Rita Martins’ Post

🔔 Breaking News in Crypto! The latest episode of Bitwave Quick Hits is here, and it's a game-changer... In just 5 minutes, we break down the IRS's new ruling that's shaking up the crypto world: Staking rewards are now taxable income in the US. Bitwave Director of Content Trevor Ward, CPA dives deep into the implications of this ruling and what it means for holders and the industry. 🔍 What is staking? It's the process where crypto holders earn rewards by validating transactions on a proof of stake network. 💥 What's the ruling impact? Imagine having to report and pay taxes on countless small rewards earned hourly or daily. The administrative burden is real, and it might (further) discourage staking participation in the US. 🤔 And what about slashing penalties, withholding on foreigners, or delegating to a US node? So many questions, so few answers! One thing's for sure, this ruling changes the game for stakers in the US. But wait, there may be a glimmer of hope.... Join us for this exciting and insightful Quick Hits episode for the full story! 💪 Bitwave is here to help you stay informed and navigate these new waters together. 🌊 #QuickHits #CryptoNews #IRS #StakingRewards #Blockchain #Cryptocurrency #Bitcoin #Ethereum #Finance #Investment #Web3

🚀 Ready to explore the world of #XRP? Join me on a journey into the future of cross-border transactions! 🌎💫 Whether you're new to crypto or a seasoned pro, this blog unravels the magic of XRP. Discover how it's revolutionizing payments and reshaping finance. Remember, I'm not a financial advisor—just a fellow enthusiast sharing insights. Dive in, research, and enjoy the ride! 🚀🔍 #CryptoMagic #XRPExplained #RippleRevolution 📖 Read the full blog here:https://buff.ly/3PlkjHZ #CryptocurrencyInsights #CryptoEnthusiast #DigitalFinance

🔥From the ashes of doubt, crypto rises like a phoenix!🚀 👀 Spotted in today's paper: A testament to resilience and innovation. 2022: Headlines declared, "Crypto is dead." 2023: We're transacting, transferring, and transforming. 2024: 425M on crypto as of 2023, and we at Transak are building to onboard the billion+ in 2024🚀 Let's not just watch but lead the charge into a future where financial empowerment is digital, decentralized, and inclusive. #Crypto #BeTheChange Credits: Coinbase on The Wall Street Journal (Dec 19th 2023)

Is the crypto circle over? No. Let me tell you why. Every cycle has 4 phases: 📌 The first is the "Stealth Phase," where projects are quietly being built but no one is paying any attention. This is the moment when the smartest money enters. 📌 Second is the "awareness phase," where previous crypto investors and their close circle start catching on to that innovation; they start to buy, and prices go up a little. Usually, you'll also get some "bear traps." That's where we are today. 📌 The third is the "Mania Phase," where everyone, even taxi drivers, catches on. Prices go crazy, and nothing makes sense anymore. This is the beginning of the end. 📌 Last is the "blowoff phase," when the market corrects sharply and deletes many of the profits people have made. Now you know where we are. Let's milk it. Visit my website: www.probabafx.net Follow on Instagram: @probabafx Follow on Instagram: @probabafxacademy Follow on Twitter (X): @probabafx_ Follow on Youtube: @probabatv Email for Business Inquiries: info@probabafx.net Disclaimer: Investments come with risk. Please always seek expert advice and make sure you are informed before you jump in. #probabafx #crypto #btc #bitcoin #bullrun

Steering a fintech business in crypto space since 2019 has been a wild ride. We launched amid the chill of the 2018-2019 crypto winter, soared through the 2020-2021 boom, and weathered the storm as peers like Blockfi, Celsius, and FTX faltered. Through years when crypto was out of favor, we persevered. Now, with #Bitcoin  nearing its peak of $69k, it's clear: we've survived another winter. It's in these harsh conditions that the undaunted thrive and the rest fall away. Bitcoin's cycle is as reliable as time itself, rewarding the resilient. I'm grateful for this journey, for Bitcoin, and for the strength gained, building a business that endures and evolves with every cycle. #CryptoFintech #Resilience #BitcoinCycle

We're at Point Zero Forum this week! Great session today on the use of #permissionless #blockchains in financial services, which is an important topic coming up at one of our roundtables shortly. The session was moderated by Pradyumna Agrawal (Temasek) and featured a number of incredible speakers, including Digital Pound Foundation members Ripple and Fireblocks, with Lauren Belive and Varun Paul representing. Other speakers included: Ashley Lannquist (International Monetary Fund), Nilmini Rubin (Hedera), Sergey Nazarov (Chainlink Labs), Bruno Batavia (Valor Capital Group), Caroline Butler (BNY), Mo S. (Aptos Labs), Naveen Mallela (J.P. Morgan), Sabih Behzad (Deutsche Bank), Seth Ginns (CoinFund), and Stefan Grasmann (Zühlke Group). The Digital Pound Foundation is a Media Partner for #PZF2024. If you're in the #Zurich and would like to attend the final day tomorrow, you can secure a 20% discount using our registration link 👉 https://buff.ly/3W6QdeY ... #PointZeroForum #Switzerland #Ripple #Fireblocks #DigitalMoney #Blockchain #DLT #DigitalCurrencies #Cryptocurrency #Stablecoins #CBDC #Payments #Finance #TradFi #FinTech

