Yeah!! It’s Monday… and… stuff..
We hope you’re feeling good this Monday.
It looks like summer could officially be over too.
Don’t worry… it’ll be spring before you know it.
On top of that, your crypto investments will probably be making some moves by then.
The Law
New tax laws being drafted for crypto!
Heads up! The Democrats are looking to change the wash sale rules for cryptocurrency in the 3.5 trillion dollar bill. This article linked discusses it in a one off comment. They never like to reveal the tax increases too early before they pass it because they don’t want us to have time to object and mount a campaign against.
House Democrats sneaking crypto wash trading rules into tax increase bill
We really don’t have anything to say here other than make sure you’re paying taxes on your crypto.
The IRS is positioning itself to pounce.
Uncle Sam always wants his cut.
Stocks
Binance CEO Says US Platform Could IPO In Three Years
Binance CEO Changpeng Zhao says that the exchange’s US platform, Binance.US, is looking at an initial public offering (IPO) in the next three years.
Zhao says that the IPO would be dependent on the exchange’s growth, which would also rely on cryptocurrency market conditions. Binance.US is also seeking to complete a major private funding round within the next two months.
This is an older story from last week or so, but we noticed it has been getting a lot of recent attention.
It points to assets worth your time to investigate and potentially invest in that are outside of existing digitally.
In other words, assets involved with blockchain technology that aren’t cryptocurrencies and so on.
NFTs
In celebration of smart contracts launching, we’ll be releasing our NFT project this week on Cardano. CryptoPeeps is a pop art NFT collection that stores the artwork directly on-chain. Details coming soon. Power to the Peeple!
We’re really excited about this project.
We’re big believers in ADA, and are pumped to see something like this come out.
Metaverse
Experience the Metaverse in Your Own Style with Trace Network
Trace Network, the state-of-the-art DeFi and NFT protocol for a wide range of enterprise-grade and consumer applications offer a unique, immersive experience to the community in the virtual world. In a recent announcement, the project expressed its intention to create a lifestyle NFT based protocol for the metaverse. The new protocol will offer limitless customization options for the end-user while allowing brands to enable virtual personas to flaunt their creations.
Trace Network Labs recognizes the need for an immersive virtual experience among netizens, which has encouraged it to create the lifestyle NFT based protocol for the metaverse. Having already created Bling Marketplace, enabling luxury lifestyle brands to create NFT versions of real-world products for sale and auction on a decentralized platform, Trace Network will now enable these very brands to provide NFT wearables and consumables for their customers.
These NFT wearables and consumables will continue to represent the actual real-world articles, and users who own these NFTs may also get to own the corresponding physical product as well — which is of course at the discretion of the brands who issue them. Further, as long as they own the product, they can flaunt it on their avatars in the virtual world. Trace Network is offering the metaverse-focused NFTs as a multichain solution, enabling portability across different metaverses on all leading blockchain protocols.
This is the first piece of Metaverse news we accidentally stumbled upon, rather than searching ourselves, so we feel obligated to share it.
This article really brings back some nostalgia — reminds us of when Microsoft released avatars on Xbox Live.
Pour Conclure
Moving forward, we will most likely be doing shorter posts from here on out — only covering one top story followed by linked headlines — with a digest of the top stories with commentary only once or twice per week — unless our dear readers request otherwise.
Also, pay attention to Cardano.
Until next time.
Your Pal,
The Gopher
P.S.
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Disclaimer: None of this is to be deemed legal or financial advice in any way, shape, or form. You are reading opinions from an anonymous news publisher in Cartoon Gopher Format.
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