Latest Crypto News: Bitcoin and Ethereum Hit New All-Time Highs, Biden Administration Releases Report on Stablecoins
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The BOBA token is a governance token by OMG Foundation to support the BOBA network. It can be staked for rewards. The airdrop will happen possibly one week after the snapshot. The Boba network will confirm the participating networks later. This is a move to incentivize the use of the Boba network just so the customers know they are being adequately rewarded. This is in alignment with Boba’s network goal of becoming a community-driven, dece-bobantralized project. David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.
Funding rates increased significantly in the hours after BTC/USD passed its recent all-time high and went on to hit $67,100. Bitcoin and Ethereum appear to have lost strength after Thursday's flash crash on Binance U.S.
Corporation tax: Profits or losses on currency exchange movements including virtual currencies are taxable. The profits and losses of a company that engages in cryptocurrency transactions would be recognized in the books and taxable under standard corporation tax regulations.
“Good thing Americans are forced on to these dogshit exchanges where they can get completely scammed on unreasonably thin books. This type of shit just shouldn’t be happening. It’s not fair that some get stopped out and some stay in, some get fills and some don’t.”BTC/USD 1-hour candle chart (Binance). Source: TradingView
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The variation of available services, even from state to state, increases friction on the platform and rules out a large swathe of potential users. While this may improve with the expansion of Binance.US, currently, Binance is by far the better platform when it comes to choice.
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Stay tuned: Cryptocurrencies are going to play a big role heading into the future.
The cryptocurrency has continued to rise and fall as other global administrations and regulators mull legislation to curb increased crypto activity often attributed to laundering and crime.
McKinsey partner accused of insider trading on Goldman Sachs dealElon Musk offloads nearly $5bn in Tesla sharesWall Street banks generated $7.2bn in fees from rise and fall of GEGE closes a defining chapter in US corporate historyDoJ warns of impending corporate crime crackdown
The above prices are as of 01.09 pm IST on November 9 (Data courtesy: coinmarketcap.com).
Facebook’s closely guarded Libra project could be the first true cryptocurrency alternative to fiat currencies, although its growing pains suggest that true parity remains well in the future.
Numerous others have also made their mark on the industry, some of whom Cointelegraph lists in its top 100 people in crypto and blockchain for 2021.
Business SpotlightHong Kong's 29-year-old crypto billionaire: FTX's Sam Bankman-Fried
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