Web3’s failed decadeIn the past week, the markets have seen a huge turnaround. Now is the time for founders and builders to look to the future to the next stage of Web3.The convergence of AI x Crypto and the subsequent explosion of agents on blockchains, we propose, means we are evolving ...

The Post Web: Read, Write, Own, Delegate — TradingView News

Update Sept. 27, 1:30 pm UTC: This article has been updated to add comments from a Bitget spokesperson. Non-custodial crypto wallet provider Bitget Wallet announced that it would enable developers to connect Telegram Mini Apps into multichain ecosystems using a software development kit called ...

Bitget to connect Telegram Mini Apps to broader Web3 with new dev kit — TradingView News

The settlement and the broader security breach issues underscore the serious legal and financial risks of not prioritizing transparency and cybersecurity, as Kevin LaCroix from RT ProExec noted.

Okta's Costly Cyber Security Failures: A $60 Million Lesson in Transparency — TradingView News

Most Web3 professionals are optimistic about the industry’s future despite the regulatory uncertainty ahead of the 2024 US presidential elections.Over 86% of professionals remain optimistic about the future of the Web3 industry, according to the latest Consensys report.This widespread optimism ...

Over 86% of Web3 professionals are confident in the future of crypto: Consensys — TradingView News

Franklin Templeton, a global investment firm managing 1.6 trillion dollars, has released a report titled &quot;Solana: Accelerated Adoption,&quot; which predicts that Solana is positioned to become the third major crypto asset after Bitcoin and Ethereum.The report states, &quot;Our view is that Solana&#x27;s growth ...

Solana to join Bitcoin and Ethereum as top crypto assets, $1.6 trillion asset manager predicts — TradingView News

Tech stocks were higher Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.9% and the SPDR S&amp;P Semiconductor ETF (XSD) adding 2.3%. The Philadelphia Semiconductor index climbed 2.2%. In corporate news, Apple&#x27;s NASDAQ:AAPL shares popped nearly 7% after its earnings and ...

Sector Update: Tech Stocks Gain Friday Afternoon — TradingView News

Financial stocks were advancing in Friday afternoon trading, with the NYSE Financial Index rising 0.5% and the Financial Select Sector SPDR Fund (XLF) ahead 0.4%. The Philadelphia Housing Index was climbing 1.8% and the Real Estate Select Sector SPDR Fund (XLRE) was up 0.6%. Bitcoin (BTC/USD) ...

Sector Update: Financial — TradingView News

Cocoa futures (CAN24) have been rocketing upwards in the last months as a result of an unprecedented supply shortage concentrated in West Africa. After reaching a decades-record high, in just two days the contract dropped by over 31% this week. Liquidity factors, fueled by fear of trading in ...

European Commodities: Has Cocoa Finally Found Its Top? — TradingView News

Tech stocks were gaining Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising 2.9% and the SPDR S&amp;P Semiconductor ETF (XSD) adding 2.3%. The Philadelphia Semiconductor index rose 2.2%. In corporate news, Apple&#x27;s NASDAQ:AAPL shares surged 7% after its earnings and sales ...

Sector Update: Tech — TradingView News

The cryptocurrency market is bouncing off, according to CoinMarketCap.Top coins by CoinMarketCapBINANCE:ETHUSDThe rate of Ethereum BINANCE:ETHUSD has increased by 1.38% over the past 24 hours.Image by TradingViewOn the hourly chart, the price of ETH has broken the local resistance level of $3,015…

Ethereum (ETH) Price Prediction for May 3 — TradingView News

TradingView

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Hey friends! Have you ever wanted to create your own custom indicators for TradingView? Well, you're in luck - in this post, I'll be walking you through a step-by-step guide on how to write a basic indicator from scratch using PineScript. For those who don't know, is a popular online charting platform used by traders to analyze financial markets. It allows you to create charts with various indicators and drawing tools and also features a huge community of traders who publish ideas and custom indicators. TradingView is the built-in coding language used on TradingView to program your own indicators and strategies. It's pretty straightforward to learn, especially if you have any coding experience. I'll be focusing on PineScript version 5 which is the latest iteration with new features and improvements. PineScript So let's get started and get familiar with PineScript syntax, code your first basic indicator, and publish it for the community - by the end, you'll have the skills to bring any custom indicator idea to life Setting Up Your TradingView Account The first step is to head over to Tradingview and . The free plan is enough to follow this tutorial and publish an indicator. sign up for a free account Once you log in, you'll see the TradingView charting homepage. The Chart tab is where you'll spend time analyzing price charts from global markets. The Pine Editor is where we'll code the indicator script. With your account created and the platform explored, you now have everything needed to start coding a custom indicator. Time to move on to learning PineScript! Introducing PineScript PineScript is a specific to TradingView that lets you create trading algorithms, indicators, strategies, and more. It uses a JavaScript-like syntax to build scripts that run natively in the TradingView charting environment. programming language Some key facts about PineScript: Used only on TradingView, interpreted and executed by their servers Built-in variables and functions tailored for financial data analysis PineScript v5 is the latest version with new features Open-source with a large community contributing scripts To access the Pine Code Editor, click on the Pine Editor tab at the top. This will open up a blank editor panel where you can start coding your indicator. Think of this as your workbench to build custom PineScript programs. When you first open the editor, you'll see a sample script with some basic code to show variable assignments, a plot function, etc. You can leave it for reference or delete it and start fresh. Now before we jump into writing code, let's get familiar with some PineScript basics. Understanding the Basics of PineScript PineScript shares similarities with languages like JavaScript and C in both syntax and functionality. Let's go over some key concepts and components that we'll need for our first indicator: Series A series in Pine Script refers to sequential data like OHLC prices, indicator values, trade volumes etc. over a timeframe. It is the foundation for accessing and manipulating data in your scripts. Core price series Pine Script has four built-in series for OHLC data: open - Open price of each bar high - High price of each bar low - Low price of each bar close - Close price of each bar For example: // Access close of current bar
currentClose = close

// Access open two bars ago
pastOpen = open[2] Declaring custom series You can declare your own series to store custom indicator values: // Declare series 
var mySeries = na

// Assign values
mySeries := close Accessing prior values Use array index notation to access historical values in a series: // Close 1 bar ago
prevClose = close[1] 

// Close 5 bars ago
pastClose = close[5] Series lifespan Series only exist for visible bars on the chart. If you scroll left or right, the series values are recalculated. Common operations You can perform math, combine series, find minimum/maximum etc: // Add two series
sum = series1 + series2

// Higher value of two series
hi = math.max(series1, series2)

// Moving average of series
sma = sma(mySeries, 20) Data Types Explicitly declare variables with types: // Integer
var int myInteger = 10

// Float
var float myFloat = 10.5 

// String 
var string myString = "Hello"

// Boolean
var bool myBool = true Operators Perform actions like arithmetic, comparisons, etc: // Arithmetic
int sum = 10 + 15
int diff = 20 - 7
int product = 2 * 10

