by : ada_coin Overview

Crypto platforms for investing and earning

Those who believed in cryptocurrencies a few years ago and invested their spare cash in them are now reaping the benefits of their wise decision. Fortunately, the opportunities for successful crypto investing in 2022 have not closed, and people also have a chance to make good money. This article will tell you how can I get a peer-to-peer btc credit.

Earnings from affiliate and referral programs

Referral or affiliate programs today provide almost all crypto platforms. It is especially convenient to earn from them for those who have popular websites, blogs, and channels, that is, a large and interested audience. For each invited person who starts using the platform, they get either a bonus, or a discount, or a percentage of the referral’s actions.

Cryptocurrency lending scheme

On some exchanges, it is possible to lend money to other users at interest – this money is used to provide the aforementioned margin trading. Examples of such exchanges are:

  • Binance.
  • CoinLoan.io.
  • Huobi.
  • Gate.io.
  • Poloniex.
  • Bitfinex.

Lending at interest is much more profitable and interesting than just keeping crypto in your account. As a rule, loans are issued for a short period of time. There are also platforms designed specifically for giving and taking out loans. They work quickly, securely, and allow you to use many popular payment systems in the process. The rate at which the loan is issued is set by the lender. Examples are Nexo, Salt.

IMPT

Users of the project can choose from a variety of ways to fix the environmental situation in the world and improve the overall quality of life.

How to join IMPT:

  • Get registered at IMPT.io
  • Purchase IMPT coins.
  • Transfer IMPT into carbon credits.
  • Credits will be presented in NFT format.

Next, the customer can do with the ready carbon credits in one of the two suggested ways. You can burn the purchased NFT credit to offset your own carbon footprint in this way. For each credit written off in this way, the platform will provide a reward in the form of a collectible NFT that has been created by professional artists specifically for the IMPT project. You can also keep the carbon credit as an investment.

Benefits:

  • Beneficial purchase of tokens at the pre-sale stage with subsequent rate increases
  • Opportunity to influence the environmental situation;
  • A simple process for purchasing tokens;
  • Receipt of unique NFTs.

CoinLoan.io

The CoinLoan.io platform roadmap states that it was conceived as an analytical and social cryptocurrency trading project of the international class. CoinLoan is designed to make it easier for traders with any level of experience to make informed investment decisions. To this end, useful features are provided such as:

  • Chain analysis to identify in-demand coins;
  • The possibility of social trading;
  • Indicators that tell you if there is a good opportunity to buy or sell;
  • Strategy builder;
  • Social sentiment metrics;
  • Real-time notifications about cryptocurrency listings.

The platform offers a large number of features, but at the same time, they are available in a clear form. This makes the functionality accessible not only to professionals but also to inexperienced traders.

Pre-sale of the tokens has just begun, but it is already rapidly gaining momentum. The project has received decent funding, which provides promising prerequisites for development. In addition, the community of the platform is constantly updated with new active traders.

The advantages of the project:

  • More than 70 thousand clients;
  • Extensive functionality;
  • Possibility to create strategies independently.

OKX

One of the world’s largest cryptocurrency exchanges has been operating since 2013. Now the company is trusted by millions of investors from more than 100 countries. OKX provides a stable and reliable environment for various crypto trades. On the platform, you can:

  • Purchase cryptocurrency for fiat;
  • Exchange coins with each other;
  • Invest in crypto directly without intermediary participation through P2P service;
  • Trade on spot or margin trading;
  • Work with futures and options;
  • Engage in mining;
  • Credit other users with digital money.

OKX has both computer and mobile applications that can be installed on Android or iPhone smartphones. All trading terminals have a wide range of functionality, giving investors the ability to invest in crypto at their convenience from any location. OKX issues its own service token. OKB holders can significantly reduce trading commissions, as well as take part in voting.

Pros:

  • High trading volume, which helps maintain high liquidity.
  • Security through various passwords for login and access to assets, an additional phone, and email verification, and the use of an anti-phishing code.
  • Ability to trade with different order types – from basic to advanced.
  • Replenish the deposit without taking commissions.

No matter which variant is chosen, the trader must remember that it is up to him to make the choice. Relying not on third-party advice but on their own needs, possibilities, and impressions of a certain method. Each of these points is profitable in its own way. But by no means forget about the existing risks.

