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Earn $5,850 Per Day With Ripple (XRP) Starting Bitcoin Mining Machines
As times have changed, so have people’s attitudes towards energy. They rely on renewable energy sources such as solar and wind to power their new energy cloud mining operations, which greatly reduces the cost of mining and integrates power from surplus energy into the grid. It not only saves a lot of energy consumption, but also generates high profits and opens investors’ eyes to new energy opportunities. In the fast-paced world of cryptocurrency, simplicity and profitability are key. For beginners looking for an attractive option to generate a steady income with minimal effort, cloud mining offers an attractive option. In this article, we’ll explore the concept of cloud mining, featuring AEON MINING as a leading brand in cloud mining, and ways to help you get started earning $5,850 or more per day.
The appeal of new energy cloud mining
Cloud mining has long been a favourite among cryptocurrency enthusiasts due to its ease of use and accessibility. Unlike traditional mining, it doesn’t require expensive hardware, technical expertise or constant monitoring. Cloud mining simplifies the process and allows anyone (regardless of experience) to participate in the cryptocurrency revolution. Instead of investing in expensive mining equipment and managing complex setups, users can rent mining arithmetic from remote data centres and receive a share of the profits generated.
AEON MINING: where laziness and profit collide
AEON MNING takes the simplicity of cloud mining to the highest level, making it perfect for novices. The platform’s user-friendly interface ensures easy navigation even for cryptocurrency newbies. For AEON MINING, laziness is not a disadvantage; it is the path to success. As a pioneer in providing cloud mining services, AEON MINING has 20 mining farms around the world with more than 500,000 mining devices, all powered by new and renewable cycles of energy, and has earned the recognition and support of more than 6.3 million users thanks to its stable income and security.
Unimaginable earning opportunities
What sets AEON MINING apart is its extraordinary daily passive income, which offers the opportunity to earn $5,850 or more per day, enabling users to realise their dream of becoming rich online. Imagine earning a substantial income without constant effort or complicated setups – that’s what AEON MINING offers.
Security and Sustainability
In the world of mining, trust and security are crucial, AEON MINING understands this and puts the safety of its users first, AEON MINING is committed to transparency and legitimacy, ensuring that your investment is protected and allowing you to focus on making a profit. All mines use clean energy power, making cloud mining join the ranks of the carbon neutral. Renewable energy protects the environment from pollution and delivers superb returns, allowing every investor to enjoy the opportunity and the benefits.
Platform Advantage:
Get $10 instant bonus when you sign up.
High profitability levels and daily payouts.
No other service or management fees.
The platform uses more than 9 cryptocurrencies such as DOGE, BTC, ETH, SOL, USDC, USDT, XRP, LTC, BCH. for settlements
The company’s affiliate programme allows you to refer your friends and get up to $3,000 referral bonus.
McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 human technical online support.
Step 1: Sign up for an account
In this example, we have chosen AEON MINING as our cloud mining provider. Go to the provider of your choice and register to create a new account.AEON MINING offers a simple registration process, all that is required to participate is to enter your email address and create an account. After signing up, users can start mining Bitcoin and other cryptocurrencies immediately.
Step 2: Purchase a Mining Contract
Currently, AEON MINING also offers a variety of mining contract options, such as $100, $500 and $1,000 contracts. Each contract has a unique ROI and a specific contract term.
You can earn more passive income by participating in the following contracts:
Earnings are available the next day after purchasing a contract, and when earnings reach $100, you can choose to withdraw to your crypto wallet or continue purchasing other contracts.
Affiliate Programme
Now, AEON MINING has also launched an affiliate programme, which is a platform where you can earn money by recommending the site to others. You can start earning money even if you don’t invest. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $3,000. With unlimited referrals, your earning potential is also unlimited!
In short
If you’re looking for ways to increase your passive income, Cloud Mining is a great way to do it. If used properly, these opportunities can help you increase your cryptocurrency wealth on ‘autopilot’ mode with minimal time investment. At the very least, they should take less time than any type of active trading. Passive income is the goal of every investor and trader, and with AEON MINING, it’s easier than ever to maximise your passive income potential.
