Investors Shifting Focus from Cardano and Brett to MoonBag Meme Coin, Drawn by 0% Tax and Future Potential!

In the crypto market, where even giants struggle to keep in pace and maintain stability, where can investors take refuge? Are you tired of transaction costs eating your gains and unpredictable swings? When Cardano struggles with slow adoption despite technological leaps and Brett struggles amid market fluctuations, investors are left worried.

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Trump’s Bags Announces Its Official Launch, Combining Meme Coin’s Playful Nature And Real Utility

Trump’s Bags, a crypto meme token integrating automated smart contracts and real-time transaction tax donations to Donald J. Trump, has officially launched. As a meme coin, Trump’s Bags was created to automatically convert transactions tax to support Donald J.

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Normie Dumps 99% as Attacker Calls Meme Coin’s Tax Contract a 'Copy-Paste' Job

Attackers exploited a tax function in the token’s code that allowed them to issue more tokens and completely drain liquidity pools.

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Can MoonBag Coin’s 0% Tax and 88% APY Overshadow Solana and Avalanche?

Have you ever wondered why some cryptos bloom while others stagger? The crypto market is filled with opportunities and risks, as seen with projects like Solana and Avalanche, which face challenges like price volatility and market sentiment.

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Get Rich With This Brand-New Meme Coin That’s Taking the Market by Storm

TLDR 1. NuggetRush is a new meme coin that offers P2E gaming to earn real money. 2. It has raised $190K in the presale from early investors in Round 1. 3. It has a zero tax policy on buying and selling the coins.

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Coin Center responds to US lawmakers’ request for crypto tax guidance

The crypto advocacy group’s suggestions included a de minimis exemption for crypto transactions and having the IRS provide guidance on block rewards, airdrops and hard forks.

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Floki Inu price soars on DAO proposal to burn 4.97 trillion FLOKI

Floki Inu will burn 4. 97 trillion FLOKI tokens worth over $55 million if the DAO vote passes. The meme coin project is also looking to cut transaction tax from 3% to 0. 3% and permanently disable the cross-chain bridge.

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Should you buy LUNC after developers lower the burn tax rate?

The Terra Classic contributors within the blockchain have reduced the burn tax, which was applied to all Terra Classic (LUNC) transactions. Terra Classic is essentially the original Terra (LUNA/USD) coin which was left behind following the launch of the new Terra chain after its collapse.

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Shiba Inu Trying To Extricate From Bearish Grip As SHIB Seen Rising This Week

Since the beginning of August, Shiba Inu has been actively engaged in corrective activities. The meme coin has been distancing from its origins and has been highly effective with doing so. An actual use case for SHIB was just introduced last month when it became possible to use the token to settle tax obligations in the cryptocurrency space.

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Coin Center Sues U.S. Treasury and IRS Over ‘Unconstitutional’ Tax Reporting Rule

Coin Center filed a lawsuit against the U.S. Treasury Department for drafting an unconstitutional amendment to the infrastructure bill. The post Coin Center Sues U.S. Treasury and IRS Over ‘Unconstitutional’ Tax Reporting Rule appeared first on BeInCrypto.

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Coin Center Sues US Treasury Over 'Unconstitutional' Tax Reporting Rule

Crypto think tank Coin Center filed a suit against the U.S. Treasury Department and Internal Revenue Service on Friday, claiming a crypto tax reporting requirement enshrined in a 2021 infrastructure law is "unconstitutional."

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Coin Center Sues US Treasury Over 'Unconstitional' Tax Reporting Rule

Crypto think tank Coin Center filed a suit against the U.S. Treasury Department and Internal Revenue Service on Friday, claiming a crypto tax reporting requirement enshrined in a 2021 infrastructure law is "unconstitutional."

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Portugal becoming its own enemy with 28% tax on bitcoin and crypto

Portugal’s finance minister has announced that cryptocurrency enthusiasts must take into account a 28… The post Portugal becoming its own enemy with 28% tax on bitcoin and crypto appeared first on Coin Journal.

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Germany publishes first tax guide for crypto: ETH and BTC sales are tax-free

We might be in a deep dip, implementation of regulation still continues. The German… The post Germany publishes first tax guide for crypto: ETH and BTC sales are tax-free appeared first on Coin Journal.

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India’s crypto tax policy takes effect on 1 April: Here’s a brief recap

In February, India’s Finance Ministry introduced new tax proposals on cryptocurrency, with the effective… The post India’s crypto tax policy takes effect on 1 April: Here’s a brief recap appeared first on Coin Journal.

