The four-hour chart shows that the SHIB price rose to USD 0.000018, successfully exceeding significant resistance at USD 0.000013. David Gokhshtein recently predicted that Shiba Inu might continue increasing and that anyone would think it is preparing for another stage.

Shiba Inu (SHIB), the second-largest meme coin behind Dogecoin (DOGE), occupies 12^th place in the cryptocurrency ranking. Its price has increased thanks to the support from its investors on social media over the weekend.

The crypto asset has risen by 153% from its low this year to its current high. The token recently pulled back as the rest of the market plummeted. While Ether (ETH) dropped to USD 1,950, Bitcoin (BTC) fell to USD 24,100. The overall market capitalization of cryptocurrencies declined to USD 1.2 trillion.

Shiba Inu May Have Begun the Bullish Cycle

Peter Brandt was the first trader and analyst to predict the dramatic move of Shiba Inu. He noted on TradingView that SHIB created a bottom pattern on the daily chart before rising by 25%.

The expert said that Shiba Inu had started a bullish cycle and would continue increasing. He bases that prediction on the completed inverted head-and-shoulder model, which indicates a reversal.

The 25% surge shows the advantage of investors willing to back the rally of the token rally if a successful breakout occurs. According to Brandt, SHIB has bottomed out and has only one way to move upward.

The four-hour chart shows that the SHIB price rose parabolically, reaching a peak of USD 0.000018, its highest level since May. The meme coin successfully exceeded significant resistance at USD 0.000013, its highest point on July 20^th.

The Future Behavior of the Shiba Inu Price

SHIB is one of the most popular crypto assets in the market. Over the last few days, its price experienced a significant rise of more than 30%, a trend that might continue.

Well-known personality David Gokhshtein recently posted on his Twitter account that the SHIB price could continue increasing.

Gokhshtein, the founder of Gokhshtein Media and a former US Congress candidate, said that anyone watching SHIB would think it is preparing for another stage.

Shiba Inu recently drew the attention of whales, investors, and analysts. The transactions over USD 100,000 have increased significantly over the last 24 hours.

Besides, the activity about the behavior of Shiba Inu has increased significantly on social media. The dog-themed cryptocurrency SHIB struggled to protect its earnings, going from USD 0.000013 to USD 0.000018.

SHIB is trading at around USD 0.000016 and has accumulated a 31.8% gain over the last week. While its daily trading volume is above USD 1.17 billion, its market capitalization is about USD 9.54 billion, according to CoinGecko.

Meanwhile, Bitcoin is attempting to hold the critical USD 24,000 level. The pioneering cryptocurrency is trading at around USD 24,100 and has accumulated a 1.2% gain over the last week.

By Alexander Salazar

The Argentine National Treasury has just issued its opinion on this type of financial assets and their treatment as taxed in the Tax on Personal Assets, which has caused conflicting criteria in the doctrine.

The OECD (Organization for Economic Co-operation and Development) published in 2020 a work entitled “Taxes on virtual currencies. An overview of tax treatments and emerging tax policy issues”. It arose as a result of the claim made by the leaders of the G20 and the finance ministers about the risks derived from crypto assets.

The report provides a reference framework for their taxability in Income, Value Added and Property taxes. The operations included also imply their creation, storage and transfer, as well as their change and evolution.

Regarding wealth taxes, Alfredo Collosa, consultant (IMF, IATTC, TIWB), mentions the countries that charge inheritance taxes, such as Belgium, Brazil, Bulgaria, Denmark, Finland, France, Germany, Iceland, Ireland, Korea, the Netherlands, Spain and the United Kingdom. Among those that have issued guidance covering the application of these taxes to virtual currencies are: the United Kingdom, Korea and Finland.

Cryptocurrencies are also included as assets within the definition of wealth taxes, in the few countries where such taxes exist. This is the case of Belgium, Luxembourg, Norway, Spain and Switzerland. Also in Australia, Germany and Japan they have advanced with the taxability of these assets as well as Chile in Latin America.

