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Dogecoin Craze Outpacing Other Coins, Even Companies

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Dogecoin (DOGE) has increased in value so rapidly, it has outpaced both bitcoin (BTC) and ethereum (ETH) by magnitudes, as well as large financial institutions.

For a cryptocurrency originally created as a joke, dogecoin has exceeded all expectations. But as recently as January of this year, dogecoin was trading for just a fraction of a penny. In February, the price rose significantly to over $0.05.

However, dogecoin really took off in April, increasing in value eight-fold to $0.40, before retracing. References from stalwart fans Mark Cuban and Elon Musk then gave it another boost. Thus far, dogecoin reached an all-time high of $0.65 on May 6.

Outshining bitcoin

Its rapid ascent has now seen it surpass gains of other notable cryptocurrencies and even companies. For instance, as monumental as bitcoin’s rise has been, in the past year its price has only risen over 500%. Even greater still has been Ethereum price gain, at over 1,600%. Meanwhile, dogecoin towers over both with an outrageous return of over $24,000, according to CoinGecko. 

The comparative gains were put into perspective by a recent tweet from personal finance blogger Nick Maggiulli. “Putting all three U.S. stimulus checks into dogecoin now exceeds $500,000,” he tweeted.

Conversely, if stimulus check recipients put their cash into bitcoin it would be worth around $15,000. Recently, a survey found around 10% of stimulus check funds may have been used to buy crypto and stocks. This amounts to nearly $40 billion of the $380 billion in direct stimulus check deposits.

Explosive demand

Even in the past week, dogecoin has essentially doubled in value. Earlier BIC reported that being valued at $49.8 billion meant it was valued higher than the Ford Motor Company ($45.2 billion) and social media giant, Twitter ($44.1 billion).

At that point it ranked at #255 on the Asset Dash rankings. Now, less than a week later, the coin jumped nearly 100 places to #156, with a valuation over $80 billion. It has now surpassed financial conglomerate CME Group (#175) and crypto exchange Coinbase (#193).

Demand for dogecoin is so outrageous, it reportedly even single-handedly crashed several exchanges. On April 16, mobile exchange Robinhood crashed just as trading volumes for dogecoin were spiking. The largest crypto exchange in India also struggled to keep pace with demand for dogecoin.

WazirX’s systems denied access to many users because they incorrectly perceived the surging volumes as a cyberattack. Meanwhile, other exchanges are scrambling to offer the digital asset, such as trading platform eToro and cryptocurrency exchange Gemini.

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All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://beincrypto.com/dogecoin-craze-outpacing-other-coins-even-companies/

Blockchain

Kryptovaluuttojen verotus – perusasiat haltuun

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Kryptovaluutat tarjoavat tänä päivänä loistavia sijoitusmahdollisuuksia niin pien- kuin ammattisijoittajillekin. Sijoitusten toivottu lopputulos on tietysti tuotto – ja sitä seuraa väistämättä verotuksen muotoinen varjo. Niin kuin mistä tahansa muustakin voitosta, on kryptovaluutalla tienatuista voitoista maksettava veroja Suomen Verohallinnon säädösten mukaisesti.

Onko veroilta mahdollista välttyä?</H2>

Käydään ensin läpi päivän polttava kysymys, eli onko kryptovaluuttakauppaa mitenkään mahdollista käydä verovapaasti.

Suomessa vakituisesti asuvat virtuaalivaluuttasijoittajat eivät voi paeta verottajan kouraa millään tavalla, vaan voitoista on maksettava mukisematta osuus yhteiseen kassaan. Euroopasta löytyy kuitenkin muutamia maita, joissa kryptovaluuttakaupasta ei tarvitse maksaa veroja – ainakaan toistaiseksi.

