Uncle Sam may collect tax on every loan and repayment of cryptocurrency which may catch users by surprise, creating a tax trap that could impair the rapidly emerging DeFi industry.
Source
Lender Beware: The Potential DeFi Tax Trap
Interesting 13
Banking system consumes two times more energy than… Amid the ongoing concerns over Bitcoin’s (BTC) energy consumption, a… (378)
NSFW: After The Corporate Hype, Porn Gets Into Blockchain Porn star Brenna Sparks is not the only one warming… (319)
What is liquidity mining, and how does it work? Before the emergence of decentralized finance and DeFi platforms, users… (314)
Adult Film Star Lana Rhoades Deletes Twitter Account… Adult film star Lana Rhoades is being criticized for her… (297)
Ethereum price closes in on $4K as Shiba Inu (SHIB)… The crypto market has rallied into the weekend as Ether… (278)
BitShares Blockchain liquidity pools DeFi “God Mode”… ioBanker DEX (ioBanker Estonia) announces new liquidity pools wallet software… (250)
Why’s Bitcoin stuck under $60,000? The gold market… After rallying more than 100% in 2021, Bitcoin (BTC) seems… (242)
Not so safe? SafeMoon’s parabolic rally isn’t… SafeMoon, the token on Binance Smart Chain widely recognized as… (232)
Bitcoin records sixth straight monthly green candle:… The last time Bitcoin saw six-monthly green candles in a… (220)
Akon City 2: Akon Unveils Plan to Build Second… Another futuristic cryptocurrency city will be built in Africa, Senegalese-American… (207)
Cryptocurrency GIFs: Animations That Capture the… The cryptocurrency ecosystem is filled with unique individuals with a… (195)
Paybis 2021 Guide │ Buy Bitcoin Easily What is Paybis Exchange? Paybis is a UK-based cryptocurrency exchange… (180)
To the ‘literal moon’? Elon Musk SpaceX tweet gives… It may be an April Fool’s prank, but when it… (179)