23 out of the 50 biggest airdrops (46%) recorded peak token prices during the first 2 weeks of their airdrop date, the team at CoinGecko noted in a new report. According to CoinGecko this suggests that the best time to sell airdrop tokens “may be… Read More
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We recently caught up with Abhinav R. Soomaney, Founder and CEO at CryptoTax Pvt. Ltd. He talked about different tax aspects of cryptocurrency and blockchain-related investments. CryptoTax Pvt. Ltd. (CryptoTax) was incorporated in the year 2021 and claims to be the first cryptocurrency tax consultancy… Read More
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Digital asset firm Kraken is pleased to confirm that they will be supporting the Songbird (SGB) token airdrop for XRP holders. The airdrop’s snapshot of XRP balances was reportedly “taken on December 12, 2020, at ~00:00 (UTC).” Customer accounts (spot and margin) that held XRP… Read More
Read more in: Blockchain & Digital Assets, Global, Offerings | Tagged airdrops, crypto trading, crypto-assets, digital assets, digital currency, kraken, virtual currencies, xrp
The recently issued UNI governance token, which is associated with Uniswap, a leading Ethereum token exchange, aims to help Uniswap transition into a “decentralized,” community-managed and owned protocol. However, the exchange protocol’s team hasn’t been completely transparent about how they aim to achieve “decentralization.” Liesl… Read More
Read more in: Blockchain & Digital Assets, Global, Investment Platforms and Marketplaces | Tagged airdrops, binance, decentralization, ethereum, glassnode, governance token, uni tokens, uniswap
Singapore’s tax authority, the Inland Revenue Authority of Singapore (IRAS), confirmed that it will not be collecting taxes on airdropped cryptocurrency, provided that the recipients get them for free. As noted in an income tax treatment guide, released on April 17, 2020, the IRAS clarified… Read More
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As part of ongoing government efforts to quash initial coin offerings (ICOs) in China, the People’s Bank of China (PBoC) has extended prohibitions to cover “airdrops” -the promotional distribution of free cryptographic tokens- which may possibly be being used now in China to circumvent the… Read More
Read more in: Asia, Blockchain & Digital Assets, Politics, Legal & Regulation, Strategy | Tagged airdrops, china, icos, initial coin offering, pboc, peoples bank of china, pump and dump
CoinList, an independent platform spun out by team AngelList, has announced a new service: Airdrops by CoinList – a compliant way to award and collect tokens. Emphasis on compliance. As initial coin offerings (ICOs) are going mainstream and becoming professionalized, CoinList is adding a feature that… Read More
Read more in: Blockchain & Digital Assets, Investment Platforms and Marketplaces | Tagged airdrops, angellist, coinlist
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