Näitä ovat esimerkiksi Saksa, Slovenia, Valko-Venäjä, Portugali, Sveitsi ja Malta. Viimeisimmässä näistä on jo paljon suomalaisperusteista liiketoimintaa. Esimerkiksi moni suomalainen nettikasino, kuten Wildz.com, toimii tällä aurinkoisella saarella, ja peliala tarjoaakin runsaasti työpaikkoja maisemanvaihdosta kaipaaville.

Ennen kuin alat suunnittelemaan muuttoa kryptovaluutan verottomuuden perässä, muista kuitenkin, että tilanteet elävät samaa tahtia kryptovaluuttamarkkinan kehityksen kanssa.

Kuinka kryptovaluutan verotus toimii Suomessa?</H2>

Suomessa kryptovaluuttojen verotuksen kiemuroiden kanssa on painittu useamman vuoden ajan, ja se hakee vieläkin lopullista muotoaan. Käytännöt ovat kuitenkin selkiytyneet jo huomattavasti ensiaskelista, ja kryptovaluuttojen verotus Suomessa on yhdenvertaistunut muun verotuksen rinnalla.

Verottaja määrittelee kryptovaluutat nykyään omaisuudeksi, johon sovelletaan tuloverolakia. Niitä ei kuitenkaan määritellä maksuvälineiksi, ja verotusperuste syntyy, kun niitä vaihdetaan johonkin muuhun viralliseen kryptovaluuttaan tai FIAT-valuuttoihin. Samoin veroa maksetaan, kun kryptovaluutalla tehdään hankintoja.

Kryptovaluutan rakenteesta johtuen kauppatapahtumia ja hankintahintoja voi olla hankala selvittää, jos niistä ei ole pidetty tarkkaa kirjanpitoa. Tämä kannattaakin ottaa huomioon heti ensi hetkistä alkaen.

Paljonko kryptovaluutasta maksetaan veroja?</H2>

Kryptovaluutan verotus on käytännössä melko yksinkertaista. Verokantana käytetään pääomatuloverotuksen mukaista 30 % aina 30 000 euroon saakka, minkä jälkeen veroprosentiksi tulee 34 %. Verottajalla on käytössä menetelmä, jonka mukaan ensimmäisenä ostetut erät myydään myös ensimmäisenä. Tätä kutsutaan niin sanotuksi fifo-menetelmäksi (first in–first out).

Tässä käytännön esimerkki kryptovaluutan verotuksesta:

Henkilö on ostanut virtuaalivaluuttaa joitain vuosia sitten 2 000 eurolla ja myy sen nyt pois yhteensä 12 000 euron hintaan. Hänellä ei ole myynnin toteutumisvuonna muita pääomatuloja verotettavaksi. Myyntivoittoja kertyy 12 000 euroa – 2 000 euroa = 10 000 euroa. Veron määrä on näin ollen 30 %, eli henkilö maksaa veroja 12 000 euroa x 30 % = 3 600 euroa.

Voiko verosta tehdä vähennyksiä?</H2>

Kryptovaluutalla operoivat sijoittajat ovat voineet vähentää vuodesta 2019 alkaen kaupankäynnissä syntyneet tappiot verotuksesta. Tappiot ja voitot ilmoitetaan OmaVerossa samalla kertaa, kun ilmoitetaan muutkin tulot tai muutokset. Kryptovaluuttojen modernista luonteesta huolimatta myös paperinen A9-lomakkeen käyttö on mahdollista, jos verkkoilmoituksen tekeminen ei syystä tai toisesta luonnistu.

Kryptovaluutan verovähennyksissä huomioidaan myös mahdolliset hankintamenot. Niitä voi aiheutua esimerkiksi kryptovaluutan louhimisesta, mikä kuluttaa suuria määriä sähköä. Kustannukset on kuitenkin pystyttävä todistamaan: esimerkiksi edellä mainitussa tilanteessa olisi eriteltävä selkeästi louhintaan kuluvan sähkön osuus.

Milloin kryptovaluutan verotus tapahtuu?

