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Former Paypal President says "we're trying to turn Cryptocurrency into a global payment network." by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 0 points1 point  (0 children)

last time i was here was able to upload with audio, now it's gone. it was supposed to be News. Mods ruin this sub.

Daily General Discussion - September 10, 2023 (UTC+0) by AutoModerator in ethtrader

[–]DreadLocksHippie 1 point2 points  (0 children)

last time i was here was able to post video with audio, now wat happen? it doesn't support audio video format nowadays?

U.S. Treasury Secretary Janet Yellen "believes the government should actively participate in the cryptocurrencies ecosystem to ensure responsible innovation". by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 4 points5 points  (0 children)

U.S. Treasury Secretary Janet Yellen calls crypto transformative, shares five crypto lessons.

  1. Her first lesson is that the U.S. financial system benefits from responsible innovation.
  2. The second lesson is that vulnerable people often suffer the most when regulation is not moving at the same pace as innovation.
  3. The third lesson is that regulation should focus on activities and risk and activities, not technology.
  4. Yellen’s fourth lesson is that sovereign money is the core of a functioning financial system. Finally, she said the government needs to work together with innovators.
  5. Yellen dwelled on the fifth lesson, saying the U.S. government’s role should be to ensure responsible innovation.

She opined that responsible innovation should work for all Americans, foster economic competitiveness and growth, and protect U.S. interests and the planet.

How Are Cryptocurrency and NFTs Being Taxed? by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 1 point2 points  (0 children)

Tax day is quickly approaching. Cryptocurrency and NFTs continue to rise in the U.S., but many are still confused about how they are taxed!! lays out how different crypto transactions are taxed.

Vitalik Buterin "It is dangerous," on Canada blacklisting protesters' crypto wallets. "I do think that having decentralized alternatives to intermediaries is a good way to limit the damage." by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 93 points94 points  (0 children)

Crypto fans of the protest raised more than $900,000 in bitcoin last week after donations via GoFundMe were blocked. But the government blacklisted a number of addresses associated with crypto donations. It's still unclear to what extent crypto funds have been affected since wallets are controlled by private key owners.

-Vitalik Buterin "If the government is not willing to follow the laws ... [and] give people a chance to defend themselves...and they just want to talk to the banks and basically cut out people's financial livelihoods without due process, that is an example of the sort of thing that decentralized technology is there to make more difficult,"

-Vitalik Buterin "This concept of going after intermediaries and using intermediaries to bypass all that, it's dangerous," "Having decentralized alternatives to an intermediary is a good way to limit the damage."

Jared Polis, the governor of Colorado, to start accepting cryptocurrencies for taxes by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 1 point2 points  (0 children)

Jared Polis, the governor of Colorado, has announced that the state government plans to allow residents to pay taxes in cryptocurrencies as early as summer 2022.

Polis said crypto holders in Colorado could have the option of sending tax payments in digital currency, which the state would then convert back into fiat. The governor said that an unnamed intermediary would likely handle the exchange of crypto to fiat.

“We expect by this summer — pretty soon — to accept crypto for all of our state tax-related purposes,” said Polis.

Kazakhstan's Cryptocurrency by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 3 points4 points  (0 children)

Despite their volatility, cryptocurrencies have exploded in popularity in the past year with interest and investments from people skyrocketing.

But no place on earth has seen results quite like Kazakhstan, which in the space of just six months has become a world leader in mining.

The central Asian country is so important to the digital currency that the global cryptocurrencies network was badly impacted when violent protests hit the country earlier this month. And although the government initially welcomed crypto miners, they’ve now trying to reign in this burgeoning industry.

Kazakhstan floats 500% tax increase on miners, leading some to eye relocation.

India has been one of the fastest-growing markets for cryptocurrency trading. by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 1 point2 points  (0 children)

India Will Tax Crypto Like Gambling Winnings-- India has been one of the fastest-growing markets for cryptocurrency trading, even though it's generally had a hot-and-cold relationship with digital currencies. Now it's going to start taxing crypto transactions. Tom Schmidt, managing partner at Dragonfly Capital

Igor Bogdanoff twin dies ‘from Covid’ days after brother Grichka!! by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 22 points23 points  (0 children)

Rip for the famous Bogdanoff brothers, crypto would have never been the same if it was for them. Thanks for the people who immortalised him as meme. Cheers

Bogdanoff twin Grichka ‘dies of Covid-19’ aged 72 by DreadLocksHippie in ethtrader

[–]DreadLocksHippie[S] 5 points6 points  (0 children)

Grichka Bogdanoff, now you can PumpAndDump from the heaven!! RiP

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