Article: They were ancient internet memes. Now NFTs are making them rich

Crypto, Money

They were ancient internet memes. Now NFTs are making them rich

Their faces were the backdrop of the 2010s. Now the likes of Scumbag Steve and Bad Luck Brian are cashing in with non-fungible tokens.

The smart contracts that underpin NFTs mean that, unlike traditional art auctions, the original creators can ensure they take a cut of any future sales too. Most of the OG meme NFTs are being auctioned via Foundation, which gives a standard ten per cent share of any future sales to the person who minted the original NFT.

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Article: Decentralized Finance Is Building A New Financial System

Blockchain, Crypto, Decentralized Internet, Money

Decentralized Finance Is Building A New Financial SystemDecentralized Finance Is Building A New Financial System

DeFi challenges this centralized financial system by disempowering middlemen and gatekeepers, and empowering everyday people via peer-to-peer exchanges.

“Decentralized finance is an unbundling of traditional finance,” says Rafael Cosman, CEO and co-founder of TrustToken. “DeFi takes the key elements of the work done by banks, exchanges and insurers today—like lending, borrowing and trading—and puts it in the hands of regular people.”

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Article: How Is Cryptocurrency Taxed?

Blockchain, Crypto

How Is Cryptocurrency Taxed?How Is Cryptocurrency Taxed?

Crypto taxes are based on a 2014 IRS ruling that determined cryptocurrency should be treated as a capital asset (like stocks or bonds), rather than a currency (like dollars or euros). This decision has major ramifications for people who own crypto, as it opens them up to more complicated taxes.

Capital assets are taxed whenever they are sold at a profit. When you purchase goods or services with cryptocurrency, and the amount of crypto you spend has gained in value over what you paid for it, your spending incurs capital gains taxes.

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