Xcel Token

The Ministry of Economy and Finance of South Korea, is considering levying a 20% tax on the incomes made through cryptocurrency transactions. According to a news report published by The Korea Times on the 20th of January, 2020, the ministry had reportedly ordered its income office to review cryptocurrency taxation. The Korea Times cited an anonymous official who reportedly said that the ministry has not finalized its plan, but noted that the government may impose a 20% tax on crypto income. “A government official, who spoke on the condition of anonymity, said the finance ministry has not finalized its plan to tax cryptocurrencies.” stated The Korea Times article. Some have speculated that the government may categorize gains obtained through cryptocurrency trading as “other income” and not capital gains. The other income category also includes gains made from lectures, lottery purchases and prizes. A clear scheme for crypto cryptocurrency taxation is much nee...

The past few years have been a crisis for security in crypto . As the asset class has increased popularity, more and more security breaks have been highlighted and more institutions targeted. The burgeoning industry is ripe with opportunity, but also with risk. Two incidents that highlight this lapse in security spring to mind. Back in January 2018, Coincheck Japan was targeted, with attackers succeeding in stealing $530 million worth of NEM tokens from the crypto exchange . It is one of the biggest crypto exchange heists in the relatively short history of the industry and stands alongside the infamous attack on Mt. Gox, when around 800,000 BTC was stolen — a sum worth over $6 billion today. Further back in February 2016 , the Bangladesh Bank was targeted. Thieves tried to steal a total of $850 million via properly authenticated transactions in ordering the Federal Reserve Bank of New York to transfer the money through the SWIFT network . While “only” $101 million was t...

Dark pools are an ominous-sounding term for private exchanges or forums for securities trading . However, unlike stock exchanges, dark pools are not accessible by the investing public. Also known as “dark pools of liquidity,” these exchanges are so named for their complete lack of transparency. Dark pools came about primarily to facilitate block trading by institutional investors who did not wish to impact the markets with their large orders and obtain adverse prices for their trades. Dark pools were cast in an unfavorable light in Michael Lewis’ bestseller Flash Boys: A Wall Street Revolt , but the reality is that they do serve a purpose. However, their lack of transparency makes them vulnerable to potential conflicts of interest by their owners and predatory trading practices by some high-frequency traders. Why Use a Dark Pool? Contrast this with the present-day situation, where an institutional investor uses a dark pool to sell a one million share block. The lac...

In order to understand how crypto can become a source of passive income, we must first understand or define what passive income is. What is Passive Income? Passive income is earnings derived from a rental property , limited partnership or other enterprise in which a person is not actively involved. As with active income, passive income is usually taxable. However, it is often treated differently by the Internal Revenue Service (IRS). Portfolio income is considered passive income by some analysts, so dividends and interest would therefore be considered passive. Passive income is a big step for cryptocurrency : it’s about time that people use digital assets productively. There are options that vary in time-intensity to fit one’s investor capacity and crypto needs at the same time. Cryptocurrencies are complicated so you need to make the point that it could be very easy . It’s common knowledge that institutional investors, specifically from CME , are increasingly em...

Market psychology refers to the prevailing sentiment of financial market participants at any one point in time. Investor sentiment can and frequently drives market performance in directions at odds with fundamentals. For instance, if investors suddenly lose confidence and decide to pull back, markets can fall. Greed, fear, expectations, and circumstances are all factors that contribute to markets’ overall investing mentality or sentiment. The ability of these states of mind to trigger periodic “risk-on” and ``risk-off,” in other words boom and bust cycles in financial markets is well documented. Often these shifts in market behaviour are referred to as “animal spirits” taking hold. The expression comes from John Maynard Keynes’ description in his 1936 book, “The Theory of Employment, Interest, And Money.” Writing after the Great Depression, he describes animal spirits as a “spontaneous urge to action rather than inaction.” While conventional financial theory, namely the effi...

Financial risk is a term that can apply to businesses, government units, the financial marketplace as a whole, and the individual. This risk is the risk or likelihood that shareholders, stakeholders, or other fiscal stakeholders will lose money. There are numerous specific risk factors that can be considered as a fiscal risk. Any risk is a threat that produces damaging or unwanted results. Some more shared and diverse financial risks include credit risk, liquidity risk, and operational risk. The Basics of Financial Risk Financial risk is a type of risk that can affect the loss of capital to interested parties. For governments, this can mean they are incapable to regulate economic policy and default on bonds or additional debt issues. Corporations also face the likelihood of default on debt they undertake but may also experience failure in an undertaking the causes a financial weight on the business. Individuals face financial risk when they make conclusions that m...

Whether you have an important amount of investment or a little bit of extra cash, cryptocurrency is an investment value looking into. Here are a few of the pros of investing in cryptocurrencies ICO:   Pro No. 1: Massive potential for returns. One of the data that makes everyone deliberate investing in cryptocurrency is that $1,000 invested in Bitcoin in 2013 would be worth over $400,000 today. Current ICOs have created an amount of enormous returns in a short amount of time. Pro No. 2: Shorter time horizon. Since cryptocurrencies are network-based and Datum has previously received a upsurge of support, stakeholders know it is prospectively that they can begin cashing out their assets comparatively quickly. Pro No. 3: Increased liquidity. If a cryptocurrency ICO is able to construct a solid adequate network, such as the 56,000-member Datum network, investors instantly have much more liquidity and can trade their cryptocurrency for...