Cryptocurrency existed as a theoretical construct long before the first digital alternative currencies debuted.
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!
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The volume of searches for particular terms is retrieved from the Google Trends service, a service provided by Google to give an insight into the popularity of different search terms over time. Search volumes returned from Google Trends are scaled from 0 to 100, where 100 represents the highest search volume within the time frame queried. In this work, the search term considered is the name of each cryptocurrency; for example, the volume of searches for “Bitcoin”, “Ethereum” etc.
The most fundamental thing you need to understand about Safemoon is that it is not a crypto coin. It is a token that operates on the Binance Smart Chain (BSC). In crypto jargon, a coin is a cryptocurrency that operates on its own blockchain. It is not the same as a token.
Investing is always a risk but investing in cryptocurrency is an even higher risk as they are VERY volatile.
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The law also states that tax contributions can be paid via Bitcoin and exchanges in the cryptocurrency will not be subject to capital gains tax.
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Decentralization is a primary tenet of cryptocurrency. Whereas most currencies are backed by a central bank — the U.S. dollar, for example, is backed by the “full faith and credit” of the U.S. government — cryptocurrencies are maintained and valued by their users.
SafeMoon is also preparing to launch a cryptocurrency exchange, which apparently is not tied to V2.
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But before you look further make sure you’re aware of the risks when it comes to cryptocurrencies in general.
On Tuesday 9 November, Bitcoin’s price was trading up by roughly 11.5% on the last week after soaring to a new record price of over $68,000 on Tuesday morning.