// Comparison 
if close > open
    // Do something

// Logical  
if (trend == "up") and (momentum > 100)
    // Do something Functions Reusable blocks of code to execute specific tasks: // Built-in function
ema20 = ta.ema(close, 20)

// Custom function
foo() => 
    int sum = 10 + 15
    sum

// Call function
value = foo() Control Flow Control execution path based on conditional logic: // If/else statement
if close > open
    // Bull candle
else 
    // Bear candle

// For loop  
for i=0 to 10
    // Do something

// While loop
while close > open
    // Uptrend That covers some of the key concepts. Don't worry if the syntax seems strange - it will start to feel natural with examples. Now let's shift gears and actually build out an indicator! Building Your First Indicator Now that we have covered the basics of Pine Script, let's shift gears and walk through building a practical trading indicator from scratch. In this example, we will code a (RSI) indicator. The RSI is a popular momentum oscillator used by traders to identify overbought and oversold conditions. Relative Strength Index Here is an overview of how RSI works: Calculates the speed and rate of price changes Fluctuates between 0 and 100 Values over 70 indicate an overbought state Values under 30 indicate oversold state Used to detect reversals or divergence Let's break down the step-by-step process: Step 1 - Declare A Script First, let's define a version of PineScript to V5 and then name out indication "RSI". //@version=5
indicator("RSI", overlay=false) indicates that we don't intend for this indicator to overlay the chart. overlay=true Step 2 - Define User Inputs We want to allow the user to customize the RSI period length. We use the input() function: // RSI Period Input
period = input(title="RSI Period", type=input.integer, defval=14) The input() function creates a configurable setting the user can change. Step 3 - Declare RSI Variable We need a variable to store the RSI value on each bar: // RSI series 
var rsi = na The na value initializes it to not applicable before the first value. Step 4 - Calculate RSI in Function In a separate function, we code the RSI calculation logic: // RSI calculation
rsi(period) =>

    up = ta.rma(math.max(ta.change(close), 0), period)
    down = ta.rma(-math.min(ta.change(close), 0), period)
    
    rsi := down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) This uses the change() and rma() functions to calculate the relative strength. Step 5 - Plot RSI on Chart Next we visualize the RSI as a line on the chart: // Plot 
plot(rsi, title="RSI", style=plot.style_line, linewidth=2, color=#FF7200) We style it with a thicker line in orange color. Step 6 - Add Overbought/Oversold Levels Finally, we draw horizontal lines at 70 and 30 for overbought/oversold reference: // Upper band
h1 = hline(70, "Upper Band", color=#C0C0C0)

// Lower band
h2 = hline(30, "Lower Band", color=#C0C0C0) And that's it! We now have a complete RSI indicator coded from scratch in Pine Script. Obviously, this was a very simple example just to demonstrate the basics. You can enhance it further with more configuration options, optimization, alerts, etc. But you should now have a sense of how to go from idea to coded indicator in PineScript. Here are two ways we could add more features to the RSI indicator example using tables and alerts: 1. Create RSI Values Table We can store the RSI values in a table for easy reference: // Define RSI table
table rsiTable(symbol, rsi) 

// On each bar record RSI
table.push(rsiTable, symbol, rsi) Now the user can see all the exact RSI numbers in the data window rather than just the chart line. 2. Add Overbought/Oversold Alerts We can trigger alerts when RSI crosses above 70 or below 30: // Overbought alert
if rsi > 70
    alert("RSI Overbought!")
    
// Oversold alert  
if rsi < 30
    alert("RSI Oversold!") This allows traders to get real-time notifications when the indicator signals important overbought or oversold conditions. The table provides historical data access and alerts to create actionable signals - both useful for traders using the RSI indicator. There are many possibilities like these to expand indicators beyond just visualization on the chart. Here is the complete code! //@version=5
indicator("RSI", overlay=false)

// User Input
period = input(title="RSI Period", type=input.integer, defval=14)

// RSI Series
var rsi = na

// RSI Calculation
rsi(period) =>

    up = ta.rma(math.max(ta.change(close), 0), period)
    down = ta.rma(-math.min(ta.change(close), 0), period)
    
    rsi := down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) 

// Plot RSI	
plot(rsi, title="RSI", style=plot.style_line, linewidth=2, color=#FF7200)

// Overbought Level
h1 = hline(70, "Upper Band", color=#C0C0C0)

// Oversold Level
h2 = hline(30, "Lower Band", color=#C0C0C0)

// RSI Table
table rsiTable(symbol, rsi)
table.push(rsiTable, symbol, rsi)

// Alerts
if rsi > 70
    alert("RSI Overbought!")
    
if rsi < 30
    alert("RSI Oversold!") Next, let's walk through testing your script and publishing it for the TradingView community. Configuring and Testing the Indicator Before our EMA indicator is ready to publish, we need to configure it and test it works as expected. TradingView makes this easy through their charting environment: 1. Add basic settings Let's allow customization of the EMA line color and thickness: // Color setting
col = input(title="Color", type=input.color, defval=#2962FF)

// Thickness 
thm = input(title="Thickness", type=input.integer, defval=2)

// Update plot function
plot(ema_values, "EMA", color=col, linewidth=thm) 2. Add script to a chart In the Pine Editor, click Add to Chart at the bottom. This will load the indicator on a price chart. 3. Observe indicator values Change the symbol and timeframe. Ensure the EMA line plots as expected. Tweak the length and smoothing inputs and see the effect. To inspect the actual EMA values being calculated, you can use the plotchar() function to print values on the chart: // Print EMA values on chart
plotchar(ema_values, "EMA", "▲", location.bottom) The data window also provides the ability to see all indicator values for debugging. Open the data window and look for your "EMA" series. 4. Debug issues If the indicator prints any errors or behaves strangely, go back and debug the script. Fix any typos, logic errors, etc. Checking the printed EMA values compared to the chart can help identify and resolve calculation problems. The data window lets you inspect the exact EMA numbers at each bar to ensure accuracy. Publishing and Sharing the Indicator TradingView makes it simple to save your PineScript creation and share it on their public indicator library: 1. Save script In the Pine Editor, click Save As. Give your indicator a descriptive name and save it. 2. Set visibility to public In the indicator settings, change Visibility to Public. 3. Add description Provide an explanation of what your indicator does in the Description field. 4. Get community feedback Publish your indicator and encourage other users to try it out! Observe their ratings and feedback to improve it over time. And that's all it takes to unleash your TradingView indicator with the world! PineScript has a supportive community, so leverage resources like the PineCoders chat room and wiki to continue enhancing your creation. Conclusion If you've made it this far - congratulations! You now have the skills to code a custom indicator from scratch using PineScript. Of course, this was just a quick overview to get you started. There's a whole lot more you can explore with PineScript like trading strategies, visualizations, integrations, and more. I hope this tutorial gave you a solid foundation to unleash your creativity! So now it's your turn - open up that Pine Editor, get coding, and bring your unique indicator ideas to life. The PineScript community can't wait to see and use what you build. Feel free to reach out if you have any other questions. Happy coding! If you like my article, feel free to follow me on . HackerNoon The lead image for this article was generated by via the prompt "Illustrate arbitrary financial charts" HackerNoon's AI Image Generator

