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Saturday, January 14th, 2023

The label was black with silver lettering throughout it’s lifespan, with a small change in logo being the only alteration circa 1964. White demos returned in 1968 and probably stopped in 1972. Many Mercury singles post 1967 were made without centres. Fats Domino had several singles released on HMV in the early 60’s, with 1964’s If You Don’t Know What Love Is becoming a popular Northern spin in the mid-90’s, even though it’s more rock & roll than soul. The Marvellos cut several quality dancers for ABC Paramount in the States but HMV only licensed the almost doo-wop sounding I Do for UK release. The there was Ray Whitley who wrote and recorded the original version of I’ve Been Hurt as well as several items alongside or for Billy Joe Royal and Joe South.

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Somewhere in the cobwebs of my mind I recall seeing a red and white demo on Oriole but this must have been very late in the labels’ life. 239 Twiggy – Beautiful Dreams – Recorded at the real peak of her popularity, this, the first of her two Ember singles, was released in January 1967 in a very attractive picture sleeve. And would you believe it, it’s actually a very good record, prime cover-up material.

Another blue-eyed effort which would surely be classed as ‘pop’ on the other side of the Atlantic, but it’s pounding beat made it a winner with the soul folk in the mid-70’s. A top 10 smash in the USA in 1969, but another poor seller in the UK. The band cut at least three other good Northern dancers including a version of The Drifters’ Baby What I Mean. For instance, how about Benice Swanson, a 16 year old singer/actress from London who was discovered by none other than Leonard Chess (the labels co-founder) himself on a visit to London. Benice cut a fine single entitled Lying Awake which vanished without trace in 1965, and presumably went back to the world of showbiz from whence she came without ever recording again. Shame, because Lying Awake is a fairly authentic soul-sound which most people believed to originate from the USA.

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Wilson Pickett’s Let Me Be Your Boy was an early recording for Correc-Tone which got itself a release in 1965 to cash in on Pickett’s Atlantic success. Somewhat surprisingly, this record went very big in the mid-80’s and heralded a wave of early 60’s black pop records which now seem to have been accepted as part of the scene in the same way that the beat ballads have. The label mis-spells the source as Correo-tone. Chris Savory recalls an interesting anecdote in Record Collector 33 concerning a visit paid to David Kassner by himself and Clive Richardson, who had taken a liking to a single on US Veejay by Little Wayne Anthony.

Besides it is also observed that Rug Pulls come in two forms which are known as hard and soft. 0 Posts asudha Das is a business journalist and a climate change and environmental enthusiast with a focus on economy, financial markets, and green measures taken globally. Before joining Kalkine, Basudha worked with top Indian business magazines, newspapers… According to the official Litepaper of the STEPN project, GMT allots close to 30% of total tokens to the users. In comparison, 30% of the ecosystem fund is being utilised for various community development programmes and giveaways.

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Bond yields have gone down lately because of news involving Russia and Ukraine. Although, since its creation, the Sandbox has had about a 35,000% increase in price. According to Coinmarketcap, if you had found this project early enough you could have turned your $100 into $35,000. Owen Gray was a veteran Jamaican singer who cut a cover of The Anglos’ Incense for Island. The Anglos themselves were a studio project fronted by Stevie Winwood. Island was the home of the third release of their version of Incense , it having previously seen the light of day on the tiny Island offshoot Brit from where it was picked up by Fontana.

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The legend that is Atlantic Records was founded in New York in 1947, and immediately went out on a limb by specialising in discs aimed at the black R & B market as opposed to the white pop market. It hit the R & B charts in a big way in the early 50’s with the likes of The Chords, Laverne Baker, Ray Charles, Ruth Brown and The Drifters. It’s roster of artists was probably the most eclectic collection anywhere, and it may have been this diversity that finally sent the label back to whence it came. The label is now much sought after for it’s album releases, many of which easily reach three figures due to extremely poor sales on original issue. Surprisingly, inbetween the psychedelia, whimsy, white blues, music hall and Martins Magic Sounds, there are a few decent soul cuts to look out for, of which more in a moment.

