A metric tracking long-term holders suggests that investors have continued to accumulate the asset despite a recent fall in prices. Team Valhalla
In 2019, Joshua Jarrett paid income tax on 8,876 tezos tokens he earned through staking. In 2020, Jarret asked the IRS to return the taxes he paid, arguing the tokens were not income but “created property.” The IRS currently treats digital assets as property for tax purposes, but...
DeFi applications use smart contracts to provide financial services, such as trading, lending and borrowing, to users. Concerns loomed among traders and developers after the exploit. "If nobody backs it and the coins are truly gone then Wormhole ETH is worth ," George Harrap, founder of Solana DeFi...
To be sure, in Texas there are programs available for heavy power consumers such as crypto miners to give them incentives to lower their energy usage during peak demand periods. For example, in exchange for helping ERCOT stabilize the grid, Riot gets to participate in load management programs...
First Mover Asia: Crypto Prices Plunge Late After Weak Meta Earnings Team Valhalla
“Fed Chair (Jerome) Powell and Governor (Lael) Brainard have been very involved in digital assets to date and have articulated that stablecoins and CBDCs can coexist. If leadership at the Fed had shifted, there would have been a period of learning, delaying current workstreams, and potentially leading to...
The new guidance lays out some examples of how users could decide the nature of their return from lending or staking. For instance, if the return amount, say 5% per annum, was already agreed to, it would most likely be a revenue receipt. If the proceeds are “unknown...
Overall, Meta reported adjusted Q4 earnings per share of $3.67, falling short of the consensus analyst estimate of $3.85, according to FactSet, while revenue of $33.7 billion was just ahead of the consensus estimate of $33.4 billion. Meta's guidance for first-quarter 2022 revenue also fell short, coming in...
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"Since the early November peak, there have been four marked, step-like drops in the crypto market," FundStrat, a global research firm, wrote in a Wednesday briefing. "After each drop there has been a recovery averaging 8.9% leading into the next drop. A noticeable difference between the current recovery...