PineScript for Beginners: Writing Your First TradingView Indicator

The bulls are back – the stock market turns the corner on dovish Fed rhetoric. Hopes on soon slowing rate-hike pace serve as a boost for risky assets. The bad news is that not all remain optimistic: Morgan Stanley analysts suggest investors maintain a "defensive stance”. Deteriorating economic conditions could ultimately take a hit on the corporate sector, pushing down earning margins. No wonder, Big Techs like Amazon.com and Meta cut staffing. Unless “we talk ourselves into a recession”, eventually, things will come back to normal and that is exactly what the market discounts. According to Gerald Cohen, there is a 50-50 chance of the US entering the stagnation phase. Looking at the latest macroeconomic data, things look stable, but there is always room for surprise. What would Warren Buffett do? In Q3, Berkshire Hathaway Inc. poured $9 billion into the stock market. Overall, the fund spent about $66 billion in the first nine months. That's more than 13 times the spending for the same period in 2021. In other words, every crisis is an opportunity, which is why many anticipate the worst-case scenario to purchase stocks at a great discount. Talking about sales, starting next Monday the with discounts of up to 60% starts on Tradingview. Remember, the offer will not last long, use this chance to buy any subscription at the company’s lowest possible price. Check the features of each plan . Black Friday Sale here Don’t miss the unique opportunity to be part of the world’s largest community of traders – over 30 million monthly users – and gain access to all the features of the platform for more accurate market analysis and better trading results. Benefits of TradingView Premium Highest data accuracy and access to all markets 25 indicators per chart 8 charts in one layout 400 server-side alerts Second-based intervals 4 times more data on the charts (up to 20 thousand bars) The ability to publish invite-only scripts If you don't need all those features just yet, then there are always Pro and Pro+ subscriptions to consider. Find the plan that’s perfect for you. About TradingView TradingView is the planet’s largest social network for traders and investors, as well as a platform for analysis, charting, and trading. Chat with millions of traders from all over the world, discuss trade ideas and submit orders to exchanges. Have fun using the platform on your smartphone or any other device – something that was once only possible on high-powered trading stations. Download the app on your phone or install the version and start working like a true trading professional today. TradingView Desktop

A Week to Forget About Inflation

A bird in the hand may be worth two in the bush – but with TradingView’s and discounts of up to 60%, it’s the perfect time to grab those two avians once and for all. Use this chance to buy any subscription at the company’s lowest possible price: you can compare the features of each plan . Black Friday Sale here Don’t miss the unique opportunity to be part of the world’s largest community of traders – over 30 million monthly users – and gain access to all the features of the platform for more accurate market analysis and better trading results. Benefits of TradingView Premium Highest data accuracy and access to all markets 25 indicators per chart 8 charts in one layout 400 server-side alerts Second-based intervals 4 times more data on the charts (up to 20 thousand bars) The ability to publish invite-only scripts If you don't need all those features just yet, then there’s always the Pro and Pro+ subscriptions to consider too. Have an explore and find the plan that’s perfect for you. About TradingView TradingView is the planet’s largest social network for traders and investors, as well as a platform for analysis, charting, and trading. Chat with millions of traders from all over the world, discuss trade ideas and submit orders to exchanges. Have fun using our platform on your smartphone or any other device – something that was once only possible on high-powered trading stations. Download the app on your phone or install the TradingView Desktop version and start working like a true trading professional today.

