On July 4 at night, a large exchange market Binance stopped all the trading transactions because the price of Syscoin token has rocketed in 2.4 million times in a couple of seconds. At the peak moment, its price was $ 624,000. What was it: pump or system failure? Let’s clear it up.
If you are interested in productive money-investments, there are two extremes – a currency based on the innovative technology – bitcoin, with severe fluctuations of exchange rate, or the investment “to the end of times” – gold, reliable, but with little profitability.
Which investment option is more lucrative? Which one will take the dominance in financial investments arena? Let’s clear it up.
How to regulate cryptocurrency activities and operations with bitcoins is constantly being discussed by governments of different countries. As they say, who is forewarned is armed, so we call upon to prepare in advance for the regulation of all projects based on blockchain.
To understand how to pay a tax on cryptocurrency or a bitcoin tax, it is necessary to understand whether it is considered a currency, an investment, an asset or a service. Let’s consider all versions of the taxation in developed countries that have recognized bitcoin.
There are many examples of how people made their fortune on a cryptocurrency and bitcoin. For example, Joseph Lubin – co-founder of Ethereum, Binance director – Chingpeng Zhao, heir of a large banking business Matthew Mallon, who invested in bitcoin in the early stages and got up to $ 1 billion.
A long time ago, when the economic system started to transform, fiat (fiduciary) currency appeared. It has become a universal medium of exchange of goods and has established the value of the services and benefits.