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Showing posts from September 7, 2022

Putin Threatens to Let Europe ‘Freeze’ — Russian President Warns ‘We Will Not Supply Gas, Oil, Coal, Heating Oil’

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Following the discussions concerning the inter-governmental political forum Group of Seven (G7) pledging to impose price caps on crude oil and the European Commission talking about fixing electricity prices, Russian president Vladimir Putin explained on Wednesday that Russia will not supply the industrialized economic powers and the West with energy. “We will not supply gas, oil, coal, heating oil — we will not supply anything,” Putin stressed during the Eastern Economic Forum’s plenary session. Putin to Europe: ‘Freeze, Freeze, the Wolf’s Tail’ Vladimir Putin explained that the Kremlin plans to let the wolf’s tail freeze, referring to Europe and the Russian fable where a fox tricks a wolf into freezing his tail, and the fox eventually defeats the wolf with this tactic. “We will not supply anything outside the contracts. We will not do anything that they try to force us to do,” Putin declared on Wednesday. “We will not supply gas, oil, coal, heating oil — we will not supply anythi

Koinly Explains How The Ethereum Merge Could Affect Your Crypto Taxes

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The Ethereum Merge is shaping up to be the biggest event in the crypto space in over five years, and that could mean some significant impacts on your crypto portfolio. We know that sometime between September 10th and 20th, the Merge will take place, resulting in the Proof of Stake “Beacon Chain” merging with the current Proof of Work Ethereum chain. While speculation surrounds whether Ethereum will fork and what may happen to DeFi protocols, stablecoins, NFTs and more, essential questions remain around the potential tax implications that Ethereum holders could incur. So what’s happening, and what do you need to know? Crypto tax calculator Koinly is here to explain. What is the Ethereum Merge? The ultimate result of the Ethereum Merge will be the transition from Proof of Work (PoW) to Proof of Stake (PoS) as the consensus mechanism for the Ethereum blockchain. Ethereum developers have flagged this move for years, with work initially beginning as far back as 2016. The current es