The Most Anticipated Black Friday Sale of the Year is Here

Abhijoy and I have always been fascinated by the world of cryptocurrency trading, often wondering how our lives would shape out if we seriously considered trading as a vocation. - What are the tools or platforms we would use? - Would we require 3-4 screens for a more rewarding career? - Would we need to say goodbye to social life in order to day trade? While not seriously considering a career move, we did decide to take a dive into the murky waters of crypto trading to gain more insight into it. And what did we conclude? The high intensity world of day trading might seem alluring at first glance, but it needs the right set of skills, mindset and tools at your disposal to be successful. While you wouldn’t need to bid adieu to your friends and family or set up a high-tech workstation to day trade, you would definitely need a few basic tools to set up shop. The four types of platforms one would need are: A trading platform or exchange to execute trades Our Pick: FTX A charting platform to map out prices and technical analysis indicators Our Pick: TradingView A portfolio tracker and trade analysis platform to evaluate and improve trading performance Our Pick: Coin Market Manager A tax accounting platform to file for taxes on profits from trading Our Pick: Token Tax While you don't need multiple giant screens to day trade, you would definitely need a few tools at your disposal. You might ask as to why one would need specialised software for the last three items mentioned above when we have the good old MS Excel and the calculator at our disposal. Well, you can try and find out yourself. It is near impossible for high frequency day traders to separately do any kind of manual analysis. Reconciling hundreds of trades in a day is a whole new job in itself and is prone to human errors. This is why there are dedicated platforms that do this for you, so that you can focus on the thing at hand – day trading. We tried a few platforms ourselves in the pursuit of getting our hands dirty, getting a fair bit of experience in the process. So here are some key takeaways on the four platforms we used in our trading experiment. Trading Platform or Crypto Exchange – FTX is a relatively new cryptocurrency exchange which has shot up the ranks in a relatively short amount of time thanks to their innovative product offering. Backed by major players like Binance and Alameda Research, FTX is today consistently placed among the top 10 crypto and derivatives marketplaces. FTX FTX offers conventional spot trading and futures contracts on major cryptocurrencies, as is available in most of the top cryptocurrency exchanges. What sets FTX apart is the range of leverage tokens that FTX offers to users. Leverage trading is a feature that most prominent exchanges offer. Here, users can enter a short or long position with  exposure to a larger amount of capital than the actual funds they possess, depending on the ‘leverage’ chosen. Greater the leverage, greater the amount. This allows them to achieve a larger profit than what they would in simple spot trading. FTX offers a range of leveraged tokens, which have captured the imagination of crypto traders This is where FTX is unique – FTX provides a clean and simple way for users to get leverage, through different leverage tokens known as BULL, BEAR, HALF and HEDGE. These tokens automatically rebalance themselves to maintain target leverage and prevent liquidations. Not only can users get access to leverage trades through simple spot trading, but they can also remain free from the risk of liquidation no matter which way the market moves. FTX also supports fiat on-ramp, which is essential for crypto enthusiasts looking to make their first trade. Users can deposit major currencies such as USD, EUR, GBP and AUD through bank transfers. FTX additionally allows crypto purchases through credit cards, thus providing multiple fiat on-ramp experiences. Charting platform – TradingView has been a known and trusted name in the world of trading, providing advanced charting tools for traders to analyse market action, identify trends and maximize trading profits. TradingView What sets TradingView apart from other such tools available in the market is that TradingView has something in offer for both beginners and advanced traders. The interface is easy and intuitive enough for beginners, while the tools available are powerful enough for advanced chartists to accurately model the market sentiments. No installations or complex setups are required; TradingView provides the convenience of simple, browser-based charts. Their advanced cloud-based infrastructure and real-time data feeds enable users to do comprehensive research anytime, anywhere. TradingView’s simple and intuitive interface has made it a popular name among traders The platform comes with hundreds of pre-built studies, over 50 intelligent drawing tools, and over 10 types of charting tools for in-depth market analysis, allowing users to cover the most popular trading concepts. Novice traders can utilize simple concepts like trendlines and support/resistance levels, while advanced techniques like Fibonacci Retracement, Gann, Elliott Waves, Renko and Kagi charts, and so on, help expert traders gain insights into market behaviour and determine long term trends. TradingView provides users access to not only crypto markets, but other traditional markets as well. The platform is connected to hundreds of data feeds with access to stocks, futures, all major indices, precious metals, oil, forex, and CFDs. Apart from the charting interface, TradingView also has a social platform for traders and investors to discuss trades, strategies and latest events through real-time public chats. This also provides inexperienced traders with the opportunity to learn from their more experienced peers. Each user builds up a reputation based on the quality of content created. TradingView provides other features for an enhanced user experience, such as 25 indicators per chart and 8 charts per layout. Moreover, with individual watchlists, users can keep track of their favourite assets, stay updated with real-time price trends, and be the first to know about fast market moves. Portfolio Tracker & Trade Analysis Platform – Coin Market Manager (CMM) is a comprehensive crypto accounting tool solution for traders, specifically targeted towards active traders who are looking to make a career out of trading crypto. Through CMM’s performance analytics and journaling facilities, traders can analyse their trading habits and identify patterns to improve performance. Coin Market Manager CMM’s journaling facilities allow traders to maintain a detailed record of their trading performance, providing CMM an edge over other portfolio tracking apps. Users can analyse their performance over every historic interaction with each coin, and review how much profit has been made on each exchange. Trades from multiple crypto exchanges can be synced with CMM’s platform via read-only API keys by simply clicking the "Refresh Trades" button. CMM also lets users track their overall Rolling Profit/Loss summary on all their positions together as well as the individual market value of each coin in their portfolio, in both Bitcoin and USD terms. CMM’s USP is probably the support that they provide for a host of derivative crypto exchanges. Traders on popular derivative platforms such as BitMEX, FTX, Binance, Deribit and Bybit can simply plug in their read-only API for a complete overview of their derivative position performance and net worth in real time. Not only does this help traders keep track of all their positions (both leverage and spot) over all exchanges in one place, but it also allows them to break down and analyse their trades over multiple time frames. Coin Market Manager provides deep insights into trading activity, helping traders fine-tune performance and improve RoI CMM also provides a complete breakdown of all investments made on each exchange into individual trades. This is helpful for both new entrants, who might feel lost keeping track of investments over multiple exchanges, as well as seasoned traders, as they can analyze past trades to see what went right and what went wrong. Other features include using the “Fiat Summary” to track profit/loss against all the fiat that has been invested in the user’s native currency, converting non-BTC base pair trades to their BTC value (at the time of trade) for accurate portfolio accounting, and the ability to see the breakeven figure on live investments for a clear idea of how well their position is doing. Tax Accounting Platform – TokenTax is a tax accounting software that reconciles records from multiple platforms and generates tax reports ready for filing. In addition to the customary reconciliation and tax reporting tool, TokenTax also includes a Tax Loss Harvesting feature to offset gains for lower tax liability (more on that later). TokenTax The platform covers one of the largest sets of exchanges to import trade transactions from (including FTX). Margin and derivatives trading related taxes are supported as well. Decentralised exchanges like Uniswap and 1inch are supported too, allowing users to file taxes for DeFi transactions as well. This was not possible till very recently since most DEXes either didn’t have suitable APIs or the tax accounting platforms didn’t sync with them. Even if there’s an obscure exchange which is not supported on TokenTax, users can simply download their trade history CSV file from the exchange and upload it to their TokenTax account. The list of exchanges supported on TokenTax is quite comprehensive Tax filing is rather simple. Once you have signed up on TokenTax and completed your user profile, you can either upload your trade history CSV file or connect directly to an exchange account. This automatically imports the transaction history to the platform. Thereafter, the tax report can be generated in just two clicks - choose accounting method and download tax report. It’s that simple. Advanced users can also use TokenTax’s partner CPAs to file their full tax returns. An interesting feature on the platform is Tax Loss Harvesting, which can help users reduce their pending tax amount. More often than not, taxes on capital gains can be reduced by accounting for losses on other trades elsewhere. This is sometimes missed during tax calculation but is an effective way to offload heavy dues. The Tax Loss Harvesting dashboard on TokenTax shows which assets are currently being held at a loss and how much losses can be claimed for selling them. These losses can then be deducted from capital gains to reduce tax liability. To sum up, while day trading isn’t everyone’s cup of tea, if one does wish to practise it as a vocation, the right set of tools is necessary. It is crucial to constantly track and recalibrate strategies since the kind of volatility seen in crypto is rarely observed in most other markets. We found the above four platforms to be optimal for our experiments with day trading. Let us know if you use some other solutions for the same. What you like and what you don’t like about them. As always, Abhijoy and I are one “Hi” away on . Telegram Disclosure: The authors have no vested interest in any of the projects mentioned in the article. About the authors : is an Analog Design Engineer working at Texas Instruments. is a banker-turned-entrepreneur. They are high school friends who lost contact years ago. They reunited over crypto in early 2018 and have been investing through mutual research and shared knowledge. Rohit Chatterjee Abhijoy Sarkar

A Peek Into the Arsenal of Crypto Day Traders

This year, no one will go without a present – our Black Friday sale is fast approaching with discounts of up to 60%. From November 23 to December 1, you’ll have the opportunity to purchase a subscription at our lowest possible price, and – on top of that – this year you'll also have an extra month thrown in for free as well. This means you can get your hands on the web’s best charting and financial analysis tool at a  fraction of its usual cost. ‘What are the benefits of a subscription?’ we hear you ask. Well, a Premium plan includes: Highest data accuracy and access to all markets 25 indicators per chart 8 charts in one layout 400 server-side alerts Second-based intervals 4 times more data on the charts (up to 20 thousand bars) The ability to publish invite-only scripts If you are unsure which subscription to purchase, it’s best to compare plans . here It’s probably also worth pointing out at this point that, aside from the world-class charts, we now also , broadcasting, webinars, as well as recording videos about trading and investing. support live streaming A bit of background on us: TradingView’s the world’s largest and most active social network for traders and investors. Our platform lets you conduct technical analysis and watch trading recommendations for currency pairs, , stocks, bonds, and other instruments from professional traders. cryptocurrencies Whether you’re working with basic charts or when creating uber complex spreads, you can find the tools you need with us. At the same time, you can also chat with millions of traders from around the world, discuss trading ideas, and even submit orders to exchanges. All of this can be run on an iPad or similar device when once they took up vast workstations. Come check us out and, if you’re interested, now’s the time to get a plan, as our Black Friday offer expires December 1.

[Announcement] This Year's Black Friday Sale is Better Than Ever!