Argentina and Personal Assets

As a result of the publication of AFIP Opinion 2/2022, criticism has arisen in the doctrine in relation to the definition to which the Treasury arrives in relation to cryptocurrencies, which is reproduced in the summary as follows:

“Cryptocurrencies can be characterized as a new class of financial asset, non-traditional and based on Blockchain technology, which is ultimately about an electronic entry that incorporates the right to a certain amount of money, which can be typified as securities, since they participate in the main characteristics of the latter. They are homogeneous and fungible goods in the terms of article 232 of the Civil and Commercial Code; its issuance or grouping is carried out in series and they may be susceptible to widespread and impersonal trading in the financial markets. Cryptocurrencies make up an asset covered by the Personal Assets Tax Law.”

Taxable Assets

There is no doubt that crypto assets are subject to the tax in question, since they are financial assets that have payment and cancellation capacity, listed price, transaction value, which serve as a savings unit and have their own unit of measure.

Cryptocurrencies are assets subject to the Personal Property Tax, and must be valued at their listed value as of December 31 of each year. They do not fit as intangible assets of those exempted by law, since they do not have the aforementioned characteristics.

Country or Foreign Goods

Cryptocurrencies will be considered as taxable assets of the country, if they were generated in the same by companies incorporated in it, or because they are found in country platform accounts or because they are found as of December 31 in virtual wallets of the same. On the contrary, holdings of cryptocurrencies on Exchange platforms, or in foreign virtual wallets, will be considered foreign assets.

Beyond some doubts that marks the doctrine on the definition of cryptoactives that arise from the analyzed opinion, in short, it is an asset in permanent development and a highly complex analysis. The Treasury states their status as taxable, providing greater certainty on the subject.

By Audy Castaneda

Mexico, Brazil and Spain are the countries where the demand for talent specialized in Blockchain grows year after year. Linkedin and OKX highlighted that the most required profile in the Blockchain industry is financial talent. Financial talent is required in 19%, engineering in 16%, while business and information technology profile in 6%.

The latest joint report between LinkedIn and cryptocurrency exchange OKX revealed that Brazil and Mexico are in the world’s top 10 countries with the highest demand for human resources talent specialized in Blockchain technology.

The Linkedin and OKX report pointed to the United States, China, France, India, Germany, United Kingdom, Brazil, Mexico, Spain, and Canada as the nations with the highest demand for specialized crypto and Blockchain talent.

Countries with the Most Demand for Talent

The report unveils that in the 10 countries, the annual publication rate of crypto and Blockchain vacancies grows as follows:

United States, 82%

Chinese, 78%

France, -11%

Indian, 145%

Germany, 82%

United Kingdom, 60%

Brazil, 518%

Mexico, 190%

Spain, 609%

Canada, 560%

LinkedIn and OKX emphasize that the demand for talent is concentrated in countries where cryptocurrency adoption has grown in the last year:

“It is worth noting that among the top 10 countries for Blockchain talent, Blockchain job openings in the United States, China, India, the United Kingdom, Singapore, Canada and other countries multiplied in 2021. LinkedIn Talent Insights shows that these countries continue to maintain the growth in the demand for talent based on the number of job offers in the first half of 2022”.

Financial Talent the Most Required Profile in the Industry

The most required profile in the Blockchain industry is the financial talent, while the QA analyst is growing rapidly. Other profiles required within the ecosystem are: engineering, business development, information technology and sales.

Financial talent is required at 19%, engineering at 16%, while business and information technology profiles are tied at 6%.

“Specifically, among the top five global Blockchain talents, the most popular occupations are cryptocurrency traders, software engineers, analysts, support analysts, and account managers.”

Interested? This is what Working in the Industry Entails

Working with Blockchain technology demands dealing with massive amounts of information on a daily basis, which requires certain skills, such as: willingness to learn, awareness of the market, analytical skills, communication skills, initiative, leadership, team work, expertise in customer service, and enthusiasm.

The above mentioned are known as “soft skills,” leadership and communication skills. You can gain valuable leadership experience by joining local volunteer organizations and taking on roles that enable you to lead and work in a team environment. Develop and refine your public speaking and presentation skills by joining a speech club, or by taking a class in public speaking at a community college. All that it takes is a never ending learning process, as well as clear goals and a positive attitude.

By Audy Castaneda