Press Release
Bit.Store is expecting to become an indispensable tool for Bitcoin investors
With the global spread of the Covid pandemic, more countries or regions have gradually begun to suffer severe economic losses, which has slowed down the economic growth in many countries and increasingly caused serious inflation. Although most regions do not have as severe inflation as Venezuela, cash assets seem to be gradually depreciating at a remarkable rate.
Asset allocation has gradually become the most effective way to offset inflation. As the price of Bitcoin continues to rise and its market size continues to increase, Bitcoin as an emerging asset is gradually being accepted by traditional investors, and when compared to traditional assets such as stocks and bulk assets, Bitcoin seems more welcomed by investors. Although Bitcoin has aroused an investment boom, however for many novice investors, the threshold for obtaining Bitcoin is still very high. After all, traditional investors do not have that many channels to buy Bitcoin as easy as getting stocks and funds.
Among the platforms that support the direct purchase of bitcoins with fiat currencies, they mainly include CashApp, Paypal, and Bit.Store. First of all, from the perspective of regional characteristics, CashApp and Paypal are payment tools based on support from the North American market. Therefore in terms of user group, CashApp and Paypal are more inclined to become the hub for North American users to buy bitcoin, while Bit.Store is oriented to business operations in other markets, namely Southeast Asia and Europe. Bit.Store can provide users with easier entry and low-cost channels to obtain Bitcoin.
Many Bitcoin investors are excited at the emergence of Bit.Store, which literally builds a bridge between Bitcoin and fiat for convertibility. Therefore, Bit.Store is mainly for BTC investors or potential investments. Bitcoin, as a decentralized asset, is different from traditional assets such as stocks and it can be circulated out of the trading platforms, so any improper custody and storage of BTC assets may cause certain security problems.
When offering its service to users, the Bit.Store platform itself do not hold or help users keep BTCs, but it will entrust the BTC assets in Coinbase, the world’s largest cryptocurrency exchange, and in Cobo, the largest asset volume in Asia in terms of crypto wallet. As a professional crypto asset platform, Coinbase and Cobo own the expertise and experience in crypto asset management, which further ensures the security of investors’ BTC assets. Therefore, after users make the purchase of BTC through Bit.Store, the bitcoin assets are optionally stored in Coinbase or Cobo accounts. If the assets are lost in the process, the custodian will repay the full amount. Therefore, when you buy Bitcoin through Bit.Store, you have zero risk of capital loss before you fully withdraw your assets. Of course, for professional BTC investors, after the transaction through Bit.Store, they can withdraw the assets to their Bitcoin account at any time and keep them under their own control. There is no surcharge in buying bitcoin on Bit.Store, and the platform will only charge a 2% handling fee when you sell bitcoins.
In comparison, CashApp and Paypal also support the use of fiat currency to buy Bitcoin, and the channel is mainly built on their own payment business, hence users need to pay a certain fee whether they buy or sell BTCs. As traditional Internet products, they habitually establish a strong concept as a “platform”. For example, after users buy bitcoins through the above-mentioned platforms, the bitcoins are actually stored in the platform, even the BTC users who deal through PayPal will never be able to withdraw the BTCs.
Therefore, to a certain extent, such an approach will mislead investors who may think that Bitcoin is no difference from traditional assets. Similarly, if the assets are too concentrated, there will be certain problems. For example, if the private key of the wallet on the platform is stolen, it may result in the user’s BTCs being stolen. After all, as a traditional platform, it has no actual experience of managing crypto assets such as Bitcoin. Once the asset security issues arise, users ultimately become the most vulnerable ones.
CashApp and Paypal, which represent the traditional Internet products, do not have operations and maintenance aimed at users. Therefore, in some ways, they are still staying at the level of traditional Internet operation thinking model. This approach seems to be undesirable for the crypto user groups. Based on further integration with the concept of the crypto community, Bit.Store establishes a user group, which is hopeful to form further fission centered for users.
