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Goldman Sachs: What do cryptocurrencies have and do they attract investment interest? – Ethereum will surpass Bitcoin

In a lengthy report, US investment bank Goldman Sachs outlined some of its positions on cryptocurrencies and how Ethereum will surpass Bitcoin. What do cryptocurrencies have and do they arouse investment interest? Why will Ethereum surpass Bitcoin? These issues are analyzed in a 40-page report by Goldman Sachs, the American investment bank. Note that the total capitalization of cryptocurrencies on May 24, 2021 was 1.42 trillion. dollars with Bitcoin at $ 35,500 or $ 660 billion total value and Ethereum at $ 2,200 with a total value of $ 248 billion. In total there are over 5,200 different cryptocurrencies but…

Bitcoin “dive” – China keeps mining and trading to a minimum

And while it seemed to be stabilizing, Bitcoin is once again under threat of collapse, as the Chinese government announced on Friday (April 21st) that it would impose severe restrictions on cryptocurrency mining and trading – to the point that many analysts are talking about a ban. “Let China ban bitcoin mining. “So mining will become more decentralized, the black market will thrive and the lie that China controls the digital market will collapse,” said well-known Whalepanda analyst. In particular, according to a written statement by Chinese Vice President Liu He and the authorities of the Supreme State Council, stricter…

Bitcoin fell below $ 40,000 following new restrictions in China

Bitcoin plunged below $ 40,000 today in a three-and-a-half-month low, dragging down other digital currencies following new restrictions by China on cryptocurrency trading. Bitcoin, the largest and most well-known cryptocurrency, was already under pressure from a series of Twitter posts by Tesla CEO Elon Musk, but news from China brought it to $ 38,514, down 9%. Recently, its price reached $ 40,157, down 6.4%. The currency is now almost 40% lower than the record high of $ 64,895 on April 14. It is also heading for its first monthly drop since November 2018. Bitcoin movements also hit other cryptocurrencies, with…

Can Ethereum With a Capitalization of 458 Billion Exceed Bitcoin 915 Billion – Some Consider It Possible

If the value of Ethereum reaches $ 8,000 then its total capitalization will be the same as that of Bitcoin Ethereum has grown by more than 400% since the beginning of 2021 and some already claim that Bitcoin could be capitalized. $ 3,940 worth of Ethereum has a total market capitalization of $ 458 billion and $ 48,750 worth of Bitcoin has a total market capitalization of $ 915 billion. For the record, the total capitalization of all cryptocurrencies is 2.28 trillion. dollars Ethereum reached $ 4,063, recording gains of about 450% for 2021 … so far. With a market…

Bloomberg: Cryptocurrencies will replace gold

Despite rising metal prices, cryptocurrencies and, above all, Bitcoin are increasingly approaching its value. With the capitalization of the most popular cryptocurrency exceeding 1.47 trillion dollars. and with inflationary pressures intensifying in the US, now hovering above 2%, both crypto and gold, as safe havens for investment, are likely to show further upward trends. But despite the upward trend in precious metals in general, Bloomberg reports that the rise of gold is “indifferent”. “At the moment I do not see any interest in the gold market. It is stuck and I think it will soon be replaced by digital gold,…

It exceeded 2 trillion. the market value of cryptocurrencies

The total capitalization for bitcoin amounted to 1.1 trillion. while the value of Ether exceeded $ 2,000. The landmark of 2 trillion. The cryptocurrency market crashed, according to data from CoinGecko and Blockfolio, thanks to the recent rally in prices, according to data cited in a Reuters article on Monday, April 5, 2021. The value of the cryptocurrency market reached 2.02 trillion. dollars, with the bitcoin equivalent jumping to $ 1.1 trillion. The most famous cryptocurrency strengthened today by 1.4% to $ 59,025. Over Google At the beginning of February, the value of the cryptocurrency market had for the first…

Mike Novogratz Says Crypto Will Receive $1 Trillion From Baby Boomers Starting in April

The founder of Galaxy Digital, Mike Novogratz, said $1 trillion would soon be injected into the crypto space. Novogratz said that the inflow would come from Baby Boomers, adults between 55 and 75 years of age. According to him, moves by traditional financial institutions to offer crypto products will trigger Baby Boomers’ involvement in the cryptocurrency market. Speaking further during an interview with Reuters Digital Assets Week, Novogratz added that “the money will start coming in early next month.” As stated in a Reuters report, many of the Baby Boomers view Bitcoin as a hedge against inflation sparked by a rush…

Why do analysts see Bitcoin at $ 1 million soon?

The price of bitcoin could reach $ 1 million The reasons why analysts “see” bitcoin at $ 1 million will soon be mentioned by coindesk.com columnist Nik Bhatia. By the end of the previous mega-bull market in 2017 most people had learned about bitcoin. However, when Tesla invested $ 1.5 billion, those who considered bitcoin… fashion simply denied it, proving that they were inadequately informed. Tesla’s investment and its announcement of a gradual replacement of cash supports something even more dramatic. These sudden inflows in demand, including recent purchases fueled by MicroStrategy bond issues, are affecting the price of bitcoin.…

Which countries use more cryptocurrencies – At 11% the percentage in Greece

Of the 74 countries surveyed by the Statista Global Consumer Survey, Nigeria found that citizens had a higher rate of using or owning cryptocurrencies. Specifically, 1/3 of the respondents answered positively. According to Bitcoin.com it is the high cost of sending money across borders in the conventional way that has led many to turn to cryptocurrency trading. Nigerians also often use their phones to send money to each other or to pay in stores. Recently, many companies in the country are adding crypto plugins to their payment options. The second and third highest percentages of citizens using and / or…

cryptocurrency-taxation

Cryptocurrencies and taxation

Three years ago, we published an article on the taxation of cryptocurrencies (bitcoin, xrp, ethereum, etc.). At that time, cryptocurrencies (better known as bitcoin) had appeared. Already today, three years later, this issue has come to the fore, as more and more people are involved in the purchase and sale of cryptocurrencies, which makes it imperative for the Administration to provide clarifications on how to tax revenue from cryptocurrencies. As the number of questions we receive daily about cryptocurrencies increases, in this article we will record our estimate of how this income is taxed. Basic features Cryptocurrency is a digital…