The 16th edition of our curated newsletter.
In today’s newsletter we look at:
- Deduct your gas fees
1inch & aggregation
- Off-chain protocols
- Exciting eSports partnership
- Scaling BSC
- Near ERC-20 token
Can You Deduct ETH Gas From Your Taxes?
There are no taxation guidelines within the Ethereum and DeFi ecosystems. However, if you feel responsible, you may want to pay taxes on the income you earn from trading, yield farming, transferring, airdropping. In this article, a tax advisory expert reviews a few approaches to paying crypto taxes and explains whether you can deduct ETH gas in different cases.
We call it the real crypto adoption: Mercuryo has partnered with 1inch Network to make fiat-on-ramps accessible for the DeFi industry.
Download the 1inch iOS Wallet to try it out!
Together 1inch, we’ve written a guide on DEXs for beginners
What Do You Need To Know About Bridges and Layer-2 Protocols
Blockchain communities are incredibly excited about off-chain protocols as a way to scale the network. It allows many transactions to be moved from the Layer-1 blockchain to an off-chain system, bypassing network fees and latency issues. In this article, Patrick McCorry explains how bridges and sidechains work in simple words.
Bridging eSports and Crypto
We Have Partnered With Ninjas in Pyjamas
We are excited to announce a partnership with one of the leading professional eSports organization, Ninjas in Pyjamas, during the BLAST Premier tournament. The ultimate goal is to onboard more people to crypto — we will release a video series focusing on the similarities between gaming and the crypto industries. Follow us on Twitter to stay updated.
The Scalable Future of BSC
The Binance Smart Chain (BSC) mainnet introduced an open-source, decentralized blockchain that can handle high traffic while maintaining low fees and high transaction speeds. However, the volatile market movements impact the networks processing all the transactions. To avoid future congestion, the BSC team plans to implement several improvements and urges validators to increase the gas limit to 100 million.
One of the most advanced next-generation blockchains in the crypto space, NEAR Protocol, announced the deployment of its Near as an ERC-20 token on the Ethereum network, making it immediately available for trading and productive use within the exploding Ethereum DeFi ecosystem.
This is a weekly newsletter curated by our Blockchain Lead Vyacheslav Akhmetov. We cover the most sparkling events in the industry and sharing more about our journey.