Crypto Life Academy
Home of learners. Trustworthy Source of Cryptocurrency News and Latest information about crypto trading in the World. Buy ads: https://telega.io/c/+VsWmSWZdkBVkODhk / @Damien_S0 Founder: @Shimshon01
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💰14 years ago today, Laszlo Hanyecz paid 10,000 Bitcoins for two Papa John's pizzas.
Today, 10,000 $BTC is worth over $700,000,000.
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Why Crypto taxes are important?
Paying taxes on crypto can be a daunting task, but it's essential to understand the rules to avoid any legal issues. If you sell your tokens for a profit, you'll likely be liable for Capital Gains tax. However, there's some good news! Most exchanges allow you to export your trading history, making it easier to collate your data. Additionally, crypto tax services can help you navigate the process for a fee.
Don't forget about tax allowances! In the UK, for example, you won't pay Capital Gains tax on crypto profits below £12,500. And, if you're clever, you can even double your allowance by gifting crypto to a partner or spouse. Finally, consider taking a loan against your crypto collateral instead of selling, as this isn't taxable. Just be aware of the risks and loan-to-value ratios.
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We call to our Investors!
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SOL47 is a decentralized trading platform that executes trades at the Solana blockchain level.
We are pleased to inform you that we are ready to publish our primary functionality. While we are working on new features, you can already start trading with us!
Trading Features:
💎 Full-fledged wallet with 0% fee
💎 Multi Crypto Wallet
💎 Exporting private keys
💎 Copy Trading
💎 DCA Trading
💎 Buying tokens without delays
💎 Referral Program
Analytical features:
🎯 Wallet Analyzer
🎯 Wallet Tracker
👉 Start trading with SOL47!
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🇷🇺 Russian miners collectively mined 54,000 BTC in 2023 — Russia ranks second in the world after the USA in terms of mining volumes.
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MultiBank.io supports 20+ top crypto & fiat pairs and offers USDT-margined derivatives with up to 100x leverage to a global audience across more than 90 countries.
Get the MultiBank.io app today and start trading.
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What does Warren Buffett think about crypto?
Warren Buffett has truly been one of the most consistent critics of cryptocurrencies.
By his definition, Bitcoin is “probably rat poison squared,” and the cryptocurrency market is a place where “dubious individuals are trying to screw over people who dream of getting rich by looking at their neighbors who got rich by buying stuff none of them know anything about.”
“People start being interested in something because it’s going up, not because they understand it or anything else. But the guy next door, who they know is dumber than they are, is getting rich, and they aren’t,” he said. “And their spouse is saying, Can’t you figure it out, too? It is so contagious. So, that’s a permanent part of the system.”
Not the most optimistic reasoning, is it?
But let’s not forget that Buffett, although a great investor, is still a human being, who, by the way, has also made big mistakes in analyzing assets in his career (just like all of us).
The reality is that many reputable economists, entrepreneurs, and investors believe in the bright future of our industry 💪😎🚀
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The Backbone of Blockchain Security
Hash functions are the unsung heroes of blockchain technology. These mathematical wizards take input data of any length and transform it into a fixed-size string of characters, known as a hash.
This hash serves as a digital fingerprint, verifying the integrity and security of transactions on the blockchain. In Bitcoin, the SHA-256 hash function plays a crucial role in the proof-of-work mining process.
Think of it like a digital DNA test, ensuring the authenticity and immutability of transactions. With hash functions, the blockchain can maintain its integrity and trustlessness, making secure transactions possible.
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