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Competition Among Rebel Satoshi, TRON, and Chiliz for Superior Passive Income Opportunities

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TLDR

  • New Rebel Satoshi fuels a crypto rebellion in the current financial system.
  • On-chain data shows TRON’s founder withdrawing $60 million in crypto on Binance.
  • Innovative digital wallet Ramper integrates with Chiliz.

After a few declining weeks, the tide has turned quickly for some top crypto coins. Chiliz (CHZ) and TRON (TRX) are among the best performers.

Yet, Rebel Satoshi ($RBLZ) is more enticing to investors seeking a passive income opportunity and a fun, rebel-themed environment. Learn more about this eccentric meme coin, which is close to going live next month.

 

Rebel Satoshi Initiates A Crypto Rebellion in The Modern Financial Era

Rebel Satoshi is a crypto rebellion in the modern financial age, fueling a DeFi movement and taking the baton from its namesake, Satoshi Nakamoto. It’s building a vibrant community that will be further engaged with interactive quests, virtual gatherings, and other collaborative ventures.

Rebel Satoshi increases the entertainment further with the Rebel Meme Hall of Fame. This exclusive community gallery is for early adopters to showcase their best rebel-imagined memes. Another benefit reserved for a chosen few is the Rebellion Secret Council, where members receive insider updates and governance power.

Owning the $RBLZ utility token is necessary to obtain these perks. Moreover, it provides:

  • Low-effort passive income through staking
  • Access to the Rebel Artefacts Vault, a treasure chest of the coolest NFT collection with almost 10,000 collectibles and digital art characters

$RBLZ is also a deflationary token (in addition to having a capped supply of 250 million), as unsold coins will be ‘burnt’ after Rebel Satoshi‘s presale. This sale event is in the last round, with $RBLZ currently worth $0.022, a 120% increase compared to its value ($0.010) in the first stage.

$RBLZ will surge 13.6% to $0.025 after the presale ending in February 2024. Imminent developments to anticipate include the token’s exchange listings, the official launch of Rebel Satoshi, and more!

Now, let’s focus on the pertinent developments for TRON and Chiliz.

 

 

TRON Founder Has Withdrawn $60 Million Worth of Crypto From Binance

Since he’s the founder, Justin Sun is a frequent subject of TRON’s trending developments. On-chain data from Lookonchain paints an interesting picture of the young entrepreneur’s activity on Binance.

Sun has withdrawn $60 million across several top altcoins like ETH, SHIB, and AAVE between December 18, 2023, and January 21, 2024, on Binance. It isn’t clear what the motivation is for these transactions.

Either way, this is the least of TRON’s enthusiast worries. The Q4 2023 report from Messari highlights TRON’s brilliant 2023. TRON saw increases in several areas like total value locked, revenue, and market cap, to name a few.

After dropping to a recent low of $0.106, TRX is up 8%, trading at $0.115, close to breaching its 2024 high of $0.117. Based on forecasts, it seems a question of when rather than if, indicating TRX can hit a minimum yearly peak of $0.35.

 

Ramper And Chiliz Chain Integration Unlocks Opportunities

2024 has already seen two major integrations from other platforms within Chiliz. It began earlier in the month with the Rarible Protocol, where Chiliz developers can now create popular NFT marketplaces.

The next partnership Chiliz recently experienced was with Ramper, a social login wallet solution. Chiliz users can access the Ramper wallet more easily within Chiliz and enjoy many decentralized or Web3 apps. Ramper is an advanced yet simple-to-use wallet where anyone can connect securely by email or single sign-in. It also efficiently handles seed phrase management.

Not long ago, CHZ saw an 18% drop from $0.11 to $0.091 due to a withdrawal issue with ChilizX. Yet, it has quickly shot back up 27% to $0.116, CHZ’s 2024 high. Moreover, forecasts indicate the potential for the token to be worth at least $0.45 by the end of 2024.

For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram



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Press Release

Understanding the Importance of Reporting Crypto Casino Income for Taxes

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Cryptocurrency has become increasingly popular as an investment and means of exchange. Crypto tokens have created entirely new platforms, like crypto casinos and sportsbooks. Still, many people need to pay more attention to reporting their digital asset income for tax purposes. It doesn’t matter whether you’re buying, selling, or trading cryptocurrencies; it’s essential to understand your tax obligations. You must learn how to accurately report your digital asset income to the authorities. Correctly reporting cryptocurrency taxes will help you stay compliant and avoid potential penalties. One tax mistake could cost you a bundle in fees.

 

Understanding Taxable Events

One of the first steps in reporting cryptocurrency taxes is understanding what counts as a taxable event. Taxable events generally include selling or exchanging cryptocurrencies for fiat currency. The dollar and euro are two examples of iat currencies. Other taxable transactions include exchanging one bitcoin for another and accepting cryptocurrencies as payment for products or services. Don’t forget that creating cryptocurrency through mining or staking is a taxed activity. Each of these transactions could result in unpleasant liabilities. To avoid such obligations, keep detailed records of all your cryptocurrency transactions throughout the year.

 

Keeping Accurate Records

Keeping detailed records of your cryptocurrency transactions is critical for appropriately reporting taxes. Accurate documentation requires recording the date, time, and value of each transaction. Other relevant information should include the transaction type and cryptocurrency involved. You should also keep account of any fees or commissions paid, as well as any gains or losses resulting from each transaction. Using a bitcoin monitoring tool or program can help speed up the process and ensuring you have all of the necessary information when it comes time to file your taxes.

