Crypto News | Congress Blockchain Talks

Oh, to be young and to be in love! For all of you not hunched over your laptops with a big bowl of ice-cream, it’s Valentine’s Day – and what better gift to give that special someone than a nice, full BTC wallet? How about the news of today’s Congress blockchain talks? As it happens, the members of Congress will finally have a chance to express their love for Bitcoin and blockchain technology in general, and the whole world is watching. So, what can we expect from these long-awaited Congress blockchain talks? Well, starting at 10 a.m. EST, panelists will discuss “Emerging Applications for Blockchain Technology”. This is only the first step, which may lead to developing potential applications for blockchain technology within the government. More than anything, this recognition is a great victory for the crypto community.

While we’re on the topic of love, there’s one thing nobody loves: taxes! Bitcoin users least of all. According to several independent reports, nobody is paying any taxes on their Bitcoin gains. Experts argue that this only serves to emphasize how hard it is to accurately report any gains or losses when it comes to cryptocurrencies. Many are pushing for a new category for cryptocurrencies, which are currently listed as property. The IRS is happy with its classification, and in case the trend continues, it may just bring down the hammer.

Still, we can’t let taxes ruin this special day, can we? If you’re looking to take your mind off things, even if you’re solo, here are a couple of Valentine’s Day ideas and things you can buy with cryptocurrencies. Looking for a getaway? CheapAir.com accepts Bitcoin, as well as Expedia. Looking for a simple gift? Overstock’s got you covered. BitRoses if you’re old-school and want to send a last-minute rose (or a dozen). The Bitcoin gods were kind for you? Sure, splurge! Buy jewelry from REEDS Jewelers. If you’re solo and depressed, hit up OkCupid. Who knows, you might find someone. If no, you’ve still got your coins.

Will the spending affect BTC prices? Probably, but it shouldn’t be too crazy for the first quarter. You can expect a small decrease. The market is kind of slow, and with the Chinese New Year right around the corner, you can expect the price to stagnate for a bit longer as Chinese users sell their coins.

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