Category Archives: Cryptocurrency
Polkadot ($DOT) Cryptocurrency Polkadot’s Price Increased More Than 5% Within 24 hours – Benzinga
Polkadot's DOT/USD price has increased 5.34% over the past 24 hours to $7.4, which is in the opposite direction of its trend over the past week, where it has experienced a 3.0% loss, moving from $7.58 to its current price. As it stands right now, the coin's all-time high is $54.98.
The chart below compares the price movement and volatility for Polkadot over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has increased 24.0% over the past week while the overall circulating supply of the coin has increased 0.31% to over 1.15 billion. The current market cap ranking for DOT is #10 at $8.49 billion.
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Polkadot ($DOT) Cryptocurrency Polkadot's Price Increased More Than 5% Within 24 hours - Benzinga
Crypto.com Coin ($CRO) Cryptocurrency Cronos Decreases More Than 3% Within 24 hours – Benzinga
Cronos's CRO/USD price has decreased 3.63% over the past 24 hours to $0.12, continuing its downward trend over the past week of -10.0%, moving from $0.13 to its current price.
The chart below compares the price movement and volatility for Cronos over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has fallen 6.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.59%. This brings the circulating supply to 25.26 billion. According to our data, the current market cap ranking for CRO is #27 at $3.03 billion.
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Crypto.com Coin ($CRO) Cryptocurrency Cronos Decreases More Than 3% Within 24 hours - Benzinga
How business schools are dealing with the rise in cryptocurrency – Times of India
Cryptocurrency has grown significantly over the past few years and the market size of cryptocurrency is further expected to reach more than $1080 million by 2026. This technology has climbed sharply and has been gathering attention ever since. As of 2021, 97% of the users in the tire world have expressed their faith and are confident about the digital asset. A few years ago, the business schools too showed disinterest in cryptocurrencies to incorporate them into their curriculum. They did not take it seriously and thought it was just a matter of time before this technology would disappear. But after all this skepticism cryptocurrencies are now becoming a part of business education.
There are over 4000 cryptocurrencies in the market and there has been more than a 90% increase in virtual money since 2013. The first 10 cryptocurrencies themselves make up 88% of the total cryptocurrency market value. The popularity of the virtual currency has grown so much that it has seen an increase in its exchange too. The crypto exchanges of fiat for cryptocurrency and crypto to crypto transactions exceeded 300 as of 2020 between buyers and sellers. The craze of cryptocurrency has gained the attention of the business schools and a rein demand among the students.
Curiosity among the Students
The students of the business schools have shown a huge amount of interest in future payments. With more than 900 new coins in the market every day. It wouldnt be wrong to say that cryptocurrency has now gained a lot of attention. As of now even though there are hardly a few classes available for cryptocurrency there are a lot of students showing interest and trying to enroll in these classes. The amount of interest shown by students toward cryptocurrency creates the need for more classes.
Business students have already started to move their focus from traditional courses to new and upcoming courses in cryptocurrency. They are interested in how technology can help them and enhance the way the functioning of the financial market is done and that is a plus sign for the development of more classes in cryptocurrency.
View of Business Schools
There are more than 6000 business schools in the country and there has been a tremendous. Rise in student demand, the business schools dont want to be dilatory any further they have decided to teach the subject. The business schools that had already decided to teach the subject earlier, even before the digital asset blew have been benefitting from it.
Being ahead of the crypto curve has benefited many just like it benefited the early investors of Bitcoin. Today the number of bitcoins in the market increases every 10 minutes. The main function that business school has been doing for ages is to help find graduates in their field of work. To enable this opportunity for them business school strives and ensure the students are taught the business courses well as these are the mediums through which it will be beneficial for them to find various opportunities after graduation.
Business schools have a strict determination to take the learning course seriously and engrave it in the students of business. As crypto currencys value has increased to around 2 trillion now there sure are job opportunities in there. As cryptocurrency has achieved a huge attention business schools cannot ignore and neglect this course as it is something that will bring revenue and increase employment in the market.
The Business schools are not only trying to focus on the most extensively used crypto Bitcoin but also on all the other aspects like the technology and the principles that come along with it. And since no cryptocurrency can go without a blockchain implementing its essence becomes very important. The decentralized system (blockchain system) uses no third-party systems while organizing the investments and payments in a very streamlined way. It changes all that we do in a centralized system and leads to more growth. This is just the beginning of the types of courses and subjects that the business schools are dealing with at the moment. There is much more research that will be exciting to learn on the subjects of cryptocurrency.
As students come with a lot of eagerness and are more informed about the subject, the business schools which offer specialized PGDM Programs are trying to figure out ways that students can think of it in a revolutionary way. The business schools have to observe and note how much good cryptocurrency can do and how the world of new technology can be life-changing.
