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Donald Saves Crypto (DONALCRY) Solana Memecoin Will Rally 18,000% Before Exchange Listing, As Shiba Inu and PEPE Lag

Donald Saves Crypto could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Donald Saves Crypto (DONALCRY), a new Solana memecoin that was launched today, is set to explode over 18,000% in price in the coming days. This is because DONALCRY is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Donald Saves Crypto can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Donald Saves Crypto could become the next viral memecoin. Donald Saves Crypto launched with over $8,000 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Donald Saves Crypto on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Donald Saves Crypto by entering its contract address – Gyy3ss5Yj2ioZWuz6BNbDPGUGUxhwoCskRuU2cGo9k2Q – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like DONALCRY. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. Bitcoin.com

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U.S. IRS Declares Cryptocurrency Staking Income as Taxable

U.S. IRS Declares Cryptocurrency Staking Income as Taxable The U.S. Internal Revenue Service (IRS) has officially clarified that income earned through cryptocurrency staking is subject to taxation , according to a report from Watcher Guru. This announcement highlights the growing attention regulators are placing on digital assets and their associated activities. Key Points: What is Cryptocurrency Staking? Staking involves locking up cryptocurrency in a blockchain network to support its operations, such as validating transactions. In return, participants earn rewards in the form of additional cryptocurrency. Taxable Events in Staking: The IRS classifies staking rewards as ordinary income at the time they are received. The value of the staking rewards must be reported in U.S. dollars , calculated based on the fair market value at the time of receipt. This applies regardless of whether the staking rewards are immediately withdrawn or left in the wallet. Impact on Taxpayers: Staking participants are required to include their staking rewards in their gross income during the taxable year they were earned. In addition to income tax, taxpayers may also owe capital gains taxes if they sell or exchange the staked cryptocurrency for a profit at a later date. IRS Guidance and Enforcement: The IRS has been increasing its efforts to regulate and enforce cryptocurrency-related tax compliance. It previously issued guidance for crypto mining and trading activities and now extends its focus to staking. Non-compliance could result in penalties or audits. Implications for Staking Participants: Record-Keeping : Stakers must maintain detailed records of their staking rewards, including the date received and the fair market value at the time of receipt. Tax Planning : Investors should consider the tax implications of staking when determining their overall crypto investment strategies. Potential Complexity : Taxation on staking rewards may add complexity for individuals unfamiliar with crypto tax laws, necessitating professional tax advice. Conclusion: The IRS’s stance on staking highlights the importance of compliance for cryptocurrency investors. As the digital asset space continues to grow, regulators are expected to provide further clarity and guidelines on other crypto-related activities. Investors engaging in staking must ensure proper documentation and timely reporting to avoid potential legal issues. To learn more about the innovative startups shaping the future of the crypto industry, explore our article on latest news, where we delve into the most promising ventures and their potential to disrupt traditional industries. Bitcoin.com