Bitcoin Gold just got listed on https://coinmarketcap.com/ as 5th most valuable crypt currency in terms of market capitalization
After all the rumors about Bitcoin Gold, Bitcoin’s latest fork got listed on Coin Market cap with market cap of $5 billion, currently Bitcoin Gold is above Monero, Litecoin and Dash in terms of market value, making it 5th most valuable crypto currency in coin market cap.
There were many rumors about the acceptance of BTG (Bitcoin Gold) in the Bitcoin Network because of many controversies revolving around BTG but all the rumors died after Coinmarketcap listed BTG on its website.
Circulating Supply of BTG is standing at 16,672,861
Second successful fork after the success of Bitcoin Cash
BTG is the second fork of Bitcoin after Bitcoin Cash, and Bitcoin cash is a success there is no doubt about that, current market cap of Bitcoin cash is around $27 billion and there are many chances that BTG will follow the footsteps of Bitcoin Cash in future.
Major Exchanges listing Bitcoin Gold
One of the biggest reasons that price of BTG is increasing is that major Bitcoin exchanges like Bitfinex which holds the title of leading Bitcoin exchange in the world with most volume recently announced that it will list BTG and they are now offering pairs like BTG/BTC and BTG/USD giving its clients and opportunity to trade BTG.
Until now Bitcoin Gold community was a bit uncertain about the future of the currency due to recent issues regarding hacking of BTG and Vulnerability of the currency but now it seems like everything has been sorted out as for now.
Is Toronto Next to Accept Bitcoin for Property Taxes?
Toronto is the biggest city of Canada with a population of more than 6 million. It’s also one of the leading global financial centers which makes it an attractive place for investors.
Bitcoin has emerged as the leading cryptocurrency in the world and attracted a lot of attention from financial investors. There are many crypto exchanges and investors in Toronto, which makes it an important destination for crypto startups and investors.
Recently, there has been a surge in usage of Bitcoin in the Real Estate world as lot of companies around the world are now accepting Bitcoin for buying and selling of properties. In April 2019, Innisfil, A town located in Ontario, at a distance of about 1 hour drive from Toronto, announced that they will accept Bitcoin for property taxes at the municipal level. In July this year, Richmond Hill announced that they are ready to accept Bitcoin as a payment method for property taxes.
Evan Kuhn, Co-Founder of a Toronto based crypto exchange Coinberry believes that integration of Bitcoin as a payment method for property taxes in Toronto can reduce cost, not only for tax payers, but for municipalities as well. Kuhn mentioned
“It doesn’t cost homeowners to use the service, and it costs the municipalities far less in processing fees”
“A credit card company charges a 3% fee,” he said. “Our fee is .5%, so that’s a lot more beneficial for the municipalities.”
He further explained the entire process to make it simple for the users and for the authorities. “When a resident makes a payment through our exchange, the company immediately converts the Bitcoin into Canadian Dollars and pays the relevant authority, so in basic concept this entire process works like a credit card system but with lower fee for both parties”
Morning Crypto Roundup
- Crypto market entered into a consolidation phase, with market cap at around $265 billion, market is currently trading in a range
- Bitcoin stays above $10,000
- Gray scale reported in a recent report that there are 7.1 million active Bitcoin users worldwide with more than 32 million Bitcoin wallets.
- After Innisfil and Richmond Hills, is Toronto next to explore an opportunity to pay property taxes through Bitcoin?
- According to a report from CryptoCompare.com, Untrusted crypto exchanges are dominating the crypto volume with more than 2/3 share