If you would like to learn more about AEON MINING, please visit their official website: https://aeonmining.com/
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
The appeal of new energy cloud mining
Cloud mining has long been a favourite among cryptocurrency enthusiasts due to its ease of use and accessibility. Unlike traditional mining, it doesn’t require expensive hardware, technical expertise or constant monitoring. Cloud mining simplifies the process and allows anyone (regardless of experience) to participate in the cryptocurrency revolution. Instead of investing in expensive mining equipment and managing complex setups, users can rent mining arithmetic from remote data centres and receive a share of the profits generated.
AEON MINING: where laziness and profit collide
AEON MNING takes the simplicity of cloud mining to the highest level, making it perfect for novices. The platform’s user-friendly interface ensures easy navigation even for cryptocurrency newbies. For AEON MINING, laziness is not a disadvantage; it is the path to success. As a pioneer in providing cloud mining services, AEON MINING has 20 mining farms around the world with more than 500,000 mining devices, all powered by new and renewable cycles of energy, and has earned the recognition and support of more than 6.3 million users thanks to its stable income and security.
Unimaginable earning opportunities
What sets AEON MINING apart is its extraordinary daily passive income, which offers the opportunity to earn $5,850 or more per day, enabling users to realise their dream of becoming rich online. Imagine earning a substantial income without constant effort or complicated setups – that’s what AEON MINING offers.
Security and Sustainability
In the world of mining, trust and security are crucial, AEON MINING understands this and puts the safety of its users first, AEON MINING is committed to transparency and legitimacy, ensuring that your investment is protected and allowing you to focus on making a profit. All mines use clean energy power, making cloud mining join the ranks of the carbon neutral. Renewable energy protects the environment from pollution and delivers superb returns, allowing every investor to enjoy the opportunity and the benefits.
Platform Advantage:
Get $10 instant bonus when you sign up.
High profitability levels and daily payouts.
No other service or management fees.
The platform uses more than 9 cryptocurrencies such as DOGE, BTC, ETH, SOL, USDC, USDT, XRP, LTC, BCH. for settlements
The company’s affiliate programme allows you to refer your friends and get up to $3,000 referral bonus.
McAfee® security. Cloudflare® security. 100% uptime guarantee and excellent 24/7 human technical online support.
Step 1: Sign up for an account
In this example, we have chosen AEON MINING as our cloud mining provider. Go to the provider of your choice and register to create a new account.AEON MINING offers a simple registration process, all that is required to participate is to enter your email address and create an account. After signing up, users can start mining Bitcoin and other cryptocurrencies immediately.
Step 2: Purchase a Mining Contract
Currently, AEON MINING also offers a variety of mining contract options, such as $100, $500 and $1,000 contracts. Each contract has a unique ROI and a specific contract term.
You can earn more passive income by participating in the following contracts:
Earnings are available the next day after purchasing a contract, and when earnings reach $100, you can choose to withdraw to your crypto wallet or continue purchasing other contracts.
Affiliate Programme
Now, AEON MINING has also launched an affiliate programme, which is a platform where you can earn money by recommending the site to others. You can start earning money even if you don’t invest. After inviting a certain number of active referrals, you will receive a one-time fixed bonus of up to $3,000. With unlimited referrals, your earning potential is also unlimited!
In short
If you’re looking for ways to increase your passive income, Cloud Mining is a great way to do it. If used properly, these opportunities can help you increase your cryptocurrency wealth on ‘autopilot’ mode with minimal time investment. At the very least, they should take less time than any type of active trading. Passive income is the goal of every investor and trader, and with AEON MINING, it’s easier than ever to maximise your passive income potential.
If you would like to learn more about AEON MINING, please visit their official website: https://aeonmining.com/
Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this Press Release does not represent any investment advice. TheNewsCrypto recommends our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this Press Release.
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What Crypto Investors Should Know About Unregulated Custodians
Failing in finance is nothing new. But banking has progressed with improved practices for a couple of hundred years, and failing to account for the progress just to remake past mistakes on a blockchain is sometimes negligent and sometimes downright criminal. When finance goes awry, it’s commonplace to blame the banks, and in crypto, things have gone about as wrong as they can.
