The Daily Leo #166 - OnlyFans creators contacted by IRS, Brazil President signs Crypto Law, Is Solana abandoned and a different take on Impermanent Loss

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Welcome to another edition of The Daily LEO! We pull the best articles about Finance, Crypto and anything money-related and we deliver them to you in a condensed information packed space.

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OnlyFans creators contacted in IRS criminal investigation

Multiple sources within the tax community reported that IRS Special Agents have been delivering grand jury subpoenas to some OnlyFans personalities. In the last couple of years, the top earners on the platform have accumulated immense wealth, so it's not a surprise that the government has some questions for them. OnlyFans reportedly grossed over...

Biden Energy Guru Renews Call For Big Oil To Reinvest Profits

Amos Hochstein, the Biden Administration’s energy advisor, warned America’s oil companies again this week that if they don’t reinvest their massive profits this year into expanding oil production, they will face a White House push to impose a windfall profits tax. On the very next day, Exxon Mobil revealed its intention to buy back...

Brazil’s President Signs Crypto Regulations Into Law

Brazil President Jair Bolsonaro on Thursday approved a crypto regulation bill recently passed by that country’s Chamber of Deputies and the Senate.
The new law establishes a crime of fraud involving virtual assets, with a penalty of between four and six years in jail plus a fine. It also creates a “virtual service provider” license, which is to be requested by digital asset companies, including exchanges and trading intermediaries.Companies will have...

Is Solana (SOL) Being Abandoned by Its Developers?

It is not news to the Solana (SOL) investor that the altcoin's capitalization was one of the hardest hit by the collapse of FTX and Alameda Research. Combine that with the recent outages that the cryptocurrency has experienced, and you get a challenging situation. But what about development? According to information from data aggregator Terminal Token, the active developers of Solana's software decreased by....

SEC General Counsel Quits After ‘Cozy Relationship’ With SBF and FTX

SEC General Counsel Dan Berkovitz said he was leaving the agency on January 31. The Examiner revealed that Berkovitz had a “cozy relationship” with SBF and FTX. It cited emails obtained by the watchdog Protect the Public’s Trust, which also reported on the resignation. Michael Chamberlain, director of Protect the Public’s Trust, said...

A different take on Impermanent Loss

Impermanent Loss, or IL for short, is one of the most controversial and often misunderstood topics in the world of DeFi. It is something that most people try to avoid since, as the name implies, it means losing money. However, that may not be the case, depending on how you view this concept. For example...

What Might DeFi Be Like In 2023?

Exchanges crashing, multiple scandals, institutional investors. It's not surprising that the DeFi universe is changing significantly in a relatively short time. So, what can we expect from it in 2023?

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Dear @tokenizedsociety,
Your support for the current HiveSQL proposal (#138) is much appreciated but the proposal will expire end of December!
May I ask you to review and support the new proposal (#247) so HiveSQL can stay free to use for the community?
You can support it on Peakd, Ecency, Hive.blog or using HiveSigner.

Merry Christmas to you and your family ??

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All this news is very interesting, what struck me the most was the probable taxation for oil companies and the abandonment of some developers of the Solana blockchain

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Thanks! I'm glad you found them interesting. Those two really struck me as well. As soon as I saw those articles while I was deciding what to include in the post, I knew I had to put those in

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My previous @v4vapp proposal has expired. I have a new one which is running but unfunded right now. I'm still running @v4vapp and all my other services but I may have to increase the 0.8% fee to 2.0% if I continue to be unfunded.

Please consider asking your friends to vote for prop #244 or consider unvoting the HBD stabilizer explained below.

For understandable reasons in the current crypto climate it is harder to get funded by the DHF, I accept this so I'm asking a wider audience for help again. I will also redraft this proposal with more details (coming soon). I'm also looking for other funding sources.

Additionally you can also help with a vote for Brianoflondon's Witness using KeyChain or HiveSigner

If you have used v4v.app I'd really like to hear your feedback, and if you haven't I'd be happy to hear why or whether there are other things you want it to do.

  1. The bar to be funded is set by the HBD Stabilizer, the more votes that has, the more votes @v4vapp needs to be funded. If you want to reconsider supporting that proposal and unvote it, that would also help me (and others so you have to weigh this choice.)
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