USA Senators Emphasize Need For Immediate Crypto Tax Action

Art Staff Inc, from Adweek Portfolio (1988)

scan

Coinspot is Australia's top crypto exchange and makes it super easy to buy cryptocurrency using a credit card, pay id or your bank account.

Send and receive hundreds of the top cryptocurrencies.

Get a bonus $10 in bitcoin when you use the referral link below and buy your first $100 worth of bitcoin.

Join - https://moneylinks.me/coinspot

The management of Revolut and PayPal asks to extend the MiCa compliance deadlines to the maximum

Electronic Money Association members such as Revolut, PayPal and other companies are asking for more time before implementing the Markets in Crypto-Assets (MiCA) Regulations. Fintech organizations using cryptocurrencies are reportedly calling on European institutions to give them additional time so they can prepare to comply with the new rules. Representatives of Revolut, PayPal and other companies directly contacted the EU Ministry of Finance with a request to extend the transition period. They recalled that the new MiCA rules will apply to all countries of the Union starting in December 2024, however, some countries may shorten these deadlines. According to payment institution leaders, there may not be enough time to prepare to comply with all laws. The European institutions provide a maximum transition period for compliance with MiCA of 18 months. However, it is subject to change at the discretion of individual countries, which Revolut and PayPal do not agree with. They ask that all EU members agree on a maximum period of 18 months. Otherwise, companies will have to suspend operations in individual states for indefinite periods, which will negatively affect business. Ireland has already stated that it agrees to follow the 18-month transition period for cryptocurrency providers (CASP). Major crypto companies currently have offices in the country, including Gemini, Coinbase and Binance, which will require regulatory approvals under MiCA. As for France, the regulator Autorité des Marchés Financiers (AMF) is considering launching an “extended” registration of digital asset service providers, the DASP. The new rules will come into force in the country on January 1, 2024. In addition, the authorities also want to harmonize the licensing requirements for the European Authorization of Crypto Asset Service Providers (CASP) regulations. Read the full article

BANDAI: Limited Edition ‘Final Fantasy’ WonderSwan Color (2000) Box Art: Yoshitaka Amano

O Bitcoin abriu a semana em torno de US$ 28.000 antes de saltar para um novo recorde de dificuldade de mineração BTC em meio às preocupações do investidor bilionário Ray Dalio de que a “Terceira Guerra Mundial” é iminente. Bitcoin (BTC) 143.006 reais começou a nova semana firmemente no espírito do “Uptober”, já que o fechamento semanal foi seguido por um clássico short squeeze.

Os preços do Bitcoin estão mais uma vez experimentando o tipo de oscilações clássicas vistas no início deste mês, com a maior criptomoeda do mercado se aproximando de US$ 28.000 antes da abertura semanal de Wall Street.

Embora ainda dentro de uma faixa de negociação predefinida, o Bitcoin está mantendo os traders atentos, com posições longas e curtas sujeitas a oscilações de preços à vista de curto prazo e a liquidações em mercados de derivativos aumentando.

#btc #bitcoin #bnb #ethereum #bitcoincash #eth #criptomoedas #crypto #cryptocurrency #cripto #criptomonedas #token #coin #criptoativos #cryptonews #cryptomarket #cryptoinvestor #noticiascriptomonedas #criptomoedasbrasil #criptonoticias #cryptoworld #cryptomarket #cryptotrading #cryptocurrencies #cryptolife #cryptotrader #defi #nft #web3 #blockchain #blockchaintechnology

You know, the entire US economic system is so messed up and so is a lot of your views of it (and I mean on both sides, I also include myself in this since I often don't realize until I *really* think about it) but like. Let's start by talking about taxes. There was a post going around lately that was like

Anyways this is not true. You can deduct INTEREST on mortgage from your taxes. Not mortgage itself. And for renters, in 23 states you can do the same. It's meant to be an offset for property taxes, which, in case you didn't know, are INSANE. Like my family pays more taxes on our house and property then on THE ENTIRE REST OF OUT TAXES, and we're in the top tax bracket. They don't tax you nearly enough on your ACTUAL INCOME but tax you way to much on your property and stock. It's basically based on, if you sold everything right now, what would we then be able to tax you. It's not measuring how much you make on a year to year basis, it's measuring how much you managed to save up over a long period in order to buy your big household a home that has enough space for everyone. It's definitely possible with housing/property taxes for them to cost so much that you can no longer afford your house and land, that you reasonably worked and saved up for. That's kind of unfair. Especially if you bought it when housing was cheap, and since the value on such things has gone up, so have your taxes. You weren't spending an insane amount of money on it. But now it's worth about 1.1 million and you've gotta move out or pay taxes on that. That's a thing that happens.

