Connect with us

Economy

Bitcoin drops 13% and is already trading at half the price it did a month ago – Markets

Published

on

Bitcoin drops 13% and is already trading at half the price it did a month ago - Markets

A “tough week” for cryptocurrencies. This is how CNN has viewed digital currency trading in the past few sessions, which has led to a 13% drop in Bitcoin.

Bitcoin, which accounts for over 45% of the global cryptocurrency market, traded around $ 33,000 this morning, far from its all-time high of over $ 64,000 reached a month ago.

Tesla CEO Elon Musk, whose tweets regularly influence the digital currency market, highlighted his support for the cryptocurrency yesterday, which gave bitcoin a boost – which rose to $ 38,000 – after a tumultuous week, but it wasn’t enough to keep the coin green.

Musk said he supports cryptocurrencies in the “battle” with fiat currency… But this did not calm the market for a long time, not least because the Tesla CEO revealed incomparable positions

On the 12th, Musk announced on Twitter that Tesla will stop accepting bitcoins selling their cars. This stems from concerns over “the rapidly growing use of fossil fuels for mining and bitcoin transactions.”

Other cryptocurrencies also lost ground this weekend. Ethereum is down 20% this morning, trading around $ 1900. Dogecoin fell 16% and binance coin fell 26%.

Remember that cryptocurrency markets are open 24 hours a day, seven days a week

On Wednesday, May 19, the cryptocurrency’s severe downturn eclipsed the market value by a billion dollars. The sale began after the Chinese authorities announced additional restrictions on cryptocurrency transactions on their territory.

US regulators are also pointing to new restrictions, with the Treasury Department saying any new digital currency transfers of $ 10,000 or more must be reported to the tax authorities.

See also  Renault: switch to electricity in France will cost 2,000 jobs

This volatility in the crypto sector is nothing new and interest in this market remains high. Despite a downturn in the past few sessions, Bitcoin has seen over 250% gains in the past 12 months.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Landlords must report rent by the end of the month. Set this and other IRS dates until the declaration is delivered

Published

on

Landlords must report rent by the end of the month.  Set this and other IRS dates until the declaration is delivered

UNTIL THE END OF THE MONTH

CLAIM INCOME

Landlords who are exempt and have not chosen to issue electronic rent receipts must submit a Model 44 return to the Finance Department via the Internet by the end of this month – Sunday 30th. delivered to the department by the following Friday.

And who are these taxpayers who are exempt from electronic income receipts?

These are owners who do not have and are not required to have an e-mail box and who did not receive more than 877,622 euros of rent (double the social support index) in 2021. These two conditions are combined.

Landlords who were 65 years of age or older on December 31, 2021, and taxpayers who receive rent under agreements covered by the Rural Lease Scheme, are also exempt.

UNTIL 15 FEBRUARY

˂ Consult and update your personal page on the Financial Portal with your family composition and other relevant personal items, such as the email address or NIB to which the state should transfer the IRS refund.

˂ Indicate spending on education and training in the interior of the country or in the autonomous region. You can deduct 40% of these fees up to a limit of one thousand euros, and the rent paid for the maintenance of a relocated student is not more than 300 euros.

˂ Tell the finance department about the rent for permanent housing if you have moved to the hinterland. You can deduct up to one thousand euros in the IRS instead of the usual 502 euros.

See also  Bitcoin price shakes off $157M BTC futures expiry — Is $12,000 upcoming?

˂ Consider the duration of long-term permanent housing leases (contracts of up to two years or more), as well as the termination of such contracts. This type of lease benefits from lower tax rates, which decrease in proportion to the number of years the property is occupied, as agreed with the tenant. This is done through the financial portal.

UNTIL 25 FEBRUARY

CHECK BILLS

It is time to check or report, if your e-invoice portal personal account is not displayed in your personal account, invoices for expenses incurred in 2021. Based on these expenses, the IRS calculates a withholding from the IRS Fee, which reduces the weight of the invoice and increases the government’s possible refund. Thus, in addition to promoting a fairer tax system, the IRS is cutting costs when requesting an invoice with a taxpayer number for education and training, health care, and housing expenses.

