Having cryptocurrencies is not illegal. Not declaring them when necessary, however, can be.
📌 1. Do I have to declare just for buying cryptocurrencies? No. If you simply buy and hold cryptocurrencies, you do not need to declare them in your income tax (IRPF) as long as you do not sell or exchange them for another crypto, euros, or another asset.
But you must take into account: If you use Binance or another foreign exchange and your wallet exceeds €50,000, you may be required to submit Model 721 (mandatory from 2024). 💰 2. When do I have to declare in the income tax? You must declare when you make profits, for example:
If you use cryptocurrencies, you have surely seen USDT (Tether) and USDC (USD Coin) everywhere. Both are stablecoins designed to maintain their value at 1 dollar. But, although they seem alike, they have crucial differences that can affect your money. Here we tell you EVERYTHING you need to know before choosing which one to use. 1️⃣ Where does the money backing them come from? USDT (Tether): Its backing has been a mystery for years. Tether claims it is guaranteed 1:1, but it has faced legal issues for not being completely transparent. Sometimes, part of its reserves includes riskier assets, such as loans or commercial paper.
The crypto world is not only moving on digital platforms. More and more people are opting for physical exchanges or currency houses like GBTC, which allow you to buy cryptocurrencies in person, even with cash. Although it's convenient, it is not without legal and tax risks, so it's important to know how to do it correctly. ✅ What is a physical exchange? A physical exchange is a commercial premises or franchise where you can buy and sell cryptocurrencies face to face. Some examples in Spain include:
🔌🌍 What happens to cryptocurrencies during a massive blackout?
Imagine you are making a transfer in Bitcoin or checking your favorite NFTs… and suddenly, bang!, the power goes out. 😱 The blackout leaves you without internet, without connection, and with the uncertainty of what will happen to your transaction. But does it really affect the crypto world? Let's understand it step by step. 🧠 First, the basics: How do cryptocurrencies work? Cryptocurrencies like Bitcoin, Ethereum, and many others operate on a network called blockchain, which is like a large digital ledger 📖, distributed among thousands (sometimes millions) of computers around the world. These computers are called nodes and are responsible for validating and storing each transaction.
Books that every cryptocurrency enthusiast should read (if they want to take this seriously) 💥📚
In the crypto world, information is gold.
And in an environment where prices change every second, the only thing that can give you clarity is real knowledge.
That’s why today I bring you a selection of 5 books that not only teach you about Bitcoin and blockchain but completely change your perspective. Get ready, because these books are not for those who just want to get rich quickly, but for those who seek to understand the game. 🔶 1. The Bitcoin Standard – Saifedean Ammous 🧠 The bible of Bitcoin maximalism
🚨 The Bitcoin Pattern Everyone Ignores... Until It's Too Late
There is a moment in every trader's life when you don't know whether to laugh or cry. That moment when you go long, everything is going well... and suddenly: bam! a brutal drop. Or when you finally decide to sell... and right there, the price skyrockets. Has it happened to you? It has to me. And not once... a thousand times. 🔍 What is the Bitcoin pattern? We are not talking about a magic indicator or a secret formula. We are talking about a repetitive behavior that reflects how the price moves... and more importantly: how people move.
1. Current Bullish Trend: • A strong bullish movement has been observed from a low of 81,133.53, indicating a significant recovery. • The candles show a clear bullish trend with ascending highs and lows.
2. Volume: • The volume has been considerably high in the last green candles, confirming that buyers have been dominating the market. • However, in the last candles, the volume begins to decrease, which could indicate a possible loss of strength in the bullish trend.
3. Technical Indicators: • MACD: It is positive (277.67), with the histogram showing green bars, suggesting that the bullish trend is still active. • RSI: • RSI(6) = 67.65 (close to overbought) • RSI(12) = 63.57 • RSI(24) = 56.80 • Although the RSI is not yet at extreme levels, it is on the high side, indicating that there could be exhaustion in the bullish trend.
Possible Continuation of the Trend: If volume increases again and momentum is maintained, BTC could break the resistance of 88,781.22 and head towards 89,000 - 90,000 USDC.
Possible Bearish Break: If volume continues to decrease and the RSI remains in overbought territory, we could see a correction towards support levels at 87,481.11 or even 85,798.62.
• If you are trading in the short term, watch the resistance at 88,781.22 and the behavior of the volume. • If buying pressure decreases, we could see a correction before continuing with the bullish trend. • An appropriate stop loss could be at 86,900 - 87,000 USDC if a reversal is confirmed.
#SECCrypto2.0 The regulatory evolution is underway with #SECCrypto2.0, a potential turning point for the crypto ecosystem. 📉📈 The SEC seeks greater control over digital assets, establishing a framework that could change the rules of the game for exchanges, DeFi projects, and stablecoins. Are we facing greater protection for investors or a barrier to innovation? 🚀 While some see this as a threat to decentralization, others believe it is a key step towards massive institutional adoption. The truth is that the market will react, and smart traders must be prepared to seize opportunities. How will this new era impact Bitcoin and Ethereum?
$BNB Currently, BNB is trading around $628.17, with an increase of 0.02997% in the last 24 hours. In the last month, BNB has experienced a slight decline of 4.92%, going from $660.49 to $628.17. Despite this correction, BNB's market capitalization remains strong, exceeding $89.06 billion. The recent volatility can be attributed to factors such as regulatory pressures and competition in the smart contract blockchain space. However, the continued expansion of the Binance ecosystem and the adoption of BNB in various decentralized financial applications suggest long-term growth potential.