Views expressed above are the author's own.
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How business schools are dealing with the rise in cryptocurrency - Times of India
Blake Masters’ Bitcoin investments tanked in 2022 – The Verge
Bitcoin evangelist and Republican Senate hopeful Blake Masters has invested millions into a wide variety of cryptocurrencies. But according to recent financial filings viewed by The Verge, Masters own digital investments have seemingly tanked in value over this past years cryptocurrency crash.
Masters, proteg to billionaire tech investor Peter Thiel, disclosed a dozen different investments into different cryptocurrencies and platforms in a personal finance filing last week. As of August 15th, Masters owned between $600,000 and $1.2 million in Bitcoin alone, a dramatic decrease from the $1.1 to $5.2 million he touted in financial disclosures last year. Masters did not disclose any significant profits from his Bitcoin investment, suggesting a decrease in overall value rather than a potential sell-off.
Amongst Masters current holdings are investments in Bitcoin, Bitcoin Cash, Ethereum, Filecoin, Litecoin, and Tezos. Filecoin and Tezos were the only cryptocurrencies that Masters reported earning interest from this past year, claiming to have made between $1,001 to $2,500 each.
While some cryptocurrencies have started to stabilize and regain value since their June lows, Masters own Bitcoin declines are consistent with the broader crash in cryptocurrency prices over the past year. Bitcoin is still down 60 percent from August 2021, while Masters second-largest holding Ethereum has shed more than half of its market value (Masters Ethereum value range of $250,000-$500,000 did not change year over year).
Masters campaign did not confirm whether his assets had decreased in value but suggested to The Verge on Monday that he used his cryptocurrency investments to loan money to his campaign. Masters only reported between $100,001 and $250,000 in loans as part of his yearly filing last week. A spokesperson for his campaign did not immediately respond to clarifying questions from The Verge.
Masters also disclosed more than $300,000 in book royalties from Zero to One, the Silicon Valley startup guide the Trump-endorsed candidate co-wrote with Thiel in 2014.
Once a candidate formally announces that theyre seeking public office, they are required to file public financial disclosures for each year of their campaign. While the disclosures dont require specific investment totals, candidates must provide an estimated range for the value of significant asset investments, including digital assets like cryptocurrency.
For Masters, who is running to unseat Sen. Mark Kelly (D) for Arizona, cryptocurrency proliferation and federal adoption has become a major part of his campaign platform. Right before the markets began to crash last fall, Masters tweeted that the US government should buy a strategic reserve of Bitcoin, likening it to Fort Nakamoto or the new Fort Knox. Masters has also offered NFTs to people who have contributed the maximum of $5,800 to his campaign and claims that his campaign accepts donations in Bitcoin.
In a May Fox Business interview with Maria Bartiromo, Masters suggested that Bitcoins caving value would only be temporary.
Its not like its only crypto thats crashing, right? Unfortunately, everything is crashing, Masters said in the interview. But its true, cryptos exceptionally volatile. I always tell people to only get involved, only buy Bitcoin if youre ready to buckle up and weather the storm because this is the Wild West.
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Blake Masters' Bitcoin investments tanked in 2022 - The Verge
Blockchain and Cryptocurrency CPAsEvolution of the Profession – OODA Loop
The irony about needing accountants who understand digital assets is that blockchains themselves are transaction ledgers with automated record-keepinga blockchain is a giant check register. The technical properties of blockchains means data can never be deleted, only added or read, while transactions and balances can be instantly verified with 100% certainty through the protocols themselves. Because of this, blockchains can disrupt the accounting and tax industries by automating the accounting, bookkeeping, and data entry, and eventually forcing accountants to evolve.While the industry isnt quite there yet, todays complexities of taxation and reporting of digital assets are creating a need for a new breed of accountant: the crypto CPA who is good at working with limited data, being a forensic investigator, understanding new protocols, and applying old frameworks to new technologies while steering clear of any regulatory risk. The adoption of bitcoin and other digital assets continues to grow exponentially despite the bear market in 2022.
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Blockchain and Cryptocurrency CPAsEvolution of the Profession - OODA Loop
Cryptocurrency Uniswap Decreases More Than 5% Within 24 hours – Benzinga
Uniswap's UNI/USD price has decreased 5.18% over the past 24 hours to $6.79, continuing its downward trend over the past week of -21.0%, moving from $8.6 to its current price.
The chart below compares the price movement and volatility for Uniswap over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.