At present, in terms of actual business progress, Bit.Store has come to partner with three global TOP exchanges and provided the users with its gateway services of BTC purchase with fiat currency. It has also partnered with one international bank and one international payment institution. To provide services to its bitcoin investors, Bit.Store is also constantly extending and broadening the user group.
In general, compared to CashApp and Paypal, Bit.Store embodies a more obvious advantage in products. The ecological concept built by Bit.Store is also in line with Bitcoin. Bit.Store may eventually become an indispensable tool for BTC investors.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Keynode Launches Advanced Liquidity Pooled Staking Plans for Crypto Stakers
New York, United States, 23rd Jan 2025 – As crypto adoption goes mainstream, Keynode, a crypto staking platform, has launched its new Liquidity Pooled Staking services. This feature gives you more flexibility and better crypto staking rewards. To many, it’s going to change the staking space and also solve the problems in the staking ecosystem.
Liquidity Pooled Staking is a game-changer for crypto staking platforms. It combines staking with liquidity solutions so that new and seasoned investors can unlock their crypto’s full potential and support the blockchain networks.
Solving Crypto Staking Challenges Through Innovation
Crypto Staking, the process of locking up cryptocurrency to secure the blockchain, has been limited by high thresholds, technical complexity and not being able to access the staked assets. The platform’s Liquidity Pooled Staking removes these barriers by offering a user-friendly approach where you can stake with minimal requirements and have liquidity at the same time.
You will no longer need 32 ETH to stake Ethereum, nor will you need to run complex validator nodes. The staking platform simplifies everything making staking accessible to everyone. The staking platform bridges the gap between crypto staking rewards and liquidity so that you can earn without compromising access to your assets.
Secure and Flexible crypto Staking
By partnering with regulated entities, the staking platform ensures your funds are protected to the highest industry standards. Additionally, they offer customizable staking options to fit your investment goals. You can optimize your strategy without being locked into a specific staking plan.
It’s easy to use and 24/7 support makes the experience even better. Whether you’re a new investor or a seasoned staker, the platform is designed to simplify the staking process for everyone.
Introducing Competitive Crypto Staking Rewards
These Liquidity Pooled Staking plans also bring a competitive edge in terms of crypto staking rewards. By participating in the program, you can earn staking rewards twice a week across multiple assets including ETH, SOL, MATIC, and many more.
The dual payout structure and transparent reward system mean you can stake and have access to your funds. This balance of liquidity and rewards is the unique value proposition of the staking platform to the crypto community.
Key Features of the Staking Platform
Low Staking Threshold: No big upfront investment required; you can start staking with just $100.
Multiple Assets: Stake popular cryptos like ETH, SOL, and ADA.
Regular Rewards: Get paid twice a week from staked assets.
Easy to Use: Simple platform and 24/7 support for hassle-free staking.
Flexible Contracts: Choose from various staking plans for short or long term.
Making Crypto Accessible and Innovative
Founded by blockchain enthusiasts who were frustrated with traditional staking the staking platform is committed to making crypto staking accessible to all. By lowering the participation threshold and offering innovative solutions like Liquidity Pooled Staking Keynode will offer some of the best rewards in the staking industry.
In addition to staking services, the platform has an affiliate program to support community engagement. They give up to 4% referral commissions and instant payouts so that users can share the benefits of the platform and earn more.
About Keynode
Keynode is a crypto staking platform focused on unlocking liquidity and maximizing staking rewards for its users. By employing advanced security measures and user-friendly technology, Keynode empowers investors to explore the full potential of their digital assets with confidence.
For more information about Keynode and its services, visit www.keynode.net or:
Email: info@keynode.net
Phone: (+1) 678-310-6834
Location: 1325 Avenue of the Americas, New York City, United States, New York
Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Cryptocurrency mining and staking involves risk. There is potential for loss of funds. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.
