Chrom

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Chrom

Chrom

@Chromff9

Opinions are opinions...

donations: chromantic.eth Beigetreten Şubat 2021
541 Folgt2K Follower
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Cameron 🧉 (tax/acc)
Cameron 🧉 (tax/acc)@0xcryptotax·
Well, duh. cost basis isn't being reported for 2025 nor will @coinbase ever report for non-covered lots where the 60% are experiencing issues with cost basis. Coinbase only knows the basis for trades where you bought and sold the same lot on their platform (covered lots), which again, aren't being reported to the IRS for the 2025 tax year. Thanks for shilling Cointracker and ensuring the FUD keeps going. Real G's use @AwakenTax @summ_app
CoinDesk@CoinDesk

LATEST: Over half of crypto investors don't know when their holdings are taxable, only 49% correctly identified that crypto is taxable upon sale, per a @Coinbase and @CoinTracker survey of 3,000 U.S. users. Over 60% customers have incomplete cost basis data, with the exchange expecting to issue 4M+ 1099-DA forms to customers with under $600 in proceeds.

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Chrom
Chrom@Chromff9·
@guardis_io hahahahahahaha :D its just ez to complain, that's all
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Guardis
Guardis@guardis_io·
CT is…. - No, shut the fck up. When would ppl stop posting this?
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Chrom@Chromff9·
@guardis_io I might need to try dis sh1t :D
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Guardis
Guardis@guardis_io·
Another 5x on Guardis smart signals was flagged. $pastetrade CA: 7tyZa2bpUAuMH2KvJoFGJdTYtP2tKD3zGHLLBhuwpump
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Guardis
Guardis@guardis_io·
To all of your trenchers who want to follow developments and have discussions with fellow anons. You can join our TG community: t.me/Guardis_commun…
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Chrom
Chrom@Chromff9·
@mert @fusewallet Unless, 1) get paid in USDC or whatever 2) being able to set up direct debits for bills or mortgage 3) sent anywhere in the WORLD almost instantly 4) earn/borrow/lend It’s nothing groundbreaking that could shift mass people or real adoption.
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mert
mert@mert·
not talked about enough that you don't need a bank anymore i) get paid in USDC ii) use a wallet that has card integration iii) use the card to spend iv) earn yield v) transfer anywhere one such example is @fusewallet no this is not paid, just think this is underrated
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⌘ ARTEM
⌘ ARTEM@art_heaven·
@mert @fusewallet it's cool until you need a loan or some proof of income for residence permit, etc.
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Chrom
Chrom@Chromff9·
@mert @fusewallet Not bad, but you’d think in 2026, we’d have instant settlement somehow, no? Otherwise why would this or anything similar gets adopted? SEPA 1-5 business days. 😬 We need this, but with insta settlement.
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Darien Advisors
Darien Advisors@Darien_Advisors·
@SolLunix Savings acc with 12%? In which planet do you live in?
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Cameron 🧉 (tax/acc)
Cameron 🧉 (tax/acc)@0xcryptotax·
What do this mean for the IRS and taxation of these assets? Unfortunately diddly squat. The IRS still treats all digital assets as property and thus fall into the common tax treatments for property. HOWEVER, it could help provide the basis for any further tax law or interpretation to help guide investors on how to treat these assets. Given the specific carve-out for digital commodities ($BTC, $ETH, $SOL, et all), we'll likely see these continue to be treated as property. The IRS could argue these are akin to physical commodities (gold bars, silver coins) where there is a less preferential LTCG rate max of 28% in lieu of 20%. Alas, not today. Furthermore, I enjoyed @lex_node 's analysis on whether a lot of tokens could be considered digital securities by the SEC under this guidance and we fall backwards into securities tax rules with no wash sale rules and more restrictive cost basis methods. The IRS has largely been behind the ball focusing on under and unreported incomes rather than setting policy but we may see movements in the coming months. x.com/lex_node/statu…
Larry Florio@larryflorio

red hot off the RSS feed: SEC Crypto Guidance including a token taxonomy, how non-securities tokens interact with the Howey test, mining, staking, airdrops, and wrapped assets 🔥 the full release is 70 pages so will take a little to run through, but have fun! sec.gov/newsroom/press…

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gr3g@gr3gor14n·
every time i log onto crypto twitter it just keeps getting worse and worse. who is going to save us
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Minister 🔮
Minister 🔮@Ministerr·
are you this old?
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Chrom
Chrom@Chromff9·
Finally something that was worth the wait. Onwards! 💪
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Indie Game Joe
Indie Game Joe@IndieGameJoe·
Two indie devs made a game where you run your own video store in the early 90s. It’s currently the #5 top-selling game on Steam. - Rent out VHS tapes & manage customers - Charge Late & Broken Fees - Upgrade & customise your store It’s called Retro Rewind - Video Store Simulator
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Chrom@Chromff9·
@StaniKulechov And then we wonder why we can’t go mainstream…
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Stani.eth
Stani.eth@StaniKulechov·
Earlier today, a user attempted to buy AAVE using $50M USDT through the Aave interface. Given the unusually large size of the single order, the Aave interface, like most trading interfaces, warned the user about extraordinary slippage and required confirmation via a checkbox. The user confirmed the warning on their mobile device and proceeded with the swap, accepting the high slippage, which ultimately resulted in receiving only 324 AAVE in return. The transaction could not be moved forward without the user explicitly accepting the risk through the confirmation checkbox. The CoW Swap routers functioned as intended, and the integration followed standard industry practices. However, while the user was able to proceed with the swap, the final outcome was clearly far from optimal. Events like this do occur in DeFi, but the scale of this transaction was significantly larger than what is typically seen in the space. We sympathize with the user and will try to make a contact with the user and we will return $600K in fees collected from the transaction. The key takeaway is that while DeFi should remain open and permissionless, allowing users to perform transactions freely, there are additional guardrails the industry can build to better protect users. Our team will be investigating ways to improve these safeguards going forward.
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Cameron 🧉 (tax/acc)
Cameron 🧉 (tax/acc)@0xcryptotax·
Happy to have contributed to a piece on taxation of prediction markets for @BusinessInsider Thanks for having me!
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Chrom
Chrom@Chromff9·
@big_duca Logging off. Literally everywhere…
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Duca
Duca@big_duca·
> wake up > go on a nice hike > open X after > everything is war and scams > about to close app Take this as your sign to log off. Scrolling this app is probably the worst thing possible for your mental health. Cya 👋
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Chrom@Chromff9·
@blockchainbob Waiting on it Bob. Curious 🤨 but again, facts first
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Blockchain Bob
Blockchain Bob@blockchainbob·
I know something about your favorite detective and trust me, he’s not as clean or decent as you think he is nigga is a fcking rat and he has a lot of dirty secrets; he’s pointing fingers at people, but he’s worse than everyone he’s ever called out Zack is peak form of hypocrisy. Once I have all the information I need, you’ll finally understand why you should never trust anybody in this space we in.
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Darien Advisors
Darien Advisors@Darien_Advisors·
It seems the subreddit of @krakenfx is being run by some self-righteous moderators that clearly do not care. At what end our post was promotional that violated the rules of the community? People are genuinely confused and have a lot of questions about 1099-DA. Fix it pls.
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ZachXBT
ZachXBT@zachxbt·
1/ Meet @WheresBroox (Broox Bauer), one of the multiple @AxiomExchange employees allegedly abusing the lack of access controls for internal tools to lookup sensitive user details to insider trade by tracking private wallet activity since early 2025.
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