IEO/ICO/IDO

IEO is rapidly replacing ICO as a way to raise funds for new crypto projects. The essence is almost the same, but IEO is held at some crypto platforms. This benefits all parties:

  • The exchange gets additional advertising (for example, Binance got a lot of new users due to BitTorrent IEO);
  • The developers of the project also get advertising, as well as instant listing after the end of trading and ready audience;
  • Users get the opportunity to trade the token of interest and avoid risks – a popular exchange will never risk its reputation by launching an untested token.

IDO is another alternative variant of the token sale, but it is held on decentralized exchanges and special DeFi platforms.

What are the earnings? This is a kind of cryptocurrency investing. Practice shows that tokens that were distributed in this way, after listing, grow in price by 100-1000%, which allows you to sell them profitably afterward. But a lot of attention should be paid to choosing really promising projects because participation in IEO itself does not guarantee that the rate will shoot out.

Conclusion

Although commercial lending using cryptocurrency collateral is not very common yet (when compared to bank loans), it is a logical step to continue integrating crypto into people’s daily lives. If a cryptocurrency has value to a certain number of people, then that value can and should be used. And providing it as collateral is a comfortable option that opens up a lot of possibilities.

 

 

by : ada_coin Taxes

EU Tax for Cardano (ADA)

Cardano (ADA) is a popular cryptocurrency that has gained a lot of attention in recent years. As more people begin to invest in Cardano, it is important to understand the tax implications of these investments. In this article, we will explore the EU tax implications for Cardano (ADA) and how to stay compliant with tax regulations.

 

What is Cardano (ADA)?

Cardano (ADA) is a blockchain platform that aims to provide a secure and scalable infrastructure for building decentralized applications. It was founded by Charles Hoskinson, a co-founder of Ethereum, and is designed to offer advanced features such as smart contracts and proof-of-stake consensus.

Cardano (ADA) has gained a lot of attention from investors due to its promising technology and potential for growth. However, as with any investment, it is important to understand the tax implications of investing in Cardano.

 

EU Tax Implications for Cardano (ADA)

In the EU, the tax treatment of cryptocurrencies such as Cardano (ADA) varies depending on the country. However, in general, cryptocurrencies are treated as assets for tax purposes and are subject to capital gains tax.

Capital gains tax is the tax paid on profits made from selling an asset such as Cardano (ADA). If you buy Cardano (ADA) at one price and sell it at a higher price, you will need to pay capital gains tax on the profit you made.

The rate of capital gains tax varies depending on the country, but in the EU, it is typically between 0% and 50%. The rate is usually based on the investor’s income, the size of the gain, and the length of time the investment was held.

 

Staying Compliant with EU Tax Regulations

To stay compliant with EU tax regulations, investors in Cardano (ADA) should keep accurate records of all their transactions. This includes the date of purchase, the price paid, the quantity purchased, and the date of sale (if applicable).

Investors should also keep track of any expenses related to their Cardano (ADA) investment, such as transaction fees or the cost of a hardware wallet.

It is important to note that tax regulations can change over time, and investors should stay up-to-date with any changes in tax law that may affect their Cardano (ADA) investment.

 

Taxation of Staking Rewards

In addition to capital gains tax, investors in Cardano (ADA) who participate in staking may also be subject to income tax on their staking rewards.

Staking involves holding a certain amount of Cardano (ADA) in a wallet and using it to validate transactions on the blockchain. In exchange for this service, stakers are rewarded with new Cardano (ADA) coins.

Staking rewards are typically treated as income for tax purposes and are subject to income tax. The rate of income tax varies depending on the country and the investor’s income level.

 

Conclusion

Investing in Cardano (ADA) can be a great way to diversify your portfolio and potentially earn high returns. However, it is important to understand the tax implications of investing in Cardano (ADA) and to stay compliant with EU tax regulations.

Investors should keep accurate records of their transactions and stay up-to-date with any changes in tax law that may affect their investment. By taking a thoughtful and strategic approach to investing in Cardano (ADA), investors can achieve their financial goals and position themselves for long-term success.

by : ada_coin Taxes

Find Out How Much You’ll Pay on Your Cardano ADA Profits in Canada

The taxation of cryptocurrency is a complex and evolving area of Canadian law. As such, it’s important for Canadians who own or use Cardano (ADA) to understand how their transactions are being taxed by the Canadian government.

Cardano (ADA) is a form of virtual currency, also known as crypto-currency, that has been gaining popularity in recent years. It was created in 2015 and is one of the most popular digital currencies currently available to buy and sell on the market. It’s decentralized, meaning there is no central authority or middleman controlling the currency. Transactions are verified on a blockchain network hosted by many computers around the world.