Crypto boasts one of history’s most spectacular collapses in FTX and Alameda Research, which may have costed users as much as $8 billion in personal losses. It’s about time we hold the unregulated crypto custodians involved accountable.
Awful practices have plagued banks since their beginning. Improper account management, comingling of funds, and other custodian failures were once an unpleasant but unavoidable fact of life. They triggered multiple financial crises from the end of the 1800s to the Great Depression. The breakdown of the demarcation between banking and securities was even one of the main drivers of the 2008 financial crisis.
Despite these historical failures, there is a massive trust in banking institutions today, which is historically unheard of. This stems from banks adopting better practices and having government-imposed rules and regulations, ranging from federally insured deposited funds, banks verifying the source of funds, anti-money laundering procedures, due diligence, keeping segregated accounts, and more.
Crypto repeats traditional finance’s past mistakes and often operates as unregulated entities managing billions of dollars in global user funds. Though these companies don’t have a legal obligation yet to protect their customers with best practices, they certainly have a moral obligation and should be held to a higher standard.
When money moves illegally, what does that say about the recipient?
Media widely reported that FTX and Alameda moved $400 million in user funds during the company’s collapse, allegedly to protect it from hackers. While there are disputes about the sequence of events and whether the funds were moved improperly, the fact is that a simple look at the timeline shows something deeply troubling.
Sam Bankman-Fried (SBF), the fallen founder-hero of FTX, and Gary Wang, the Chief Technology Officer, weren’t in charge of FTX at the time, and everyone in crypto was well aware. Still, according to FTX’s bankruptcy filing, SBF initiated the transfer.
How could unauthorized ex-employees move hundreds of millions in customer funds? It’s another clear-cut example of the absence of reasonable controls in the internal processes at FTX and their custodial partners.
On the other side of the transaction was Fireblocks, a well-funded but unregulated crypto custodian that raised $550 million Series E at an $8 billion valuation at the end of 2021.
In the traditional finance world, the Bank Secrecy Act, which obligates financial institutions to assist in detecting money laundering, would have prevented FTX from moving the funds. Any regulated institution would demand information on the source of funds, the identity of senders and their business, and the identity of receivers of this money.
Fireblocks is unregulated, so it is unclear how deeply implicated they are in illegally moving funds. Regardless, failing to regulate custody providers properly may have cost FTX creditors hundreds of millions of dollars.
Crypto companies consistently demand “regulatory clarity.” This phrase is crypto code for want of a legal carte blanche to do what crypto does. As far as financial services are concerned, regulatory clarity already exists. Banks, funds, trading companies, fintech companies, and insurance companies abide by these, and it works well.
The jury is still out on the long-term viability or utility of crypto and DeFi, but if it is going to stand a chance to succeed, it needs to live up standards of reliability the public has come to expect from traditional finance. Custodians must act as fiduciaries, be transparent about their relationship with exchanges and market makers, keep client funds segregated, and maintain the highest level of security – in short, have tight controls like traditional banks.
Critics might argue that this stifles innovation and will strangle the crypto industry at the choke points.
Tell that to the victims. Imagine the FDA allowing a new food technology to sweep the market while making tens of thousands of people sick. Could the manufacturer credibly argue their technology doesn’t have regulatory clarity?
Unregulated custodians are a substantial liability to the broad adoption of crypto. Just like banking regulation was key to unleashing a flourishing western financial system, so will regulated crypto custodians be essential. Basic crypto infrastructure must be safe, trustworthy, and reliable. And until it is, investors, especially retail, will pay the price for poor security, messy operations, and a failure to regulate.
About the author: Currently heading social at European Energy, Daniel Azaria is a communications expert that has worked with dozens of tech companies, including in blockchain, AI, Medtech, AdTech, FinTech, and more. He holds a B.A. in Business Administration, M.A. in Political Science and Political Communications, and has worked for several leading regulated FX and CFD trading companies.
The post What Crypto Investors Should Know About Unregulated Custodians appeared first on Coin Edition.
Crypto boasts one of history’s most spectacular collapses in FTX and Alameda Research, which may have costed users as much as $8 billion in personal losses. It’s about time we hold the unregulated crypto custodians involved accountable.
