US Senators have voted to approve a surprise tax amendment on cryptocurrencies. The proposed new amendment seeks transactions of $10,000 or more to be reported to the IRS. This proposed amendment will now move through to the House of Representatives to be voted on. If passed, businesses will have a legal obligation to report cryptocurrency[Read more…]
Author Archives: bsctimes.com
I previously covered PolyCrystal in a separate article here. Just over a month old, PolyCrystal is a relative newcomer to the Polygon space. Despite that, they’ve gone from strength to strength, with over $13M in TVL and an impressive, combined total of over 60 $CRYSTL pools and LP farms offering up to 500% APR. At this point some[Read more…]
Decentralized finance is as hot as it has ever been and the massive growth has led to a plethora of innovations that continually improve on the previous generations of DApps. There is, however, one thing projects don’t focus enough on enough, the community. Community input is crucial to the prosperity of any DeFi ecosystem. From[Read more…]
On April 23, 2021, Binance Smart Chain announced a competition called Most Valuable Builder II, in which participants focused on NFT development. Winners of this competition were announced today! The contest had over 500 applicants, and the shortlisted projects had over 500,000 active addresses with 16 billion USD transacted. After two phases of criteria, Binance[Read more…]
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Bitcoin mining isn’t just for the professionals anymore. Los Angles based Idan Abada is making sure of that. Abada took to TikTok to share a video of himself using a small bitcoin mining rig, retailing at $875. Often, these rigs are massive and very loud. Abada’s rig is different–it is powered by USB and can[Read more…]
Bitcoin mining isn’t just for the professionals anymore. Los Angles based Idan Abada is making sure of that. Abada took to TikTok to share a video of himself using a small bitcoin mining rig, retailing at $875. Often, these rigs are massive and very loud. Abada’s rig is different–it is powered by USB and can[Read more…]
Blockfi is currently under attack by 5 US-state level regulatory agencies, (New Jersey, Alabama, Texas, Florida and Vermont) which all claim that BlockFi Interest Accounts (BIAs) are not registered with regulators, making BIA’s an unregistered security. The New Jersey Bureau of Securities issued a cease and desist notice against Blockfi on July 19th. Texas filed a[Read more…]
Innovative and unique in the market. Those are the terms I would use to describe this diamond in the rough. I first discovered YSL.IO just over a month ago and did a piece on them here. Since then, I’ve continued to keep up with the project and I must say… I’ve become a believer. After DYOR like any respectable[Read more…]
Many shrewd investors are celebrating the recent decline of digital currency prices. The IRS views digital currency as property, not as an investment stock. For this reason, digital currency investments are not tied to wash sale rules, meaning that an investor is able to sell their bitcoin and then immediately repurchase. Stocks, on the other[Read more…]
Binance, the world’s largest cryptocurrency exchange company, is aiming to obtain status as a regulated financial institution in the US and other countries around the world. The company has faced a growing amount of scrutiny as government regulation agencies around the world have began questioning Binance and crypto exchange. Regulators in countries like Italy, Japan,[Read more…]