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Highlights March 28: Cryptos rally, new wealth tax in the US

The crypto markets were higher this morning, with most of the top 10 cryptos…

The post Highlights March 28: Cryptos rally, new wealth tax in the US appeared first on Coin Journal.

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India’s crypto tax law clarification is ‘a step backwards’, says CEO of CoinSwitch

India’s proposed crypto taxation law will take effect on 1 April this year. Ashish… The post India’s crypto tax law clarification is ‘a step backwards’, says CEO of CoinSwitch appeared first on Coin Journal.

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Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says

India’s Finance Minister had announced a 30% tax on all crypto income, including NFTs… The post Taxes don’t mean crypto trading automatically becomes legal, Indian tax official says appeared first on Coin Journal.

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India to impose 30% tax on crypto income, CBDC in 2022-2023

The 30% tax is the highest income tax bracket in India India will also…

The post India to impose 30% tax on crypto income, CBDC in 2022-2023 appeared first on Coin Journal.

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Ark Invest’s Cathie Wood hasn’t invested in the ProShares Bitcoin ETF

The investor said concerns about tax ramifications informed her decision to take time to… The post Ark Invest’s Cathie Wood hasn’t invested in the ProShares Bitcoin ETF appeared first on Coin Journal.

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Crypto tax rule will be decisive in South Korea’s upcoming election

South Korean presidential candidates have started calling for changes in the crypto tax rules… The post Crypto tax rule will be decisive in South Korea’s upcoming election appeared first on Coin Journal.

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South Korean crypto tax to come into effect in 2022, as planned

The agreement reached last week means that the effective date for taxing cryptocurrencies remains… The post South Korean crypto tax to come into effect in 2022, as planned appeared first on Coin Journal.

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US to pass controversial infrastructure bill: House Speaker

The bill passed in the Senate in August and includes crypto-focused sections on tax… The post US to pass controversial infrastructure bill: House Speaker appeared first on Coin Journal.

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Russian lawmakers want crypto mining recognised under entrepreneurship law

Recognition for crypto mining will also allow the government to formally tax miners, a… The post Russian lawmakers want crypto mining recognised under entrepreneurship law appeared first on Coin Journal.

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Crypto.com launches free tax reporting service in Australia: is CRO worth buying?

The Crypto. com Coin CRO/USD is the native cryptocurrency token. It serves the role of porting the Crypto. com chain. Crypto. com is a payment, trading as well as financial services company.   The next obvious step in Crypto.

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Bitcoin shakes off negative US crypto tax news, price hits $45,000

The last time Bitcoin traded above $45,000 was on 18 May Bitcoin's price soared… The post Bitcoin shakes off negative US crypto tax news, price hits $45,000 appeared first on Coin Journal.

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Shock as Biden sides with tax plan that favours PoW over PoS

The White House is reportedly in favour of exemptions to miners only, a move…

The post Shock as Biden sides with tax plan that favours PoW over PoS appeared first on Coin Journal.

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US Senators propose crypto tax to raise $28BN for infrastructure

The proposals seek to have all transactions of $10,000 or more reported to the… The post US Senators propose crypto tax to raise $28BN for infrastructure appeared first on Coin Journal.

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Binance partners with Koinly to help Australians with tax reports

As the ATO reminds investors of their tax obligations, Binance Australia is ramping up… The post Binance partners with Koinly to help Australians with tax reports appeared first on Coin Journal.

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Weekly Report: Monobank plans crypto entry as Kazakhstan enacts crypto tax rule

Here is a summary of the week’s top cryptocurrency news that you may have… The post Weekly Report: Monobank plans crypto entry as Kazakhstan enacts crypto tax rule appeared first on Coin Journal.

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Kazakhstan to Tax Bitcoin Miners as New Law Comes into Effect

Bitcoin miners have recently flocked into Kazakhstan after China began a major crackdown on… The post Kazakhstan to Tax Bitcoin Miners as New Law Comes into Effect appeared first on Coin Journal.

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South Korea Seizes Over $47M in Crypto from Wealthy Tax Evaders

A renowned TV host and a doctor are among wealthy individuals whose crypto assets… The post South Korea Seizes Over $47M in Crypto from Wealthy Tax Evaders appeared first on Coin Journal.

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Here’s why Barry Sternlicht was right in selling his bitcoin

Long-term capital gains occur when an investor sells a cryptocurrency coin after holding it for more than 12 months. The tax rate historically varied between 0% and 20%, depending on the filing status as well as income level.