The trading volume for the coin has tumbled 22.0% over the past week along with the circulating supply of the coin, which has fallen 0.07%. This brings the circulating supply to 456.49 million, which makes up an estimated 45.65% of its max supply of 1.00 billion. According to our data, the current market cap ranking for UNI is #27 at $3.09 billion.
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Cryptocurrency Uniswap Decreases More Than 5% Within 24 hours - Benzinga
Proprietary relief granted to victims of cryptocurrency fraud – Lexology
In the recent judgment in Nico Constantijn Antonius Samara v Stive Jean Paul Dan [2022] HKCFI 1254, the Hong Kong Court granted proprietary relief to a victim of misappropriated bitcoins, including the recovery of the sale proceeds and the fruits of such.
Factual background
The Plaintiff orally agreed that the Defendant would sell the Plaintiffs 1,000 bitcoins, as sales agent, for a 3% commission.
As the Plaintiff (being a non-resident) could not open a Hong Kong bank account to handle the sale proceeds, he agreed that they should be deposited into the Defendants account in Hong Kong, from which the funds would be transferred to the Plaintiffs bank account in Germany.
The Defendant gave the Plaintiff access to the Hong Kong bank account, by providing him with the login details and security token. The Plaintiff could then make transfers of funds to his account in Germany.
Between June and September 2017, some of the bitcoins were traded. The main way in which this was done was through the Defendants nominated bitcoin wallet. The Plaintiff transferred some bitcoins from his personal bitcoin wallets into the Defendants bitcoin wallet, so that they could be traded by the Defendant. The agreed arrangement was that the proceeds of sale would be transferred to the Hong Kong bank account. Since November 2017, the Plaintiff was unable to gain online access to the Defendants Hong Kong bank account.
As a result, the Plaintiff claimed against the Defendant, as his sales agent, for failing to account for the sale of the bitcoins and the sale proceeds.
Injunctions
In November 2019, a Mareva injunction was granted by the court freezing the Defendants assets, including the bitcoins remaining in the Defendants wallet.
Subsequently, documentary disclosure was given by the Defendants bank. Based on those documents, the Plaintiff was able to trace the sale proceeds of the bitcoins. Subsequently, upon the Plaintiffs application, the court, in January 2021, granted a proprietary injunction over the remaining bitcoins and the sale proceeds.
Trial Court findings
The court found that:-
The court granted:-
Takeaway points
It seems that the High Court has recognised cryptocurrency as property. Hence in this case, the High Court declared that the bitcoins were held on trust and proprietary remedies were granted over the bitcoins. Another interesting feature of this case is that a public bitcoin ledger, an open distributed ledger using blockchain technology, which shows bitcoin transaction records, was admissible at trial and accepted by the court. This means that victims of cryptocurrency fraud are able to prove ownership and a tracing exercise can be conducted when disputes involve cryptocurrency.
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Proprietary relief granted to victims of cryptocurrency fraud - Lexology
No declaration in the Rw framework for cryptocurrency income – The Cryptonomist
The Italian Revenue Agency in a circular clarifies doubts regarding the income tax return from cryptocurrency, in case the platform is Italian.
From a regulatory and especially fiscal point of view, there is still some confusion or at least a lack of clarity on what is the methodology for income tax return in regards to cryptocurrency trading.
The Revenue Agency with Notice 956-448/2022 seems to have clarified at least one point about the declaration of the Rw form. Regarding investments abroad, it was thought it should also cover those in cryptocurrencies, but the agency clarified that if the investments are made through an Italian platform there is no obligation to fill out the Rw form.
The fact that it is so difficult to arrive at a clear fiscal discipline regarding cryptocurrencies is determined by the fact that in Italy, as in many other countries, there is still no clear regulation of the cryptocurrency world. In 2020, Consob President Paolo Savona had expressly spoken of the no longer pressing need to create clear regulation for the cryptocurrency market. But this call two years later has practically remained a dead letter.
At present, as many accountants explain, the tax framework applied to cryptocurrencies derives more from interpretations of practice, supported by some jurisprudential backing, which, however, can hardly be confirmed by jurisprudential rules, lacking precisely a precise and clear regulation of the cryptocurrency market.
The Revenue Agency, with Resolution 72/E/2016, supported by the EU Court of Justice ruling Case C-264/14 of October 22, 2015, decided to assimilate cryptocurrencies to foreign currencies. But this interpretation, as seen, has been subjected to precise and clear exceptions that undermine the taxpayers clarity, creating difficulties in completing the income tax return from digital currencies.
Simplifying, according to the 2016 resolution, capital gains from the forward sale of cryptocurrencies constitute miscellaneous income of a financial nature, subject to a 26% substitute tax, if the amount held by the taxpayer exceeds the amount of 51,645.69 euros for seven continuous business days during the year. Again, needless to say, confusion reigns supreme in the taxpayer and leaves room and scope for different interpretations regarding the difficulty of calculating the average holding in ones digital wallet.