Crypto seems like an easy money-making industry to be in, right? Well, guess what? You are WRONG. Profits Aren’t Profits Until They're Secured. uPNL - Unrealized P&L. Imagine you have a portfolio that starts at X and then skyrockets to 3X. "Wow, I've tripled my money!" Wrong! You haven't made anything until you cash out. That 3X? It's just a number on a screen until it's in your bank account. The worst part about this is when you 3x your money, it seems obvious that you would cash out. Wrong again! One interesting theory I’ve read about recently is George Soros' theory of reflexivity. This is when a feedback loop is created between participants' perceptions and economic realities. I think a stock looks good, I buy it, it goes up, and then I buy more because I believe it will go up even more. My buying, along with others, actually makes it go up. I say I will cash out when it goes up 10% from here, but when it reaches that point, I believe it will go up further, so I don't sell, and then it crashes. The End. See this Small Move? Doesn't look too bad, right? Wrong again! This "small move" can tank most of your coins by 70% or more. Not exactly the fun, easy ride everyone talks about, huh? So, the next time someone tells you crypto is easy money, just smile and nod. They clearly haven't ridden the rollercoaster. Welcome to the wild world of crypto - where every dip is a heart attack and every high is a fleeting dream. Buckle up, buttercup, and enjoy the ride! 🎢💸 Build a strategy Build a Network Learn constantly Stay objective Also just have fun because no one knows what they doing :) #BTC #CryptoCurrency #Trading #Blockchain #Investing

#Choosing_Liquidity_Lock_Provider: Navigating the Options ⛓🔒 Selecting the right liquidity lock provider is a crucial step for any project. With the market flooded with options, both emerging and established, how do you make the right choice? Some simply lock tokens without much ado, while others demand a hefty 0.5% fee and tout your project. Of course, this fee becomes substantial for larger lock amounts. Test liquidity on FlokiFi https://lnkd.in/dSqFNBMp Let's delve into the numbers. If you lock tokens worth $1,000,000, they'll gladly make an announcement – a shoutout that comes absolutely free. But hey, 0.5% of $1M equals $5,000 – a fee that could fund a significant amount of advertising. "Are you among those acquiring tokens $HADA for $2000? I'll showcase your information across all our social media platforms." Moving forward, we've taken another stride. We've tested liquidity placement on a trusted friend – the well-regarded platform, Pinksale. Why Pinksale, you ask? 1. No hidden fees. 2. No need to part with 0.5% or more of the lock amount. 3. Clear and fair unlock rules. Our test liquidity is now on Pinksale, and we've also been evaluating changes in our ratings. Upon seeing favorable shifts, the entire liquidity sum heads to #Pinksale. Test liquidity on Pinksale https://lnkd.in/dmYCR8kD Remember when we mentioned tests and platform selection upon reaching $1000 liquidity? Well, we're on track and determined. #LiquidityLock #ProviderChoice #Transparency #Pinksale #Cryptocurrency #ProjectGrowth #Decisions #Investment #FlokiFi

Are you looking for the next big gem in the crypto world? Look no further! @diamondhanderc has it all - the power of #DiamondHands, the charm of #PEPE, and the strength of #ERC! 🌟 Join the movement and HODL #DIT tokens for a rocket ride to the moon! 🚀. DiamondToken (DIT) is a radiant beacon in the crypto universe, symbolizing strength and unity. Its remarkable rewards and passionate community make it a force to reckon with. Hold tight, as this gem propels towards a stellar future! Unlike utility-driven tokens, $DIT does not possess any inherent functionality or specific use cases. Instead, it offers users the freedom to explore and define its purpose within the bounds of their imagination. By emphasizing enjoyment and playfulness, Diamond Token aims to attract individuals seeking a more lighthearted and expressive experience in the crypto space." 💎🙌 The power of Diamond Hands is incredible. When we hold onto our investments for the long term, we not only build wealth, but we also become part of a community that values strength, resilience, and conviction. I'm proud to be a part of the Diamond Hands movement and excited to see where it takes us next! #DiamondHands #investing #finance #cryptocurrency #stockmarket #HODL #holdstrong #trading #investor"

"Intangibles—Goodwill and Other— Crypto Assets (Subtopic 350-60) - Accounting for and Disclosure of Crypto Assets", published now in December 2023 by the Financial Accounting Standards Board (FASB). 👇 This update is being issued to enhance the #accounting treatment and #disclosure practices related to #cryptoassets. Feedback from #stakeholders emphasized the need for prioritizing improvements in the #accounting and disclosure of #cryptoassets. Stakeholders expressed concerns that the current #accounting model, particularly treating #holdings of #cryptoassets as indefinite-lived #intangible assets with a cost-less-impairment approach, fails to provide decision-useful information to #investors, lenders, creditors, and other capital allocators. According to the stakeholders, the existing practice of #accounting for only the decreases, not the increases, in the value of #cryptoassets until they are sold was identified as inadequate for reflecting both the underlying #economics of these assets and an entity's #financial position. Stakeholders also called for additional #disclosures regarding the types of #cryptoassets held by entities and changes in these #holdings. Link: https://lnkd.in/d4umefj9 #web4 #web5 #fintech #digitalera #defi #cryptocurrency #digitalcurrency #virtualassets #digitalassets #virtualcurrency #digitaltransformation #blockchain #dlt #stablecoins #cryptoassets #web3 #tokenization