Cryptocurrency tax
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Prominent figures in the crypto space, Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz, have expressed optimism regarding the approval of a spot bitcoin ETF by the SEC. With several applications pending, the crypto community eagerly awaits a positive decision, which could further legitimize and boost the adoption of cryptocurrencies
Huobi, a leading cryptocurrency exchange, received substantial deposits from a crypto whale, including $200 million USDT and 5,000 ether (ETH). These transactions come amidst a backdrop of continued outflows from the exchange.
The price of the flagship cryptocurrency was last higher by 4.5% at $79,800.19, according to Coin Metrics. Ether rose 3%, after passing the $3,000 level on Saturday. It last changed hands at $3,203.10.
Elon musk cryptocurrency
Musk has in the past supported cryptocurrencies, including the memecoin Dogecoin, whose price often soars when the billionaire mentions it on X. His electric vehicle company Tesla also accepts Dogecoin as payment.
In February, Tesla purchased $1.5 billion in bitcoin, helping send prices to a then-record high. Tesla then sold about 10 percent of it — to the tune of $101 million — according to its first-quarter earnings report. The sale made it possible for Tesla to turn a record profit. Indeed, Tesla made more selling bitcoin than cars. Musk has since tweeted that the company only sold bitcoin to “confirm BTC could be liquidated easily without moving market.”
Meanwhile, speculation continues to swirl that Tesla could add bitcoin and crypto support to his social media platform X, which has quietly been acquiring money-transmitter licenses across the U.S. and has said it plans to “revolutionize” payments in 2024.
Musk has in the past supported cryptocurrencies, including the memecoin Dogecoin, whose price often soars when the billionaire mentions it on X. His electric vehicle company Tesla also accepts Dogecoin as payment.
In February, Tesla purchased $1.5 billion in bitcoin, helping send prices to a then-record high. Tesla then sold about 10 percent of it — to the tune of $101 million — according to its first-quarter earnings report. The sale made it possible for Tesla to turn a record profit. Indeed, Tesla made more selling bitcoin than cars. Musk has since tweeted that the company only sold bitcoin to “confirm BTC could be liquidated easily without moving market.”
Meanwhile, speculation continues to swirl that Tesla could add bitcoin and crypto support to his social media platform X, which has quietly been acquiring money-transmitter licenses across the U.S. and has said it plans to “revolutionize” payments in 2024.
Cryptocurrencies
Meme coins are but one group of cryptocurrencies. Other types include altcoins, utility tokens, governance tokens, and stablecoins. Altcoins are often measured against Bitcoin, as this refers to all crypto that followed after Bitcoin – the first digital currency ever created. Utility tokens and governance tokens are somewhat connected to NFTs and the metaverse. A specific example is the MANA cryptocurrency, which allows real estate purchases in the Decentraland metaverse. Stablecoins refer to the likes of Tether, which are pegged to a real-world asset like the U.S. dollar. Such coins are meant to be less volatile than regular cryptocurrency.
Any private individual or company that knows how to write a program on a blockchain can technically create a cryptocurrency. That blockchain can be an existing one. Ethereum and Binance Smart Chain are popular blockchain platforms for such ends, including smart contracts within Decentralized Finance (DeFi). The ease of crypto creation allows some individuals to find solutions to real-world payment problems while others hope to make a quick profit. This explains why some crypto lack utility. Meme coins such as Dogecoin – named after a Japanese dog species – are an infamous example, with Dogecoin’s creator coming out and stating the coin started as a joke.
How many cryptocurrencies are there? In short, there were over 9,000 as of 2023, although there were many more digital coins in the early months of 2022. Note, however, that a large portion of cryptocurrencies might not be that significant. There are other estimates of roughly 20,000 cryptocurrencies existing, but most of these are either inactive or discontinued. Due to how open the creation process of a cryptocurrency is, it is relatively easy to make one. Indeed, the top 20 cryptocurrencies make up nearly 90 percent of the total market.
Cryptocurrency wallet
Om te kunnen beginnen met crypto traden op BUX, heb je natuurlijk een exchange en wallet account nodig. In deze stap voor stap gids voor beginners leggen wij je exact en eenvoudig uit hoe je deze aanmaakt.
KuCoin doet er alles aan haar crypto exchange zo goed mogelijk te beveiligen. Zo heeft KuCoin een partnership met een bedrijf genaamd Onchain Custodian om alle crypto’s van haar klanten veilig te houden.
Wat wel een pluspunt is van BUX Crypto, is dat het een volledig gereguleerd en gelicenseerd Nederlands bedrijf is, met dus ook Nederlandstalige klantenservice. Mocht je dus ergens een vraag over hebben of met een probleem zitten, kan de klantenservice van BUX je gewoon duidelijk uitleggen wat je moet doen.
De beste manier om je crypto veilig op te slaan is zonder meer gebruikmaken van een hardware wallet. Ledger is het bekendste bedrijf dat hardware wallets fabriceert en maakt dan ook veilige devices van hoge kwaliteit. Eventuele alternatieven zijn een hardware wallet van Trezor of Keep Key.
Binance is officieel de grootste crypto exchange ter wereld. Doordat het vele functies aanbiedt, is het handelsplatform van Binance voor zowel beginnende als ervaren cryptotraders zeer geschikt. Het is uiteraard mogelijk je crypto te bewaren op de Binance exchange wallet en het vanuit daar naar andere, externe wallets te sturen.
