cryptocurrency
Cryptocurrency
The total crypto market volume over the last 24 hours is $198.41B, which makes a 1.88% decrease. The total volume in DeFi is currently $14.5B, 7.31% of the total crypto market 24-hour volume. https://longfavor.com The volume of all stable coins is now $177.59B, which is 89.50% of the total crypto market 24-hour volume.
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These figures underline the transformative potential of Qubetics, making it a standout choice for investors seeking high-growth opportunities in cryptocurrency. With the current presale phase offering tokens at a fraction of their projected value, now is the ideal time to capitalize on this lucrative opportunity.
Cryptocurrency pastor colorado
The couple’s sales pitches were filled with “prayer and quotes from the Bible, encouraging investors to have faith that their investment … would lead to ‘abundance’ and ‘blessings,’” the complaint said.
Eli Regalado and his wife Kaitlyn Regalado were charged with civil fraud by Colorado’s securities commissioner. The couple allegedly targetted the Christian community, promising them financial success if they invested in a cryptocurrency he invented, dubbed INDXcoin.
Eli Regalado has told his followers charges he pocketed $1.3m “are true” after ran a cryptocurrency scheme with his wife but has defended himself by claiming God told him people would become wealthy if they invested.
“What we’re praying for, and what we’re believing for still is that God is going to do a miracle,” he added. “God is going to work a miracle in the financial sector. He’s going to bring a miracle into INDXcoin. Everyone that has come in for money is going to be able to receive money back,” said Regalado.
Despite expert advice, Regalado insisted that INDXcoin was a utility coin, not a security. He and his wife controlled the only platform to exchange INDXcoin for USD, occasionally shutting it down. Misappropriation of funds is also part of the allegations. It is claimed that the Regalados used $1.3 million of the raised funds for personal expenses.
The Regalados used technical terms to confuse investors and misled them into believing that the coins were valued at between $10-$12 even though they were purchased for $1.50 or, at times, given away, the complaint said.
Cryptocurrency tax
To make things easier for investors, CoinLedger generates a complete income report that is included with your completed crypto tax reports. This report details the US Dollar value of all of your cryptocurrency income events that you received throughout the year: mining, staking, airdrops, and more. This income report can be used to complete your relevant ordinary income tax forms like Schedule 1 and Schedule C.
Cryptocurrency mining on a small or irregular scale will not generally be regarded as a trading activity. The act of mining alone will not make you liable for income tax. Any costs associated with mining will not generally be deductible as expenses of trading.
Where cryptocurrency holdings are liquidated such that they are subject to tax after 31 December 2021 but prior to March 1st, 2022 (and in particular as a result of disposal or trade), the positive or negative income from such liquidation can be taxed voluntarily in accordance with the new system. In this situation, the special tax rate for cryptocurrencies will be applied and the income can be combined with other income generated from capital assets in 2022 for the purposes of compensation of losses.
If you use crypto-asset exchanges or other custodial platforms, it is good practice to regularly export a history of your activity to make sure you keep adequate books and records in the case an exchange ceases operating, stops offering service in Canada, or you lose access to your account.
The rules are different for those who mine cryptocurrency. Cryptocurrency miners verify transactions in cryptocurrency and add them to the blockchain. They’re compensated for the work done with rewards in cryptocurrency.