And meanwhile, a mega rich person who loves the city and therefore doesn't bother with a lot of land is taxed less than the moderately well off person in the previous example.

So the tax system is messed up, people need to pay more based on their actual income and less based on their homes.

Oh another thing with taxes is you know how charitable donations are tax deductible? Yeah only to a certain amount, meaning that there is no incentive for rich people to donate the proper amount given their income. Yes, I think they should give regardless of whether they're going to be rewarded for it, but people who hoard THAT MUCH money are selfish, and they're not going to. My family is not even that rich (dad worth something in the 10s of millions) but the amount we give (no big deal for us) is ALREADY well above the amount you can deduct from taxes. And we don't mind, but the super rich? Do you think they're going to go out of their way to support causes with anything more than petty cash and not be rewarded for it? They're not.

Ultimately, they shouldn't have such extravagant amounts of money in the first place, since they didn't work for it. My dad, which I mentioned previously, works 10+ hours a day, often including weekends. That's real work. His field is high paid and he in particular is high paid since he's the only one who can do what he does, and he gets extra for INVENTING most of the things his companies are based on, which he, you know SPENDS TIME STUDYING AND WORKING ON AND CREATING. He's not making tons of money just by owning something. That's wrong. All that excess cash should be going to the people who actually do the work.

And I think for the most part everyone acknowledges this, but y'all talking about killing the 1% doesn't realize how broad the 1% is. That includes doctors, lawyers, high level computer scientists, that WORK for their living, and are not exploiting you. Who you're looking to target is the owners, the people who hoard billions or trillions of dollars in wealth. Do you even know how much a trillion is? Let's say you take a rich person worth about 10 million. Ok how much more does someone worth a trillion make? They make 100,000 times more. What can you afford these days with 10 million? A nice house, decent cars for the household members that drive, some land, the ability to not worry about medical bills and to pay for college, plus a bit extra to save or give to charity. How nice. A lot of people don't have that privilege. What about 1 trillion? There is not a house in existence that will make a dent in your finances. You could send your children to any college they want for their whole lives and not make a dent in your finances. You could buy companies on a whim with almost no consequence. It's not right. It's especially not right when other people have trouble paying for both rent and groceries.

If we redistributed the 8 richest people's wealth (the 8 of them have more money than the poorest HALF of the planet combined), you all could afford a home, food, a good education, and have a reasonable amount left over.

And this is why, even growing up rich, I'm such a communist. It is not a fever dream for us ALL to be able to live, comfortable, reasonable lives. The current wealth in the world redistributed, and suddenly everyone could live like I do. It isn't lessening the average person's quality of living. For the vast majority of us, communism done right is nothing but an upgrade. Yeah so a fistful of billionaires and trillionaires will be really upset. They'd still have enough to live comfortably and yet they're the ones who own so much they can effectively block any progress in this direction. It's pure selfishness.

Cracking the Code: SEO's Hidden Powers Unleashed for NFT Sellers

In the bustling world of digital assets, where every pixel matters, standing out is the name of the game. If you're rocking the NFT seller vibe, here's a pro tip – let's talk about the secret sauce: SEO. Yep, Search Engine Optimization – it's not just a buzzword; it's your golden ticket to making your NFT store shine. Buckle up as we explore the wizardry of SEO and how it can level up your game by boosting visibility, credibility, and, of course, those all-important sales.

Boosting the Spotlight on Your NFT Store:

SEO is like your backstage pass to the show. It tells search engines, "Hey, this NFT store is where it's at!" The result? Your unique collection of NFTs gets a front-row seat in the search results, and a broader audience discovers your digital gems.

Riding the Wave of Organic Traffic:

SEO isn't about any traffic – it's about the right traffic. Picture this: people actively searching for NFTs stumble upon your store. More eyeballs mean more potential buyers checking out your NFT wonders. It's not just traffic; it's a crowd that's genuinely interested in what you're offering.

Building Street Cred in the NFT Hood:

Ever notice how the cool kids get noticed? A high-ranking NFT store isn't just a store; it's a digital VIP lounge. It screams credibility and trustworthiness. And you know what that means – buyers are more likely to drop some digital dollars when they trust your spot.

Outshining the Competition:

In the wild world of NFTs, it's a jungle out there. A higher search ranking isn't just a status symbol; it's your golden key to stand out from the pack. SEO ensures that your NFT wonders grab the attention they deserve.

