The founder of the FTX platform watched his entire fortune evaporate in a matter of days
Jessica Karl and Lisa Jarvis | Columnist The Year Ozempic Ate the News Some cryptocurrencies money goes hell Jeremy Allaire alluded to recent favorable comments about BTC by multi-billionaire hedge fund manager Ray Dalio and Blackrock CEO Larry Fink. They “believe that in a complex geo-political and complex macroeconomic environment, this is an asset people should have exposure to,” the Circle CEO said in agreement.
Some billionaires cryptocurrencies goes hell
But that’s not all. There’s also the IRS. So if Libra is a cryptocurrency — and, again, it does kind of seem to be one — it’s classed by the IRS as a commodity, like pork bellies or gold. That has tax implications, Weaver tells me. Remember how cryptocurrencies are usually kind of volatile, and Libra is designed deliberately to be less so? That doesn’t necessarily guarantee low or no volatility. So if I’m taking my paycheck in Libra, and the value of Libra relative to the dollar goes up while the money is being transferred such that I make $100 extra, that $100 is taxable. Bonk (BONK) Price Skyrockets 500% in 30 Days; Eos (EOS)... I studied, researched, talked with friends and still have absolutely no idea what exactly is cryptocurrency, how to properly buy (or whatever fancy word there is for this type of "cryptotransaction") and/or store this new "money".Jack Dorsey says ‘hell no’ to joining Libra
The crypto world didn’t let the slapping incident between Will Smith and Chris Rock pass. The image has been getting its share of memes related to the crypto space. Some find it distasteful, but some still find it hilarious. Women In IT Are On a 283-Year March To Parity, BCS Warns There are a few angles here to play the emergence of CBDC infrastructure. CBDCs will need to be interoperable between countries, facilitate efficient cross-border payments, and permit scalable, secure and rapid domestic transactions. There are a few utility tokens that could enable these characteristics. Indeed, it’s well reported that central banks are already working with some of the key players in the cryptocurrency space.
