
IRD sets its sights on bitcoin
The IRD may treat crypto-currencies like gold held for profit.
The IRD may treat crypto-currencies like gold held for profit.
Bitcoin's price has gone into free fall as bitcoin cash spikes.
The New Zealand dollar traded at US70.10c at 5pm from US69.89c in New York on Friday.
The S&P/NZX50 Index fell 16.71 points, or 0.2 per cent, to 8,344.15
Bitcoin has been hailed as "Gold 2.0", but there's a bit of a problem.
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The kiwi rose against the Aussie after business confidence eased across the Tasman
The S&P/NZX50 Index edged up 3.3 points, or 0.04 per cent, to 8,280.81
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OG Oil & Gas has crossed the 50 per cent threshold.
The kiwi rose to US68.86c at 5pm from US68.34c at the start of the day
The S&P/NZX 50 Index gained 42.42 points, or 0.5 per cent, to 8,277.51
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Kiwi dollar was heading for a weekly decline, after being dragged lower by the Oz dollar.
Mining operations have become big business amid the stratospheric rise in cryptocurrencies
The digital currency has surged by more than 1500 per cent this year.
The kiwi declined to US68.60c at 5pm from US68.76c at 8am.
The S&P/NZX50 Index gained 41.74 points, or 0.5 per cent, to 8,172.6.
The value of bitcoin has soared nearly 1200 per cent this year.
The NZ dollar was traded at A90.93c at 5pm from A90.21c late yesterday.