All posts in December 2020

Eth2 has already reached the fourth position among staking networks in terms of LTV, despite launching only six weeks ago and withdrawals not yet enabled

Just six weeks after launching the deposit agreement, Ethereum 2.0 has already achieved the fourth position among Proof-of-Stake networks in terms of total value locked in staking.

Although the withdrawal feature is not yet active, and there are no firm estimates as to when it will be implemented, users have already deposited nearly $1 billion in Ether for staking. According to crypto data aggregator Staking Rewards, more than 1.5 million Ether, or 1.35% of Ethereum’s supply, have been deposited for staking.

Currently, the staking rewards offered by Ethereum are estimated at about 13.20%: in other words, a single stake of 32 ETH would yield $2,725 in a year at the current price of about $645.

Polkadot, a project conceived by Gavin Wood, a co-founder of Ethereum, is currently the largest staking network in terms of Immediate Edge. Since the launch of Polkadot’s mainnet in May, 67.51% of its offering has been dedicated to staking: a value equivalent to about $3.4 billion. Cardano, a rival network created by another Ethereum co-founder, Charles Hoskinson, is in second place, with 65.53% of its offering locked in since July for a TVL in staking of $3.37 billion.

Tezos launched staking in 2018, and has a 79.43% participation rate, the highest among staking networks in the top 50 crypto assets by market capitalization. Currently, Tezos’ staking cap stands at $1.38 billion. Since the launch of its mainnet last year, Cosmos has also established itself as one of the top PoS networks, with 71.77% of the offering locked in for a staking TVL of $915,593,114.

Although the developers of Ethereum 2.0 have yet to provide an exact date when users will be able to withdraw their deposited Ether, recently staking service provider Rocket Pool estimated that the feature could be implemented as early as Q1 2021.

Steve Wozniak founds a blockchain-based platform, China is testing the e-yuan, Microstrategy wants to buy new Bitcoin and JPMorgan sees Bitcoin as a serious competitor to gold. The top crypto news of the week.

Another exciting week in the crypto space is drawing to a close. The most important events around Bitcoin and Co. in a compact overview.

Apple co-founder Steve Wozniak founded “Efforce” . The platform based on blockchain technology wants to fundamentally change the energy efficiency market by securitizing energy projects. This should make it easier for everyone to access energy projects. To do this, the company went public with the WOZX token, the value of which went through the roof immediately. Starting at $ 0.1, the price jumped to $ 2.88 in no time. The token was able to record an increase of 2,800 percent.

China mixes e-yuan with the people

A CBDC raffle came to an end on December 11th in the Chinese city of Suzhou . The citizens of the city had the chance to win 100,000 packages with 200 digital yuan each. Now citizens can spend the currency at the upcoming “Double12” festival until December 27th. Many businesses in the city have already announced that they will accept the e-yuan. So does e-commerce giant JD.com. China has been testing the introduction of a digital currency for some time. Similar tests had previously been carried out in the city of Shenzhen.

Microstrategy wants to buy more Bitcoin

The American software manufacturer Microstrategy has once again announced that it wants to buy Bitcoin . This emerged from a communication dated December 7th. The IT company plans to invest 400 million US dollars. The money will come from the sale of convertible bonds (senior convertible notes) to institutional investors. The share price of Microstrategy (MSTR) benefited from the announcement and rose rapidly by 2.5 percent. So far, the US service provider’s strategy of using Bitcoin as the main reserve asset is working. In particular, the Bitcoin rally of the past few weeks has catapulted the corporate value of Microstrategy into the sky.

JPMorgan sees Bitcoin as serious competition to gold

JPMorgan believes that the adoption of Bitcoin and other cryptocurrencies in the mainstream financial industry will hurt gold. Just a few weeks ago JPMorgan certified Bitcoin a bright future and since October Bitcoin funds have seen enormous capital inflows from institutional investors. According to JPMorgan’s quantitative strategist Nikolaos Panigirtzoglou, this trend will continue in the long term and more and more institutions will invest in digital gold. JPMorgan is one of the few Wall Street banks that predict a major shift from gold to cryptocurrencies.

Airbnb goes public

The Californian accommodation platform Airbnb made its stock market debut on the evening of December 9th . At the time of going to press, the share price was just under 150 US dollars (124 euros). Despite the enormous drop in sales in the tourism industry, the company decided to go public after several postponements. The issue price was 68 US dollars. In the IPO application, the company also commented positively on a possible implementation of cryptocurrencies. It would therefore hardly be surprising if the company would at least allow the industry leader Bitcoin as a means of payment.

Indiske forhandlere kan snart blive forpligtet til at betale skat på deres kryptovinst, da nye rapporter hævder, at landets skattemyndighed er i besiddelse af investorernes data.

Knap ti måneder efter, at den indiske højesteret ophævede RBIs forbud mod kryptokurrency-transaktioner, afslørede nye rapporter fra i går, at landets skattemyndighed nu holder øje med kryptohandlere, da Bitcoins pris fortsætter sin bullish tendens.

Beskatning af kryptovinster

Ifølge lokale medier er den indiske skatteafdeling allerede i besiddelse af data, der tilhører investorer, der investerede i Bitcoin eller kryptokurver gennem bankkanaler inden RBIs forbud i 2018.

Denne udvikling kommer efter data viser en enorm stigning i kryptohandelsaktiviteter i Indien. Siden kryptoforbudet blev ophævet tidligere på året, har detailinvestorer i alderen 25 til 40 brugt millioner af dollars på kryptohandel hver dag.

Over $ 25 millioner dagligt

To af Indiens største kryptohandelsplatforme, Binance-erhvervede WazirX og CoinDCX, oplevede en betydelig stigning i aktiviteter i løbet af de sidste seks måneder. Ifølge en tidligere rapport registrerede WazirX en massiv 125% stigning i brugertilmeldinger i de sidste to kvartaler. Børsen har også en daglig handelsvolumen på $ 19-26 millioner, hvor mere end 85% af transaktionen kommer fra indiske forhandlere.

Nogle eksperter mener, at det vil være vanskeligt for landet at beskatte krypto, fordi der ikke er nogen regulering på plads for kryptotransaktioner. De føler, at en lovgivningsmæssig ramme vil give den nødvendige klarhed for at gøre beskatningen lettere. Mens Indien endnu ikke frigiver sin kryptoregulering, antyder en tidligere rapport, at landet kan regulere krypto som råvarer.

Erklæring om Bitcoin-fortjeneste som kapitalgevinster

Selv om det er uklart, hvordan Indien planlægger at gennemføre skatteloven, hævdede kilder, der er fortrolige med sagen, at landets skattemand allerede forbereder sig på at opkræve skat på gevinsterne fra Bitcoin. Og der kan sendes besked til investorer, hvis “noget går ud af dette.”

Eksperter mener, at skattemyndighederne kan klassificere kryptovinster som forretningsindtægter, og investorer kan blive nødt til at betale op til 30% skat på overskud fra salg af kryptovalutaer.

Imidlertid råder nogle skatteeksperter deres kunder til at erklære deres Bitcoin-indtjening som kapitalgevinster, hvilket svarer til overskud genereret fra aktier.