There's already a meme coin named after Elon Musk's new Twitter handle - and it jumped 825% in its 1st day of trading
There are more than 2,000 cryptocurrencies available to trade, as of November 2018. As more and more cryptocurrencies enter the market, underpinned by faster and more efficient networks, the status of existing coins may be threatened. For example, the network transaction value of TRON (TRX), as of October 2018, exceeded that of larger market-cap cryptocurrencies such as Bitcoin and Ether. Also, some sources list more than 900 cryptocurrencies classed as ‘deceased’ thus far, indicating the stiff competition faced by each coin.* Bitcoin is a weird, wonderful and volatile market to trade. Here’s what to know about this remarkable asset. Discover the differences and similarities between Bitcoin and gold, and how you can trade the two instruments. This trading guide is designed to help day traders navigate the cryptocurrency market with control and confidence and is built on decades of experience.
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Chargeable gains: Gains and losses on Bitcoin or other cryptocurrencies (which are not within trading profits) are chargeable or allowed for capital gains tax if they accrue to an individual, or for corporation tax on chargeable gains if they accrue to a company.
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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Some security tokens are linked to an external tradable asset, and you can feel relatively comfortable assessing them as a more volatile relative of traditional shares, perhaps using a similar framework to the one you’d employ for penny stocks.
Blockchain technology can be conceived as a form of next-generation business process optimization software from a business standpoint. Collaborative technology, such as blockchain, promises to improve business procedures between firms, cutting the “cost of trust” dramatically. As a result, it may provide much better returns per dollar invested than most traditional internal investments.
RIVERHEAD, N.Y. (AP) — An employee cost a New York county at least $6,000 in electricity bills by allegedly secretly installing dozens of machines at his workplace in a cryptocurrency scheme, authorities said Wednesday, announcing charges against him.
This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Binance US names Ant exec Shroder president 10 September 2021 The US arm of Binance has appointed former Ant Group and Uber executive Brian Shroder president, replacing Brian Brooks who quit suddenly in August after just four months in the job.
One key point to note about Safemoon crypto is that the developers haven’t really described any real-world use cases yet. The Safemoon protocol was hyped hugely by celebrities back in May, causing retail investors to jump on the bandwagon and push price higher. Following this, the price fell dramatically, leading many to claim that Safemoon was a ‘pump and dump’ scheme designed to make certain investors rich.
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.
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Yield farming: An investing strategy involving staking or lending crypto assets to generate returns
Typically valued for less than one dollar, Loopring prices are now over $3 a share.
US cryptocurrency exchange Coinbase Global Inc on Tuesday reported a nearly 30% fall in third-quarter trading volumes on a sequential basis, hit by lower volatility and declining prices of Bitcoin and other cryptocurrencies.
Dogecoin, meanwhile, was trading up by less than one percent on the last 24 hours at $0.28 (£0.21) on Tuesday afternoon.
Cryptocurrency trading involves speculating on price movements via a CFD trading account, or buying and selling the underlying coins via an exchange. Here you’ll find more information about cryptocurrency trading, how it works and what moves the markets.