It stands up quite well today as a nice pop-soul floater. In 1964, Atlantic set up it’s own individual label, staying with Decca for manufacturing and distribution purposes. In May ’66, the label signed up with Polydor, with whom it stayed until 1972 when it became part of the Kinney (Warner Bros.) set up, hence the ‘K’ prefix on post-1972 releases. Direction was CBS’s soul label, set up in 1968 and running until around 1973, by which time releases had long since stopped and soul releases switched to the new Epic label. Several Direction singles were still on catalogue in 1975, Brooks & Jerry and The Spellbinders to name but two.

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The only single of note would appear to be Time Marches On by The Peels. The Peels had a novelty hit with Juanita Banana , but they do not appear on Time Marches On which is a semi-instrumental with a girl backing group who repeat the title over an incessant beat. As you may have guessed, it bears no resemblence to the Lainie Hill number of the same title. This music was used by one of the pirate radio stations in the mid-60’s and is quite collectable. A short-lived mid-70’s pop label which ran for a couple of years without acheiving any major success. Information is scarce but going by the style of the demo it was probably manufactured by EMI.

  • By the way, early Brunswick singles from the 50’s with gold lettering are highly collectable and include some of the rarest 7″ ever issued in the UK (e.g. Bobby Charles ‘See You Later Alligator’).
  • This is, believe it or not, a cover version of Eddie Regan’s Playin’ Hide And Seek, released here as a flip side by a none too clever vocalist.
  • Its Telegram group has over 19,000 members, which is creating a buzz ahead of release.
  • This intriguingly monickered label saw it’s first releases come out in the UK on ernational before establishing its own imprint, primarily as an outlet for releases by the labels’ biggest stars, The Lovin’ Spoonful.

One of Northern Soul’s all time heroes, the Major never really made a bad record in the 60’s and all of his Columbia releases should be bought without hesitation. The Matador is my personal favourite if only for the mock Spanish horn riffs, but really, with a back catalogue like this guy’s you’re spoilt for choice; Monkey Time, Investigate, Um Um Um Um Um Um, Ain’t No Soul – take your pick. 7868 Barry St. John – Everything I Touch Turns To Tears. By far and away the best treatment of this Udell-Geld number (other versions include efforts by Brian Poole and Cilla Black!), though the heavy handed production by Mickie Most does it’s best to distort the sound.

I once had this in my collection and recall that the label was split horizontally, one half blue, the other orange. Nigeria’s President-elect proposes crypto-friendly regulations to stimulate economic growth. Celebrating our thanniversary promoting credible and independent news. Proudly celebrating our thanniversary promoting the public’s access to credible, independent news and sport. Any scammer or fraudster can code a token to restrict the selling ability of certain investors and not others.

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A Simon Soussan produced vocal version of Bok To Back, entitled Dance Of Love and credited to Suzy Parker appeared on the Port label in 1977, having been originally spun from Emidisc in 1975. Apart from Barbara, there’s only really The Newbeats who give us anything to search for on Hickory. After a couple of hit singles, their falsetto styling paled and they released several non-hits which were picked up by the Northern scene. Crying My Heart out is the best-known, and this achieved monster status at Wigan in 1977. The Newbeats lead singer Larry Henley released a little known solo single entitled Sticking Up For My Baby, and this is currently quite in-demand on UK Hickory.

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An unreleased publishers acetate version of this turned up a few years ago credited to The Ambers. This was their last single and is a surpisingly powerful version of The Impressions classic with a thunderous drum and keyboards rhythm. Nice midtempo item with a breathy vocal by a 21 year old former actress from Kensington. A breezy pop stomper which sounds a lot like The Uniques – Not Too Long Ago in parts.

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Several projects have gained in the process, while many are still in the red. A lot of people are excited about how much money corporations and now the government are investing in this field, which can be seen by the popularity seesaw protocol token and price of metaverse investments. Another independent company called FIREPIN are also perusing this. It’s a well-known cryptocurrency in the metaverse, and the Sandbox has seen some crazy price changes lately.

