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Its dramatic rise this week coincides with rising support for a Change.org petition urging trading platform Robinhood to list shiba inu coin on the site. The petition has garnered 334,500 signatures so far.
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New Delhi: Dog inspired cryptocurrency shiba inu, or SHIB prices have surged to all-time high even as Bitcoin has dropped to its lowest level in a week. While Shiba Inu price has increased by over 72 per cent, world’s largest cryptocurrency Bitcoin has dropped below USD 60,000-mark. Shiba Inu is 11th largest cryptocurrency.Also Read - Diwali, Dhanteras Investment Tips: Check Top Cryptocurrencies Other Than Bitcoin Shiba Inu Price Goes Up – Here’s WhyThe exponential jump in Shiba Inu price has come after crypto trading platform Robinhood was urged by a Change.org petition to list Shiba Inu.Meanwhile, Tesla Motors CEO Elon Musk, whose tweet in the past became driving force for Shiba inu, has revealed that he has not a single Shiba Inu token.
RIVERHEAD, N.Y. (AP) — An employee cost a New York county at least $6,000 in electricity bills by allegedly secretly installing dozens of machines at his workplace in a cryptocurrency scheme, authorities said Wednesday, announcing charges against him.
A large number of new adopters are also joining the market every single day. At the beginning of 2018, cryptocurrency exchanges reported that they were adding 100,000 new users every day. Many of these members will have significant vested interest in the price of cryptocurrencies going either up or down, which adds to the disruptive nature of the market and further increases volatility.
If a trader carries out cryptocurrency transactions often, any profit from there on would be taxable as business income. If cryptocurrencies are held as ‘stock-in-trade,' the income arising from there will also attract tax.
Income tax: Profits and losses from cryptocurrency transactions must be shown in a non-incorporated business’s accounts and are taxable/allowable under conventional income tax laws.
Bitcoin and Ethereum are in retreat following a flash crash. Binance U.S. was hit with a bug Thursday, resulting in a flash crash that saw Bitcoin’s price plummet by around 90%. Ethereum also dipped 50% on the exchange.
Bitcoin & Beyond 2021, the Virtual Blockchain Summit of the Year. Join us Nov 10 – Reserve Your Spot Here!
Cardano (CCC:ADA-USD) cryptocurrency has been floating down in the past two months. Even though ADA is ranked number 6 by CoinMarketCap with a $68.9 billion market value as of Nov. 3, it has actually been higher. As of yesterday, it was trading at $2.07 per token. This is well off where it was both one month and two months ago. Source: Shutterstock In fact, just one month ago I wrote that Cardano was ranked number 4 in terms of market capitalization. That was when it was trading at $2.27. On top
The result of this saw Bitcoin’s highest prices sliced in half in June, with the coin struggling to break out of the low to mid $30k price range until it received a welcome boost from Tesla founder Elon Musk in his appearance at major Bitcoin conference in July.
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Robert Sluymer, also from Fundstrat, put Bitcoin at not much higher than $7,000. Llew Claasen, executive director at Bitcoin Foundation, said Bitcoin will hit $40,000 during 2018.
4JNET’s unique mechanism echoes with the “HODL” idea of encrypted tokens to a great extent, which advocates“buy and hold” regardless ofits appreciation and depreciation in the short run.In essence, its fairness, security and transparencyenhance the investors’ confidence in holding the tokens for a long time or trading at right time, allowing them to become rich one day.
SafeMoon has announced on its website that it’s making moves to be available on Binance and Mandala by the end of 2021, but for now, the crypto is available via PancakeSwap. If you do decide to invest, just remember to do so at your own risk and remember, never invest what you can’t afford to lose.
The team is soon launching the network's revenue sharing program before launch of the staking process in late November. The announcement of these launches has sparked a lot of activities about the coin and has seen more people buying the token.