As the mainstream popularity of cryptocurrency trading grows, more and more people are looking for a way to casually get into it. Many realize the difficulties, as well as the risks of trading, thus trying to ease into the process without putting too much on the line right away. At this point, people tend to come across the term “trading bots”. This isn’t a particularly new concept, as automated trading has been used in various markets for a while now. But what does the term “bot” mean in the cryptocurrency context? Trading bots are programs that use certain trading algorithms and scripts to analyze and recognize trends in the market which in turn allows them to execute timely profitable trades on your behalf. This basically lets you trade Bitcoin or any other cryptocurrency just like you would on, for example, Forex, using an automated trading system. It is advised to do some research before diving into this trading with bots, as not knowing what you’re doing can only hurt your future profits. Crypto trading bots are also capable of accomplishing menial tasks, such as portfolio management and index construction, which makes your trading experience smoother, requiring your attention only when it is truly needed. Now that we’ve quickly clarified what trading bots are, we have to cover the available options for trading platforms. You shouldn’t rush when picking the platform that you think fits you the most, however, as there are many factors that you should be aware of, for example, the approval or disapproval of bots on various exchanges. It should be noted that recently quite a few exchanges have added futures trading on their platform which is a huge step towards sustainable bot trading as it allows to profit from both, growing and falling markets by taking long and short positions. Common features of Crypto trading bots Backtesting Strategy Implementation Execution Job scheduler #1 Backtesting Backtesting means the testing of a strategy or algorithm utilized by a bot on historic market data. The results are dependent on how realistic the backtesting is. This realistic factor can be improved by paying attention to things like trading fees and slippage. It is recommended to make use of exchange APIs, as they can help you collect market data more easily. #2 Strategy Implementation Arguably the most crucial factor that you must take care of is implementing the right trading strategy. This consists of you telling the bot what calculations and algorithms to execute to decide what cryptocurrency to trade and at what point in time. It is, of course, highly advised to backtest your strategy until you’re content with the result. #3 Execution After you’ve backtested your strategy, it is time to move on to executing it. The bot will begin sending API requests, which are basically the calculations and logic that you taught it to execute, to the exchange. #4 Job Scheduler After executing your strategy all that’s really left to do is to set it and forget it. By setting up a job scheduler your bot will execute the trades it deems profitable automatically. When should you use crypto trading bots? As mentioned previously, trading bots are great at automating menial and repetitive tasks. They can practically do anything from the aforementioned portfolio management to market data collection and smart order routing. Of course, what it does depends on the user. Automating everything, however, is not a good idea, as you’ll spend more time on managing all the bots than if you had done the tasks yourself. This means that you should only really focus on automating the tasks that you spend the most time on and that consists of the same set of actions. Infrequent and straightforward tasks should be left to your own attention. So this begs the question – what exactly should you do with bots to improve your trading? #1 Repetitive Tasks Once again, trading bots can help you to greatly cut down the time you spend completing repetitive tasks. The main one people tend to face is portfolio management, especially portfolio rebalancing. Coding a bot to do so is not difficult and it will save you a lot of time and energy. #2 Timing Carefully observing the market and properly timing a trade can be extremely painful, especially when you have to do it multiple times a day. And in certain situations being accurate when trading can simply not be feasible. This is where trading bots come in. Coding the bot to analyze the market and trade at the most advantageous time will yield much more profitable results than doing it manually. #3 Day trading can be a full-time job Most people don’t have the time to constantly analyze the market and the price charts, so a pair of helping hands wouldn’t hurt. The automation of various processes can increase your productivity, as well as your profit when trading. #4 Keeping up with the market The market never stays still, nor does it wait for people to catch up. A great opportunity can pass you by simply because you aren’t around to make use of it. Unlike people, however, bots can operate around the clock. This allows you to make trades almost twice as frequently when compared to trading without a bot. This, coupled with the fact that the bot picks profitable trades, means that you should expect a sizable increase in your earnings. #5 Simplifying complications While bots can certainly help you with boring and tedious tasks, they can also make your life easier when dealing with tasks that are seemingly simple in theory but difficult in practice. Something that falls into that criteria is smart-order routing. It is essentially the process of finding the best price across various exchanges and routing trades through trading pairs, all of which are executed in a set amount of time. Keeping track of all the conditions and executing it at the right time can be very difficult but even this can be automated by a trading bot. Top 5 automated trading platforms (add small description) 1. Wunderbit Trading Pro trading terminal Multiple account management TV alert automation (for both studies and strategies) Copy-trading Free forever Futures trading: , , , FTX Deribit Bybit Binance 2. TradeSanta Grid and DCA bots Free (up to 3k/month) Ready to use bots 3. 3commas From $29 per month Smart terminal Bots (DCA, Grip, simple) Futures available on $99 plan 4. Cryptohopper Automatic trading Exchange arbitrage Mirror trading Backtesting Manual trading from Free, automated from $19 per month 5. HaasOnline Advanced trading Complete privacy Famous HaasBots Backtesting & Paper trading Visual algo designer and Editor From 0.028 BTC per 3 month Evaluation points If, after looking over the trading bot use cases, you are interested in getting a bot, then you should know what to look for when picking out a bot. Credibility of the bot A bot’s credibility tends to come from its age, as in how long traders have been using it for. Older bots tend to be more trustable rather than newer ones, as it is possible to be scammed by malicious bots taking advantage of your tokens. Bots that have been around for a while would have been tested by multiple people, thus giving it its credibility. This doesn’t mean that you shouldn’t try new bots at all, it is simply advised to pay attention to your tokens and only allow the bot to handle a small amount of them at first. Community opinion The crypto trading community is quite active online, so most bots have plenty of reviews from both average traders and more experienced and well-versed bot users. People may have different experiences with varying complaints but we especially pay close attention to overlapping problems. However, a serious bot issue in one person’s eyes may not even be a concern in another’s. It’s important to understand what the most valuable features of a bot are in your case and what features can be omitted so that you don’t end up chasing after bots that have close to no criticisms. Exchanges Bots tend not to support every known exchange, most only work with a set amount. Therefore, you should first figure out which bots are allowed on the exchanges you prefer to use before actually downloading one. If you, however, are really interested in a bot but it is not allowed on your preferred exchange, you might want to open up new accounts in order to try it. Price Price can be a major factor when picking out a crypto trading bot, especially if you’re new to trading as a whole. Some bots require a one-time payment, others offer a subscription plan, and a sizable amount is free. The free ones tend to offer less useful features but if you’re only starting out and don’t want to spend too much on something you’re not sure you’ll use, they are very much viable options. Functionality There are a plethora of bots to choose from but if you’re not too experienced with them it’s best to look for easy to use and are not too jam-packed with features. Once again, this depends on your needs but it is recommended to find out whether the bot supports multiple platforms, such as Android or iPhone, whether it can be used offline and how easy it is for the average trader. The configurability and adaptability of a bot to certain market conditions are a few of its most crucial aspects. For some users, it might be best to choose a bot that is able to quickly adapt to different market states, while others may opt for a more manual approach of coding in strategies of operation. Arguably, the most important part of a trading bot is its security. For trading bots to operate they must have access to your assets, and with your assets not being secure, using a bot may be more detrimental than helpful. It is crucial to pay attention to what information your bot wants access to, especially when it’s a new and unknown one. If the bot wants access to something it shouldn’t need, such as the ability to withdraw assets or funds, then it’s better to rethink your choice. One sign of a good bot is how well its creators interact with and support customers. A bot with minimal or no customer service at all most likely does not care about their customers, so it might not care what happens to your funds either, or in some cases, it might just want to steal them outright. It’s best to trust a platform that makes every effort to support and assist its customers. Profits While bots will help you organize yourself better when trading and may increase your profits, however, nothing is truly guaranteed in the trading world. It is ultimately up to you, how you utilize these tools to increase your returns and come out on top. Conclusions Bot trading is a highly efficient way of trading, it has some limitations but can be highly profitable. One of the easiest ways to start profitable trading with bots is to use TradingView platform for strategy code and backtesting and to link it with Wunderbit Trading for strategy alert automation. Thus, giving you a free way to start trading with bots on a PRO level. You can also find free TradingView bots that are profitable in this . Youtube channel