Company Details
Company Details
Organization: KeyNode
Contact Person Name: Kiven Scott
Website: https://keynode.net/
Email: info@keynode.net
Address: 1325 Avenue of the Americas, New City, NY, United States, New York
City: New York
Country: United States
The post Keynode Launches Advanced Liquidity Pooled Staking Plans for Crypto Stakers appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Maximize Your Crypto Mininsg profit with Oneminers
Austin, Texas, United States, 24th Jan 2025 – Cryptocurrency mining has never been more advanced, efficient, or rewarding than it is with Oneminers. Leveraging cutting-edge technology of AI and a global network of ASIC hosting services, Oneminers empowers miners to achieve unparalleled success in the ever-evolving world of crypto mining.
AI Smart Mining: Boost Revenue by 115%
Unlock the future of mining with AI Smart Mining, a revolutionary algorithm designed to optimize every aspect of your operations. With this advanced technology, miners can boost their crypto mining revenue by up to 115%, ensuring maximum returns with minimal effort.
Factory-Direct ASIC Miners at Unbeatable Prices
Oneminers is committed to offering the best prices on ASIC miners by sourcing hardware directly from manufacturers. Through exclusive contracts with leading producers, Oneminers eliminates middlemen and passes the savings directly to customers. Here’s how we ensure unbeatable prices:
Bulk Ordering: By consolidating orders from multiple clients into a single bulk order, we achieve significant cost reductions.
Minimal Markup: Our pricing model involves almost no markup, ensuring that you pay near-production costs for your hardware thanks to spreading targeted profit revenue between ASIC sale and ASIC hosting during years.
Global ASIC Miner Hosting Centers
Oneminers provides access to state-of-the-art ASIC miner hosting centers around the globe, offering affordable and reliable solutions for miners of all scales:
- Worldwide Hosting Prices: Starting as low as 4 cents per kWh USD.
- USA Hosting Locations: Centers in South Carolina, Texas, and Oregon offer competitive rates of 6.49 cents per kWh, inclusive of all fees, insurance, maintenance, electricity, and warranty.
- Ethiopia Expansion: Hosting capacity is being extended to 115 MW, providing greater opportunities for miners.
- Nigeria Hosting Facility: Under construction and set to deliver an impressive 145 MW capacity. Prices will remain below 4 cents per kWh, with fees included.
Unmatched Hardware and Services
- 7-Year Warranty: All miners come with an industry-leading 7-year warranty, ensuring peace of mind for years to come.
- 98% Uptime Guarantee: Enjoy seamless operations with 98% uptime. In the rare event of downtime, Oneminers compensates you, ensuring no loss in productivity.
- Direct Crypto Mining to Bitcoin: Mine any cryptocurrency and convert it directly to Bitcoin, streamlining your earnings.
- Direct Real Money Mining: With our hot new feature, you can mine directly into USD or EUR, and have funds sent directly to your bank account!
Advanced Mobile and Desktop Management
Stay in control with Oneminers’ innovative apps:
- Mobile App: Available for both Android and iOS, manage your miners and wallets on the go.
- Desktop Management App: Oversee your finances, mining operations, and more, all from your desktop.
Insured American Quality
As a trusted name in the crypto industry since 2013, Oneminers ensures the highest standards of quality and reliability. Operated by Circlehash LLC, headquartered in Austin, Texas, Oneminers provides insured and assured crypto mining solutions with American-grade standards.
Get Started with Oneminers
Whether you’re a seasoned miner or a newcomer, Oneminers has everything you need to succeed in cryptocurrency mining with the most profitable miners for Bitcoin, Dogecoin, KASPA mining or direct USD mining. Explore our advanced hosting centers, revolutionary AI algorithms, and powerful management tools today at www.oneminers.com
Media Contact
Organization: Circlehash LLC
Contact Person: Michal Beno
Website: http://www.oneminers.com
Email: Send Email
City: Austin
State: Texas
Country: United States
Release Id: 24012522891
The post Maximize Your Crypto Mininsg profit with Oneminers appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
Press Release
Tax Accountant Addresses HMRC Nudge Letters Over US Pension Foreign Tax Credits
Tax Accountant warns that HMRC’s Nudge Letters question foreign tax credits on US pensions, risking double taxation for Americans in the UK, requiring professional advice.