This new circular from the tax agency seeks to put a modicum of clarity to a matter that continues to remain shrouded in the maze of subjective interpretation since it becomes very difficult to calculate a digital currency in the same way as a foreign income. But until a regulatory framework is finally transposed, not only at the Italian level but at the EU level, everything will continue to be very nebulous and questionable from both a regulatory and a tax perspective.
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No declaration in the Rw framework for cryptocurrency income - The Cryptonomist
CUMINU is innovating the adult entertainment industry with cryptocurrency – Pulse Ghana
Created on the Ethereum blockchain in May 2021, CUMINU token seeks to combine the best attributes of the major adult sites with the convenience of an entirely cryptocurrency-based platform. A decentralized platform that runs on the blockchain gives creators confidence their funds are safe.
CUMINU released a beta version of their 18+ platform in July 2021 that quickly gained over 1,000 fans and saw the token reach a US$40M valuation. The project hosted 18 creators over 6 days for a major community event. After months of testing and market research CUMINU decided to pivot away from just streaming and include static content, noting that up to 50% of onlyfans's revenue comes from subscription services.
CUMINU is currently developing itsnext-generationn platform, investing 6 figures into the build. Named Cummuniti, the platform will focus heavily on providing quality subscription and messaging services as well as instant payments for creators. The prototype version is due in September 2022.
CUMINUs Cummuniti adult content platform opens up an unlimited number of possibilities for content creators in adult entertainment, while an increasing number of individuals are investing in cryptocurrencies around the globe. The desire for adult content remains a constant in every economy and Cummuniti is combining the best features of both to revolutionize the industry.
CUMINU is currently trading at a market valuation of US$1.8M, making it potentially appealing should it return to previous highs on the launch of their Cummuniti platform in September 2022.
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What Are Forks and How Do They Affect Cryptocurrency Prices? – GISuser.com
A decentralized alternative to cash was created in the form of Bitcoin, a digital currency. Ripple and Monero are two examples of specialized currencies that have emerged. Many of these new coins were created due to a crypto fork and not by accident. Simply changing the blockchains protocol, which is the softwares way of determining if the transaction is genuine, constitutes forking. A fork in the blockchain can be nearly anything that diverges from the original code.
When Do Forks Occur?
Forks happen when a cryptocurrencys user base or developers decide that a fundamental change is needed, even if its due to a massive hack like Ethereums or an internal debate within the community like Bitcoin and Bitcoin Cash.
Whats the Impact of a Fork?
When a cryptocurrency is forked, it can have a significant impact. Although controversial in the past, they are often caused by significant price variations.
What Is a Forks Purpose?
Soft forks and hard forks are the two most common types of forks.
When a hard fork occurs in a cryptocurrency, a new coin is formed with new rules and a different value resulting from the fork. When a hard fork occurs, there are two outcomes: one chain is operational as its coin, and the other chain disappears after a certain period. Both miners and developers must accept the new software protocol for a hard fork to take place.
Forks Effect on a Crypto Community
A communitys experience with forks can be disruptive. One of the most common reasons traders and miners break apart is because they have conflicting visions for the future of cryptocurrencies. Cryptocurrency will be treated like other forms of income in India, such as interest on savings bank accounts and fixed deposit payments. Crypto and NFT profits will be subject to Indias 30 % flat tax on Cryptocurrency. Due to the new Cryptocurrency being created, the existing Cryptocurrency asset is taxed.
Bitcoin Forks to Bitcoin Cash
After a series of increasingly bitter disputes within the community, for example, the split between Bitcoin and Bitcoin Cash occurred. Much hate still exists between the two communities, particularly over Bitcoin Cashs claims to embody Satoshis vision for Bitcoin.
What Are the Effects of a Hard Fork?
In addition to causing uncertainty, hard forks can significantly influence Cryptocurrency. For a real-world example, consider the Bitcoin Cash hard fork. As a result, all holders of the parent cryptocurrency will receive the same amount of forked-off coins.
Impact of Large Traders
There are whales in the market who can make a significant impact. The term whale refers to a major corporation that has a large number of Bitcoins. It is enough to have a significant impact on the markets trajectory. In addition, several significant individual investors, known as dolphins, have enough money to exert some impact on the market.
Conclusion
Many forks of bitcoin have been created in the past few years. However, it is expected that Cryptocurrency will continue to have soft and hard forks in the future, which will continue to develop and challenge the cryptocurrency community.
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What Are Forks and How Do They Affect Cryptocurrency Prices? - GISuser.com