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Binocs is thrilled to partner with GoSats, the Bitcoin rewards app! 🚀 Now GoSats Elite Card users can avail a fantastic offer and get 50% cashback up to Rs. 5000 when they generate their crypto tax reports on Binocs! 💰💰
But wait, it gets even better! This offer can be availed not once, but twice on each card! 💳💳 Hurry up! This offer is valid until August 31st.
So what are you waiting for? Generate your crypto tax reports on Binocs and start stacking your rewards with GoSats! 😎
“To the extent it is used I fear it’s often for illicit finance. It’s an extremely inefficient way of conducting transactions, and the amount of energy that’s consumed in processing those transactions is staggering,” the former Fed chairwoman said. Yellen’s comments have been cited as a reason for bitcoin’s recent losses. However, Yellen’s assessment of bitcoin as a inefficient medium of exchange is an important point and one that has already been raised in the past by bitcoin bulls. Using a volatile asset in exchange for goods and services makes little sense if the asset can tumble 10% in a day, or surge 80% over the course of a two months as bitcoin has done in 2021, critics argue. To put a finer point on it, over the past 12 months bitcoin has registered 8 corrections, defined as a decline from a recent peak of at least 10% but not more than 20%, and two bear markets, which are defined as falls of 20% or more, according to Dow Jones Market Data.
