Bitcoin Exchange Transactions Now Tax Free In Europe
The crypto-currency can now be traded with the same tax implications as mainstream currency. Following a new ruling from the highest court in Europe, bitcoin and other virtual currencies can be exchanged without VAT (value added tax) in the European Union. The ruling puts bitcoin on a similar level to mainstream money after Swedish national David Hedqvist More...
Brazil’s Recession Could Be Worse Than Previously Expected
Dilma Rousseff, Brazil’s president has been struggling to maintain power over the country after a vast corruption scandal. New lows have been reached for Brazil’s currency, the real, it was revealed on Thursday More...
Long Term Growth May Slow In US Stock Markets Due To Overvalued Stocks
The price of the S&P 500 over the last 10 years. Following the financial meltdown of 2008 investors have seen a six year boom in stocks with the S&P 500 rising up to 2,079 at the time of writing all the More...
Greek Banks To Re-Open From Monday
Greek banks were originally closed to prevent a collapse whilst the country was in talks with it’s creditors. After three weeks of closure the Greek government has ordered banks to re-open on Monday. Just More...
Trading Comes To A Halt On The New York Stock Exchange
NYSE officials have denied any relation to a cyberattack. The largest stock exchange in the world has seen trading on all shares suspended due to technical difficulties. Officials have confirmed that all open orders More...
British Banks Reduce Deposit Guarantees To £75,000
The deposit guarantee has been reduced following the devaluation of the euro. £75,000 will be the guarantee limit for cash in bank accounts from 01 Jan 2016, said the Bank of England. The current limit of £85,000 More...