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“For my clients, I’m going to tell them that they should continue to declare [staking rewards] as ordinary income, it should be viewed as if it’s interest,” Foreman told CryptoX. “That way, they don’t get caught … Were [the IRS] to catch you, they are going to rake you over
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“We decided to prioritize the product over the token, because our belief was that in order to have a token the reason had to be decentralization,” Benchemled said. “Let’s build a fantastic product, let’s reach a critical mass with users and volume, and then let’s move to tokenize and decentralize.” Source
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With just 24-hours left for the upcoming London hard fork, the ETH community eagerly awaits the exciting changes it will bring to the network. There’s been much hype around the arrival of the Ethereum London hard fork and now we are just one day away. The countdown tracker
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Jason Guthrie, Head of Digital Assets, WisdomTree The outlook for cryptocurrencies has become a hot topic for market participants, spectators and press alike. While the cryptocurrency market recently experienced a pullback amid a series of negative news flow, it is not all doom and gloom. Much has been said about bitcoin
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Decentralized finance (DeFi) has emerged as a transformational force for not just the cryptocurrency market, but for financial markets in general in 2021 thanks to the ease of access and security offered by blockchain-based protocols which operate on smart contracts.One project that is looking to take the simplicity of DeFi
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The start of February has brought yet another batch of evidence supporting the notion that the ongoing surge of crypto prices has deep institutional roots. Ignited by market whisperer Elon Musk and his Tesla’s announcement of a $1.5-billion Bitcoin position, the bullish cycle was reinforced by further news coming from
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Unfazed by the controversy over its Sushiswap listing, Binance announced support for Uniswap’s new UNI token around 90 minutes after the DeFi platform's governance token went live on Ethereum.Over the next four years, one billion UNI tokens will be distributed, with 15% being immediately available for historic users of the
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Australia is experiencing a decentralized finance (DeFi) boom, playing host to some of the most talked-about projects in the space.They include longtime DeFi leader Synthetix (SNX), along with the up-and-coming Thorchain (RUNE) along with the just-launched Ren (REN) and mSTABLE (META).RUNE has increased 167% in the past 30 days, REN
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If you are invested in XRP or simply interested in Ripple and its vision then the event of the year is exactly ten days away and the excitement builds daily.The day before last year’s SWELL we wrote a blog suggesting Ripple could announce xRapid (now ODL) was live, we shared
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The yearly Ripple hosted UBRI Connect kicked off yesterday with great perspectives on the future of the RippleNet ecosystem and The post New Partnerships Build Excitement at Ripple’s UBRICON Event appeared first on XRP Ripple News. Source
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