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Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says

The rapid growth in cryptocurrencies has fuelled a rise in investment in the South-East… The post Indonesia Mulls Tax on Cryptocurrencies Following Surge in Interest, Reuters Says appeared first on Coin Journal.

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Bitcoin Nearing Daily Low While COIN Drops Below $300 on Biden's Tax Proposal

Coinbase (COIN) plunged below $300 after Biden's taxed proposal pummeled the markets

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KPMG LLP, BitGo, Inc. and Coin Metrics, Inc. launch combined offering including the debut of Coin Metrics’ FARUM™ for public blockchain networks

KPMG LLP, the audit, tax and advisory firm, BitGo, Inc and Coin Metrics Inc. have announced a combined offering and the commercial launch of Coin...

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Kentucky to attract cryptocurrency miners with tax breaks

Kentucky is looking to attract cryptocurrency miners to the state by offering them tax… The post Kentucky to attract cryptocurrency miners with tax breaks appeared first on Coin Journal.

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Ex-Microsoft employee sentenced over Bitcoin tax fraud

Former Microsoft employee, Volodymyr Kvashuk, was sentenced yesterday for tax fraud that involved Bitcoin... The post Ex-Microsoft employee sentenced over Bitcoin tax fraud appeared first on Coin Journal.

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After Targeting BitMEX, SEC Takes On John McAfee, Who Made Over $23M From Fraudulent ICO Promotions

SEC’s next target, finally, is John McAfee. In just a week, the US Securities and Exchange Commission went after BitMEX, and the 74-year-old software magnate turned crypto bull. McAfee was reportedly nabbed in Spain today and is now facing extradition to the US over charges of fraud for promoting initial coin offering (ICO) and tax evasion, […] The post After Targeting BitMEX, SEC Takes On John McAfee, Who Made Over M From Fraudulent ICO Promotions first appeared on BitcoinExchangeGuide.

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Liechtenstein tops PwC’s crypto tax index

PwC has revealed that the increasing interest in cryptocurrency assets from tax authorities shows...

The post Liechtenstein tops PwC’s crypto tax index appeared first on Coin Journal.

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A new Israeli draft proposes exempting Bitcoin from taxation

A new proposal by the Israeli lawmakers might have a massive impact on Bitcoin, as the recent draft proposed to start treating the coin as a currency. If the proposal ends up becoming law, Bitcoin will officially be exempt from tax purposes.

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The IRS is sending tax warning letters to crypto traders

A new batch of US crypto users have received warning letters from the Internal...

The post The IRS is sending tax warning letters to crypto traders appeared first on Coin Journal.

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U.S. Congress appeals for a fair tax on crypto staking rewards

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for a fairer tax on staking rewards, a Coin Center letter revealed Tuesday.   However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.

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U.S. Congress appeals for zero tax on crypto staking rewards

A group of Congress members in the US have sent a letter to the Internal Revenue Service (IRS) asking for zero tax on staking rewards, a Coin Center letter revealed Tuesday.   However, a tax must be levied when such rewards are sold, instead of acquired, said the Congressmen.

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Loophole in U.S. Tax Law Could Allow Bitcoin Traders to Write off Unlimited Losses

A loophole in the U. S. tax law could allow qualified bitcoin traders to write off unlimited losses from their trading activities, according to an expert from crypto tax platform Coin Tracker. Traders, defined by U.

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Japan’s finance minister hints he may oppose lower taxes for crypto

The minister argues that the proposed tax levels will not encourage investment into cryptocurrencies... The post Japan’s finance minister hints he may oppose lower taxes for crypto appeared first on Coin Journal.

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South Korea is Proposing A Tax on Profits From Crypto-Fiat Transactions

The South Korean Ministry of Strategy and Finance is proposing a tax on profits from crypto-fiat transactions, reported a local news outlet. The proposition was made earlier this week which also includes the sale of the token through initial coin offerings (ICO) and crypto mining organizations.

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South Korea to tax crypto income from next year

The country plans to make traders, miners and projects receiving initial coin offerings to pay income tax from March 2021 South Korea will tax cryptocurrency traders, miners, and initial coin offerings from next year, according to reports in local news outlets.

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Bitcoin: Are current crypto-tax laws hindering coin's adoption?

Crypto-taxing has been talked about a lot lately. While South Korea's regulators recently stated that taxes cannot be imposed on crypto-profits, Spain’s tax agency, the Agencia Estatal de AdministraThe post Bitcoin: Are current crypto-tax laws hindering coin's adoption? appeared first on AMBCrypto.

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