All about crypto currencies
The market capitalization of a cryptocurrency is calculated by multiplying the price by the number of coins in circulation. The total cryptocurrency market cap has historically been dominated by bitcoin accounting for at least 50% of the market cap value where altcoins have increased and decreased in market cap value in relation to bitcoin Tangiers Casino Advertisements. Bitcoin’s value is largely determined by speculation among other technological limiting factors known as blockchain rewards coded into the architecture technology of bitcoin itself. The cryptocurrency market cap follows a trend known as the “halving”, which is when the block rewards received from bitcoin are halved due to technological mandated limited factors instilled into bitcoin which in turn limits the supply of bitcoin. As the date reaches near of a halving (twice thus far historically) the cryptocurrency market cap increases, followed by a downtrend.
Cryptocurrency prices are much more volatile than established financial assets such as stocks. For example, over one week in May 2022, bitcoin lost 20% of its value and Ethereum lost 26%, while Solana and Cardano lost 41% and 35% respectively. The falls were attributed to warnings about inflation. By comparison, in the same week, the Nasdaq tech stock index fell 7.6 per cent and the FTSE 100 was 3.6 per cent down.
Although cryptocurrencies are considered a form of money, the Internal Revenue Service (IRS) treats them as financial assets or property for tax purposes. And, as with most other investments, if you reap capital gains selling or trading cryptocurrencies, the government wants a piece of the profits. How exactly the IRS taxes digital assets—either as capital gains or ordinary income—depends on how long the taxpayer held the cryptocurrency and how they used it.
All about crypto trading
Bitcoin was the first cryptocurrency, launched in 2009. Today, we have thousands of cryptocurrencies available for trading, including Ethereum, Ripple, Solana, and Litecoin. And, each one has a different use case.
Bitcoin was the first cryptocurrency, launched in 2009. Today, we have thousands of cryptocurrencies available for trading, including Ethereum, Ripple, Solana, and Litecoin. And, each one has a different use case.
Cryptocurrency is created (mined) on something called a blockchain. A blockchain is a decentralized ledger where transactions are unchangeable once they are executed. They’re verified using one of two consensus algorithms: Proof of Work or Proof of Stake. The world’s first blockchain was the Bitcoin blockchain, which uses Proof of Work.
Now, you need to register on a cryptocurrency exchange. When selecting an exchange, you can consider factors like security measures, user interface, fees, fiat payment methods, and the range of cryptocurrencies offered.
Bullish and bearish trends can also exist within larger, opposing trends, depending on the time horizon. Generally, an uptrend results in higher highs and higher lows, while a downtrend results in lower highs and lower lows.
In any case, pairs trading typically requires liquid markets with popular products and a strong relationship in historical price movement between two assets. Pairs traders then place bets on diverging and converging relationships as time goes on.
What is crypto investment all about
If your broker goes bankrupt or shuts down, the fate of your cryptocurrencies will depend on the exchange’s policies. In some cases, you may still have access to your cryptocurrencies and be able to withdraw them. But, there is also a possibility of partial or total loss of your holdings. To avoid this risk, it is advisable to use reputable and regulated exchanges that prioritize security and have measures in place to protect users’ funds.
One of the most well-known cryptocurrencies is Bitcoin, which was introduced in 2009. However, there are now thousands of different cryptocurrencies available, each with its own unique features and purposes.
Proof of work is one way of incentivizing users to help maintain an accurate historical record of who owns what on a blockchain network. Bitcoin uses proof of work, which makes this method an important part of the crypto conversation. Blockchains rely on users to collate and submit blocks of recent transactions for inclusion in the ledger, and Bitcoin’s protocol rewards them for doing so successfully. This process is known as mining.
Before exploring the various types of digital assets, it’s important to note that the crypto market largely mirrors the trends of Bitcoin (BTC), which represents approximately 50% of the total market cap. With this in mind, beginners are often recommended to start their crypto journey with Bitcoin, and then gradually diversify into altcoins (alternative coins).
All about celsius crypto
After a months-long battle with insolvency issues, crypto lender Celsius Network has initiated bankruptcy proceedings. Celsius is the third major crypto company to file for bankruptcy within the past two weeks as plummeting crypto prices buffeted by inflationary pressures and volatile market conditions cause consumer confidence in the industry to nosedive.
On December 7, 2022, a U.S. bankruptcy judge ordered Celsius to return cryptocurrency worth $50 million to users of its custody accounts. In January 2023, the same judge ruled that about 600,000 customers had deposited cryptocurrency that, per the company’s terms of use, belonged to Celsius, making the depositors into unsecured creditors.
On October 18, 2021, Celsius received a request for more information from New York Attorney General, Letitia James. Earlier that month, Celsius had US$400 million in new equity funding from investors.
July 12, 2022: Celsius’ wallet transfers $8.4 million in Circle’s USDC stablecoin to DeFi lending protocol Aave, closing Celsius’ loan and freeing up the remainder of tokens pledged as collateral against Celsius’ debt, including some $10 million in stETH, a derivative type of the ether (ETH) token, $13 million in Chainlink’s LINK tokens and $3 million in Synthetix’s SNX.
At a court hearing on February 15, 2023, Celsius stated that it had selected NovaWulf Digital Management to provide guidance for its path out of bankruptcy. The deal was subject to approval by a bankruptcy judge and by Celsius’s creditors. Some Celsius creditors objected to the terms of the NovaWulf deal, such as that creditors would need to take a haircut on the assets they had deposited. The unsecured creditor committee (UCC), a recognized group of Celsius creditors, agreed that Celsius should proceed with the NovaWulf deal. According to a bankruptcy filing filed on April 22, 2023, two new groups will compete with NovaWulf to take over Celsius’s assets: Fahrenheit, backed by Michael Arrington, former Algorand CEO Steven Kokinos, investment banker Ravi Kaza, and U.S. Data Mining Group and Proof Group; and Blockchain Recovery Investment Committee, backed by the Winklevoss twins’ Gemini Trust, fund manager VanEck, Abra and Global X Digital. Arrington had tweeted that Coinbase was part of the Fahrenheit coalition, but later deleted that tweet.