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Ether , the digital silver to bitcoin's gold, has outperformed the rest of crypto since the U.S. election and brought ether ETFs to life at last. Plus, the absence of regulatory clarity has meant an inability for investors to " stake " their ether for yield. It's still up 59% for 2024, but it's trailing bitcoin at 126% and the rest of the crypto market, as measured by the CoinDesk 20 index, at 94%. "[The] Trump impact on bitcoin and crypto including ETH is not priced in yet," he said. To be sure, there's an awareness gap among average investors of bitcoin versus ether.
Persons: Solana, It's, Zach Pandl, Mark Connors, Donald Trump, Trump, Joe Biden, Pandl, Ethereum, Matt Hougan, , JPMorgan's, Hougan, I'm, Harris, — it's Organizations: Investors, Solana, ETH, Bitwise, DeFi Locations: United States, U.S, tokenization, bitcoin, ETH —, ETH
In addition to exchanging crypto for government-issued currency, trading one crypto for another type of crypto creates a taxable event. Accordingly, investors need to pay capital gains taxes on their profits from selling or exchanging crypto. Important: While selling, trading, or exchanging crypto triggers a taxable event, buying it does not. However, you wouldn't owe money on the capital loss — in fact, you can use the capital loss to offset some of your capital gains on other assets. How to calculate crypto taxesCalculating crypto taxes can be daunting, especially if you're active in the markets.
As the self-described "first non-engineer hire" to join Cryptovoxels, Robinson was brought on to fix these kinds of user nuisances. As part of the next rollout of features, Robinson tells me that Cryptovoxels will allow users to sell custom dances. According to Robinson, users can make money in other ways, like selling mini-game scripts and renting land for events like dances or NFT collection releases. For some reason, the Cryptovoxels world is also abundant with shrines, like the ancient Greece-inspired Frenetik Temple and the Jedi-themed Dark Junction. It's reminiscent of attending a presentation in the real world, except instead of pinning name tags to our shirts, they're superimposed over our heads in large white letters.
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