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Truecad is a stable coin pegged to the Canadian dollar and Crypto.com is offering 10% interest on all stable coins. Anyone thought of getting a loan/line of credit and staking it?
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
The fact that the father company is called trusttoken
And the coin is called a stable coin
Is like 2 red flags right off the bat, might as well buy safemoon because it's safe and going to the moon
But I wish you luck
The coin is not called stable coin it is a stable coin like usdg. Stable coins are pegged to a currency like Canadian or US dollar. The price of the coin never goes up or down.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
Marathon Digital Holdings, a publicly-traded bitcoin mining company, last week announced a “record purchase” of Bitmain ASIC rigs, which according to a Tuesday filing with the Securities and Exchange Commission (SEC) will cost over $879 million and increase the miner’s fleet by 78,000 machines.
__________________ Until the lions have their own historians, the history of the hunt will always glorify the hunter.
I don't know if you guys still talk about NFTs, (either way it's definitely no longer the bitcoin thread) but I saw this tweet and thought it was pretty funny
^ FTM when it’s below $3… mostly cuz some people I know in the promotion/marketing side of things hobknob with the one of the creators and he’s been making big splashes in the middle east sponsoring F1 cars and stuff… it’s all about the promotion not the substance amiright??
LUNA for no other reason than a lot of guys in the NSX community keep talking about and we’re investing in it when it eas like $60 and now it’s $100+… I figure they must know what they’re doing if they’re all driving $150k+ cars lol
ADA supposed to make a big final push in the next little bit too.
Edit: Don’t blame me for following anything I say I have almost no idea what I’m doing lol
Current holdings(in no particular order):
Eth
ada
sol
cro
zil
matic
avax
time
klima
any other adds you guys recommend and a short reason why?
LIT
Been holding since beginning of December and been air dropped 2 free NFTs, both selling for over 1E now. They're doing another drop Jan 4th, but new holders must have 2 million LIT in their account. It's been pumping quite a bit this past month, so as always, do your own research.
Hey @68style, since you're the only one who put a market capitalization guess, I guess you'd be the default winner. Send me your ADA address, i'll send you $50 worth of ADA
On another note, does anyone know how to document this crypto transaction?
I have $1,000 CAD.
I want to deposit it into Crypto.com as USDC and earn 10% APY with their "Earn" function.
Once I deposit $1,000 CAD, I'll have to convert that to USDC (should be about $780 USDC), then I'll have to deposit it in crypto.com "Earn", after one year the $780 USDC should give me $78 USDC @10% APY.
I'll have to convert it back to CAD and then withdraw it
How do I claim that on my taxes?
Can I just record the $1,000 CAD initial deposit and then minus whatever the final withdraw amount is, let's say the final withdraw amount is $1,100 CAD. Do I just claim the $100 as income? Can I claim any conversion fee's etc?
Hey @68style, since you're the only one who put a market capitalization guess, I guess you'd be the default winner. Send me your ADA address, i'll send you $50 worth of ADA
On another note, does anyone know how to document this crypto transaction?
I have $1,000 CAD.
I want to deposit it into Crypto.com as USDC and earn 10% APY with their "Earn" function.
Once I deposit $1,000 CAD, I'll have to convert that to USDC (should be about $780 USDC), then I'll have to deposit it in crypto.com "Earn", after one year the $780 USDC should give me $78 USDC @10% APY.
I'll have to convert it back to CAD and then withdraw it
How do I claim that on my taxes?
Can I just record the $1,000 CAD initial deposit and then minus whatever the final withdraw amount is, let's say the final withdraw amount is $1,100 CAD. Do I just claim the $100 as income? Can I claim any conversion fee's etc?
I'm not really sure how to do it.
Buy and stake trueCAD instead. It's a Canadian stable coin. Then you don't have to worry about exchange rates.
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