@thebearablebull it’s time to switch to a digital currency. Fiat is dirty and is cause for the spread of the corona virus. Could this be the catalyst that advances utility of XRP???
Recent proposed legislation could make it easier for the IRS to find cases of tax evasion when it comes to crypto, though investors should already keep records of any capital gains or losses on their crypto assets. But the new rules may also make it easier for investors to properly report crypto transactions.
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Bitcoin (BTC) -5.11% (£48,199.49)Ethereum (ETH) -2.38% (£3,502.32)Binance Coin (BNB) -5.15% (£463.07)Tether (USDT) +0.91% (£0.75)Solana (SOL) -1.38% (£178.60)Cardano (ADA) -7.61% (£1.55)XRP (XRP) -7.29% (£0.90)Polkadot (DOT) -5.50% (£35.69)Dogecoin (DOGE) -5.65% (£0.19)SHIBA INU (SHIB) +8.29% (£0.00004094)Terra (LUNA) -1.43% (£37.61)
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It is also the case that not all of Binance services are available in every country. One such country, while perhaps surprising, is the U.K. As of mid-2021, as the FCA (Financial Conduct Authority) ruled that the company’s U.K. arm is unable to conduct regulated activity, it has had a knock-on effect for U.K. users.
When that’s the case and demand increases, the price of that underlying asset goes up. Roughly speaking, this is the simplest way to address how the prices of cryptos fluctuate.
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The SafeMoon price climbed 46,533% from the launch to peak at $0.00001399 on April 20th before falling back down to its original value of $00000361 by May 2nd, when it rebounded once again.
In the wake of both Coincheck’s hack–as well as a big one that hit the South Korean exchange Coinrail–governments in East Asia began to crack down. Over the course of a few months, China, Japan, and South Korea all announced different measures to better regulate crypto-trading. The world was watching to see if this new technology would hit the mainstream–and government crackdowns following gigantic hacks helped poison the public perception.
Crypto billionaire Sam Bankman-Fried says solana is better than ethereum as it's one of the few networks able to handle mass adoption
Blocks are linked together by cryptography – complex mathematics and computer science. Any attempt to alter data disrupts the cryptographic links between blocks, and can quickly be identified as fraudulent by computers in the network.
In the United States, Binance is also being probed by the Department of Justice, the Commodity Futures Trading Commission and tax authorities, Bloomberg News has reported.
When formed by real members instead of bots—we’ll get to that in a second—these communities are unofficial and unpaid public relations departments continually working in favour of the reputation of the projects they support.
Electric car maker Tesla will stop accepting Bitcoin as a payment, CEO Elon Musk tweeted on Wednesday, citing environmental concerns.
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However, exchange pricing can still be extremely volatile. For example, Bitcoin’s U.S. dollar exchange rate fell by more than 50% in the wake of Mt. Gox’s collapse, then increased roughly tenfold during 2017 as cryptocurrency demand exploded.
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