Fbi crypto warning
Bitcoin is a relative newcomer to the world of exchange-traded funds. Bitcoin ETFs tied to futures on the cryptocurrency launched in 2021, but it wasn’t until January 2024 that U https://tonapp.store/games/notcoin-inu/.S. regulators allowed exchange-traded products tied directly to the day-to-day movement of bitcoin prices—known as the asset’s spot prices.
One factor that makes futures markets popular with some investors is the potential for “leverage”—in other words, the ability to trade with borrowed cash to supercharge your bets. This obviously comes with elevated risks, but the rewards can be significant. Volatility Shares 2x Bitcoin ETF, which seeks to use futures to provide two times the daily price movement of bitcoin, has notched a total return of about 66% in the past six months versus about 6% for the broad stock market in the form of the S&P 500 Index.
Another game-changing development is Trump’s promise to establish a “strategic Bitcoin reserve.” If implemented, potentially via executive order (a favorite tool of Trump’s first tenure), Bitcoin could potentially rival gold as a reserve asset.
Bonus
If you are employed and receive a travel allowance from your employer, you are able reduce your taxable income by claiming a tax deduction for the fuel you bought and maintenance costs. This quick “Travel tax deduction calculator” calculator shows you how much you can claim.
The deemed cost method allows you to factor in fuel and maintenance costs only if you have paid for them entirely out of your own pocket. If your employer reimburses you for any portion of these expenses, you cannot include that component when calculating your cost per kilometer.
Retirement annuity contributions are tax deductible in South Africa. That means, you pay less tax when you invest in a retirement annuity. However, are they really worth it for everyone? If you earn R7 500 per month, do you even qualify for any tax deductions? What about if you earn R40 000 per month? What about R100 000?
You earn R40 000 per month. You decide to invest R5 000 into a retirement annuity. SARS will not tax you on the R40 000. Instead, you only pay tax on R35 000. The contribution you made to the retirement annuity reduces your taxable income. And you pay less tax.
Just how much tax could you save in taxes by maximizing your retirement annuity contributions? SARS allows you to invest up to 27.5% of your income (capped at R350,000 per year) and deduct it from your taxable income. This table shows the maximum tax savings you can achieve for different income levels .
Kraken crypto
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However, Kraken lists over 290 cryptocurrencies and over 780 cryptocurrency trading pairs, a selection that is smaller than both Coinbase’s and Binance’s. Kraken’s transaction fees also average higher than those of Coinbase and Binance.
The SEC alleged that Kraken’s staking program offered investors returns in exchange for their tokens and that these returns were similar to the dividends paid by traditional securities. As a result, the SEC argued that Kraken’s staking program was an unregistered security and that it should have filed a registration with the SEC.
Cryptocurrencies available on Kraken include bitcoin (BTC), ether (ETH), EOS (EOS), solana (SOL), and non-fungible tokens (NFTs). The Kraken trading platform also allows cryptocurrency derivatives and futures.
In April 2024, Kraken acquired Tradestation Crypto from the online trading and brokerage service Tradestation Group, which Monex Group Inc., a Japanese global financial services company, wholly owned. According to reports, the acquisition of Trade Station, a licensed money transmitter, is intended to expand the exchange’s presence in the U.S.
In February 2023, the Securities and Exchange Commission (SEC) categorized Kraken’s staking service as an illegal sale of securities. The company agreed to a $30 million settlement with the SEC in response to allegations that its crypto-asset staking products broke the regulator’s rules; Kraken also agreed to cease selling its staking service in the U.S.