Dogecoin (DOGE) founder Billy Markus announced in a recent tweet that he has sold some of his crypto assets. He stated that the main reason behind this sale was to pay his taxes. Here are the latest statements of Markus and the assets he sold…
Dogecoin founder sells ETH and some NFTs
Dogecoin founder Billy Markus, popularly known as Shibetoshi Nakamoto, recently sold Ethereum holdings at $1,190 to cover potential 2022 taxes. Markus politely said, “I beg you for this rally,” about the price rise, which he could not attend because he sold all his ETH. According to the cryptokoin.com information, at the time of writing, ETH has increased by 5 percent in the last 24 hours and is trading at $ 1,396. The coin managed to climb above $ 1,400 over the past day.
You owed taxes after this last year? Congratulations.
— Kit (@KitKristofer) January 12, 2023
A user on Twitter asked Markus how he owed taxes in 2022 when all crypto markets turned red. In response, Markus said, “I sold NFT, if you trade crypto you always owe taxes. But I owe more than the total value of my cryptocurrencies,” he replied. In other words, he used the phrase “Actually, I made negative money”.
i sold NFTs, you always owe taxes if you do commerce in crypto
but i owed more than my crypto was worth so i actually made negative money 🤣
— Shibetoshi Nakamoto (@BillyM2k) January 12, 2023
Another Twitter user “Elon Artist” asked at what price Markus bought the ETH he was selling. “I’ve never bought, I’ve sold NFT, California and the IRS take 53 percent of the selling price at the exact time of sale,” replied Markus. That is, he did not specifically disclose which NFTs he was selling. Meanwhile, Dogecoin (DOGE) is changing hands at $0.078, up 2.1 percent in the last 24 hours.
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Latest developments in the DOGE ecosystem
When it comes to Dogecoin, one of the first things that comes to mind is Elon Musk and Twitter. If we look at the latest developments, Twitter, which Elon Musk bought a few months ago, has not integrated Dogecoin for payments now, despite Musk’s signals. Moreover, Musk announced in a recent statement that he has suspended this plan for now. Also, a recent announcement from a prominent Security Researcher may disappoint crypto enthusiasts.
Screenshots of a now undisclosed feature (Coins) for Twitter have leaked. Technology blog author Jane Wong took a look at the Twitter Coins purchase screen, where users will be rewarded. Twitter announced that Coins purchases will be made through its online payment process platform Stripe. This feature has been likened to Reddit’s bounty feature. Leaks shared by experts do not give the slightest clue that Dogecoin or any other cryptocurrency is involved.
