CryptoMadnezz

  How Is Cryptocurrency Taxed? In many countries, cryptocurrencies are subject to tax. Trading, spending or selling your crypto are often taxable events. To calculate your taxes, you will need to consider your capital gains and losses. You may also have to pay income taxes if you receive crypto as payment. Every jurisdiction is different, so make sure you consult a tax advisor. Tax authorities frequently cooperate with crypto exchanges to track crypto transactions. If you attempt to evade tax, you can end up with financial penalties and even harsher punishments. Introduction If you  HODL  or trade, at some point, you'll probably have to pay crypto taxes. The exact amount varies between countries, but it's common for tax authorities to treat crypto assets as capital assets. It's a legal obligation to pay your required taxes, so getting it right matters. In this article, we'll cover some basic principles that apply to crypto taxation in general. Because the regu...

  TOP 20 cryptocurrency exchanges in terms of web traffic. According to different reports many crypto exchanges provide fake volume figures in order to get a high standing on different ratings. So traffic on the exchange can give us a better understanding on why customers choose a particular website. Web traffic to crypto exchanges in March 2021. According to the data from SimilarWeb in March in average web traffic to cryptocurrency exchanges has increased by 9%.

 Which country trades the most Bitcoin? UK-based TotalCrypto has created this cool and concise infographic to explain Bitcoin trading volume by country. TotalCrypto says: “72% of all Bitcoin trading happened in the top five countries: USA, Russia, UK, Venezuela, and China. The top ten accounted for over 86.5% of all trades done on the platform. This seems to indicate uneven Bitcoin adoption rates across the globe.” It adds: “What’s exceptionally interesting is that all of the countries making up the top four in the all-time country volume leaderboard have some kind of problem with their native currencies.”

  Which Countries Are Using Cryptocurrency the Most? Africa’s largest economy is the king of cryptocurrency. In Nigeria, 32% of respondents — nearly 1 in 3 — report having used or owned one type of crypto or another in 2020. By comparison, just 6% of Americans reported the same. According to Bitcoin.com, Nigeria’s unique culture and circumstances are fueling the trend. One of the biggest influencers is poverty, a condition suffered by 87 million of Nigeria’s 200 million people — and crypto transactions are cheap. Another reason for the trend is that Nigerians are much more likely to make payments and send money using their phones. Finally, double-digit inflation is the rule, not the exception, in Nigeria, and cryptocurrencies like Bitcoin, which are capped to a finite number of coins, serve as a hedge against inflation. A Look at the World’s Top 10 Crypto Countries Nigerians are the most open to crypto trading and spending, but the country is hardly alone in its rapid adoption of w...

  “Meme Investing” has taken center stage this year, and   Dogecoin    has had a major role in this phenomenon. Dogecoin started as a joke online, and shot up over 11,000% in value in the past 12-months. The race is on for it to eclipse the $1 mark, and though it’s plausible, it’s clear that the crypto will falter in the long run. Dogecoin has been dubbed the “people’s currency” thanks to its popularity among retail traders, celebrities and influencers. Today, its market capitalization exceeds $50 billion, which is higher than several big names trading at the stock market. However, with no inherent value nor utility, Dogecoin is likely to fall flat in the future. It’s been subject to numerous wild trading swings in the past few weeks, showing that the tide is already swinging. Furthermore, Dogecoin and other digital assets could face serious regulatory crackdowns globally. China has already banned the use of cryptocurrencies for financial institutions, and ...