Portugal’s parliament, Assembleia da República, has rejected two bills that sought to tax cryptocurrencies. Livre and Bloco, two Portuguese left-wing parties, proposed the bills. However, both parties had little representation in Congress. The ruling Socialist Party, which holds the majority of seats in the legislative assembly, has not yet submitted any bill. This news comes on the heels of Portugal’s Minister of Finance, Fernando Medina, announcing that cryptos will be subject to taxation soon. Explaining the need for crypto taxation,…
Tag: Pump & Dump
A Beginner’s Guide to Understanding the Law of Supply and Demand in Cryptocurrencies
Cryptocurrencies are units of exchange, and they hold value because people decide that they do. While any other currency or asset type does not back others like Bitcoin, stablecoins are backed by such currencies or assets to stabilize them against the highly volatile nature of the digital currency. According to the law of demand, all other factors withstanding, highly-priced resources have less need. Similarly, the law of supply states that the quantity supplied is directly proportional to the price. Therefore,…
2 years ago 
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What are Cryptocurrency Pumps and Dumps?
Pump and dump schemes are quite common in the microcap stock market and are now making their way into the cryptocurrency industry. Although these schemes provide an excellent way of making some quick profit, they are quite risky. New crypto investors don't know much about these schemes and often fall prey to the scams. Trading in cryptos is already risky as it is, and therefore, it helps to know what to avoid and how. In this article, we will delve…
2 years ago 733
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