Crypto-Trading Bots: An Overview

Financial crises are like human fingerprints – they may look the same and yet under ultraviolet light, there are very dramatic differences. The reality is, every crisis differs in its nature and intensity and will require a different action plan. Types of crisis distinguish two types of crises: those classified using strictly quantitative definitions; and those dependent largely on qualitative and judgmental analysis. The first group mainly includes currency and sudden stop crises and the second group contains debt and banking crises. Reinhart and Rogoff (2009a) However, this year we became aware of a new type of financial disruption caused “voluntarily” to stop the expansion of the coronavirus, and not as a consequence of serious imbalances in the economy such as those in 2008 (real estate-credit bubble, deficit foreign, over-indebtedness of the private sector, etc.). In principle, this means that if the activity slowdown does not continue too long, the economy could recover relatively quickly once the current restrictions are lifted. Similarities between the current and previous crises According to , a financial crisis is often associated with one or more of the following phenomena: the IMF Substantial changes in credit volume and asset prices Severe disruptions in financial intermediation and the 5 supply of external financing to various actors in the economy Large scale balance sheet problems (of firms, households, financial intermediaries and sovereigns) Large-scale government support (in the form of liquidity support and recapitalization). Despite the fact that the current recession has been accompanied or triggered by government actions, we did observe all of the previously mentioned criteria. But one thing deserves special attention: junk bond funds registered record $ 7 billion in cash inflows. According to , the volume of corporate debt reached an all-time high in real terms of USD 13.5 trillion at the end of 2019, driven by the return of more expansionary monetary policies early in the year. At the same time, the overall quality of corporate debt has declined. the OECD report One of the scariest charts for the financial sector today - the US credit market grew from $ 2 trillion in 2008 to $ 7 trillion in 2020. One of the biggest contributors to this growth was BBB-rated corporate bonds. The fall of the US economy into recession = a huge mass of BBB can lose its rating and turn into “junk” bonds = disaster. As well noted by , regulators are worried about how much banks are vulnerable to debt rated just above junk. If, as expected, the crisis leads to widespread downgrades of this debt by rating agencies, investment funds run by banks would be forced to dump the assets at fire-sale prices because they are not allowed to own junk bonds. NYTimes On the other hand, finding buyers for so-called fallen angels could be a difficult task. Downgrades by S&P and Moody’s last month sent $36bn of debt back into junk territory. BofA warns that the total for the year could reach $ . Citigroup, in turn, says that $200 billion to $300 billion could get downgraded just this year, at least doubling the prior single-year record from 2002. 200bn Finding growth in tough global conditions Nevertheless, it doesn’t mean that every company is in the same situation. There is no doubt that coronavirus has affected peoples' buying habits, due to universal quarantine. Even though, they are still willing to consume. Over the last couple of months, a small group of companies registered a record inflow of new customers. First place, obviously, went to retailers, including pharmacies and grocery stores. CVS Pharmacy Due to an influx in orders, CVS Pharmacy announced it is currently looking to fill a total of 50,000 full-time, part-time and temporary positions nationwide, including "store associates, home delivery drivers, distribution center employees, and member/customer service professionals." Most importantly, the company will utilize a technology-enabled hiring process that includes virtual job fairs, virtual interviews, and virtual job tryouts. Amazon The second place on our makeshift list goes to Amazon, one of the few businesses to show growth on the year to date basis. Its sales have registered an unprecedented boom, as people all over the world are limited to online shopping. In this context, the company 100,000 people nationwide for full-time and part-time roles in Amazon's delivery network and at its fulfillment centers. announced its plan to hire "We also know many people have been economically impacted as jobs in areas like hospitality, restaurants, and travel are lost or furloughed as part of this crisis," the company said in a on its website. "We want those people to know we welcome them on our teams until things return to normal and their past employer is able to bring them back." statement Some other companies that are Walmart (plans to ), Instacart (300,000 positions), Albertsons Companies (looking for 30,000 new employees), Dollar General (plans to add up to ), PepsiCo ( full-time, frontline employees), Papa John's ( to hire 20,000 new "restaurant team members") and Domino's (plans to hire 10,000 employees). The list does not end there, however. started the recruiting process hire 150,000 workers 50,000 employees wants to hire 6,000 announced plans ...and what my employer, TradingView, is seeing We are a financial platform dedicated to the development of advanced charting and trading technology, as well as the host of a global trading community that shares ideas across multiple mediums (research, video, chat) discussing global markets and assets. In less than two months, we have moved from TOP 300 to TOP 200 global websites, according to Alexa rankings. Such outstanding growth may be explained by the fact that Tradingview provides straightforward access to market information, alongside the analysis tools that allow understanding of what is going on. Another possible explanation can be our recently launched so that users worldwide can visualize the rate of infections, deaths, and recoveries. COVID-19 charts Overall, this data, together with a high range of technical analysis tools, helps others understand the spread of the virus and its economic impact, thus adjusting their investment strategies accordingly. Disclosure: The author works at TradingView .

Which Sectors See Growth During Adverse Global Conditions?