Like other forms of virtual currency, Cardano has become increasingly popular among Canadians looking to invest or use alternative currencies for transactions. Unfortunately, due to its relatively new status and lack of clarity from the tax authorities in Canada, it can be difficult to know exactly what kind of taxes apply when dealing with Cardano (ADA).

In Canada, taxpayers may be subject to capital gains tax on their virtual currency transactions if they meet certain conditions. Anytime a sale results in a profit, taxpayers must declare that gain upon filing their taxes each year and pay any applicable capital gains taxes on those profits. Capital losses are also able to be claimed against any capital gains made during the year in order to reduce the total amount of tax payable at filing time.

Taxpayers should also keep track of any “mining” activities they partake in with their Cardano (ADA). Mining activities refer to using computing power to validate blocks within a blockchain network in order to receive rewards like new coins or tokens as compensation. Any rewards received while mining would be considered taxable income depending on how much money was earned from that activity overall throughout the year.

Finally, it’s important for Canadian taxpayers using Cardano (ADA) for payments or donations to know that these payments could also qualify as taxable income depending on their specific circumstances. If someone receives payment through Cardano then they will need to report this income when filing their taxes each year just like any other type of payment received from other sources such as employment income or investment returns.

When dealing with cryptocurrency such as Cardano (ADA), it’s important for taxpayers in Canada understand how these transactions are taxed so that they can properly report them when filing their taxes each year and avoid any financial penalties related to non-compliance with CRA regulations regarding virtual currency transactions and earning activities associated with them. Taxpayers should always consult with a qualified tax professional to ensure they are in compliance with current Canadian tax regulations when dealing with any type of virtual currency.

By understanding the taxation rules associated with Cardano (ADA) transactions, Canadians can enjoy the benefits of using this new form of digital currency while staying on the right side of IRS and CRA laws. As cryptocurrency becomes more widely accepted, it’s important for taxpayers to stay up-to-date on all applicable regulations so that they can properly report any activities involving these types of currencies when filing their taxes.

by : ada_coin Taxes

USA Taxes for Cardano (ADA)

As a United States citizen, it is important to understand the tax implications of owning and selling Cardano (ADA), or other cryptocurrencies. The Internal Revenue Service (IRS) views cryptocurrencies as property, rather than currency, which means that any gains or losses from the sale of Cardano (ADA) will be subject to capital gains tax.

When it comes to calculating the capital gain or loss on the sale of Cardano (ADA), it is important to keep accurate records of the purchase price and any expenses related to acquiring and holding the cryptocurrency. This includes any transaction fees, storage fees, or other expenses incurred while owning the cryptocurrency.

If you have held Cardano (ADA) for less than a year, any gains will be subject to short-term capital gains tax, which is currently taxed at the same rate as your ordinary income. However, if you have held Cardano (ADA) for more than a year, the gains will be subject to long-term capital gains tax, which is currently taxed at a lower rate than short-term capital gains tax.

It’s also worth noting that capital losses can be used to offset capital gains and lower your overall tax liability. So, if you have any losses from the sale of Cardano (ADA) or other cryptocurrency, it’s important to keep track of those as well.

In addition to capital gains tax, you may also be subject to self-employment tax if you are using Cardano (ADA) or other cryptocurrencies as a form of business or trade. This tax applies to any income earned from such activities and is currently set at a rate of 15.3%.

It’s also important to note that some states have their own cryptocurrency tax laws and regulations, so it’s important to check with your state tax agency to determine if there are any additional taxes that may apply.

When it comes to reporting your cryptocurrency transactions to the IRS, it’s important to use Form 8949 and Schedule D of your Form 1040. Form 8949 is used to report capital gains and losses from the sale of property, including cryptocurrencies, and Schedule D is used to summarize the information from Form 8949 and report it on your Form 1040.

It’s worth mentioning that in 2019, the IRS issued guidance stating that virtual currency miners are subject to self-employment tax on the income derived from those activities. Therefore, if you are mining Cardano (ADA) or other cryptocurrencies, you may be subject to self-employment tax on the income generated from mining.

Additionally, It’s important to note that the IRS has been cracking down on tax noncompliance related to virtual currencies in recent years. They have been using various methods such as sending warning letters to taxpayers who might have failed to report their virtual currency transactions, and have also been using third-party data providers to identify taxpayers who might be underreporting or not reporting their virtual currency transactions.