Ilmoitus voitoista tai tappioista tulee tehdä verovuoden mukaisesti. Esimerkiksi vuoden 2021 kryptovaluutan realisoituneet kaupat ilmoitetaan vuonna 2022. Ilmoittaminen on helppo tehdä jo mainitsemassamme OmaVero-palvelussa. Verot maksetaan sitten muun pääoma- tai palkkatuloverotuksen mukaisesti lopullisen verotuksen yhteydessä.

Jos haluat, voit hakea myös ennakkoveroa virtuaalivaluutan verotukseen. Lisäksi kryptovaluuttakauppaan sovelletaan niin sanottua ”tonnin sääntöä”. Sen vapauttamana saat tehdä pääomatuloa 1 000 euron verran yhden kalenterivuoden aikana verovapaasti. Huomaa kuitenkin, että tähän sisällytetään kaikki vuoden pääomatulot – ei vain kryptovaluutasta muodostuneita tuloja.

 

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Blockchain

ANKR Technical Analysis: Slight Fall, May Further Touch Pivot Point of $0.0763

ANKR price has tested and broken out of the 23.6% FIB retracement level of $0.0740. However, it may soon retest this level and fall below it. We anticipate the MACD signals to work out and give a push towards the positive direction where it can next cross the pivot levels of $0.079.

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The Ankr Network was founded in 2017  as a distributed computing platform that takes advantage of blockchain technologies. It is created to provide a new blockchain solution that leverages idle computing power from devices and data centers as a whole. The purpose is to enable the sharing economy, where any customer can access resources at a more affordable rate, while also providing enterprises with the ability to monetize on their spare computing power that is not being utilized. ANKR is unique in the way that it is the first one to use trusted hardware, and as such this ensures a high level of security. Let us look at the technical analysis for the same.

Past Performance

On Jun 23, 2021, ANKR opened at $0.627. It moved and closed at $0.0718. The last 24 hours have seen a fall by 3.02% when it has traded between $0.0788 and $0.0744.  ANKR saw a weekly gain of 4.67%.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/06/ankr-technical-analysis-slight-fall-may-further-touch-pivot-point-of-0-0763.png

https://www.tradingview.com/x/r9tY4xX8/

READ  Buy Crypto Only If Prepared to Lose All, Says Bank of England Governor

Day-Ahead and Tomorrow

Currently, ANKR is trading at $0.742. The price has decreased slightly from the day’s earlier trade of $0.817. Thus, the market is a little down.

The MACD line is negative while the signal line is positive.  Moreover, a bearish crossover by the MACD line over the signal line has occurred. Thus, the overall market momentum is bearish. Hence, we can expect the price to start falling.

Currently, the RSI indicator is at 44%. It faced rejection at 52% and fell to the current level. Hence, selling pressures are high. High selling activity will exert downward pressure on the ANKR price.

However, the OBV indicator is upward sloping. Thus, buying volumes are higher than selling volumes. Thus, a balancing view is forming which will slow down the fall.

READ  Australian Comedian Jim Jefferies Owns More Bitcoin Than Elon Musk

In short, the RSI and MACD oscillators have given bearish signals, while the OBV oscillator has given bullish signals. Thus, we can say that currently, the overall market momentum is negative. But, we have to wait and watch, if the intermittent price rises are price corrections or indicative of a bearish trend reversal.

ANKR Technical Analysis

Currently, the price is hovering near the first Fibonacci pivot resistance level of $0.748. It may soon move over around it and look further to touch the Fibonacci pivot point of $0.0763. Thereafter, we have to wait and watch if the price starts rising or continues to fall.

The price has tested and broken out of the 23.6% FIB retracement level of $0.0740. However, it may soon retest this level and fall below it. We anticipate the MACD signals to work out and give a push towards the positive direction, where it can next cross the pivot levels of $0.079.

