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The Organisation for Economic Co-operation and Development (OECD) will propose a fiscal framework for cryoactives to its 37 member countries as early as 2021.

A standard to better tax your cryptos
The OECD’s mission is to „promote policies that will improve economic and social well-being worldwide“. To this end, the organisation has its Centre for Tax Policy and Administration. Its main task is to promote the exchange of information between the tax authorities of member countries. But it also issues conventions aimed at harmonising their taxes (fiscal federalism) in order to combat tax evasion.

The best known is the OECD Model Convention on Exchange of Information on Tax Matters, or CRS (for Common Reporting Standard). It is notably these recommendations that have limited banking secrecy since 2005.

According to the Director of the Centre for Tax Policy Bitcoin Union and Administration, Pascal Saint-Amans, a similar framework will be introduced for cryptos in 2021 :

Basically, the idea is to have a standard that would be roughly equivalent to the SRC, if not the SRC. It will probably be delivered during 2021.

Pascal Saint-Amans
This standard will not contradict the directives of entities such as the European Commission, according to Saint-Amans.

Taxes, that puts everyone in agreement
For its part, the European Union is seeking to amend its Directive on Administrative Cooperation in Tax Matters (CAD). Its proposal was published on 23 November.

According to Saint-Amans, the amendment will be in line with OECD recommendations:

The OECD proposal will be „complementary“ to ongoing work in the EU. But the OECD is likely to set its standard before the EU. This will be an opportunity for the EU to align with our standard. …] The right comparison is not the Digital Services Directive, but rather all the many directives where the EU has implemented OECD standards. The seventh version of the DAC is an example of these, which is fully in line with what we are doing.

Pascal Saint-Amans
Further control of encryption and other digital assets is therefore expected by 2021. Between taxes and increased financial supervision, all will not be rosy for the cryptos holder.

Bitcoin climbs to over $ 19,400, altcoins are growing by three digits and the Dow is climbing to a new all-time high of 30,000. The bulls have a firm grip on the markets.

On Tuesday, the bulls showed they had full control of the crypto market as Bitcoin News Trader rose to $ 19,418.97 and several top 10 altcoins saw double-digit spikes to new highs in 2020.

The performers of the day were Stellar Lumens ( XLM ) and XRP, with gains of 53 percent and 38 percent respectively

With all the excitement and anticipation of a potential BTC surge to $ 20,000, crypto traders may have missed an equally impressive move in traditional markets.

On the same day, the Dow also rose by more than 400 points, reaching a new all-time high of 30,046 points. The S&P 500 and Nasdaq followed suit with gains of 1.6 percent and 1.3 percent respectively.

According to market analysts, there were 4 reasons for the much-needed confidence boost in the markets. Those are the development of three effective COVID-19 vaccines, extremely low interest rates from the US Federal Reserve, the possibility of another stimulus package and the increasing pace of the transition between the Trump and Biden administrations.

At press time, the S&P 500 and Nasdaq futures continued to rise. This suggests that the rally could continue

Since the beginning of the year, the DOW is up 6.84 percent and the S&P 500 is up 10.73 percent. While those are good returns for any investor’s portfolios, Bitcoin has far outperformed both and is currently growing 166.67 percent, according to Skew.

Surprisingly, Ether ( ETH ) continues to perform even better than Bitcoin. Last week, the leading altcoin began a parabolic rally that took the price to a new 2020 high of $ 623.

Bitcoin and Ethereum annual development. Source: Digital Asset Data

Usually the reporting revolves around Bitcoin and Ether. But this week has shown that altcoins shouldn’t be overlooked.

The two leading digital assets by market cap have rallied amazingly so far. But the data from the analysis website TheTIE shows that altcoins with smaller market capitalizations are also making serious waves.

In the past 24 hours, the tweet volume for selected altcoins has exploded. Many of them made gains on their BTC, USD, and USDT pairs.

After such a strong Bitcoin upswing, the digital asset can enter a brief consolidation phase or even test deeper supports. In the past, money in these situations flowed into altcoins and made them rise higher.

Should Bitcoin stagnate in the coming days, investors could repeat this procedure and thus further drive the current altcoin rally.

Glassnode-Daten zeigen, dass die Anzahl der BTC-Adressen für 10, 100 und 1000 US-Dollar ein Allzeithoch erreicht hat.

