After going as high as $9200, Bitcoin failed to close above $9,000 after  retesting it yesterday; price took an interesting dive intraday and found support around $8,450. In the daily, the 10 EMA still acts as a  support trail. Price needs to maintain its range, should there be any strength left to hold. Otherwise, it could fall back to $8,000 - $7,600  level as its next possible support.  

Global market cap is at $237B, while BTC's market cap is at $157B.

A bill seeking to exempt realized gains from crypto transactions under $200 has been introduced by US Reps. Suzan DelBene, David Schweikert, Darren Soto and Tom Emmer. "The Virtual Currency Tax Fairness Act of 2020"  would provide relief for low-level use cases, as under current federal  law, day-to-day crypto traders must report even marginal capital gains.  Back in 2014, the US Internal Revenue Service (IRS) defined bitcoin and  other cryptocurrencies as a form of private ownership, and thus, any  transactions are subject to income tax.

Should be bill pass and  eventually come into force as law, it would retroactively apply to all  qualified transactions from Dec. 31, 2019.

The U.S. SEC has charged Boaz Manor and his associates with raising over $30 million through a fraudulent ICO https://t.co/O8jFbr0rEu— Cointelegraph (@Cointelegraph) January 17, 2020

The US Securities and Exchange Commission (SEC) has charged convict Boaz Manor,  his business associate, and CG Blockchain Inc. and BCT Inc. SEZC, for a fraudulent initial coin offering (ICO) that raised over $30 million.  The ICO was conducted with the objective to develop techonology to help  hedge funds test and record transactions on the blockchain. Manor  misrepresented himself as "Shaun MacDonald," an employee of his  associate Edith Pardo.

Both Manor and Pardo were criminally  charged, with the SEC seeking disgorgement of illegally obtained profits  plus interest, penalties, and injunctive relief, as well as barring  Manor and Pardo from acting as officers or directors of public companies  and from participating in future securities offerings.

BTCX, a Stockholm-based crypto exchange confirms its plan for an initial public offering (IPO) before  the end of Q3 2020. Corporate financial advisory firm Eminova Partners  has been engaged to help file the offering. The filing is expected to  take place in Sweden. Oskar Soderstrom, CEO of BTCX wrote an email  saying, "Our aim is to bring bitcoin to the masses and to bridge the gap  between new and traditional finance."

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