READ  ANKR Technical Analysis: Price Below the Pivot Support Level of $0.13

#ANKR #Ankr Network

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/ankr-technical-analysis-slight-fall-may-further-touch-pivot-point-of-0-0763

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Topnotch Bitcoin Mining Machine Manufacturer Bitmain Suspends Sales due to Chinese Crackdown

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The world’s top bitcoin mining machine manufacturer Bitmain Technology Co., Ltd. announced that it would suspend the sale of mining machines worldwide in response to the Chinese government’s recent crackdown on domestic mining targetting domestic miners.

a lot of mining machines mining bitcoin

The company stated that it aims to help miners who have exited the mining industry sell at a better price to stabilise local prices.

According to a Bloomberg report on Wednesday, the world’s largest Bitcoin machine manufacturer’s top rig prices have depreciated by nearly 75% since April.

To alleviate the decline in the price of mining machines, Bitmain has decided to stop the sales of its encrypted mining equipment under careful consideration and reduce the supply of mining machines on the market.

The company did not disclose when the business will resume.

The decline in the price of mining machines is closely related to the corresponding measures China has taken against cryptocurrencies. Earlier, China intensified law enforcement against domestic Bitcoin mining activities. Bitcoin mining sites in Sichuan Province were reportedly massively disconnected and lost their abilities for further mining operations,

On June 21, the People’s Bank of China ordered the country’s major financial institutions, including the Agricultural Bank of China, to stop conducting crypto transactions, causing the oscillation to the cryptocurrency market, which subjects to a massive sell-off of Bitcoin.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/topnotch-bitcoin-mining-machine-manufacturer-bitmain-suspends-sales-due-to-chinese-crackdown

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Crypto Evangelist and Software Pioneer John McAffee Dies in Spanish Prison

Crypto evangelist and software pioneer John McAffee was reportedly found dead in a case of a suspected suicide at a Spanish prison.

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Crypto evangelist and software pioneer John McAffee was reportedly found dead at a Spanish prison after a court ruled in favor of his extradition to the United States. The founder of the reputed antivirus software company bearing his name had been indicted on charges of tax evasion in October.

McAffee’s demise was confirmed by his attorneys. Initial investigation into the matter suggests that the embattled businessman had committed suicide. He was 75 at the time of his death.

John McAffee Had a History of Legal Troubles Including Crypto Fraud

McAffee had sold his software firm in 1994 and lost most of his wealth in the financial disaster of 2008. Following this, he led a nomadic life during which he ran into legal troubles on several occasions. Last year in October, he was arrested in Spain after prosecutors in the US found him guilty of tax evasion

In an indictment filed by the Justice Department, McAffee was accused of making millions from his consultant work, speaking engagements, and crypto promotions, for which he owed taxes that he skirted for years. 

But tax evasion wasn’t the only charge the late businessman was facing. In March, federal prosecutors found McAffee guilty of running a crypto pump-and-dump scheme and raking millions by artificially inflating certain digital currencies. In another instance, the Justice Department alleged that McAffee had promoted initial coin offerings(ICO) without disclosing that the ICO issuers had been paying him to tweet about the projects.

Software Mogul Led a Controversial Life

The software mogul’s life was embroiled in controversies since 2012. Before his run-in with law enforcement authorities in the US, McAffee found himself in trouble with the government of Belize. He had been named a “person of interest” in connection with the murder of American businessman Gregory Faull, following which he left the country.

In 2015, he returned to the United States, where he was arrested on charges of drunk driving. During this period, McAffee also tried his hand at politics and ran as a Libertarian candidate for the presidency.

In the last few years, McAffee had become a vocal supporter of cryptocurrencies. At one point he claimed that Bitcoin is poised to reach $500,000 by the end of 2020.

READ  LIVE: Bitcoin Roars & Alt-Market Soars! – Sentimental Analysis / AMA (Saturday May 11th, 2019)

#Crypto Fraud Charges #John McAffee #McAffee Crypto

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptoknowmics.com/news/crypto-evangelist-and-software-pioneer-john-mcaffee-dies-in-spanish-prison

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