Despite the sharp decline in capitalization that has continued since October, Tether (USDT) occupies a virtually monopolistic position among the other steybcocoins. This "stable coin" is currently trading below the target mark of $ 1, and its capitalization at the January mark: Data: CoinMarketCap Nevertheless, the USDT is still in the top ten in terms of market capitalization (8th place), and the market share of the more “young” steybcocoins is still extremely low: Data: CoinDesk , CoinMarketCap Tether's only competitor, whose market share exceeds 1%, is Paxos Standard Token (PAX), which is 50th in market capitalization. At the same time,…
Author: BlockchainJournal
President of Poland Andrzej Duda signed a bill implying the introduction of a 19% tax on income from operations with cryptocurrencies. This is reported by Crypto News . According to the document , the profit from operations with cryptocurrencies equates to capital gains. The rate of 19% is the same for individuals and organizations. However, the tax is not charged when converting one cryptocurrency to another, but only when exchanging digital assets for fiat money, goods, services, etc. In addition, the new legislation provides for a so-called “solidarity tax” in the amount of 4%, which is levied if the income…
During the international business forum, the Islamic business group announced that it was considering creating a single cryptocurrency for all Muslim countries. This move will challenge the dominance of the US and the US dollar. The embargo imposed by the United States has had a strong impact on the Iranian economy; moreover, the country has recently been excluded from the SWIFT banking protocol. As a result, the country lost the ability to make international bank transfers, which caused "greater damage" to the country's economy. The situation with Iran was discussed at the International Business Forum (IBF) with the participation of…
The fourth largest European stock exchange, SIX Swiss Exchange, will launch next week a financial product based on several of the most liquid cryptocurrencies, reports Trustnodes . The new financial product (Exchange Traded Product, ETP) will consist of Bitcoin (48.13%), XRP (29%), Ethereum (16.39%), Bitcoin Cash ABC (3.74%) and Litecoin (2.74 %). ETP will be traded under the ticker HODL5. The tool is designed by cryptocurrency startup Amun AG. “Amun ETP will enable institutional investors, who are limited to working only with securities and do not want to create a repository for digital assets, to gain access to cryptocurrencies. It…
After held hardforka blokcheyna Bitcoin Cash several leading kriptovalyutnye Exchange has included support for both appeared tokens. Binance today released a statement saying that it has completed the distribution of Bitcoin Cash ABC (BCHABC) and Bitcoin Cash SV (BCHSV) to all relevant users. Trade in new tokens is possible in pairs BCHABC / BTC, BCHABC / USDT, BCHSV / BTC and BCHSV / USDT. The deposit and withdrawal of new cryptocurrencies will be available when it becomes clear that “the blockchain and the wallets are applicable and stable,” the statement said. Almost immediately after the hardfork on Thursday, Bitfinex via…
In the traditional Saturday review of the latest blockchain initiatives, applications such as supply chains, data protection and exchange, finance and trade, and among companies that are exploring the possibilities of the technology, note H & M, Accenture and the oil industry giants BP and Shell. IBM and Telefónica use blockchain to manage international mobile call traffic Where: Spain In which field: telecommunications Purpose: ensuring the reliability and transparency of registration of information from different networks when routing international calls, tracking the reliability of international calls and related data, identifying fraudulent schemes, resolving disputes Who is engaged: IBM, Telefónica Used…
This article will discuss three powerful strategies for exiting losing cryptocurrency transactions. Typically, they help minimize losses and keep stress low, while maintaining capital for future trading opportunities . Exit after closing below important trend line The incredible Bitcoin rally in October-December 2017 provided several low-risk entry opportunities. The graph shows the last such opportunity just before the peak formed on December 18: Prerequisites for purchase Prolonged sequence rising maxima (HH) and minima (HL) (definition of the rising trend); An increase in the slope of the 90-day simple moving average indicates that the trend is gaining momentum; After the correction,…
Tom Lee, a financial analyst and co-founder of Fundstrat Global Advisors, somewhat lowered his previous predictions regarding the price of Bitcoin, but still believes in its growth and believes that the first cryptocurrency can rise to $ 15,000 per coin before the end of the year. He made this statement in an interview with CNBC . In May, when Bitcoin cost more than $ 8,000, Tom Lee predicted that his price would rise to $ 25,000 by the end of the year, but in July he revised his forecast, calling the figure at $ 22,000. He based his forecast on…
The State Duma expressed the idea of launching a program to notify citizens about the appearance on the Internet of sites offering to buy fake tokens. The initiator of this idea was Natalia Kostenko, deputy head of the Committee for Control and Regulations. She stressed that fraudsters often use insufficient knowledge of Russians about digital currencies and attract them to various questionable schemes. Kostenko stressed : Cryptocurrency vendors often write on their websites that their activities are controlled by law enforcement agencies, thus misleading citizens. And if we do not have enough tools for the legal fight against such fraudsters,…
Almost two days after the hardfork on the Bitcoin Cash network, the question of which of the two chains formed can be considered the winner still remains open. Asset trading on many exchanges is still frozen or goes under various tickers, while miners lose huge money trying to establish control over the blockchain. Recall that as a result of hard forks Bitcoin Cash two competing chains were formed, which at this stage are called Bitcoin Cash ABC (BCH ABC) and Bitcoin Cash SV (BCH SV) for convenience. Representatives of both camps at the same time were involved in the so-called…