Given the hype and ironic humor around its release, the currency attracted a cult following among cryptocurrency enthusiasts. Undaunted, West’s legal team filed suit, compelling the creators to sell their holdings and shut down Coinye’s website.
This article is excerpted from Tom Yeung’s Moonshot Investor newsletter. To make sure you don’t miss any of Tom’s potential 100x picks, subscribe to his mailing list here. How to Build a Cryptocurrency out of Red Flags Source: Filippo Ronca Cavalcanti / Shutterstock.com On Friday, news spread that the popular Squid Game (CCC:SQUID-USD) token was unsellable on PancakeSwap. By Monday, the Binance token had dropped from $2,860 to less than a fraction of a cent. “People’s portfolios gone [sic] green
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Cryptocurrency such as Bitcoins, Ethereum and others, is a form of decentralised digital money. They function on the principle of blockchain technology connected to a network of computers. People around the globe are taking interest in cryptocurrency. If you are one of those interested in cryptocurrencies, you need to understand the various aspects of it. And the question of how cryptocurrencies can attract tax is as much valid if you are looking at investing. So, have you ever thought about how the government can tax your cryptocurrency investment? Find out the various ways in which it can be done.
The first cryptocurrency was bitcoin. The bitcoin domain was registered in 2008, but the first transaction took place in 2009. It was developed by someone called ‘Satoshi Nakamoto’. However, there is speculation that Nakamoto is a pseudonym as the bitcoin creator is notoriously secretive, and no one knows whether ‘he’ is a person or a group.
The NFTs sold to holders during the three-day presale will account for 30% of all tokens on the December 1 launch. NFT holders will be able to claim 30% of all tokens after the launch and then unlock 2% of tokens every day after. As long as they hold their NFTs, they will be eligible to receive 2% of tokens every day going forward.
Still, from a technical perspective in the price action, SAFEMOON seems unstoppable despite the current retracement it has been witnessing since it hit the all-time highs last month at around $0.0000065. Now, the price is treading waters around the 50-period simple moving average (SMA) at the H4 chart.
“SafeMoon is now in the Dave Portnoy business and vice versa,” Portnoy said. “Why? I don’t know. it could be a Ponzi scheme,” he said. “If it is a Ponzi, get in on the ground floor,” he quipped.
Early cryptocurrency proponents shared the goal of applying cutting-edge mathematical and computer science principles to solve what they perceived as practical and political shortcomings of “traditional” fiat currencies.
Combining the BSADF with the GSADF test allows the r2 value to vary while still using a backward expanding window. r2 starts at the smallest possible window size, and moves one point at a time towards the end of the time series.
Netflix's subscriptions saw a bounce when the program was released. According to Bloomberg, the Korean series is thought to be worth some $900m to the streaming giant, after costing just $21.4m to make.
Some experts predict bigger, global corporations could jumpstart this adoption even more in the latter half of this year. “What we’re looking at is institutions getting involved in crypto, whether it’s Amazon or the big banks,” says Weiss. A huge retailer like Amazon could “create a chain reaction of others accepting it,” and would “add a lot of credibility.”
Notes: This figure plots weekly averages of log price and log network size (log of unique active addresses) of Bitcoin and Ethereum over the period from August 2015 to January 2019. We normalise both the time series by subtracting their mean and dividing by their standard deviation.
If a trader carries out cryptocurrency transactions often, any profit from there on would be taxable as business income. If cryptocurrencies are held as ‘stock-in-trade,' the income arising from there will also attract tax.
Compare cryptocurrencies based on their price, market capitalization and volume over 1 hour, 24 hours, 7 days, 30 days, 90 days, 1 year and total time in market. Put crypto side-by-side and follow changes and improvements over time.
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Fourth quarters tend to be bullish for crypto. But we expect this one to outperform previous years. That’s because we are in the final 320-day cycle of this multiyear bull market. The last time...
Panic broke out after the crowd began to press towards the stage at Travis Scott's Astroworld Festival.