Most of the black Atlantic’s are well known and you’ll come across many classic sounds. However, the Polydor Atlantic’s were under-promoted and many disappeared without trace. Some of the late 60’s red Atlantics are now being rediscovered and played as ‘crossover’ sounds, so there are probably still a few gems lurking around on those red labels. Much of the unsold stock ended up in Tesco bargain bins in the early 70’s, selling for 10p each. The two Ike & Tina Turner releases are highly recommended, Oh Baby being a thumping dancer and Everyday I Have To Cry being another Spector-ised version, this time of the Steve Alaimo standard. An Irish group who recorded for Columbia before arriving at decca and cutting three flop singles.

Someone must have liked it though, it was issued twice within 2 years. Classic dance number from the Old Town label and an in-demander since the days of the Twisted Wheel. The Gypsies later became resident in the UK where they were known as The Flirtations. With a tune built around a 150 year old piece of classical music, this powerhouse pop-stomper is one of several great cuts by a very good girl group and features a Wall Of Sound type production by Billy Sherrill. Candy & The Kisses were a New York trio comprising sisters Candy & Suzanne Nelson, plus schoolmate Jeanette Johnson. Crypto rug pulls have become a common way for fraudsters to launder millions of dollars.

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The problem is that the rest of it is lost – not lost actually, I threw it all away when we moved house, it was on those little floppy discs we used to have on our pc’s and I had no way of reading it anyway. I’d be happy to put all this stuff up somewhere like a wikipedia thing and people could add whatever they wante to it. Like I say, it was a long time ago, the mid 90’s, there were still tons of records to be discovered and who’d have thought things like “The Hoop” would go from £8 to £80 in that time.

The 70’s releases by Chubby Checker, Bunny Sigler, Bobby Paris, Yvonne Baker etc were credited to ABKCO Records. These are in fact all Cameo/Parkway recordings, the masters of which are owned by and leased from Alan B. Klein Co. Alex Harvey was a Scottish screamer with a great live act, his ‘soul’ band cut a fair cover of Edwin Starr’s Agent 00 Soul which is very collectable.

Play Sets

This intriguingly monickered label saw it’s first releases come out in the UK on ernational before establishing its own imprint, primarily as an outlet for releases by the labels’ biggest stars, The Lovin’ Spoonful. Kama Sutra only has a handful of releases to interest the soul collector, but one of those is surely one of the most collectable records ever released – or unreleased – in the UK. Issues are mint green on a white background with a white logo at the top. Demos are white with green A and black lettering. 312 Mr. Flood’s Party – Compared To What – A popular Torch spin which was forgotten and then revived at Wigan and reissued on another President subsidiary, Bulldog, in 1975. This is a funky, organ and brass led dancer with very ‘right-on’ lyrics, and was at one point covered by Ray Charles.

One that absolutely everyone knows and which made no.12 in the charts in July ’65. The label was yellow with a distinctive ‘arrow’ logo and black lettering. Demos are very similar but have a small black A on the centre of the label and often, but not always, the release date above the title. 12041 Steve Aldo & The Challengers – Can I Get A Witness.

What Is Staking In Crypto? Forbes Advisor INDIA

Tuesday, June 15th, 2021

If you traded crypto in an investment account or on a crypto exchange or used it to make payments for goods and services, you may receive Form 1099-B reporting these transactions. In other investment accounts like those held with a stock broker, this information is usually provided on this 1099 Form. In this case, they can typically still provide the information even if it isn’t on a 1099-B. If your 0.1 ETH in staking rewards appreciates from $200 to $250 and you sell it, you are liable for paying a capital gains tax on the $50 of appreciation.

For what it’s worth, epochs are also used for the actual validation process on the blockchain. Validators are selected to build the next block from the pool of staking validators during an epoch; as epochs turn over and the process repeats, some validators may exit while others may enter. You can stake crypto in many ways, including exchange staking, staking to a validator, or running your own validator.

The new, upgraded blockchain contains the new rule while the old chain doesn’t. For a hard fork to work properly, all nodes or blockchain users must upgrade to the latest version of the protocol software. When calculating your gain or loss, you start first by determining your cost basis on the property. Generally, this is the price you paid, which you adjust by any fees or commissions you paid to engage in the transaction. Despite the decentralized, virtual nature of cryptocurrency, and because the IRS treats it like property, your gains and losses in crypto transactions will typically affect your taxes.