Birmingham, West Midlands, United Kingdom, 24th Jan 2025 – Tax Accountant, a leading advisory firm specializing in cross-border taxation, today raised concerns about the recent wave of “Nudge Letters” issued by HM Revenue & Customs (HMRC) to US citizens residing in the United Kingdom. These letters—sent as part of HMRC’s ongoing compliance efforts—question the foreign tax credits some taxpayers claim for US taxes paid on various pension distributions.
The firm warns that many individuals could face unexpected tax bills or double taxation if their claims for relief are denied. Under the UK-US Double Taxation Treaty, US citizens living in the UK may be entitled to offset UK tax on foreign income with credit for taxes already paid in the United States. However, confusion surrounding the classification and tax treatment of different US pension types seems to be driving the recent scrutiny.
Common Types of US Pensions
- 401(k) Plans – Employer-sponsored retirement accounts that typically require distributions to be taxed in the US; UK residents may also owe UK tax on these amounts and claim credits to avoid double taxation.
- Traditional IRAs – Similar to 401(k) in tax treatment, withdrawals are generally taxable in both the US and the UK, subject to available treaty reliefs.
- Roth IRAs—Qualified distributions (if certain conditions are met) are not taxed in the US, but in some cases, they may still be subject to UK tax.
- US Social Security – Under the US-UK treaty, the UK, not the US, generally has the right to tax social security benefits if you are a UK resident, although specific circumstances can vary.
While some pensions (e.g., qualifying Roth IRA distributions) may not incur a US tax charge, HMRC may still assess UK tax on those amounts, leading to complications in claiming foreign tax credits or relief.
“As HMRC ramps up its compliance campaign through ‘Nudge Letters,’ US citizens in the UK must revisit their ‘UK tax on Foreign Income’ calculations to ensure they’re applying for the correct foreign tax credits,” says Mr Aatif Malik, Managing Director at Tax Accountant. “We are witnessing a growing trend of individuals being incorrectly denied the opportunity to offset UK tax with the US tax already paid on their pensions. Taxpayers must seek professional advice to avoid double taxation and respond appropriately to these ‘Nudge Letters.’”
Recommendations for Affected Taxpayers
- Review Your Treaty Position: Check whether you have properly applied the provisions of the UK-US Double Taxation Treaty to your pensions.
- Identify Taxable vs. Non-Taxable Pensions: Establish which types of pensions (e.g., Roth IRAs vs. Traditional IRAs) might still be taxable in the UK, even if no tax is due in the US.
- Maintain Accurate Documentation: Keep detailed records of pension distributions and any taxes paid in the US, along with official statements that outline the nature and timing of these payments.
For further information or to schedule an interview with Mr. Malik, please contact:
Tax Accountant
Phone: 0800 135 7323
Email: info@taxaccountant.co.uk
About Tax Accountant
Tax Accountant is a premier tax advisory firm specializing in cross-border taxation and compliance. With decades of combined experience, our experts navigate complex international tax treaties to provide tailored solutions that help individuals and businesses meet their obligations across multiple jurisdictions.
Media Contact
Organization: Tax Accountant
Contact Person: Aatif Malik
Website: https://www.taxaccountant.co.uk/
Email: Send Email
Contact Number: +448001357323
Address: 3 Brindley Place
City: Birmingham
State: West Midlands
Country: United Kingdom
Release Id: 24012522911
The post Tax Accountant Addresses HMRC Nudge Letters Over US Pension Foreign Tax Credits appeared on King Newswire. It is provided by a third-party content provider. King Newswire makes no warranties or representations in connection with it.
About Author
Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.
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