Crypto Currency

Paying Taxes in Bitcoin and Ethereum Possible in Switzerland Canton of Zug from 2021 : Citizens and businesses in the Swiss canton of Zug will be able to pay taxes in Bitcoin (BTC) and  Ethereum (ETH)  from 2021, following a partnership between authorities and Zug-based crypto broker and custodian Bitcoin Suisse, according to a  report  published on September 3. Citizens and companies of Zug will be able to pay up to 100,000 CHF (~$110,000) with either Bitcoin or Ethereum; partial payments in cryptocurrency will not be accepted The tax scheme will be piloted in the upcoming weeks, with the launch planned for February 2021 Bitcoin Suisse will convert cryptocurrency payments into Swiss Francs before transferring the payment to authorities Zug is known as “Crypto Valley” for its crypto-friendly regulation and the presence of several cryptocurrency startups

  How HODLing is losing you money : Many cryptocurrency investors are in love with buying an asset and holding it until who knows when. Buy and forget has never been an investment strategy anyway. It was what your grandma or grandpa would have done who knew nothing about investments. We have already introduced a bulletproof investment strategy in  this post . The strategy is quite simple to follow and only needs the investor to be disciplined. Why this strategy works There are two principles any investor should have in mind: a. you never know when an upward trend ends and a downward one starts, and b. you never know when a downward trend ends and an upward one starts. Even technical analysis only offers indications, not actionable predictions. This strategy builds exactly on those two principles. It forces the investor to withdraw some of the unrealized profits by selling units, and to grab the opportunity of discounted valuation compared to the original investment price per unit, buy

  Transaction Fees on the Network Are Blowing : Frightening Development In Ethereum Network: Criminal Detected Trading on the Ethereum network has never been this expensive. According to data transferred by blockchain analytics firm Glassnode, transaction fees on the ETH network broke a record, and a  $ 7 million transaction fee was paid within 24 hours on Thursday.  Of course, all of this goes to miners, and miners' income is constantly increasing. So what is the danger of this situation? Transaction Fees on the Network Are Blowing ​It is thought that one of the main reasons for the increase in transaction fees in the Ethereum network, especially since 2020, is decentralized finance (DeFi) applications. Thousands and even millions of people using DeFi applications are clogging the network by making continuous transactions. This situation puts more strain on Ethereum, which is already suffering from scalability problems. In addition to decentralized cryptocurrency exchanges such as

Ethereum Is A Dark Forest? The Bots And The Fees : Image by  Tumisu  from  Pixabay   According to  Dan Robison , " Ethereum Is A Dark Forest ", infact there are bots waiting to take your funds locked in DeFi. In the Ethereum network there are bots specialized in anticipating and copying pending transactions. These robots are a legacy of automated trading. This space is known as a mempool and hosts thousands of vulnerable smart contracts and transactions. Most of us don't know what they are, but DeFi programmers are able to detect them and take advantage of them thanks to automated bots. These (arbitrage) bots monitor smart contracts found on the Ethereum network to locate pending transactions, with the ultimate goal of stealing money locked in transactions. It appears Dan Robinson was browsing a Uniswap Discord channel when he found a message that caught his eye: it was a person who needed to retrieve Uniswap tokens worth around $ 12,000. These tokens were accidentally bl

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"Ethereum Turns 5 Years Old Today" The Ethereum (ETH) network turns 5 today. Envisioned as a “decentralized world computer”, the network was launched on July 30, 2015 by Vitalik Buterin and several others who have achieved success in the industry, including Charles Hoskinson, Joseph Lubin and Gavin Wood. Happy fifth birthday, @ethereum ! 🎉 — Augur (@AugurProject) July 30, 2020 Now worth over $35 billion, Ethereum has become an indelible part of the market, a home to numerous assets built on top of it. It is also the bedrock of the DeFi space, with a majority of said platforms running their services on top of Ethereum. Ethereum has grown rapidly since launch, with its smart contract capabilities showing developer that more could be done with blockchain technology.  The scale of the influence of Ethereum is easily visible in the number of “Ethereum-killer” clones that have followed.  EOS (EOS)  and  TRON (TRX)  have seen modest success, but the