Awful practices have plagued banks since their beginning. Improper account management, comingling of funds, and other custodian failures were once an unpleasant but unavoidable fact of life. They triggered multiple financial crises from the end of the 1800s to the Great Depression. The breakdown of the demarcation between banking and securities was even one of the main drivers of the 2008 financial crisis.
Despite these historical failures, there is a massive trust in banking institutions today, which is historically unheard of. This stems from banks adopting better practices and having government-imposed rules and regulations, ranging from federally insured deposited funds, banks verifying the source of funds, anti-money laundering procedures, due diligence, keeping segregated accounts, and more.
Crypto repeats traditional finance’s past mistakes and often operates as unregulated entities managing billions of dollars in global user funds. Though these companies don’t have a legal obligation yet to protect their customers with best practices, they certainly have a moral obligation and should be held to a higher standard.
When money moves illegally, what does that say about the recipient?
Media widely reported that FTX and Alameda moved $400 million in user funds during the company’s collapse, allegedly to protect it from hackers. While there are disputes about the sequence of events and whether the funds were moved improperly, the fact is that a simple look at the timeline shows something deeply troubling.
Sam Bankman-Fried (SBF), the fallen founder-hero of FTX, and Gary Wang, the Chief Technology Officer, weren’t in charge of FTX at the time, and everyone in crypto was well aware. Still, according to FTX’s bankruptcy filing, SBF initiated the transfer.
How could unauthorized ex-employees move hundreds of millions in customer funds? It’s another clear-cut example of the absence of reasonable controls in the internal processes at FTX and their custodial partners.
On the other side of the transaction was Fireblocks, a well-funded but unregulated crypto custodian that raised $550 million Series E at an $8 billion valuation at the end of 2021.
In the traditional finance world, the Bank Secrecy Act, which obligates financial institutions to assist in detecting money laundering, would have prevented FTX from moving the funds. Any regulated institution would demand information on the source of funds, the identity of senders and their business, and the identity of receivers of this money.
Fireblocks is unregulated, so it is unclear how deeply implicated they are in illegally moving funds. Regardless, failing to regulate custody providers properly may have cost FTX creditors hundreds of millions of dollars.
Crypto companies consistently demand “regulatory clarity.” This phrase is crypto code for want of a legal carte blanche to do what crypto does. As far as financial services are concerned, regulatory clarity already exists. Banks, funds, trading companies, fintech companies, and insurance companies abide by these, and it works well.
The jury is still out on the long-term viability or utility of crypto and DeFi, but if it is going to stand a chance to succeed, it needs to live up standards of reliability the public has come to expect from traditional finance. Custodians must act as fiduciaries, be transparent about their relationship with exchanges and market makers, keep client funds segregated, and maintain the highest level of security – in short, have tight controls like traditional banks.
Critics might argue that this stifles innovation and will strangle the crypto industry at the choke points.
Tell that to the victims. Imagine the FDA allowing a new food technology to sweep the market while making tens of thousands of people sick. Could the manufacturer credibly argue their technology doesn’t have regulatory clarity?
Unregulated custodians are a substantial liability to the broad adoption of crypto. Just like banking regulation was key to unleashing a flourishing western financial system, so will regulated crypto custodians be essential. Basic crypto infrastructure must be safe, trustworthy, and reliable. And until it is, investors, especially retail, will pay the price for poor security, messy operations, and a failure to regulate.
About the author: Currently heading social at European Energy, Daniel Azaria is a communications expert that has worked with dozens of tech companies, including in blockchain, AI, Medtech, AdTech, FinTech, and more. He holds a B.A. in Business Administration, M.A. in Political Science and Political Communications, and has worked for several leading regulated FX and CFD trading companies.
The post What Crypto Investors Should Know About Unregulated Custodians appeared first on Coin Edition.
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Indonesia and Australia Sign Agreement on Crypto Taxation
Indonesia and Australia’s tax officials signed an agreement in Jakarta on April 22 to establish a crypto information-sharing framework.
This agreement, unveiled on April 23, aims to improve the identification of assets that may be taxed in either country. It also aims to promote a more effective interchange of cryptocurrency-related data and information across tax authorities. Additionally, it discusses compliance with tax obligations.