-Die Anzahl der Millionärs-Bitcoin-Adressen hat zum ersten Mal seit 2018 20.000 überschritten

Neue Daten von der Analyseplattform Glassnode scheinen darauf hinzudeuten, dass eine Rekordzahl von Privatanlegern Geld in Ethereum Code gesteckt hat, was die Anzahl der BTC-Geldbörsen auf ein neues Allzeithoch gebracht hat.

Laut einem Tweet, der am 27. Oktober von Rafael Schultze-Kraft, Chief Technology Officer bei Glassnode, veröffentlicht wurde, hat die Anzahl der Brieftaschen mit BTC im Wert von 10, 100 und 1000 US-Dollar ein Allzeithoch erreicht.

Glassnode-Daten zeigen, dass die Anzahl der BTC-Geldbörsen mit mindestens 10 US-Dollar jetzt bei 17,6 Millionen liegt, wobei über 3,6 Millionen Geldbörsen mindestens 1.000 US-Dollar enthalten

Glassnode veröffentlichte Anfang der Woche ein Update, aus dem hervorgeht, dass die Anzahl der Bitcoin-Millionärsadressen 20.000 überschritten hat und den höchsten Punkt seit Januar 2018 erreicht hat.

Der Anstieg der Brieftaschenadressen ist ein starkes Indiz dafür, dass Privatanleger auf Bitcoin setzen. Letzte Woche kündigte die Zahlungsplattform PayPal die Unterstützung von Bitcoin und anderen Top-Krypto-Assets an, wodurch der Preis für BTC auf ein Hoch von 2020 stieg.

Der beliebte Krypto-Handelsanalyst Peter Brandt äußerte sich ebenfalls optimistisch über die Aussichten von Bitcoin und veröffentlichte letzte Woche ein Update, in dem behauptet wurde, BTC sei auf dem besten Weg, den Monat auf dem zweithöchsten Stand aller Zeiten zu schließen.

Ether reaches a two and a half year high and follows Bitcoin to note significant levels this week.

Ether (ETH) returned to US$500 for the first time in more than two years on November 20, marking a change in the market for altcoins, which were slowly recovering from poor performance.

Ether records a two-year high of US$500

Data from Cointelegraph Markets, Coin360 and TradingView showed ETH/USD briefly overcoming the psychological barrier in Friday’s trading before a correction interrupted the break.

Although limited to around 6% daily earnings at the time of publication, Ether’s performance delighted traders, who noted that overall in 2020, the largest altcoin outperformed even the Bitcoin (BTC).

The accumulated returns for the year are 284% for Ether and 155% for Bitcoin.

In contrast to the fall in its prices in mid-March, just after the coronavirus-induced cross-asset drop, Bitcoin is still the strongest player. At the time, the ETH/USD was trading at only $117, causing Friday’s levels to rise 327%, while the BTC/USD gained 411% from $3,600 to $18,420.

Along with the $500 visit – Ether’s first since June 2018 – other important altcoins also showed signs of life, notably Litecoin (LTC), which with gains of 12% overtook Bitcoin on the day, and is the only major altcoin to overtake BTC last month – by 7%.

Previously, Cointelegraph Markets analyst Michaël van de Poppe argued that a new „altseason“ would have to wait, but that a realistic top for Ether’s next bullish run could reach $20,000.

In an interview with Van de Poppe for the Cointelegraph, however, Nugget’s News CEO Alex Saunders predicted that the ETH/USD would surpass its current record of $1,400 by the end of 2021.

Bitcoin again challenges $18,420

Meanwhile, Bitcoin held most of the attention on Friday, earning $18,000 and continuing to meet resistance at its previous top of $18,420 earlier in the week.

The anticipation of further gains remains strong, with highs of $20,000 in 2017, forming the only major resistance level higher on the chart.

A correction, possibly to levels as low as $11,600, is yet to occur, with $17,200 now serving as firm support for the bulls.

The Ultra (UOS) video game distribution platform collaborates with Theta Network, a video streaming platform. Both blockchain-based, Ultra and Theta Network’s technologies will interact with each other in many ways.

The close collaboration of Ultra and Theta

According to Ultra’s press release , the Theta network and its contents will be an integral part of the Ultra user experience. The specific ecosystems of the two Bitcoin Code platform and especially their users will fully benefit from the collaboration.

