The Budget 2022 also proposed to impose withholding tax on transfer of virtual digital assets under Section 194S of the IT Act. Accordingly, with effect from July 1, 2022, any person responsible for paying to a resident any sum by way of consideration for transfer of a virtual digital asset i.e. Bitcoin, will deduct tax at source of 1% at the time of credit of such sum to the account of the resident or at the time of payment, whichever is earlier.
INR 50,000 or more Any other case INR 10,000 or more. Payer/ Buyer of Bitcoin TDS withheld when the threshold monetary limit is (amount in INR) Individual/ Hindu undivided family (HUF) whose total sales, gross receipts or turnover from the business carried on by him or profession exercised by him exceeds INR 1 crore (in case of business) or INR 50 lakh (in case of profession) during the financial year immediately preceding the financial year in which such Bitcoin is transferred INR 50,000 or more Individual/ HUF with income under any head other than the head "profits and gains of business or profession".
As per data from Glassnode, Bitcoin whale addresses holding more than 10K BTC
have been on the rise during the recent market crash. While the Bitcoin Fear and Greed Index continues to remain in the extreme fear zone, whales have been doing some bottom fishing.
By this time, we could also be moving closer to the 200-day moving average. Spotting the trendline of lower highs and lower lows, BNB Davis notes that we can possibly see a relief rally up to $37,000. But this could also mean a possibility of Bitcoin price slipping to a low of $22,000 before giving a decisive breakout on the upside.
Unlike using your bank account, digital payment system, Binance or credit card, Bitcoin allows two parties to transact without giving up any personally identifying information. Centralized repositories of consumer data stored at banks, credit card companies, payment processors, and governments are giant honeypots for hackers. As if to prove Satoshi’s point, Equifax was massively compromised in 2017, leaking the identities and financial data of more than 140 million people to hackers.
As per the original whitepaper on Bitcoin, the probability of hackers tampering the blockchain is next to zero due to the copy of updated ledger each miner carries. If someone is trying to tamper or hack the ledger by any means to gain unfair advantage, then immediately the miner is considered invalid and fails to process transactions until they have a copy of the untampered ledger.
They are presented for entertainment purposes only. Such multi-day changes in price are excluded from analysis, and therefore, the 30- and 60-day metrics for these series use fewer than 30 and 60 data points.
Volatility also increases the cost of hedging, which is a major contributor to the price of merchant services. If Bitcoin
volatility decreases, the cost of converting into and out of Bitcoin will decrease as well.
The crypto volatility index (CVI) is a decentralized VIX for cryptocurrency that allows users to restrict themselves against market volatility, as well as impermanent loss. Yes, there is a volatility index (VIX) for BNB cryptocurrency. This site has several crypto volatility trackers with up-to-date data.
The blockchain will contain accurate and reliable information on the ledger. So, when a new set of information gets uploaded on the system, no one can alter it. You can only update blockchain using consensus algorithm.
This is to avoid over-exhausting the participants or presenting content in a way that confuses the participants. There will be no additional lectures or workshops from external companies during the 8 week course. We may include some interactive panel sessions with industry experts to discuss some of the material presented.
The more volatile an asset, the more people will want to limit their exposure to it, either by simply not holding it or by hedging. Volatility means that an asset is risky to hold—on any given day, its value may go up or down substantially.
Crypto investors make bets that Bitcoin's price will go up or go down to make profits. This causes a sudden increase or decrease of Bitcoin's price, which leads to volatility. The cryptocurrency industry thrives on performs based on speculation.
So, everyone has the same authority over the system. Rather than having a centralized server, the network is distributed. A blockchain technology gets distributed. The copy of the ledger is spread to all the users and all the nodes. Even IoTs can be members of the blockchain network.
There is no fee to participate. It is very possible this venture makes no money, but who cares when we are all having fun. Our goal is to help bystanders join the cryptocurrency community and provide a level playing field for all.
While the prepared content should benefit the audience, the lecture-style supports the audience to ask questions and diverge from the content to aid the learning experience. Typically, 1 hour of lecture material is planned for a 2 hour session.