There is also a discount related to general family expenses, which includes any fees, up to a deduction limit of €250 per taxpayer (€335 for single parent families). Maintenance payments determined by the court must also be indicated in the declaration according to model 3, since 20% of their total amount can be deducted from the tax. Don’t forget to request an invoice in certain areas of activity corresponding to the percentage of VAT paid in your pocket: 15% for car and motorcycle repairs, accommodation and meals, hairdressing, veterinary activities and gyms and 100% for expenses. with monthly passes for public transport.

Finally, keep in mind that there is a general limit to the set of tax deductions and benefits that follows from the mathematical formula. It varies by household income, the higher the lower the ceiling. Families with three or more children are eligible for an increase in the limit.

See also  AMC in the red after firing 38% at the start of Wall Street session - Stock Exchange

FROM APRIL TO JUNE 30

Open an IRS campaign. It is not recommended to send or confirm the data, if they are subject to automatic declaration, during the first 15 days of the period, since, as a rule, it is during this period that the technical services detect possible errors in the system and correct them. You will not be affected in terms of calculating your tax, but you may be penalized with an increase in the time it takes to settle your return and the corresponding tax refund, if applicable.

Continue Reading

Economy

Bitcoin is only worth half of its all-time high in November

Published

on

Russia wants to completely ban the use and mining of cryptocurrencies

Have you followed the fall of bitcoin? We all know that the cryptocurrency market is very volatile, and in this sense, it is necessary to be very attentive to price fluctuations in order to bet at the best time.

In early November 2021, Bitcoin hit an all-time high of $69,000. Now, three months later, the world’s most popular digital currency is worth half as much.

Bitcoin is now worth $69,000

Bitcoin is a virtual currency based on a peer-to-peer (P2P) system. P2P is a system that does not provide for a centralized authority to control the currency or transactions, as with other currencies (for example, the euro is controlled by the European Central Bank).

In November, the digital currency reached $69,000, but now it is only worth half. At the time of this writing, according to the Coinbase platform, bitcoin is worth $35,000 - see below. here.

Bitcoin is only worth half of its all-time high in November

But the problem is not only with the BitCoin currency. Also Ether, Cardano and Dogecoin are in bankruptcy this Monday. For Bloomberg Intelligence analysts, this phenomenon is a repetition of the past, a “pause in the face of market uncertainty,” analysts defend.

Since November, the cryptocurrency market, which consists of more than 15 thousand tokens, has lost about $ 1 billion, being in a “bear market”. In light of what is happening, investors have taken advantage of the bitcoin crash and poured $14 million into crypto funds.

See also  Volkswagen to launch 100% electric vehicles in Brazil
Continue Reading

Economy

Six new technologies explore the path to a possible entry into the stock market – Bolsa

Published

on

Six new technologies explore the path to a possible entry into the stock market - Bolsa

Bidirco Engineering Systems, Imaginary Cloud, Immunethep, IMP Diagnostics, Nonius Hospitality Technology and a sixth company that prefers to remain anonymous are the companies selected to integrate the 7th edition of Techshare, a program hosted by Euronext that aims to prepare technologies for shares. entering the market within the next two or three years.

Euronext kicks off this Tuesday with a new edition of Techshare, a program that aims to help tech companies familiarize themselves with the capital markets with a view to pursuing a future Initial Public Offering (IPO, abbreviation in English).

According to Euronext, six selected companies have been selected from 26 valid entries and over the next six months they will be strengthening their knowledge of capital market access through meetings with Euronext and partners to discuss what is required to enter. .

Euronext’s partners this year are Caixa Bank/BPI (bank), CV&A (communications), Morais Leitão (legal services) and PwC (consulting).

Euronext adds that the campus for the end of this academic year will take place in June in Portugal, at Nova SBE, where 122 companies from Germany, Belgium, Spain, France, Holland, Ireland, Italy, Portugal and Switzerland will participate. , as well as all specialized partners in each country.

Launched in 2015, Techshare’s pre-IPO program already has over 650 companies, of which 46 are Portuguese.

See also  AMC in the red after firing 38% at the start of Wall Street session - Stock Exchange
Continue Reading

Trending