Cryptocurrency Contents Archive

How can mass adoption become a reality if every transaction you make is a taxable event?

In the US, paying for goods using crypto is a taxable event. In addition to the taxes you're already paying, you're also paying for this transaction. If you receive your salary in crypto or use it to buy crypto, you will be taxed twice. Does anyone here think that taxation will change in the US? If not, what makes you think that crypto will see mass adoption anyway? Do you think your portfolio will be green in ten years without cryptocurrencies being used for payments? Some might say that the US will become economically irrelevant and the rest of the world will adopt crypto anyway, but I doubt it at this point. I'm not even going to start with usability, that can be solved in a decentralized way if more people use it. Volatility won't be a problem then either.

Your Old Game Boy Can Now Be Turned Into a Bitcoin and Ethereum Hardware Wallet

The Block: Binance CEO surprised dogecoin hasn't died yet, blames Elon Musk

Craig Wright for many is just an annoying loser but He is actively harming the Bitcoin and crypto ecosystem.

Craig Wright always seemed like a loser who just wanted some attention by claiming that he is Satoshi but now after looking at his actions it's obvious that he is actively harming the Bitcoin development. Currently, Tulip trading , A company owned by Craig has sued the Bitcoin foundation in UK. Suit claims that Tulip had 100000 Bitcoins that were lost in a hack and now he has sued the developers of Bitcoin and wants them to create a backdoor in bitcoin's code so that he can get his crypto back , such backdoor basically means bitcoin gets hardforked. Also If the suit passes , anyone who is involved in open source development of a code can be sued by anyone affected by such code , this would be an extremely damaging precedent for open source software development including Bitcoin development worldwide.

Texas senate passed a bill today that requires crypto exchanges to provide proof of reserves

So today Texas senate passed a bill called Texas House Bill 1666 where amongst other things it says it require crypto exchanges to have enough necessary reserves. As it says in the bill, crypto exchanges are required to hold reserves in an amount sufficient to fullfill all obligations to their customers. Full bill that they just passed can be read in its entirety here: https://legiscan.com/TX/text/HB1666/2023 . Seems like a reasonable and IMO pretty good thing to have, especially for customers. If all crypto exchanges had to do this by default we would definitely have less cases like FTX happening.

Bitcoin is an Exercise in Democracy, Says Robert F. Kennedy Jr.

Las Vegas resident charged in $45 million metaverse scam that touted trillion-dollar returns

Texas Votes to Require Exchanges' Proof of Reserves; Next Stop Governor’s Desk

Almost every politician talks about crypto

I'm not sure if this is just my attention bias, but every politician now talks about crypto in some way or another. May it be regulations, CBDCs, pro crypto or con crypto. They all talk about it! This is so bullish! It is the most bullish fact for the whole crypto industry ever! Depending on how pro (or not so) crypto the regulation is, it could be shortterm bearish, but on the long run is will be very bullish. Institutions are just waiting for clarity and when they have it, they will invest in BTC and other crypto. Robert F. Kennedy Jr., a candidate for US presidency 2024, was on the Bitcoin 2023 conference and was very pro crypto. The US election year and the year when BTC halving will happen are the same. Also in 2024, analysts say that the FED will pivot. Is this just coincidence? Will be get another super bullrun?

Strike Goes Global, Expands to 65 Countries to Reach 3 Billion People

Another CertiK Certified Project Rugs as $3M Disappears From Arbitrum DeFi Exchange

Volume of Dead Crypto Coins By Death Year 2013-2022

From January to December 2017, the value of BTC rose 1500% - the largest one-year increase in history. As bitcoin gained value and legitimacy, trading volumes increased, and hundreds of new crypto coins were issued. [2,383 total dead crypto coins 2014-2022](https://preview.redd.it/mnn0vwb9zt0b1.jpg?width=1280&format=pjpg&auto=webp&v=enabled&s=8b0cf1f55398c540192a435acee7478b9dc8c9a1) In 2018, however, 751 crypto coins became defunct - the most casualties of any year. Of those, 390 failed due to lack of trade volume and 237 due to issues with fraud. In order Lack of trade volume (66%), scam (22%), ICO fail (10%) and joke or no purpose (1%). See the [full infographic](https://normbondmarkets.com/volume-of-dead-crypto-coins-by-death-year-2013-2022/) by CoinKickoff here.

Use Bitcoin to Buy Real Estate?

Does anyone have any thoughts about buying real estate with crypto? I saw a video about how the process worked, it looks interesting [https://myelisting.com/asap/](https://myelisting.com/asap/)

23k gold leaf on mahogany laser engraved

Jack Dorsey's TBD announces new Web5 toolkit