Cryptocurrency to be taxed at 30 per cent from today, here is how it will impact investors - cyptoranking.com

2024-04-27

Popular crypto exchanges(2023 Update) 2024-04-27
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Conversely, Manchester City and crypto exchange OKX introduced a metaverse initiative. The initiative allows fans to further engage with the club and win exclusive prizes. Meanwhile, Hong Kong crypto investors have been hit hard by scams and fraudulent activity in recent weeks, with the recent JPEX crypto exchange scandal ballooning to an estimated $180 million in losses, with more than 2,300 Hong Kong-based filing complaints with local police. Cryptocurrency to be taxed at 30 per cent from today, here is how it will impact investorsInvestors continue to prefer ether over bitcoin in a high interest rate environment. Source: PexelsVanEck's Ethereum Strategy Fund (EFUT) is set for listing on the Chicago Board Options Exchange (CBOE), according to an announcement on its website.The investment management firm is gearing up to launch its Ethereum-styled futures contracts on October 2, having received approval from the US Securities and Exchange Commission (SEC).According to the company, the Ether futures exchange-traded fund (ETF) is expected to be entirely standardized, cash-settled futures contracts accessible for trades on the Commodity Futures Trading Commission (CFTC) regulated commodities platform. An ETF tracks the performance of a particular index or basket of financial instruments, which is what VanEck's offering aims to do.Dubbed the Ethereum Strategy Fund (EFUT) on its website, this offering will grant investors access to futures contracts without requiring direct exposure to the digital asset itself.VanEck further clarified that the ETF will be actively managed under a C-corp structure. A C-corp structure provides a more dynamic and beneficial tax framework to long-term investors than the S-corp structure. Providing more details on how much investors will be charged in management fees, VanEck put its expense ratio at 0.66%. Meanwhile, the investment firm with over $77 billion in assets under management (AUM) has been generating buzz about the ETF on all its social media handles, especially X (formerly Twitter). It has since launched a video encouraging investors to "Enter the Ether."All Good Things Come to Ethereum Core DevelopersVanEck has also stated its intentions to make a significant donation to the core development team behind Ethereum. According to a separate statement on X, the investment firm intends to donate 10% of its profits from the Ethereum Strategy ETF to the Protocol Guild – a team of Ethereum contributors managing the network's core development. VanEck's donation would span a period of ten years.The Protocol Guild has garnered well over $13.3 million in donations. According to a Dune-based dashboard dedicated to tracking these philanthropic donations, over 4,800 donations have been made, with the average amount at $2,842. Other projects that have contributed to the Protocol Guild include Arbitrum, Uniswap, and Moloch DAO.Meanwhile, VanEck is one of many investment managers starting its Ether futures contracts trading soon. Fellow US-based Bitwise Asset Management announced it would offer two Ether futures contracts and a Bitcoin strategy fund starting October 2. Other asset managers like Invesco Galaxy Ethereum ETF have informed the SEC of their intentions to offer an Ethereum-backed Strategy ETF. UBS' Tokenized Money Market Fund Goes Live on Ethereum Blockchain

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The news comes as CoinShares works to expand its operations in the United States, introducing its first offerings in the country in September 2023. The company is confident that the U.S. is a global leader in terms of digital asset development and regulation. Meanwhile, the Ordinals marketplace pointed the finger of blame at the website development and deployment platform Netlify. Ordswap posted: New York AG continues crackdown on unregistered crypto trading platformsOn October 2, BeInCrypto reported that Solana’s (SOL) Total Value Locked (TVL) surged to a new 2023 high. As of writing, the TVL stands at $326.99 million. The first Kalima Blockchain Developer Airdrop 2023 is ready to kick off with a $100,000 Prize Pool

Blockchain hosting solutions could also incorporate smart contracts to foster transparency and efficiency in hosting agreements, minimize potential disputes, and enhance the overall security framework. LasMeta Introduces ‘Play to Earn’ Model with LasMeta Tokens ($LASM) Can I buy bitcoin and store it on a MetaMask wallet?For the unaccustomed, an altcoin season is a period where many altcoins outperformed Bitcoin (BTC). While this period comes with a lot of volatility, profits are not guaranteed. Previously, a number of analysts had opined that there would be an altcoin season this year. But with the last quarter in, it’s looking very unlikely. As web3 has gained more traction, hosting websites, apps, and other digital content on blockchains has also come to the fore.

A team representative did not respond to a request for comment by publication time. However, Altstreet Bets also mentioned that the possible plunge in price does not mean that altcoins won’t perform well anymore. But their season to put up an impressive performance could be in 2023. Buy & Sell CryptocurrencyRead more: ‘Drive-to-earn’ app aims to bootstrap ‘dynamic maps’ with crypto rewards Ethereum Foundation faced a sandwich attack during its recent sale of 1,700 ETH on Uniswap V3. The foundation, which is a key player in the Ethereum ecosystem, was caught off guard, resulting in a loss of U.S. $9,101.

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