In Austria, swapping bitcoin directly for physical gold is considered a taxable event, unlike exchanging one cryptocurrency for another, which is generally tax neutral. The gain is calculated based on the difference between the bitcoin's acquisition cost and its value at the time of the swap, taxed at a special rate of 27.5%. This tax applies even if no euros are involved in the transaction. However, bitcoin acquired before February 28, 2021, may be exempt under legacy rules. After the swap, the gold received starts a new tax holding period, with potential tax implications if sold within one year.
Molson Coors Beverage Company is rated a Strong Buy due to its undervalued stock price despite challenges like declining volumes and consumer weakness in the US. The company reported resilient free cash flow and a stable balance sheet in Q2, reaffirm...
Samsung reported a record 5.7 times year-over-year growth in memory revenue, now making up 70% of its total revenue. This growth was achieved without heavy reliance on Nvidia, as no single customer accounts for more than 10% of Samsung's revenue. Loo...
Fundstrat Global Advisors predicts Bitcoin will experience significant price swings of 30% or more, continuing its history of volatility. The firm’s co-founder Tom Lee sets a long-term price target between $200,000 and $250,000 by 2026, while near-te...
Zcash (ZEC) price remains strong above the crucial $490 support level, maintaining its recovery since the March-April low. The cryptocurrency is currently trading around $511, with key resistance between $520 and $530. A breakout above this range cou...
Bitcoin's price has stabilized around $63,650 after months of volatility and a sharp sell-off in June. The cryptocurrency is consolidating in a narrow range between $63,000 and $64,000, showing reduced selling pressure and short-term stability. Howev...