In conclusion, as a United States citizen, you will be subject to capital gains tax when selling Cardano (ADA) or other cryptocurrencies. The rate at which you will be taxed will depend on how long you have held the Cardano (ADA) and you may also be subject to self-employment tax if you are using Cardano (ADA) or other cryptocurrencies as a form of business or trade or if you are mining it. It is important to keep accurate records, consult with a tax professional, and check the state tax laws to ensure compliance with all applicable tax laws and regulations. Additionally, it’s important to keep in mind that the IRS has been actively enforcing compliance with virtual currency tax laws, so it’s essential to report your virtual currency transactions correctly and timely.

by : ada_coin Overview

Pros and Cons of Cardano (ADA)

Cardano (ADA) is a popular cryptocurrency with many advantages, such as its high security features, scalability and low energy consumption. However, it also has some disadvantages like the lack of liquidity in some exchanges and the complexity of developing applications on Cardano’s blockchain. Overall, Cardano is an interesting project that could revolutionize how we use money if more people start to adopt it. It remains to be seen whether or not this will happen but for now investors should research thoroughly before investing in any cryptocurrencies including Cardano.

Pros:

  • High security features
  • Scalability
  • Low energy consumption
  • Potential to revolutionize how we use money

Cons:

  • Lack of liquidity in some exchanges
  • Complexity of developing applications on Cardano’s blockchain
  • Uncertainty about the future of the project

Cardano is a potentially revolutionary cryptocurrency with many advantages. However, it also has some drawbacks that investors should keep in mind before investing. It remains to be seen whether or not Cardano will achieve mainstream adoption but for now, further research is recommended before making any investments with this cryptocurrency.

by : ada_coin News

Cardano Community Expects ADA To Jump 50% By End Of Year, Is This Possible?

Cardano (ADA) has taken some of the largest hits through the bear market. The digital asset has seen massive declines that have pushed its price toward one-year lows. However, the community remains steadfast behind Cardano, and the outlook for its native ADA token shows that investors remain extremely bullish on the cryptocurrency.

$0.47 For ADA By Year End

The Cardano community on Coinmarketcap has shown a very bullish outlook for the future. The Price Estimates feature allows users to input a value they believe the price of a digital asset will reach by a certain time period and then provides an average of the prices.

With more than 5,000 votes already collated for the month, the average estimation came out to $0.4788 by the end of 2022. Given this current price, it means that the community expects a 57% increase in the price of ADA before the year runs out.

The bullish outlook also continues to the new year as expectations fly even higher for January 2023. The estimates for this puts the price of ADA at $0.5, a 65% increase from current levels. And for the next six months, expectations remain in the green that ADA will continue to trade higher than its current value.

The Cardano community may be bullish on the future of ADA but indicators point to a very bearish trend for the digital asset. The first of these is the digital asset continues to trade consistently below its 50-day moving average, which is an important technical level for any cryptocurrency to record a bullish trend.

While ADA continues to hold above $0.3, it is a precarious situation for the cryptocurrency. One of these is that the cryptocurrency had previously fallen below this level in November. Presently, it is serving as support but another decline below this will see the bears mount resistance at this point.

A daily close below $0.31 will be a critical blow to the token which is still trying to move out of the shadow of its 52-week low. Interestingly, it continues to stall around $0.306 ahead of the opening of the trading day which could mean some strength if the trading volume were to pick up by midday trading hours.

ADA is currently trading at $0.306 at the time of this writing. The price of the digital asset is down 6.82% in the last 7 days and 2.88% in the last 24 hours. It remains the 9th largest cryptocurrency with a market cap of $10.4 billion.

by : ada_coin Price Prediction

Cardano is predicted to reach $ 0.275633 by December 11, 2022

According to our current Cardano price prediction, the value of Cardano is predicted to drop by -13.52% and reach $ 0.275633 by December 11, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 25 (Extreme Fear). Cardano recorded 13/30 (43%) green days with 8.37% price volatility over the last 30 days. Based on our Cardano forecast, it’s now a bad time to buy Cardano.

by : ada_coin News

Cardano Registers Milestone With More Than 7 Million Native Tokens

Cardano (ADA) has failed to take advantage of a significant network milestone it recently achieved as the digital asset continues to struggle in pushing its price to higher levels.

