crypto
Elon Musk Tweet causes Dogecoin Price to Soar
Image sourced from Hypebeast Elon Musk is making headlines after causing the price of Dogecoin to surge to an all-time high. On Sunday, the tech entrepreneur tweeted “Who let the Doge out”, resulting in a 53% rise over the last 24 hours. Dogecoin’s record value is now 8.2 cents with a market value of $10 billion – making it the 8th biggest cryptocurrency, according to Bloomberg. 🎶 Who let the Doge out 🎶 — Elon Musk (@elonmusk) February 7, 2021 Dogecoin was introduced in 2013 as a joke. Initially, founders Jackson Palmer and Billy Markus wanted to satirize the growth of altcoins by turning the doge internet meme into a cryptocurrency. /* custom css */ .tdi_3_667.td-a-rec-img{ text-align: left; }.tdi_3_667.td-a-rec-img img{ margin: 0 auto 0 0; } Their joke quickly grew in pop...
Excision is the Latest Major Electronic Music Artist to Join Audius
One of the most popular artists in dubstep music has joined Audius, the music platform heard ’round the world in late 2020. Excision has officially joined Audius and has a verified account as of today, November 5th, 2020. He is the latest major electronic music artist to join the burgeoning music platform, which utilizes blockchain technology to share music by creators and remit payouts. The renowned Lost Lands proprietor and Subsidia Records founder immediately uploaded 55 tracks, and Audius took to social media to exult in its newest member. With its decentralized platform, Audius has emerged as the music industry’s de facto disruptor in recent months. According to the company’s white paper, it is currently serving over 500,000 users per month. While the service ha...
South African Crypto Traders should Gear Up for Stricter Taxes
Over the last five years, South Africa has emerged as one of the world’s most notable cryptocurrency adopters, and an estimated 13% of its internet users owning or using cryptocurrencies. With the South African Bitcoin/ZAR weekly trading volume – to name just one – currently standing close to R30million, there are various manners in which the South African Revenue Service (SARS) can track the gains made by South African taxpayers who trade cryptocurrencies. This is according to Wiehann Olivier, Partner at the Audit Division of Mazars in South Africa, who says that there are various techniques SARS could apply for the direct taxing of cryptocurrencies. “To start, the fact that cryptocurrencies were created to allow for anonymous, frictionless and trusted peer-to-peer transaction to be condu...
More Women In Africa are Turning To Cryptos, Research Shows
Sourced from Hacker Noon. The COVID-19 pandemic has brought the global economy to a standstill and put millions of people under financial stress. Understandably, people from all walks of life started looking for alternative income streams. Not only are these side jobs providing women with additional income, but they are also giving individuals an opportunity to develop new skills in the bitcoin and blockchain space. Blockchain skills are in high demand internationally and may unlock new career opportunities or set the ground for running a successful business in the future. Beyond speculative activities, bitcoin already drives a whole range of entrepreneurial ventures including arbitrage, remittance, e-commerce and educational projects, to name a few. /* custom css */ .tdi_3_b38.td-a-...
Luno and Genesis Partner for Customers to Earn Interest on Crypto Holdings
Luno and Genesis have partnered to provide customers with simple, accessible ways to earn interest on their crypto holdings. The partnership creates “savings accounts providing institutional-level interest rates to clients in traditional and emerging markets”. The companies believe these savings accounts will provide traditionally underbanked customers in emerging markets access to banking services via the market infrastructure built for the global cryptocurrency community. “We share Luno’s passion for making it safe and easy – across all segments of the market – to learn about, buy and store cryptocurrencies. By combining Genesis’s infrastructure with Luno’s footprint in more than 40 countries, we’re creating a fairer, more inclusive financial system by providing access to int...
Bitcoin Arbitrage: The Story of Free Money
Bitcoin arbitrage opportunity in South Africa. You might be thinking, “What on earth is arbitrage trading?” or “I’ve heard of this before and always wondered what it is”. Whichever one you thought of, we’re going to make the understanding of what it is and how to take advantage of it as simple as possible. OVEX – one of South Africa’s top cryptocurrency exchange and brokerage firms offers a fully managed arbitrage service, register now, sit back and make money. What Is Arbitrage? In a nutshell, arbitrage is purchasing an asset in one market and simultaneously selling it in another market at a higher price and thus profiting on the temporary difference in price. So what is the holy grail of outperforming the market? Taking advantage of inefficiencies in the market is considered ...
Bitcoin is Part of Mainstream Finance, says deVere CEO
Sourced from Ethereum World News. Bitcoin’s historic halving event on Monday underscores that the “long-term future of cryptocurrencies is secure”, says the CEO and founder of one of the world’s largest independent financial advisory organisations. The comments from deVere Group’s Nigel Green come as the world’s supply of Bitcoin was forever slashed. The highly anticipated halving event, occurring only every four years, means that less and less Bitcoin – which is limited to 21 million units – will now be mined. Monday’s was only the third ever halving. In 2012, the number of new Bitcoins issued every 10 minutes fell from 50 to 25. In 2016, it went down from 25 to 12.5. Now, in the 2020 halving, it will drop from 12.5 to 6.25. Nigel Green says that the “Bitcoin halving event has demonstrate...