Over the last few months, we have seen major growth of interest in Bitcoin. Tesla, Mastercard, Visa, PayPal, Apple Pay, Uber, Amazon, General Motors, Twitter, and Oracle – all of them began talking about crypto integration as a payment method. The argument is simple - the current financial system is outdated and the future is where transactions will be completed in seconds, not days. even said that cryptocurrencies have already shown their full potential, and the participation of classic companies from the world of finance in the cryptocurrency market has already become an established trend that will continue to grow. JPMorgan Mastercard as well as Tesla went even further disclosing their plan to offer support for some cryptocurrencies, joining a string of big-ticket firms that have pledged similar support. Asset manager BlackRock Inc and payments Companies Square and PayPal have also recently backed cryptocurrencies. What does mass adoption mean? Without any doubt, it is a huge step for the crypto industry in terms of mass adoption. At the same time, it is a humongous step towards centralization and loss of anonymity. One of the main benefits of cryptocurrencies was the possibility to the watchful eye of state actors, powerful corporations, hackers, and others who might be well-positioned to build a dossier of one's activities. avoid It is also true that due to the lack of regulation, crypto users are not able to earn interest, basic consumer protection, and the absence of legal infrastructure for adjudicating disputes. On the other hand, that is the cost of privacy protection. Clearly, governments don’t want to lose control over money flow. Big brother simply can’t allow it. As a result, regulators pressure cryptocurrency exchanges to drop privacy-enhancing tokens such as Monero. Back in 2018, the G20 leaders resolved to “regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards.” Thus, we have reached an impasse, with institutions demanding control and countenancing surveillance at one extreme, and cyberlibertarians demanding privacy at the expense of regulation at the other. The future of anonymity Unfortunately, it looks like libertarians will lose again. Overall, the issue is not so much in governments’ desire for control but the foolishness of the crypto community itself. For years, they were praying for institutional money and as it comes the FED turns its hard eye on the industry. One doesn’t need to be an oracle to say what is going to happen next – regulation and the following taxation. The only solution would be not to cash out bitcoins or any other cryptocurrency and use different types of anonymizers, but most probably, those will be prosecuted. What comes after mass adoption? Either way, I believe this part of the story is quite clear, so let’s move to the next question and the reason you decided to read this article – what comes next after mass adoption? The approval of crypto ETFs. Not so long ago, Canada's financial regulator the first publicly traded bitcoin ETF in North America. The Purpose ETF will trade on the Toronto stock exchange. approved Bitcoin In this context, many expect the US SEC to follow in Canada's footsteps. Indeed, Donnelley Financial Solutions for registration of NYDIG Bitcoin ETF under the Securities Act of 1933. The initial Authorized Participant is Morgan Stanley & Co. LLC. It will be interesting to see what happens as for now, all the attempts failed. applied Where will Bitcoin go? Talking about the price of Bitcoin, 96% are long as good news continues to push the quote up to the skies. As always, projects are around $100,000 per coin. In reality, it’s hard to say what will happen next as the market cap of the crypto industry is relatively low, and the right attitude with the right volumes could do anything, from the new pump to the burst of the bubble. If that is what crypto now stands for – money – we could officially say that Satoshi Nakamoto's creation has become part of the financial system it was supposed to fight.

Bitcoin On The Brink of Mass Adoption. Whither Next?

Crypto is here, crypto is there, crypto soon will be everywhere. The only problem is that the larger the industry, the greater attention from regulators. Over the last few years, almost every central bank had something to say about crypto. In most cases, they referred to the risks of investing in digital assets, warning that no legal recourse would be available to crypto investors in the event of a loss. Many AML/CFT authorities developed or adapted regulation to apply to certain types of crypto assets, with the Financial Action Task Force (FATF) updating its standards to cover virtual assets and virtual asset service providers in 2018. The Swiss FINMA, MAS, and UK FCA have issued high-level guidance on the treatment of crypto assets in order to help identify whether existing legislation and regulations apply to them. didn´t want to collaborate with the emerging industry, imposing restrictions on investments in cryptocurrencies. Their reasoning was that cryptocurrencies are mainly issued for illegal activities, such as money laundering and terrorism. Others Additionally, they required banks and other financial institutions that facilitate such markets to conduct all the due diligence requirements imposed under such laws. Algeria, Bolivia, Morocco, Nepal, Pakistan, and Vietnam, for example, banned all activities involving cryptocurrencies. China, Macau, and Pakistan, on the other hand, banned ICOs. It is also true that some jurisdictions saw an opportunity in the crypto industry. While not recognizing cryptocurrencies as legal tender, they saw a potential in the technology behind it and began developing a cryptocurrency-friendly regulatory regime as a means to attract investment. Why so much attention to a considerably small crypto industry? , the government wants to regulate digital currencies to: Officially Stop Money Laundering and Fraud Prevent Illegal Activities Stop Terrorism Provide a Trustworthy Infrastructure to the Citizens Gain Authority Over the Cryptocurrencies In reality, most of the points do not stand up to closer examination. Not to waste the reader´s time, it´s enough with mentioning that the blockchain is a system built on foundations of mutual mistrust. And that´s exactly what makes it trustworthy, the absence of centralization. Cryptographic hash links and distributed consensus mechanisms ensure that the data stored on an immutable blockchain can not be altered or deleted. If we try to understand the real reason behind this "witch hunt" is that governments want to expand the reach of their financial surveillance and get rid of privacy protections. The DOJ even said that have to register with FinCEN and have to “collect and maintain customer and transactional data” or else be subject to civil and criminal penalties. How decentralized they will be then... DECENTRALIZED EXCHANGES 2020 - The year of mass crypto-adoption? Whilst most of the world has been dealing with the negative consequences of the Covid-19 pandemic, 2020 was a great year for Bitcoin as well as the industry itself. Numerous investment sharks even started calling Bitcoin an inflation hedge instrument, especially in the context of trillion stimulus packages. Wall Street from Paul Tudor Jones to Stanley Druckenmiller blessed it as an alternative asset. And companies like MicroStrategy Inc. and Square Inc. moved cash reserves into crypto in search of better returns than near-zero interest rates deliver. veterans Sounds promising, doesn't it? Maybe, but there is one serious problem. People forget about Bitcoin origins. It was supposed to be an alternative to fiat currencies, to fight against “the Big Brother”. Instead, everyone is talking about institutional investors’ money and that Bitcoin is the new gold. Could you imagine Satoshi Nakamoto expecting his creature to be legalized one day and serving for the good of the government? That sounds insane, but the reality is disappointing. Better it goes, closer attention from regulators At the same time as is gaining momentum, it is also capturing greater attention from regulators. Clearly, Central Banks see a threat in the Crypto industry and they don’t want to lose control over money flows. The only thing is that it isn’t that easy to ban something decentralized, something that has no central control. Bitcoin The question now is if there will be a tighter regulation with Biden in the White House. Janet Yellen, new Treasury Secretary, already called cryptocurrencies “a particular concern”. The UK’s Financial Conduct Authority and the president of the European Central Bank also called for more stringent regulatory scrutiny for cryptocurrencies, alleging to the extreme volatility and criminal activity often associated with the market. Europol that DarkMarket operated on the hidden part of the internet known as the dark web and had been used by 2,400 vendors to sell drugs worth more than €140m using cryptocurrencies including bitcoin and monero. said Will regulations kill Bitcoin? According to the “The Impact of Cryptocurrency Regulation on Trading Markets”, for dozens of regulatory actions concerning a wide variety of subjects in six major jurisdictions, no evidence was found that these regulations either attract or repeal traders to the jurisdiction. Neither it has been discovered that national-level regulation affects global trading volume. study Thus, authors believe that imposing new regulations on cryptocurrencies will not lead to capital flight. Cryptocurrencies are bought and sold on exchanges across the globe, so traders can simply change exchanges. In this context, some argue that governments should allow emerging technologies to develop unimpeded – and that attempts to regulate cryptocurrencies would simply push their exchanges, investment managers, and surrounding firms in their rich ecosystem offshore to more laissez-faire jurisdictions. If u Lose, U Can Guide! Governments don’t like losing money and the lack of regulation doesn’t allow them to charge capital gains from crypto profits. What is the solution? Introduce new taxes. Earlier this month, it will begin taxing crypto benefits 20 percent, from both buying and selling, beginning in 2023. The U.S. Internal Revenue Service (IRS) treats Bitcoin as property rather than a currency for federal tax purposes. People who engage in Bitcoin mining are also subject to U.S. taxation. South Korea announced In the case of the EU, in 2015, the (ECJ) declared that Bitcoin transactions “are exempt from VAT (value-added tax) under the provision concerning transactions relating to currency, banknotes, and coins used as legal tender.” Thus, according to the ECJ, Bitcoin is a currency and not property. European Court of Justice In Japan, Bitcoin is officially considered a payment method. The sale of Bitcoin is exempted from consumption tax as of 1st of July 2017. A brief history of capital gains tax Back in 1921, the United States was to pay off World War I debts; inflation was high, as was unemployment. In other words, the country was in the midst of a depression. Post-war income taxpayers, wearied of war sacrifices, blamed the income tax system, which caused capital to flow into tax-exempt securities instead of industry. To be more precise, to meet the increased need for revenue, Congress enacted a variety of taxes, including numerous excise taxes, an excess profits tax, a capital stock tax, and, most importantly, an ever-expanding income tax. struggling On August 14, 1914, the Treasury issued a private letter stating that gain from the sale of securities by a beneficiary of a will was taxable. In December of that year, an official Treasury decision required taxation of profits from the sale of real estate. In the Revenue Act of 1916, Congress had intended to tax stock dividends as income, but failed because “such taxation was unconstitutional under the sixteenth amendment.” Additionally, politics provided strong reasons to uphold the taxability of capital gains. Since the Pollock decision in 1895 the Court and Congress had been at odds over the extent of congressional power in the taxing area. In 1919, the Treasury finally promulgated a regulation providing that income included "gains derived from the sale or other disposition of capital assets." By 1920, the Bureau of Internal Revenue had already been treating capital gains as income for several years. In summary, the Supreme Court made its capital gains decision in the context of a post-war country in the midst of a depression. Conclusion There is almost no doubt that sooner or later the mast majority of regulators will turn their eye on the cryptocurrency industry. Clearly, central banks don´t want any competitors in their space, which is why they began announcing so-called CBDCs. They want to get rid of privacy and anonymity, thus we will continue to see attempts to expand the reach of their financial surveillance and get rid of privacy protections.

