The European Central Bank (ECB) has kept interest rates at zero but Christine Lagarde, ECB’s president, said there was “unanimous concern” among policy makers about inflation. “Compared with our expectations...

Bitcoin fell further today to a low of $36,400 from $37,200 before somewhat recovering to $36,700. One reason might be the decision of the Bank of England (BoE) to raise...

Her Majesty’s Revenue and Customs (HMRC), the U.K.’s tax agency announced a controversial set of recommendations on Wednesday that could harm Decentralized Finance (DeFi) innovation.  Ian Taylor, executive director of CryptoUK said:  “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK.” The updated ruling focuses on how digital assets are treated in the UK for DeFi lending and staking, and whether the returns or incentives from these activities are taxed or not. Due to the cutting-edge nature of DeFi, tax specialists were confused about how the existing regulations apply to these services. HMRC stated: “The lending/staking of tokens through DeFi is a constantly evolving area, so it is not possible to set out all the circumstances in which a lender/liquidity provider earns a return from their activities and the nature of that return. Instead, some guiding principles are set out.” “HMRC has updated its guidance on the treatment of crypto and digital assets, specifically for DeFi lending and staking in the UK, significantly altering their classification and treatment.”  According to the guidance, returns from staking and lending DeFi assets will not be treated as ‘interest’, because digital assets aren’t considered currencies in the UK, but rather property for tax reasons.  However, the guidance suggests that in many circumstances, this technique will signal that beneficial ownership of those tokens has been moved to the platform, which could cause tax problems for stakeholders. This would imply that they were sold for tax purposes and would be subject to Capital Gains Tax.  According to Ian Taylor, executive director of CryptoUK, these new regulations will impose an unnecessary burden on crypto investors that is not imposed on stock market investors when lending shares: “HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK, including the Treasury and the FCA.” According to Taylor, the new regulations impose undue reporting obligations for consumers and cause tax compliance complexity because investors have to report hundreds or even thousands of transactions.  “This is out of step with the Government’s stated aim for the UK to be open and attractive as a destination for investment and innovation post Brexit,” he said.  Matt Hancock, the former Secretary of State for Health and Social Care and now a Member of Parliament (MP) in the United Kingdom, encouraged the House of Commons to pass a progressive crypto policy to make England the home of cryptocurrency last week. In November last year, HMRC issued regulations about the imposition of a digital services tax on crypto exchanges operating in the United Kingdom.

The post UK Tax Agency Released New Guidelines Around DeFi appeared first on Cryptoknowmics-Crypto News and Media Platform.

“HMRC treats crypto assets as property for tax purposes. However, this is inconsistent with the approach currently being adopted by Government and other regulatory bodies in the UK," said the executive director of CryptoUK Ian Taylor

SpaceX hauled a classified payload into orbit for the U.S. government's spy satellite agency Wednesday from Vandenberg Space Force Base in California, accomplishing another successful launch and landing on the second of three Falcon 9 rocket missions planned this week.

England's own takes center stage in the latest release

Carriage houses were first built to store a carriage and house a coachman. Today they make for one-of-a-kind homes and versatile accessory dwelling units.

The post What is a Carriage House? Charming 1800s Dwellings appeared first on Redfin | Real Estate Tips for Home Buying, Selling & More.

A classified payload for the National Reconnaissance Office is closed up in the nose cone of a SpaceX Falcon 9 rocket for liftoff Wednesday from California's Central Coast, debuting a brand new booster that will land back near the launch site for reuse on another national security mission later this year.

A flypast celebrated the 80th anniversary of the forming of the “Mighty” Eighth Air Force. On Feb. 1, 2022, a B-1B Lancer (#86-0129) with the 28th Bomb Wing from Ellsworth Air Force Base, South Dakota; [...]

The post U.S. B-1B, F-15s And British F-35 Formed Up Over The UK To Celebrate The 80th Anniversary Of The 8th Air Force appeared first on The Aviationist.

Get ready for the event of the year before the Super Bowl

The GOAT needs to have the best Ultimate Team card EVER

Tampa Bay Buccaneers quarterback Tom Brady, likely the greatest player of all-time at football’s marquee position, announced his retirement today. But there could be implications for DraftKings (NASDAQ:DKNG) in that news. In social media posts announcing his retirement, Brady said he’s “excited to continue to help build and grow” companies he’s cofounded, including Autograph — […]

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