According to Mekar Satria Utama, a director of the Indonesian Directorate General of Taxes (DGT), the MoU emphasizes the importance of innovation and collaboration among tax authorities. The strategy is critical for keeping up with the rapid advances in the worldwide landscape of financial technologies, he stressed.
“While crypto assets are relatively new, the need to ensure equitable taxation remains essential to promote economic growth and provide revenue for crucial public investments in areas like infrastructure, education and healthcare,” Utama said in a statement.
Australian tax authorities and their Indonesian counterparts have worked together in the past. This collaboration has encompassed several DGT priorities. It contains features such as the digitization of taxpayer services through the implementation of a virtual tax assistant.
Furthermore, the two organizations collaborated on the introduction of value-added tax (VAT) for digital goods and services.
You might also like: Binance acquires Indonesia’s leading exchange, lays off 58% of staff
Indonesia has been engaged in developing laws for the crypto sector. It has also encouraged partnership with foreign countries and international groups to develop a solid crypto framework.
Leading these activities is Indonesia’s Financial Services Authority (OJK), which has been working with financial regulators in Malaysia, Singapore, and Dubai to create the basis for crypto regulation.
According to a recent ruling, crypto companies wishing to operate in Indonesia must first go through a regulatory sandbox before obtaining a license, which will take effect in January 2025. This regulation change coincides with the Financial Services Authority’s (OJK) move to oversee the cryptocurrency sector.
Entities that provide cryptocurrency services in Indonesia without first completing a sandbox evaluation would be deemed illegal.
Meanwhile, Australia is one of many countries working with the Organisation for Economic Cooperation and Development (OECD) to create the Crypto-Asset Reporting Framework (CARF), which allows for the automatic exchange of information about crypto-assets. The aim is to institute a standardized approach for the worldwide taxation of cryptocurrencies. While not explicitly a bilateral tax treaty, the objective of this collaboration is to streamline tax procedures and reduce instances of tax evasion concerning crypto earnings.
Read more: Indonesia unveils national crypto exchange and clearing house
This agreement, unveiled on April 23, aims to improve the identification of assets that may be taxed in either country. It also aims to promote a more effective interchange of cryptocurrency-related data and information across tax authorities. Additionally, it discusses compliance with tax obligations.
According to Mekar Satria Utama, a director of the Indonesian Directorate General of Taxes (DGT), the MoU emphasizes the importance of innovation and collaboration among tax authorities. The strategy is critical for keeping up with the rapid advances in the worldwide landscape of financial technologies, he stressed.
“While crypto assets are relatively new, the need to ensure equitable taxation remains essential to promote economic growth and provide revenue for crucial public investments in areas like infrastructure, education and healthcare,” Utama said in a statement.
Australian tax authorities and their Indonesian counterparts have worked together in the past. This collaboration has encompassed several DGT priorities. It contains features such as the digitization of taxpayer services through the implementation of a virtual tax assistant.
Furthermore, the two organizations collaborated on the introduction of value-added tax (VAT) for digital goods and services.
You might also like: Binance acquires Indonesia’s leading exchange, lays off 58% of staff
Indonesia has been engaged in developing laws for the crypto sector. It has also encouraged partnership with foreign countries and international groups to develop a solid crypto framework.
Leading these activities is Indonesia’s Financial Services Authority (OJK), which has been working with financial regulators in Malaysia, Singapore, and Dubai to create the basis for crypto regulation.
According to a recent ruling, crypto companies wishing to operate in Indonesia must first go through a regulatory sandbox before obtaining a license, which will take effect in January 2025. This regulation change coincides with the Financial Services Authority’s (OJK) move to oversee the cryptocurrency sector.
Entities that provide cryptocurrency services in Indonesia without first completing a sandbox evaluation would be deemed illegal.
Meanwhile, Australia is one of many countries working with the Organisation for Economic Cooperation and Development (OECD) to create the Crypto-Asset Reporting Framework (CARF), which allows for the automatic exchange of information about crypto-assets. The aim is to institute a standardized approach for the worldwide taxation of cryptocurrencies. While not explicitly a bilateral tax treaty, the objective of this collaboration is to streamline tax procedures and reduce instances of tax evasion concerning crypto earnings.
Read more: Indonesia unveils national crypto exchange and clearing house