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Congress has been debating crypto regulation for years but we started spending it at restaurants and gas stations without waiting for the answer(reddit.com)
Everyone has been waiting for regulatory clarity before declaring crypto payments mainstream. Recent spending data shows that 53% of crypto transactions in the US are already falling into everyday categories. The argument has always been that regulation needed to come first before real adoption could follow but the interesting thing is the data suggests Americans did not wait for any of it. Will the regulatory clarity accelerate this further...I dunno you tell me source: https://www.oobit.com/news/crypto-at-the-checkout-what-americas-spending-data-reveals submitted by /u/Asleep-Equipment-593 [link] [Kommentare]
Beyond the Beginner Stuff: A Guide for a Crypto Newbie in India? (Exchanges, Coins, and the Brutal 30% Tax)(reddit.com)
I’ve done the foundational reading. I know what blockchain is, how decentralization works, and the general theory. I’m ready to actually buy, but I want to skip the beginner fluff. YouTube is a complete cesspool of shills, mixed signals, and sponsored garbage. I want raw, practical answers from people actually doing this from India right now. Help me clear these specific doubts: ​ Exchanges: I want to stay completely legal and FIU compliant. What Indian platform is actually working smoothly for INR deposits and withdrawals? I see CoinDCX, Mudrex, CoinSwitch, etc. Which one has the best liquidity and doesn't freeze your funds randomly? Is anyone using Binance now that they registered, or is it a headache? ​ The 30% Tax + 1% TDS Nightmare: The tax laws here are brutal (no offsetting losses between coins). Do the native Indian exchanges automatically handle the 1% TDS deductions and give you a clean statement for ITR (Schedule VDA)? How do you guys track this without losing your mind or getting a notice? ​ What to buy first: I’m not here to gamble on micro-cap meme coins or day-trade. Is it best to play it safe and stick strictly to a Bitcoin (BTC) and Ethereum (ETH) split for the first few months, or should I be looking at mid-caps? submitted by /u/darshil753 [link] [Kommentare]
Sam Bankman-Fried Loses Appeal as Federal Court Upholds 'Robust' Fraud Conviction(reddit.com)
> Except from the article. ​ FTX co-founder and former CEO Sam Bankman-Fried lost a bid to overturn his 25-year prison sentence and fraud conviction Friday, with a panel of federal appeals judges unanimously upholding the verdict. ​ The Manhattan-based judges, of the Second Circuit Court of Appeals, picked apart Bankman-Fried’s arguments for overturning the judgment, finding each of them uncompelling. ​ “Bankman-Fried makes these arguments in the face of a trial at which the government’s evidence against him was, conservatively stated, robust,” the decision reads. submitted by /u/zesushv [link] [Kommentare]
Guys, Opera's getting shut down in 17 days. Just watched a pretty interesting analysis on what that could mean for the whole ecosystem.(reddit.com)
Just finished watching the video. Opera gets shut down on June 30, and honestly it’s a pretty solid breakdown of Sonic Labs’ current game plan. ​ The main point is that completely killing Opera could end up being a bad look for Sonic long-term. People notice that kind of stuff. Symbolism matters more than most teams think. ​ The idea in the video is basically: keep the costs low by turning Opera into a legacy chain, but leave it standing as a sort of museum piece instead of wiping it off the map completely. That way Sonic moves forward without taking an unnecessary hit to its own reputation. ​ No hype, no moon-boy stuff. Just a realistic take. Apparently they already sent it to the team too. ​ What do you guys think? Pull the plug completely, or go with the smarter transition approach? submitted by /u/Fit_Cartographer_206 [link] [Kommentare]