Day: December 25, 2022

What are reflection tokens and how do they work?

boss

Yield farming, liquidity mining, and staking have become common practices in the crypto market due to the remarkable growth the DeFi ecosystem has witnessed in recent years. These features enable users to earn interest on their crypto holdings by locking them as deposits for specific periods. The concepts sound appealing but there’s one big risk: the potential decline in the valuation of the locked assets. In other words, users will see losses in U.S. dollar terms if the asset’s value drops during the lock-in period. These shortcomings have raised “reflection…

US Government Delays Tax Reporting Rules for Cryptocurrency Brokers – Taxes Bitcoin News

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The enforcement of a requirement for brokers to report gains made by crypto investors has been postponed by the U.S. Treasury Department and the IRS. The new tax rules, incorporated into the $1 trillion infrastructure bill passed by the U.S. Congress in 2021, were to be imposed in 2023. Crypto Brokers Told to Comply With Existing Laws Until Final Regulations Are Issued The U.S. Department of the Treasury and the Internal Revenue Service (IRS) are delaying an obligation for digital asset brokers to start tracking and reporting proceeds from customer…

DeFi flash loan hacker liquidates Defrost Finance users causing $12M loss

Defrost Finance, a decentralized leveraged trading platform on Avalanche blockchain, announced that both of its versions — Defrost V1 and Defrost V2 — are being investigated for a hack. The announcement came after investors reported losing their staked Defrost Finance (MELT) and Avalanche (AVAX) tokens from the MetaMask wallets. Moments after a few users complained about the unusual loss of funds, Defrost Finance’s core team member Doran confirmed that Defrost V2 was hit with a flash loan attack. At the time, the platform believed that Defrost V1 was not impacted…

Defend the Krypto, a Limited-Time Mobile Game, Recently Launched to Bring Some Inner Peace to Victims of Cryptocurrency Disasters

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Hong Kong – As FTX collapsed, millions of victims lost both funds and also faced a cryptocurrency bloodbath. In 2022, there were a series of events caused by wrongdoings, fraud and criminal activity by cryptocurrency figures. The fall and arrest of FTX ex-CEO and Thodex ex-CEO, Sam Bankman-Fried and Faruk Fatih Özer, might be good news for some crypto investors, but for most victims, justice has not been served. Do Kwon, ex-CEO Terraform Labs, Su Zhu, ex-CEO of Three Arrows Capital and Caroline Ellison, ex-CEO of Alameda Research, still run…

KOMATSU MINING EXCAVATOR #shorts

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