The largest stablecoin issuer by total supply released its latest attestation report on Tuesday. Source
Tether Slashes Commercial Paper Holdings by 21%
Day: February 22, 2022
Who really created the Coinbase Superbowl ads? Armstrong called out on Twitter
The Coinbase ad which aired during the Superbowl last week appears to be causing quite a stir on social media in light of new information on its origins. When scanned, the 60-second tv spot featured a color-changing, bounciful QR code that brought users to a promotional BTC giveaway page — seemingly based on the oft-meme’d DVD screensavers of yore. Yesterday, in a long Twitter thread, Brian Armstrong, CEO of Coinbase, praised his company’s internal team for their work on the ad, saying that: “one of the original ideas [for the ad] we…
Crypto Lender Celsius Appoints CFO Following Predecessor's Arrest
Cryptocurrency lending platform Celsius has appointed former RBC, Bank of America and Citigroup executive Rod Bolger as its chief financial officer (CFO). Source
How Profitable is Crypto Mining in 2022 | For Beginners
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io #howprofitableisCryptoMining #CryptoMining #cryptominingForBeginners BEST PLACE TO BUY CRYPTO MINERS: BEST CRYPTO TRADING TRAINING: TEENAGERS MAKING $35K MINING CRYPTO: MOST PROFITABLE CRYPTO MINERS AT THE MOMENT: Cryptocurrency mining is the process of recording and verifying transactions on a public digital record of transactions, known as a blockchain. To do that, miners solve complex mathematical problems. In return, there is a possibility they will be rewarded with cryptocurrency. This means that mining not only helps keep transactions verified and secure, but also introduces new…
5 Things to Remember When Paying Your NFT Taxes
This is a scenario with little guidance from the IRS. Based on precedent, airdrops like this will be taxed as ordinary income (i.e., short-term capital gains rates), generally, when the assets are recorded on ledger and/or enter your wallet. So if you don’t claim, you won’t have control of the asset and shouldn’t get taxed. When you sell the airdrop, it’ll be subject to capital gains tax rates. Source
Huobi Co-Founder Says Next Bitcoin Bull Run Could Be 3 Years Away
According to Huobi co-founder Jun Du, Bitcoin is unlikely to experience a strong bull run until 2025. His analysis is based on certain crypto specialists’ assumption that the coin’s current run is coming to an end. Surprisingly, Du has always aligned with Bitcoin’s bull run history. The asset’s value reached as high as $69,000 during the 2020 bull run, which ended months before the mining reward was reduced from 12.5 BTC to 6.25 BTC. Bitcoin Bull Run: 2025 However, Bitcoin has lost more than 40% from its previous peak. To…
Bitcoin inches past $38K as Wall Street opens to strange calm on Russia sanctions
Bitcoin (BTC) recovered to $38,000 as Wall Street opened on Feb. 22 amid a tense atmosphere over geopolitical instability. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin tiptoes around macro cues Data from Cointelegraph Markets Pro and TradingView showed an eerily calm start to the first Wall Street session of the week for both stocks and crypto. Fears had been high of a dramatic bout of volatility accompanying the open thanks to Monday’s announcement by Russian President Vladimir Putin that he would recognize two breakaway republics in eastern Ukraine. Sanctions, still…
How to Avoid Getting Rekt by Crypto Taxes
If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. Source
Russia’s Finance Ministry Submits Bill to Legalize Crypto Investments, Ban Payments – Regulation Bitcoin News
Russian Ministry of Finance has prepared and submitted a new bill to expand crypto regulations to the government. The law “On Digital Currency” aims to introduce rules for investment in cryptocurrencies while at the same time cementing a ban on their use in payments. Draft Law ‘On Digital Currency’ to Regulate Crypto Turnover in Russia The Ministry of Finance of the Russian Federation has presented to the federal government in Moscow legislation tailored to fill the regulatory gaps in the country’s crypto space, remaining after last year’s enforcement of the…
How Crypto Will Change Paying Taxes
But if you’re an original crypto enthusiast who comes from the early Wild West days when crypto was too complex for governments, central banks and corporate behemoths to understand, then you probably won’t recognize what crypto becomes over the next few decades. When all your taxes are collected automatically, physical cash is illegal, and everyone is using fiat digital central bank coins in one way or another (even if they are also using decentralized, private coins, too) will it still be what you wanted? Source