Day: August 5, 2022

This CRYPTO will make MILLIONAIRES | Don't do this in Crypto Investment | Cryptocurrency

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #Cryptocurrency #Crypto #Investment Cryptocurrency investment is very easy and simple, everyone knows how to buy Crypto/Tokens, but when it comes to figuring out which Crypto to buy some of the investors make huge mistakes, which you should not while investing in Cryptocurrency. Let’s Discuss. WARNING – We will never leave share our whatsapp number on your comment, nor will contact your from any social media account (Our only Social Media Account links are given below), we never ask for any money or…

Solana-hacked crypto could be claimed as a tax loss: Experts

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For unlucky crypto investors looking to turn lemons into lemonade — it turns out that digital assets lost during an exploit or hack can potentially be claimed as a tax loss, provided you live in the right country, experts told Cointelegraph.  Following the news that more than 8,000 Solana wallets had been compromised and that an estimated $8 million dollars in crypto had been stolen due to a security breach in Web3 wallet provider Slope’s network, this may be some much-needed consolation. The Solana hack, and it’s possible tax consequences:…

Crypto Exchange Blockchain.Com Joins Exchanges in Italy

Blockchain.com, a global cryptocurrency exchange headquartered in the UK, said on Thursday it had registered as a virtual asset service provider in Italy. The move made the London-based full-stack crypto services platform one of the latest crypto firms to have received such a registration. The latest approval enables its legal entity to operate in Italy issued by the Italian financial authority Organismo Agenti e Mediatori (OAM). Blockchain.com said the registration it obtained would make it accountable and minimize the prospects for money laundering. In a statement, the firm said it can…

Bank of England Raises Interest Rate by Most Since 1995

CryptoX – Cryptocurrency Analysis and News Portal The Bank of England has raised interest rates by 50 basis points to 1.75%, its biggest single increase since 1995, amidst concerns that U.K. inflation will be significantly above 10% next year. Source The post Bank of England Raises Interest Rate by Most Since 1995 appeared first on CryptoX. CryptoX Portal

Crypto fundraising already outpacing all of 2021: Report

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Despite the ongoing market slump, the crypto sector has already raised $30.3 billion in funds, outpacing an entire year of fundraising in 2021, a new report shows.  In a report on Aug. 2 by crypto analytics firm Messari and Dove Metrics, the data shows that the $30.3 billion raised in centralized finance (CeFi), decentralized finance (DeFi), nonfungible tokens (NFTs), and infrastructure was achieved through 1199 funding rounds in H1 2022. The total amount of raised funds in the six-month period has already outpaced the $30.2 billion raised in 1313 rounds…

Avalanche Price Steadies Above $22, Could Attempt To Touch $26

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Avalanche price action has remained bearish on the chart at the time of writing. AVAX has maintained the price above its support line of $22. Right after the coin surged and revisited the $24 mark, it started to retrace on its chart. This is a price correction as Avalanche price showed appreciation over the last two weeks. At the moment Avalanche is witnessing a profit booking which has caused buying strength to fade away over the last few days. Incase Avalanche price manages to push above the $25 price zone,…

Wie startet man mit Mining? (für Anfänger)

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io WAS GEHT! Aufgrund des Mining Booms und der steigenden Nachfrage nach einem neuen Tutorial habe ich mich entschlossen, ein Video zu machen, dass Anfängern zeigt, wie man mit Mining startet. In dem Video wird besprochen, welche Coins gemined werden, wie man Pools findet, die passende Software und was man machen kann, wenn man nicht weiter weiß (reddit, bitcointalk). Viel Spaß! Links findet ihr in der Beschreibung! 🎮Links zum Video🎮 Ethermine-Pool: Phoenix-Miner: Ethereum-Difficulty: bitcointalk: 😍Mining Rig Guide😍 🖥Mein Mining-Rig🖥 In diesem Video dreht…

Thai SEC approves four crypto firms despite Zipmex woes

Thailand’s financial regulator, the Securities and Exchange Commission (SEC), has approved four more crypto companies in the Kingdom. On Aug. 4, it was reported in local media that the SEC had granted operating licenses to four more digital asset operators. These include Krungthai XSpring, a crypto broker affiliated with one of the country’s leading banks, and crypto exchange T-BOX Thailand. Also winning regulatory approval was crypto advisor and fund manager Coindee and Leif Capital Asset Management, which also manages funds. The four firms have yet to commence operations, however, as…

US Senators Introduce Bill to Give CFTC Exclusive Jurisdiction Over Digital Commodities Spot Market – Regulation Bitcoin News

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U.S. senators have introduced the “Digital Commodities Consumer Protection Act of 2022” to empower the Commodity Futures Trading Commission (CFTC) “with exclusive jurisdiction over the digital commodities spot market.” Digital Commodities Consumer Protection Act U.S. Senators Debbie Stabenow (D-MI), John Boozman (R-AR), Cory Booker (D-NJ), and John Thune (R-SD) introduced Wednesday the “Digital Commodities Consumer Protection Act of 2022.” The bipartisan bill aims to give the Commodity Futures Trading Commission (CFTC) “new tools and authorities to regulate digital commodities,” according to the announcement of the bill by the U.S. Senate…

Jack Dorsey-led Block posts $1.5B in Q2 profits, BTC revenue down

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Former Twitter CEO Jack Dorsey’s digital payments firm Block Inc. saw its year-on-year (YoY) profits soar 29% to $1.47 billion in Q2, though its Bitcoin business slumped on decreased customer demand and a fall in Bitcoin (BTC) prices. The financial services firm primarily generates Bitcoin revenue by providing BTC trading services via its digital payments application Cash App. Block Inc. noted the business generated $1.79 billion of Bitcoin revenue in the quarter, down 34% YoY, while Bitcoin gross profit was only $41 million, which suggests it may be a high-cost…