A Symphony of User-Friendly Awesomeness:

SEO is not just about keywords; it's about the vibe. A well-optimized store is a smooth ride for your visitors. Faster load times, mobile-friendliness, and easy navigation – it's the VIP experience for every user who steps into your digital domain.

Niche Targeting Magic:

SEO lets you target specific keywords related to your NFT game. No more casting a wide net; this is a laser-focused approach. You're not just connecting; you're making a digital handshake with users genuinely interested in what you're dropping.

Local Swagger, Global Impact:

Got a physical presence? Local SEO is your hometown hero. It makes sure your NFT store is the talk of the town, attracting buyers in your vicinity and beyond.

Staying Ahead of the Digital Curve:

The online world moves fast, and SEO keeps you ahead of the game. Evolving search engine algorithms? No sweat. SEO practices ensure your NFT store is always in the spotlight, no matter what digital twists and turns come your way.

Listings That Pop:

Every NFT in your collection is a star, and SEO makes sure each one shines. Optimized product listings mean they're not just seen; they're discovered. That's the secret sauce for higher conversion rates and happy customers.

Data-Driven Success:

SEO tools aren't just cool gadgets; they're your crystal ball. They give you insights into what makes your audience tick. With analytics-driven decisions, you're not just running a store; you're orchestrating a digital symphony.

Now, imagine having all these SEO superpowers seamlessly integrated into your NFT store. Well, hold onto your pixels because NFTHoom is here to make it happen. With NFTHoom, you're not just selling NFTs; you're creating a digital spectacle that reaches the right audience. it's a blockbuster, and the stage is set for your NFT empire to rise. Ready to let your NFTs steal the show? NFTHoom's got your back!

https://coinmystique.com/ftx-chilly-pockets-moved-nearly-10m-in-altcoins-to-ethereum-since-aug-31/?feed_id=8627&_unique_id=6522fcc091b53

A chilly pockets owned by collapsed crypto trade FTX moved nearly $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed causes, in keeping with on-chain information.The altcoins embody notable tokens like LINK, SUSHI, LUNA, and YFI. The transfers had been carried out by way of Wormhole Bridge.It’s unclear if the transfers are linked to the trade’s chapter proceedings or its current request to rent Galaxy Digital to promote its crypto holdings for fiat.FTX didn’t reply to a request for remark as of press time.FTX seeking to promote propertyFTX just lately filed a request with the chapter courtroom searching for permission to have interaction Galaxy Digital Capital Administration as its funding supervisor for sure digital property. The trade additionally requested permission to stake some idle crypto property to generate passive yield.Below the proposed settlement, Galaxy would handle, commerce, and convert FTX’s property into fiat forex or stablecoins, and hedge the collapsed trade’s publicity to unstable cryptocurrencies in return for a month-to-month fiduciary payment.FTX argued that Galaxy’s experience in promoting giant cryptocurrency positions with out affecting the market made it an appropriate alternative. The engagement aimed to assist FTX’s restructuring efforts by monetizing its cryptocurrency holdings.Moreover, the trade has filed a separate movement to ascertain tips for managing and promoting its digital property and to enter into hedging preparations on eligible cryptocurrencies — primarily Bitcoin and Ethereum.Collectors criticize tempoFTX is going through criticism from collectors over the sluggish tempo of its chapter plan negotiations.The trade’s legal professional, Brian Glueckstein, resisted requires expedited mediation on the newest chapter listening to on Aug. 23, saying the method is on observe for conclusion within the second quarter of 2024.A draft plan proposed by FTX on July 31 outlined the intent to repay clients by way of asset liquidation and litigation towards insiders. Nevertheless, tensions have risen over FTX’s efforts to discover a purchaser for its worldwide trade, FTX.com, and the lack of awareness shared about incoming bids.Collectors’ committee legal professional, Kris Hansen, additionally highlighted the $50 million month-to-month spent on attorneys’ charges and different prices because of FTX’s delay in resolving creditor considerations. FTX seeks to extend collectors’ restoration by way of lawsuits towards its founder, Sam Bankman-Fried, funding agency K5, and the founders of FTX acquisition targets.The chapter case was filed in November 2022 after allegations that FTX misused and misplaced billions of dollars of shoppers’ crypto deposits.Posted In: Chapter, ExchangesSupply: https://cryptoslate.com/ftx-cold-wallet-moved-almost-10m-in-altcoins-to-ethereum-since-aug-31/

Bitcoin and Ethereum have been in a battle for the top spot as the leading crypto in the digital market. Recent events have proven both digital assets to be resilient assets in the saturated market. Over 15 new whales have joined the market and back

#Blockchain #Crypto