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ALL CRYPTO TRANSACTIONS, INCLUDING NFTS AND STABLECOINS, WILL BE TAXED BY THE US

The authority changed the draft instructions for tax form 1040 in 2022 to include non-fungible tokens (NFTs) and stablecoins, replacing the term “virtual currency” with “digital assets.” The IRS defined digital assets as “any digital representations of value that are recorded on a cryptographically secured distributed ledger or any similar technology” in the recently released draft of the individual income tax return. Non-fungible tokens (NFTs) … Continue reading ALL CRYPTO TRANSACTIONS, INCLUDING NFTS AND STABLECOINS, WILL BE TAXED BY THE US

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The United Kingdom seeks to recognize cryptocurrency as a regulated industry.

The U.k government has proposed new legal measures to regulate crypto ads and prohibit unauthorized crypto providers from offering services. Minister Andrew Griffith’s amendments to his own bill on Friday were welcomed by an industry that had called for existing proposals to go beyond stablecoins, which are payments-focused cryptoassets that seek to maintain value in relation to fiat currencies. According to an explanatory note tabled … Continue reading The United Kingdom seeks to recognize cryptocurrency as a regulated industry.

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Bitcoin becoming less volatile than stocks

Bitcoin becoming less volatile than stocks may appear to be a good thing. However, crypto traders warn that in a low-volume environment, this may not be a good thing. Bitcoin’s (BTC) 30-day realized volatility has dropped dramatically in recent days, according to Noelle Acheson, author of the “Crypto is Macro Now” newsletter. According to Coin Metrics data, realized volatility has dropped to nearly 52% from … Continue reading Bitcoin becoming less volatile than stocks

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Ripple’s $250 million fund supports Web3 projects in the entertainment and media

Ripple, an enterprise blockchain and crypto solutions company, launched the Ripple Creator Fund in September 2021, a $250 million initiative dedicated to providing creators with the financial, creative, and technical support needed to create nonfungible tokens (NFTs) and other tokenization projects on the XRP Ledger. On October 18, Ripple revealed the second group of creators who would be receiving money from Ripple’s Creator Fund for … Continue reading Ripple’s $250 million fund supports Web3 projects in the entertainment and media

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An anonymous crypto user sent small amounts of ether to celebrities.

On Tuesday, an anonymous user sent a slew of Tornado Cash transactions to high-profile Ethereum addresses in what appears to be a troll attempt to implicate them in a potential regulatory mess.According to Etherscan, wallets affected include those controlled by Coinbase CEO Brian Armstrong, TV host Jimmy Fallon, clothing brand Puma, and a wallet created for donations to Ukraine. Ethereum was distributed to prominent crypto … Continue reading An anonymous crypto user sent small amounts of ether to celebrities.

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Football Legend Cristiano Ronaldo in NFT Partnership With Binance

Cristiano Ronaldo, one of the world’s highest-paid athletes, has partnered with Binance to allow his fans to join the footballer’s Web3 community. Ronaldo believes that his collaboration with Binance will “change the non-fungible token (NFT) game and take football to the next level.” Continue reading Football Legend Cristiano Ronaldo in NFT Partnership With Binance

Is Vechain a good investment in 2022.?

VeChain was founded in 2015 by Sunny Lu, the former chief information officer (CIO) of Louis Vuitton China. VeChain is an enterprise blockchain platform that aims to provide a comprehensive view of an organization by removing information silos. VeChain also intends to establish itself as a leading platform for initial coin offerings (ICOs) and transactions between Internet of Things (IoT)-connected devices. To “create a trust-free … Continue reading Is Vechain a good investment in 2022.?

Why Bitcoin is a Good Investment..in2022?

Bitcoin was created in 2008 by an unknown person or a group of people using the name Satoshi Nakamoto. The currency was designed to be an electronic peer-to-peer cash system, but it has also piqued the interest of crypto-curious investors as a store-of-value currency comparable to gold. When Satoshi Nakamoto mined the bitcoin genesis block (the first block on the Bitcoin blockchain), 50 BTC entered … Continue reading Why Bitcoin is a Good Investment..in2022?

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Understand the Utility NFTs .

What is an NFT Utility? Based on user demand, utility NFTs or NFTs 2.0 are the future and provide a broader range of practical NFT applications.For example, holding a utility NFT can provide access to exclusive experiences, early access to products, airdrops, exclusive invites to events with top celebrities/athletes, and much more. Types of NFT Utility. Ways to generate passive income from NFTs. 1-Staking When … Continue reading Understand the Utility NFTs .

Selling your Digital artwork online.

Many designers and artists are becoming increasingly interested in selling artwork to earn passive income in the form of digital products or resources.Even if royalty free image libraries for example, have been around for along time. However, times have changed since then. Artists now have more control over their work and how it is sold.and because selling Digital products or artwork still in its early … Continue reading Selling your Digital artwork online.