Article overview
Amdax Guide
Investing in bitcoin: which strategy works best?
Suppose you have a substantial amount of money available to invest in bitcoin. Is it a good choice to invest the entire amount at once, hoping for the best? Or are you better off spreading the amount over a longer period, gradually building up your portfolio? We looked into it.
Amdax Guide
Ordinals and inscriptions: NFTs on bitcoin
It has been restless in the bitcoin world in recent weeks. Not because of the price differences, but because of the introduction of digital objects on the bitcoin network such as images, moving images, and audio files. This is made possible by a new protocol, which the terms ordinals and inscriptions refer to.
Amdax Guide
Is bitcoin bad for the environment, or is it not?
Mining bitcoin requires computing power, so bitcoin consumes energy. Therefore, is bitcoin harmful to the environment? Some argue it is. Is that justified? Even though bitcoin consumes a lot of energy, it is also an exceptional electricity consumer.
Amdax Guide
Ethereum after The Merge: what's on the agenda for 2023
2022 has ended. A nice moment to look back at the year of Ethereum and look forward to what's on the agenda. Because while the past year was overshadowed by collapsed protocols and fallen crypto companies, the flawless execution of the Ethereum Merge was a great success.
Amdax Guide
Bitcoin more efficient, better connected, and safer after update.
Innovations are a process of adjustments and improvements. This also applies to bitcoin as a technology. Recently, bitcoin developers made a change called Erlay that improved the way transactions are transmitted. The result? 40 percent less data traffic, a better connected network, and increased security.
Amdax Guide
Income tax: this is how you report cryptocurrency holdings.
The regulation surrounding crypto is constantly evolving. We are often asked about the exact implications of cryptocurrency on tax returns. How do I correctly declare my crypto assets? What if I forgot to do so in the past? And can this be done retroactively?
Amdax Guide
5 crypto lessons of 2022
2022 was a tumultuous year for crypto, with highs and lows. The Ethereum Merge was a success but was overshadowed by the protocols and parties that collapsed one after another, with the FTX debacle as the low point. At Amdax, we are not discouraged. Important lessons follow from the lows of 2022, forming the basis for a better 2023.
Amdax Guide
Adoption of the Bitcoin Lightning Network is increasing
The payment network developed to carry out fast and cheap Bitcoin transactions is increasingly being supported. Thanks to exchanges that have recently started supporting the network, the capacity of the payment network has increased to over 5000 BTC, according to research firm Arcane.
Amdax Guide
Processing power on bitcoin network reaches record highs
The processing power on the bitcoin network is higher than it’s ever been, which has led the difficulty of mining bitcoin to be increased by 14%.
Amdax Guide
3 ways to securely store your crypto assets
You probably haven’t missed the downfall of crypto exchange FTX. At least one billion dollars of customer deposits have “vanished”, which has significantly damaged the crypto sector’s reputation.
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What happens next after The Merge?
Last Thursday, the long-awaited Merge was finally implemented. With this update, Ethereum has transitioned from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS).
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US researching crypto regulation
Last March, President Joe Biden called on multiple government agencies to research the role of crypto assets in the American financial system with an executive order. An often discussed point is the energy usage of this sector. The Office of Science and Technology Policy (OSTP) is one of the agencies that is conducting this research, and they shared their first results last week.
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Dutch Ministry of Finance starts “Smart in Crypto” campaign
Last Monday, the Dutch Ministry of Finance launched the “Smart in Crypto” marketing campaign. The website and social media videos warn against high expectations and pitfalls when investing in crypto assets.
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Institutional parties researching possibilities in crypto-friendly South Korea
ast week held some positive crypto-related announcements from South Korea. Seven large South Korean companies, among which Samsung and Mirae Asset Securities, are working on launching their own crypto asset exchange. The five other companies weren’t named explicitly in the reporting from local news source NewsPim.
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Metaverse shines during MTV Video Music Awards
The theme “Metaverse” kept popping up during the recent yearly Video Music Awards (VMAs), hosted by television broadcaster MTV. This term refers to the internet as a digital space where 3D worlds are created to connect people, often using virtual or augmented reality (VR and AR). This year marked the first time a prize was issued for the “Best Metaverse Performance” category. The South Korean girl band Blackpink won the prize, and beat out superstars like Justin Bieber and Ariana Grande.
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Metaverse shines during MTV Video Music Awards
The theme “Metaverse” kept popping up during the recent yearly Video Music Awards (VMAs), hosted by television broadcaster MTV. This term refers to the internet as a digital space where 3D worlds are created to connect people, often using virtual or augmented reality (VR and AR). This year marked the first time a prize was issued for the “Best Metaverse Performance” category. The South Korean girl band Blackpink won the prize, and beat out superstars like Justin Bieber and Ariana Grande.
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