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Bitcoin's Rally to $40,000 Triggers Over $1,000,000,000 in Liquidations - The Daily Hodl

Tens of thousands of crypto traders had their positions liquidated as Bitcoin abruptly rallied to above $40,000.
dailyhodl.com
Data from the cryptocurrency futures trading and information platform Bybt reveals that on July 26th, $964.23 million worth of short positions across all crypto assets were liquidated as Bitcoin ignited a strong rally from around $35,000 to above $39,000 within four hours.

Live Bitcoin chart: https://uk.advfn.com/p.php?pid=staticchart&s=COIN^BTCUSD&p=0&t=16

CryptoCurrencies by Market Cap: https://uk.advfn.com/cryptocurrency?fpselector=1
 
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I don't know what thread to drop this in, so here is as good a place as any.

Right this company will be partnering with visa
https://cryptospend.com.au/
It basically uses crypto to buy goods.

So the question is:
Will this stop capital gains as you are buying goods and services with crypto like a reg currency ?
Is it then just taxed as income?
 
In the last week, Elon Musk said that TESLA's Bitcoin wallet values its holding at US$1.5 billion and as the Bitcoin price was well down from highs it tends to say TESLA is still buying. This does not include his own holding of Bitcoin and Dodge coin or smaller companies he has interests in. TESLA coins held given at 42,069 at $45.000 each = $1.893 billion.

How Many Bitcoins Does Tesla Hold? Elon Musk Offers a Hint

Tesla announced in February that it invested $1.5 billion (roughly Rs. 11,000 crores) in Bitcoins.
gadgets.ndtv.com

Unsubstantiated rumours have been around for a while now that Elon Musk will make a move and buy one or two Bitcoin miners . Favourites are the Canadian AIM market quoted Argo Blockchain known for its green credentials.

Argo Blockchain shares spike on social media rumours

Argo Blockchain PLC (LON:ARGO) shares started rising sharply and are up 17% to 102.3p in late afternoon trading. The cryptocurrency miner, which said...
www.proactiveinvestors.co.uk
 
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