Crypto: Sooner or Later Will Come Regulator

There are two types of viruses: computer and biological ones. Neither of them brings happiness to those who have been affected. However, they do leave an important mark, and in some cases, the negative effects can last years or even trigger new issues. For example, the coronavirus pandemic has not only caused health issues but also lead us to a new financial crisis. It might have seen as one the shortest for financial markets but we shouldn’t be so naive. First thing first, was a result not so much of a good epidemiological situation, but monetary instruments implemented by the world's most influential central banks. indices recovery The only problem is that they also have their own price. Here we need to plant the first question: Who will pay for the Covid crisis bailout? The answer is very simple – we will. Despite the fact that are near record highs, there are still millions of people who weren’t able to recover their jobs. Thousands of companies were closed and most probably will never open again. markets Based on a 9.2% unemployment rate in the fourth quarter of 2020, the initially predicted that bankruptcies would finish the year with a 140% increase YoY. It is estimated that U.S. corporations owed $10.5 trillion to creditors earlier this year, a number 30 times higher than it was half a century ago. researchers Bankruptcy filings slow down? It is also important to mention that company filing for Chapter 11 – doesn’t necessarily mean it will disappear. Instead, bigger companies usually do it to restructure and settle on new repayment terms for their debts so they can remain open. Unfortunately, small and medium-sized enterprises can’t normally afford it. For now, it may look like U.S. bankruptcy filings have slowed but once again, we shouldn’t be so naive, the bang is yet to come. Most of the companies that should have disappeared from the tax agency radar due to the business close down have simply reincarnated into zombie companies. Just like the movie “brain eaters” they are neither dead nor alive. The amount of the debt on their balances is so high that any cash generated is being used to pay off the interest on the debt. Thus, the company can’t grow as it doesn’t have spare funds to invest. This, in turn, means it can’t employ more people. To be fair, this problem is not new, it has been with us for years and the reason is – cheap loans due to low-interest rates. Zombie companies Many of the zombie companies survive by issuing new debt that will allow funding operating losses and interest payments. If you ask which sectors are on the radar, unfortunately, there won’t be a clear answer. Basically, every sector is at risk, from entertainment to retail and beverage. The situation is only getting worse with additional lockdowns. It is also true that some companies do earn from the situation, especially IT businesses, but even they could eventually suffer if the global economy enters into a new crisis, and this is not a scary tale. Who else borrowed during the Covid-19? But companies are not the only ones who fell into debt distress. , emerging market governments issued $124 billion in hard currency debt during the first six months of 2020, with two-thirds of the borrowing coming in the second quarter. According to the IMF The US public debt, on the other hand, hit a peak not reached since World War II. The borrowed a net 36.1 billion pounds ($47.1 billion) in September, pushing the total for the first six months of the year to 208.5 billion pounds. UK government That’s the highest figure since records began in 1993. The in the average debt ratio in the euro area is estimated to be over 15%, bringing it over 100%. It will climb by about 20% in France and about 30% in Italy and Spain. And that is obviously not the end… increase What are the solutions? In this context, the government will have to find ways to repay these amounts of debt, something that won’t be easily achieved. One of the options could be to impose monumental tax increases. And where all the pressure will come at? As always at the middle-class, and there is no doubt about that. Just like tariffs on Chinese products were paid by US customers. In the end, the tone of the debt will cause future deficits and will hit the financial strength almost of every economy. Even the U.S. could have to face paying much more in interest than previously forecast. Thus, this money won’t go to hire teachers or paying for hospital stays for the elderly. McKinsey researchers also that governments will have to optimize revenue streams and contain some public spending. They also believe that using only tax increases to fund the deficit would raise taxation by 50 percent, which would hurt taxpayers, limit corporate investment, and reduce national competitiveness. suggest The crazy thing is that Americans about the deficit than they have been in recent years. The study suggests that just under half of U.S. adults (47%) called the deficit “a very big problem” in the country today – down from 55% in the fall of 2018. appear not to be very concerned C'est fini la comédie In conclusion, it is clear that taken efforts to resolve current problems just postpone the ultimate consequences until sometime in the future. If countries continue to increase their debt levels, they could have trouble raising cash at affordable rates. Other consequences could be depressed economic output and increased risk of a fiscal crisis. Having said that, despite the fact that markets are the situation is far from being the best and real consequences might yet to come… over positive

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