The start of the Bitrise exchange development has also excited investors and increased new members. The centralized exchange is said to be a game-changer, considering the functionalities that the Bitrise wallet comes with.
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Bitcoin price recently recorded a new all-time high at near $69,000 on November 10 fueled by sustained inflation. The argument that the leading cryptocurrency is a hedge against rising cost pressures has been fueled by inflationary fears. More Bitcoin News Bitcoin Weekly Forecast: Markets revert to mean, but BTC price remains indecisive
Both ideas are about making a few people rich, not about building a decentralised paradise where everyone prospers
Income tax: Profits and losses from cryptocurrency transactions must be shown in a non-incorporated business’s accounts and are taxable/allowable under conventional income tax laws.
According to coinmarketcap.com, the price stands at $0.00000489 despite rising massively to $0.000014 during its all-time high but the price seems to be falling dramatically.
GARY GENSLER: This asset class is rife with fraud, scams and abuses in certain applications. There's a great deal of hype and spin about how crypto assets work.
This is a must have app for any person interested in learning about or investing in crypto. It allows you to track your own portfolio investments in a comprehensive way that no exchange does. Mind you it may take some time for you to enter your current investments. however it will be more than worth the time when you are able to track your percentage allocations and also track your winners and losers. this information is not calculated on your basic wallet or your exchanges. in addition the news and announcements that are provided for your selected crypto allows you to DYOR. In short this app is an absolutely must have for anyone who wishes to dabble in crypto currencies or engage FOMO or YOLO investing. lol
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Decentralised Finance segment has seen growth with the rise in interests in Crypto assets. However it's sudden surge in Indian market has been noteworthy. Ashish Anand of Bru.Finance helps decode the growth as he speaks with Sidhartha Shukla of ET Online in ET Markets Cryptologue. Listen in!
Indians' investments in crypto grew from about $200 million to nearly $40 billion in the past year
Typically, meme coins don’t gain on fundamentals. Instead, they are usually driven by an internet-based joke.
Cryptocurrency is a type of currency that’s digital and decentralized. Cryptocurrencies can be used to buy and sell things, and their potential to store and grow value has also caught the eye of many investors.
Elon Musk: Tesla 'most likely' to accept Bitcoin again following suspension over environmental concerns
Cryptocurrency is a good investment if you want to gain direct exposure to the demand for digital currency, while a safer but potentially less lucrative alternative is to buy the stocks of companies with exposure to cryptocurrencies.
A break and close above the channel will indicate strength and the pair may rally to $300 and then to $321. Conversely, if bears sink the price below the channel and the $216 support, the decline could extend to the 50-day SMA ($179).