DeFi has been the darling of the crypto sector for most of the last three years. However, recent events, including the sudden and dramatic implosion of LUNA and UST, have led to much speculation about the future of this nascent sector. Can DeFi weather the current storm to resume its previous meteoric growth?
The relationship between cryptocurrency operators and regulators has always been inherently tense. While most of the major economies have tacitly given legal acceptance to certain cryptocurrency-related activities by taxing them, the regulatory risk is still very real in many jurisdictions.
At this point in the evolution of cryptocurrency, the sector is as vulnerable to seismic world events as almost any other. The markets are one factor to consider, as the price of Bitcoin has proven somewhat vulnerable to broader volatility. However, there are also more fundamental questions around cryptocurrency’s role in this unprecedented crisis.
Many traders may have become caught up in the NFT hype without considering that the taxman may eventually be interested in their activities. So now that tax season has arrived for many, what’s the current tax situation for NFTs, and what do traders need to do?
What’s the story with platform tokens, and can we expect the trend to continue?
In June 2021, the government of El Salvador passed a historic bill that would allow the country to adopt Bitcoin as legal tender.
Decentralized finance, or DeFi, has become perhaps the biggest phenomenon in cryptocurrency over recent years.
People around the world are already considering an alternative to carrying cash and digital wallets have become especially popular during recent times
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