Ultra users will have the opportunity to earn TFUEL and UOS tokens by relaying the streams they watch. These tokens can then be used to buy video games and non-fungible tokens (NFTs) on the Ultra platform.

Theta is the first external application to integrate into the Ultra ecosystem. For example, content distributors on Theta will have the opportunity to promote Ultra’s NFTs such as games, DLCs, digital items and even online tournament admission tickets.

“ In our quest to deliver a full gaming experience, we are pleased to announce that Theta is the launch partner of the Ultra entertainment platform, allowing our users to access Theta to stream and watch live streams directly. from Ultra, ” said Nicolas Gilot, co-CEO of Ultra.

The collaboration therefore spans many areas, including the use of the Theta protocol to complement Ultra’s game distribution technology and the promotion of its games.

Millions of potential users for its launch

Thanks to Theta, Ultra users will be able to interact seamlessly with streamers, which will create a more engaging user experience than usual:

„Our main goal for 2020 is to continue to drive Theta adoption, and working with the Ultra platform allows us to expand the Theta network to whole new audiences around the world through their partnership with Ubisoft and AMD.“ , added Mitch Liu, CEO of Theta Labs.

As part of its launch later this year, Ultra will host exclusive esports tournaments that will be streamed on the Theta network.

At the time of this writing, the Theta community already consists of several million users , all of whom will be likely to use Ultra upon launch.

In addition to Theta, the Ultra platform has since the start of its activities supported by the giants Ubisoft and AMD . The French startup based in Paris certainly has other good surprises in store for us before the end of the year.

Before a public launch in the coming months and its many leading partners, the Ultra platform is already shaping up to be an outsider ready to compete with the biggest in its sector.

Todo el mercado de la criptodivisa – incluyendo Bitcoin – está siendo testigo de una ligera presión a la baja que ha ralentizado el ascenso de BTC
La criptografía de referencia se enfrenta a lo que parece ser una resistencia insuperable de 12.000 dólares.
Cada intento que los toros han hecho para superar este nivel ha resultado en firmes rechazos que hacen que su precio baje hacia la región de los 11.000 dólares.
A pesar de mostrar algunos signos de debilidad, la criptocurrencia sigue estando bien posicionada para ver más alzas a corto plazo – según un analista
La BTC está formando actualmente una estructura de mercado similar a la que se vio antes de que se iniciara su último repunte parabólico a los máximos de todos los tiempos

Bitcoin y el mercado de la criptodivisa agregada se encuentran actualmente en una firme fase de consolidación.

A excepción de muchas monedas alternativas de pequeña y mediana capitalización, la mayoría de los principales activos digitales no han podido ganar ningún impulso fuerte al consolidarse por debajo de una fuerte resistencia.

Ayer parecía que tanto el BTC como el ETH iban a intentar destrozar sus niveles de resistencia a corto plazo, pero esto provocó un firme rechazo que dio lugar a una tendencia a la baja a corto plazo.

A pesar de esta turbulencia actual, una comparación de la estructura del macromercado existente de Bitcoin con la que se ve en la criptodependencia justo antes de la ejecución parabólica en 2017 muestra sorprendentes similitudes.

Esto puede significar que la cripto-moneda está a punto de entrar en una tendencia alcista en toda regla.
Bitcoin muestra similitudes con la estructura de mercado anterior a 2017

En el momento de escribir este artículo, Bitcoin está bajando un poco menos del 2% a su precio actual de 11.700 dólares.

Después de empujar hacia los 12.000 dólares ayer, el activo digital de referencia se enfrentó a un influjo de presión de venta que finalmente lo llevó a unos mínimos de 11.600 dólares.

Esto demuestra que el nivel de 12.000 dólares sigue siendo insuperable, y es probable que se requiera una afluencia masiva de presión de compra para que se rompa.

Una tendencia que augura un buen futuro para Bitcoin a corto plazo son las sorprendentes similitudes entre su estructura de mercado actual y la que se observa antes del rally de 2017.

Mientras hablaba de esto, un popular analista de criptodivisa también ofreció un gráfico que muestra las similitudes mencionadas anteriormente.

„La misma distancia de lo que fue el último ATH. Casi el porcentaje exacto de distancia de ese ATH.“

Esto es lo que significa para la próxima tendencia del BTC

De acuerdo con este patrón, el próximo viaje de Bitcoin hasta sus máximos históricos tendría lugar hacia finales de diciembre o durante la primera semana de enero.