How Investors Should Handle Celsius in Their Tax Returns This Year
Creditors to the failed crypto lender have got their dollars back after bankruptcy, but working out the tax implications is going to take longer, says Koinly’s Michelle Legge.
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Consensus Magazine
Creditors to the failed crypto lender have got their dollars back after bankruptcy, but working out the tax implications is going to take longer, says Koinly’s Michelle Legge.
The famously pre-planned, programmatic event, currently predicted for April 19, is surprisingly hard to predict at minute scales.
Higher fees from Ordinals and BRC-20 may be good for miners but they risk pushing activity to the fragmented world of L2s and harming adoption of Bitcoin around the world. Proposals for “OP_CAT” and CTV would upgrade the network and allow more innovation at the chain-level, says Bob Bodily, CEO of Bioniq, an Ordinals marketplace.
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A Belgian polymath and his team are building a “spiderchain” network that harnesses both bitcoin’s sound money properties and Ethereum’s technological capabilities.
The DEX received a Wells Notice from the regulator, suggesting an enforcement action is imminent. While we don’t know the nature of the potential charges, the news raises the threat of legal jeopardy for decentralized finance.
With the halving and new tech set to give Ordinals a further lift, Bitcoin-based inscriptions are demonstrating staying power and some advantages over NFTs. Christie’s is taking notice with a new initiative.
(Ryan Quintal/Unsplash, Modified by CoinDesk)
The next Bitcoin halving, scheduled for April 20, is poised to significantly impact the mining landscape. Below Jaran Mellerud, of Hashlabs Mining, forecasts for what lies ahead.
The Ethereum community is debating the power and responsibilities of the Ethereum Foundation, which some think is playing central banker by suggesting changes to the ether issuance formula.