The volatile nature of crypto and corresponding price swings can have you rethinking your strategy on a daily basis — so, volatility is something to keep in mind. The process is simplified for crypto exchange users, says Jeremy Welch, chief product officer at Kraken, one such crypto exchange. On Kraken, Welch says staking is as easy as “going to the staking page [on the user’s interface], specifying the amount you want to stake, and hitting submit.” If you decide to withdraw your assets from a staking pool, there is a specific waiting period for each blockchain before getting your coins back. Most of the bigger crypto exchanges, such as Coinbase, Binance and Kraken, offer staking opportunities in-house on their platform, which is a convenient way to put your coins to work.

Buying or selling cryptocurrency as an investment

You can also combine your holdings with the funds of other investors in a staking pool. When the pool earns payments, you receive a portion in proportion to the size of your contribution to the pool. Earning staking rewards through a staking pool should be considered income at receipt, even if you do not withdraw your rewards. As stated earlier, it’s reasonable to assume that you have ‘dominion and control’ over your coins as long as you have the ability to withdraw them. Tax experts believe that staking rewards are considered ‘received’ when investors have dominion and control over their coins — or in other words, they can freely trade and sell their staking rewards. In this guide, we’ll break down everything you need to know about how staking rewards are taxed.

What are crypto rewards

Kraken offers staking for several leading cryptocurrencies (for non-US residents). The time-tested exchange is one of the oldest cryptocurrency trading platforms and now supports more than 185 cryptocurrencies. Kraken was among the first exchanges to provide proof of reserves, a way to verify that the exchange is solvent. Since the beginning of credit card rewards, consumers have mostly had 2 primary options, usually either earning cash-back or travel rewards.

Cryptocurrency’s rise and appeal as an alternative payment method

Of the crypto exchanges reviewed by NerdWallet, a handful offer staking or rewards for at least some crypto assets. But there are some potential tradeoffs at play with such programs. For one, they’ll likely take a cut of your earnings — a cost you could avoid by staking on your own. “Staking has the added benefit of contributing to the security and efficiency of the blockchain projects you support. Once you’ve committed to staking crypto, you will receive the promised return according to the schedule. The program will pay you the return in the staked cryptocurrency, which you can then hold as an investment, put up for staking, or trade for cash and other cryptocurrencies.

  • So it’s important that crypto owners carefully vet any platform.
  • Staking rewards are a kind of income paid to crypto owners who help regulate and validate a cryptocurrency’s transactions.
  • ATOM staking needs to be manually initiated and the Cosmos network requires you to submit the amount of ATOM you want to stake.
  • Staking rewards are subject to fluctuation depending on the number of staking participants that are staking, transaction volume and other factors.
  • Staking rewards are an incentive that blockchains provide to participants.
  • When a crypto investor stakes their holdings , the network can use those holdings to forge new blocks on the blockchain.

When you choose to earn your weekly rewards in CEL, you unlock higher reward rates and lower loan rates. Our TurboTax Live Full Service Guarantee means your tax expert will find every dollar you deserve. Your expert will only sign and file your return if they believe it’s 100% correct and you are getting your best outcome possible. If you get a larger refund or smaller tax due from another tax preparer, we’ll refund the applicable TurboTax Live Full Service federal and/or state purchase price paid. If you pay an IRS or state penalty because of an error that a TurboTax tax expert or CPA made while acting as a signed preparer for your return, we’ll pay you the penalty and interest. TurboTax Online is now the authority in crypto taxes with the most comprehensive import coverage, including the top 15 exchanges.

Staking APY

Coinbase, meanwhile, was offering Algorand staking at a 5.75% annual percentage yield. Staking is one way for crypto users to generate passive income. The rewards will be paid out in the same currency as your allocated currency crypto rewards (e.g. if you allocate BTC, you will earn rewards in BTC). Users can enjoy a better annual rewards rate when they have CRO locked up. He specializes in making investing, insurance and retirement planning understandable.

What are crypto rewards

This is the big one — increasing your individual stash of tokens or coins. Stakers aren’t guaranteed anything, as the process of forging new blocks and doling out rewards is randomized, but stakers do “earn interest,” so to speak, by staking. Staking offers crypto holders a way of putting their digital assets to work and earning passive income without needing to sell them. Generally, the more that is at stake, the better a user’s chance of earning transaction fee rewards.

