The US just introduced a tax proposal, and in that proposal they're sneaking in KYC for DeFi. Here is the link to the proposed regulations: public-inspection.federalregister.gov/2023-17565.pdf They are trying to deem DeFi applications like Uniswap, 1inch, Curve, MetaMask etc. to be brokers & therefore, they'll need to implement KYC. From page 38-39 (I'm paraphrasing a…
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Hello – Has anyone gone the route of setting up an LLC to do Ethereum staking? How has it been beneficial? Any other tips? Are there any required licenses? Thanks! submitted by /u/TitanBaseball2 [link] [comments]
There is a really damn cool library at github.com/arguflow/monterrey which you can use to process payments for ETH and other ERC20's. We are officially using it in production as a part of Arguflow Openembeddings. Figured, I would share it here for anyone who needs a similar solution for something they are working on. submitted…
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First of all, I would like to thank everyone for the support shown on my last post (as always :)). For those that keep asking, I'm currently looking into developing a website, but it will be more institutional at the beginning. If you know people who have fallen for a scam and need my help,…
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I've never connected my wallet to anything, it is an hw one, and I never interacted nor allowed with any contract or dApps, but they started poisoning my wally with 6 txn each time I transfer out, seed not stored nor written in any digital device (written and stored in a irl bank vault) I'm…
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The standard procedure is to mint a token’s supply to a specific address (the owner), after which they distribute it however they like and add liquidity. However, this requires a significant amount of trust in that person. Is there a better, more decentralized way of doing this? For ex, would it be possible to launch…
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We're excited to present Pine Analytics's initiative to revolutionize the governance landscape of ApeCoin DAO with an on-chain governance analytics dashboard. 🔍 Executive Summary: Pine Analytics pledges to usher in unparalleled transparency, efficiency, and inclusivity within ApeCoin DAO's governance. With the power of Flipside Crypto and our Governance Update Bot, we promise real-time insights into…
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The U.S. Justice Department has produced “millions of pages of documents” related to SBF’s criminal case, which his lawyers claimed was too much to access from jail before trial.
So, I've recently been using Ledger's new cl card (https://with-cl.com) , their prepaid crypto offering, which also allows topups by debit/credit card… While it is certainly sleek, and perhaps the easiest crypto offramp ive found for buying stuff online in particular, as you can fund a prepaid virtual card even before the plastic card is…
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After a highly anticipated partial victory for Ripple Labs and XRP investors, the fifth-largest cryptocurrency has succumbed to the overall market downward trend, dampening the excitement following its July 13 triumph against the US Securities and Exchange Commission. Over the past 30 days, XRP has retraced by more than 26%. Despite experiencing significant price fluctuations since its 16% drop on August 16, the token has recovered 4% of those losses within the past seven days. As the market approaches the monthly close and witnesses liquidity re-entering, there is a growing possibility that XRP will continue its upward trend. Potential Price Explosion For XRP Following Extended Accumulation Phase In cryptocurrency, few phenomena captivate investors and traders more than anticipating a price explosion fueled by a prolonged accumulation phase. Such is the case for XRP, which shows a setup that mirrors previous patterns that led to significant price surges. Related Reading: Economic Reset Alert: Bloomberg Analyst Predicts Bitcoin Crash Below $10,000 Crypto analyst and trader, known by the pseudonym “Crypto Bull,” has caught the attention of market participants with its bold prediction that XRP could be on the brink of a major upward rally. According to Crypto Bull, historical data reveals a recurring pattern for XRP, where explosive price movements have consistently followed extended periods of upward accumulation. Crypto Bull’s analysis suggests that XRP is currently in its longest accumulation phase in history, further strengthening the potential for a significant price surge. Examining the weekly chart provided by Crypto Bull, it becomes evident that XRP has previously undergone notable price explosions in 2020 and 2021, making this its third accumulation phase. XRP’s Bullish Momentum During the first uptrend in 2020, XRP surged by an impressive 220%, starting below the $0.250 level and reaching a high of $0.774 in November. Following a typical price correction, XRP embarked on another upward trend merely months later, in February 2021, aiming to surpass its previous all-time high. In April 2021, XRP experienced a remarkable bull run, aligning with the overall market trend, and skyrocketed from $0.540 to its current all-time high of $1.946. Subsequently, the token attempted to retest this pinnacle but fell short of reclaiming it. These historical patterns in XRP’s price action following significant surges are noteworthy; however, whether the cryptocurrency will follow its established trajectory or surpass its all-time high remains uncertain. What is certain is that the ongoing accumulation phase, coupled with potential positive developments in the US courts and growing investor excitement, positions XRP for a possible major breakout. Related Reading: JPMorgan Shares Prediction On Bitcoin’s Next Move: What You Need To Know Despite briefly surpassing its macro range between $0.548 and $0.295 on July 13, XRP is currently within this range again, possibly establishing a new base or awaiting the ideal conditions for its next uptrend. As the cryptocurrency ecosystem eagerly awaits further developments, XRP’s future trajectory holds considerable intrigue. Whether it will reiterate its historical patterns or embark on an unprecedented journey remains to be seen. Nonetheless, the current accumulation phase and the optimistic sentiment surrounding XRP set the stage for potential growth and renewed excitement among investors. At the time of writing, XRP is traded at $0.5231, reflecting a 1.3% increase over the past 24 hours. Featured image from iStock, chart from TradingView.com
