-at-150-regulators-willing-to-learn\/","title":{"rendered":"Bitcoin Cash Price Analysis: BCH Floors at $150, Regulators Willing to Learn"},"content":{"rendered":"
Thing is investors are unfazed and even as speculators rush to the exits research data from Chainanalysis show that most were stockpiling days before prices plummeted ahead of the disastrous hash rate war of the third week of November 2018.<\/p>\n
Read:<\/em><\/strong> Bitcoin (BTC) is Set to Become the World\u2019s Reserve Currency, Max Keiser Says<\/a><\/em><\/p>\n Luckily, both parties\u2014SV and BCH backed by Bitmain realized how expensive it was and instead of fighting \u201cto death\u201d, finances declared a cease-fire by the eighth day. A truce has been struck and with replay protection in place, both coins are advancing their causes with decent market valuations.<\/p>\n In the midst of all these, news has it that the South African government is following the state of New York route creating a regulatory task group to study digital assets and blockchain technology in detail. The objective will be to create a \u201cunified intergovernmental regulatory framework<\/em>\u201d that will better place the South African government to appropriately respond to blockchain based solutions as cryptocurrencies and other digital assets.<\/p>\n Also Read:<\/em><\/strong> Cryptocurrency Lenders Thriving in Bear Market<\/a><\/em><\/p>\n This will also smooth kinks allowing tax authorities to update current tax returns form allowing for the inclusion of crypto gains and losses in 2019. This is a bold move in a country where up to 47 percent<\/a> of the populace plan to invest in cryptocurrencies.<\/p>\n In a letter, Tito Mboweni, the Minister of Finance said:<\/a><\/p>\n \u00a0\u201cWork is under way within SARS to consider the amendment of the tax forms for the 2019 tax season in order to cater for the description of other assets (which will include cryptocurrencies) by means of a specific description field on the form.\u201d<\/p><\/blockquote>\n <\/a><\/p>\n At fourth, BCH is one of the top performers in the last two weeks. Though it is up 8.6 percent from last week\u2019s close, we expect bulls to reassert themselves, generating enough momentum that will propel prices above important resistance zones and buy triggers.<\/p>\nBitcoin Cash (BCH) Price Analysis<\/h2>\n
General Overview<\/h3>\n