Do I have to pay taxes on sports betting withdrawals and deposits? Curious to know if I win on sports betting and withdraw that money to my bank account, but then I deposit the same money back into my betting account and end up losing it, do I still need to pay taxes on those transactions? I’m trying to figure out if the in and out movement of money affects my taxes or if it’s just the winnings that matter. An…

TradFi Giant State Street Mulls Creating Stablecoin, Tokenized Deposits: Bloomberg Traditional financial heavyweights are getting increasingly involved in tokenization efforts, putting financial assets on blockchain rails for operational benefits.

Do you use a HYSA to transfer your daily deposits into? If so who? I’ve been using a HYSA for years (currently ~4.25%) to transfer my daily deposits from my payment processor. It’s made me a nice chunk of change as the money tends to collect until I need to pay bills and vendors. Recently, I’ve seen better rates elsewhere (5.25%) but every new bank I’ve tried has been an absolute nightmare and has ended up with…

Help me understand Certificates of Deposits So I plan to have ~$40k in a HYSA paying 4.6%. Currently have $25K in there but waiting for some money to move around. I was originally planning to use this money to buy a car in cash but then Mazda was offering 1.9% for 72 months so I figured I’ll just put zero down (aside from paying for sales tax, registration, fees, etc upfront) and put the …

Security deposits in hostels Going to Europe for 3 weeks this summer. Starting to plan my hostels. One hostel in krakow says on hostelworld that it requires a 50 euro cash security deposit that you get back when you leave. Is this a regular thing in Europe? Other hostels don’t say anything about this. Last year when I went to Prague with a big group of friends we stayed in …

Don’t want to be accused of structuring payments, but need to make two deposits Hi all! So unbeknownst to me until my grandmother died a couple weeks ago, apparently my grandmother had put some money aside for me for grad school as I was growing up. My parents were aware and stated that they would match however much my grandma saved to give to me as well. I deposited the cash my grandmother saved for me today, but my parent…

Binance Says It Has Onboarded New Euro Fiat Partners for Deposits, Withdrawals Paysafe, the crypto exchange’s former service provider for euro transfers ended support last month.

Please quit using ATMs for deposits I can’t tell you how many posts I’ve seen in the last week about an ATM messing up a deposit, or eating it. GO SEE AN ACTUAL TELLER. You’re on camera and in person, not on camera and waiting for a weekly audit to fix the mistake. I understand extraneous circumstances for people, but quit trying to avoid going into the bank in person if you have …

PayPal’s Real Stablecoin Strategy: It Wants to Earn Interest on Your Deposits High U.S. Treasury interest rates are a powerful short-term motivator. Everything else is theory.

Lightning Network Bitcoin Deposits Now Live on Binance Bitcoin holders that want to deposit their assets to crypto exchange Binance using the lightning network, a bitcoin scaling solution.