 

Calculating Gains and Losses

Once you have precise records of your bitcoin transactions, you must compute your gains and losses for tax reporting purposes. To estimate losses and gains, calculate your capital by subtracting the purchase price of each cryptocurrency you acquire from the revenues of each sale or exchange. Remember that the standards for determining earnings and losses may differ among tax countries. As a result, it is critical that you become acquainted with the specific tax rules governing your country or region.

 

Reporting Cryptocurrency Income

When it comes time to report your cryptocurrency income on your tax return, you must include information about losses and gains in the appropriate section or schedule. In many countries, you’ll need to report your cryptocurrency income as part of your annual income. Some regions require you to file a separate schedule or form specifically for cryptocurrency transactions. Consult with a tax professional if you need help reporting your cryptocurrency income correctly.

 

Filing Taxes Electronically

Many tax authorities now provide electronic filing alternatives, making reporting bitcoin taxes easier. By filing your taxes electronically, you can limit the possibility of errors. Additionally, you may ensure that your tax return is processed fast.

If you need assistance reporting your cryptocurrency earnings, seeking professional advice is usually a smart option. A knowledgeable tax professional accountant can assist you in understanding your tax obligations and optimizing credits. A professional will ensure that you comply with all applicable tax rules and regulations. While it may incur an additional cost, the peace of mind you’ll gain will be well worth it in the end.

Reporting cryptocurrency taxes can be a complicated task. However, it is critical to comply with tax rules and regulations. Understanding taxable events and maintaining proper records is just one way to stay on top of cryptocurrency tax issues. With careful planning and attention to detail, you may confidently and safely navigate the world of cryptocurrency taxation.



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Terraform Labs To Settle SEC Case For $4.47 Billion

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  • Terraform Labs reached a $4.47 billion settlement with the US Securities and Exchange Commission (SEC) related to the implosion of TerraLuna (LUNC) and TerraUSD (UST).

Terraform Labs agreed to pay a bigger penalty than the fine the US Justice Department levied on crypto exchange Binance. 

According to court filings on Wednesday, Terraform Labs reached a $4.47 billion settlement with the U.S. Securities and Exchange Commission (SEC) related to the implosion of TerraLuna (LUNC) and TerraUSD (UST).

The proposed penalty submitted by SEC prosecutors followed a two-week trial in March and a preliminary deal disclosed late last month. A jury determined that both Terraform and its founder, Do Kwon, were legally responsible for the company’s crash in 2022. 

The settlement is subject to approval from a New York judge and could be one of the largest settlements between a crypto entity and a U.S. regulator. The SEC initially sought $5.3 billion in fines from both parties.

Federal prosecutors initially argued for $4.7 billion in disgorgement, accompanied by a combined $520 million in civil penalties from the firm and Kwon.

Terraform’s Founder Extradition 

Do Kwon is also awaiting extradition in the Balkans, pending approval for his removal to either the U.S. or his home nation, South Korea.

Kwon’s sentence for travel paper fraud expired in March, and the fugitive was released on home arrest from Spuž prison in Montenegro. 

The one-time crypto mogul was previously on the run, after Terra’s $60 billion collapse reverberated through the digital asset industry and unleashed cascading bankruptcies on several entities.

Extradition to America or South Korea was approved on several occasions. However, the decisions were overturned in a continued back-and-forth between attorneys and Montenegro’s judicial system. 

At press time, Kwon’s extradition destination is yet unknown but the former crypto-billionaire could face long years in prison over his role in Terra’s tumble.



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Circle Launches Programmable Wallets And Gas Station on Solana

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  • Circle is launching its Programmable Wallets and gas station on the Solana network.
  • Circle has expanded its Web3 Services, adding support for Solana, the company said in an announcement.

Circle’s Web3 Services empower businesses and developers looking to launch on-chain apps. To bring these benefits to Solana, Circle is launching its Programmable Wallets and gas stations on the network.

“With this initial launch of Circle’s Programmable Wallets supporting the Solana ecosystem, we’re excited to empower Solana developers to build innovative applications that are secure, scalable, fast, and cost efficient,” Circle noted.

Integration Will Be In Two Phases

Circle plans to enable the integration in two phases, starting with support for Programmable Wallets and Gas Station. 

The platform’s APIs and SDKs will allow developers to build and scale applications with fungible token transfers and capacity to sponsor end user transaction fees.

The next phase of the integration will see developers benefit from support for non-fungible tokens (NFTs) and Smart Contract Platform interactions. Updates will also allow for additional use cases, including NFT integration in gaming and for brand loyalty.

Currently, Circle’s Programmable Wallets are enabled for Ethereum, Polygon PoS, and Avalanche. Solana is the latest blockchain integration.

Solana’s Network Growth

Circle’s expansion of its Web3 Services to Solana is only the latest collaboration that aims to strengthen the blockchain platform.

The company also offers native USDC and EURC integration on Solana, and enabled its Cross-Chain Transfer Protocol (CCTP) on the network in March.

Solana has also seen major partnerships and integrations with other ecosystem players. Recently, Squads Labs announced Solana’s first smart wallet Fuse, unveiling a public TestFlight for iOS.

In late May, payments giant PayPal expanded native availability of its stablecoin PayPal USD (PYUSD) to Solana.

PayPal noted that the integration is key to enhancing commerce across the globe, with users benefitting from transaction speed and low costs.



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