At the time of this writing, the cryptocurrency was changing hands at $0.3060 and has gone down by almost 3% during the last 24 hours according to data from Coingecko.

This comes as a surprise as the project’s blockchain is in the midst of celebrating the accomplishment of having more than 7 million native assets that have been created on it.

Basing from the information shared by pool.pm, by leveraging 65,652 varying minting policies, the Cardano network is now home to 7,055,456 native tokens.

What makes this achievement extra special is the fact is that just last September the blockchain hit the 6 million count.

Nonetheless, ADA seems to have ignored this development as it hasn’t responded positively in terms of spot trading price and market capitalization.

From a 2022 opening tally of 2,844 smart contracts, there are now 3,791 SCs running on Cardano’s Plutus platform, representing an increase of 300%.

This comes at a time when the network is working on an additional development that mainly focuses on improving the smart contract functionality of the blockchain.

Particularly, the team responsible for this network activity is paying attention to increasing script capacity and the Plutus Debugger MVP for the full implementation of the Babbage support.

Back in September 2022, when the Vasil hard fork upgrade was launched by Cardano in hopes of increasing the scalability of the DeFi network, there was a significant increase in smart contracts running on the blockchain.

Elsewhere, the project is also witnessing impressive growth in terms of on-chain activity as evidenced by the daily address activity which has jumped over 90% at the time of this writing.

Moreover, the number of delegated wallet addresses for Cardano has now reached 1.23 million, although some experts believe that this surge might have been instigated by the massive sell-off prompted by the collapse of the FTX crypto exchange.

According to Coincodex, over the next five days, ADA will post a slight increase in its trading price which the online crypto info aggregator predicts to be at $0.3065.

That however, will be followed by a more bearish forecast which sees the asset experiencing severe price dump towards the end of the year.

By using its technical indicators and historical price movements, Coincodex was able to arrive at the prediction that 30 days from now, the altcoin will fall all the way down to $0.2742.

Still, just like its fellow crypto assets, Cardano is subject to high volatility levels which means that in just a matter of a blink on an eye, it can surpass all predictions made related to its price trajectory.

by : ada_coin Price Prediction

Cardano price prediction: Extreme Fear

According to our current Cardano price prediction, the value of Cardano is predicted to rise by 10.72% and reach $ 0.332238 by November 27, 2022. According to our technical indicators, the current sentiment is Bearish while the Fear & Greed Index is showing 22 (Extreme Fear). Cardano recorded 15/30 (50%) green days with 9.63% price volatility over the last 30 days. Based on our Cardano forecast, it’s now a bad time to buy Cardano.

by : ada_coin News

Cardano could play an important role to help ADA avoid the bears

On 14 November, Charles Hopkinson, the founder of Cardano, stated that Cardano’s ecosystem had been growing at a rapid pace. At the time of the tweet, the platform was hosting 3.6 million wallets, over 100 launched projects, and over 1,000 projects were currently under progress.

Cardano’s ecosystem, especially the dApps, had done well over the past 30 days. According to data by DappRadar, top Cardano dApps, such as Miniswap and SundaeSwap, grew in terms of unique active users on their protocol. The unique active users for Miniswap grew by 21% and for SundaeSwap, the increment observed was 20% over October.

In terms of DeFi, however, there was some volatility observed. As can be seen from the image below, the total value locked (TVL) fluctuated massively over the past month and declined significantly after 7 November. At the time of writing, Cardano’s TVL was 52.78 million and had depreciated by 6.17% in the last 24 hours.

Cardano didn’t fare well in the NFT space either. As evidenced by the image below, as the trend of the NFT market by volume continued to decline. However, the number of trades made grew by 72% in the last 30 days, according to data provided by opencnft.

The velocity of Cardano transactions also increased, indicating that the frequency with which Cardano was being exchanged amongst addresses had grown.

Another positive for Cardano holders was the spike in transaction volume in profit over the last few days, which can be seen from the image below. However, despite the spike of transaction volume in profit, the Market Value to Realized Value (MVRV) ratio continued to decline. This implied that most people would realize their losses if they all were to sell their Cardano holdings at the press time price.

At the time of writing, Cardano was trading at $0.344. Its price had depreciated by 17.50% in the last seven days. However, its volume observed an uptick of 34.5% in the last 24 hours according to data provided by CoinMarketCap. Its market cap also witnessed an uptick of 0.25% and at the time of press, Cardano had captured 1.32% of the overall crypto market.