However, starting in tax year 2023, the American Infrastructure Bill of 2021 requires crypto exchanges to send 1099-B forms reporting all transaction activity. If you earn cryptocurrency by mining it, it’s considered taxable income and might be reported on Form 1099-NEC at the fair market value of the cryptocurrency on the day you received it. You need to report this even if you don’t receive a 1099 form as the IRS considers this taxable income and is likely subject to self-employment tax in addition to income tax.

You may have to lock up your cryptocurrency

First, participants pledge their coins to the cryptocurrency protocol. From those participants, the protocol chooses validators to confirm blocks of transactions. The more coins you pledge, the more likely you are to be chosen as a validator. Join the 220k+ Celsians supercharging their crypto journey with the CEL token!

This revolutionary technology provides security, transparency, immutability, and auditability. Rocks™ are cryptos for good to donate to charities from the WhatRocks crypto wallet. The dates, terms, and conditions of this promotion may change at any time at the discretion of CEX.IO without previous announcement. The promotion will be open to all countries where CEX.IO operates. Unsupported countries include residents of the United States, Canada, or any jurisdiction where prohibited by law, regulation, or ordinance. Participants have to deposit or purchase new eligible tokens after the promotion begins.

What are crypto rewards

You can always withdraw your staked assets, but there’s usually a waiting time specific to each blockchain to do so. The latter is known as “slashing” and, while rare, has happened across a number of blockchains, including Polkadot and Ethereum. You can think of staking as the crypto equivalent of putting money in a high-yield savings account. When you deposit funds in a savings account, the bank takes that money and typically lends it out to others. In return for locking up that money with the bank, you receive a portion of the interest earned from lending – albeit a very very low portion. Ultimately, deciding to stake your cryptocurrency may come down to whether you feel confident that it’s a good investment over the long term.

What Is Staking In Crypto: How Does It Work

Crypto rewards cards also share similar payment processing networks like Visa or Mastercard, so they will be accepted by any merchant that accepts these cards. When you dispose of cryptocurrency, you will incur a capital gain or loss based on how the price of your staking rewards has changed since you originally received them. To determine cost basis, you should look at the fair market value of your staking rewards at the time of receipt. Generally, when investors contemplate investing in cryptocurrencies, they think about either mining crypto or purchasing it outright on a crypto exchange.

What are crypto rewards

While legislation is still being hammered out, it is important to track your cryptocurrency buy-in prices so you can report any capital gains you may owe taxes on. If and when you sell your cryptocurrency holdings,you may be required to report capital gains and lossesto the IRS. Major tax software platforms are building out support for reporting crypto on your taxes, or you can consult with a tax professional to determine your specific needs. EOS is similar to Ethereum in that it’s used to support decentralized programs. EOS tokens are native to the EOS blockchain, and like other cryptos, can be staked to earn rewards. With many crypto exchanges offering staking rewards on at least a few coins, an exchange can be an easy path for those who are starting to stake, say experts.

How are crypto transactions reported?

You are also free to withdraw your assets whenever you choose, giving you the freedom to lend and withdraw earnings as you wish. Another way to make some passive income is with Compound Finance. Compound Finance is a protocol built on the Ethereum blockchain that allows a user to lend their Ethereum assets to a pool of assets. The Tezos network automatically claims your rewards and adds them to your address.

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However, we may receive compensation when you click on links to products or services offered by our partners. It’s important to note that each of these platforms will have different offerings, rules, and fees. It’s worth the time spent researching a few to make sure your goals align with a certain platform before you jump in.

How do you stake cryptocurrency?

This influences which products we write about and where and how the product appears on a page. Here is a list of our partners and here’s how we make money. If this BTC allocation is worth US$3,100 on 5 July, you will not have any Tier 1 quota remaining. A new allocation at that point will only be eligible for Tier 2 rates. Tier 3 (0.3x of Tier 2 rate) – Once your Tier 1 and Tier 2 quotas (a total of up to US$30,000 worth of allocations) are filled, any subsequent allocations will receive 0.3x the Tier 2 rate. Tier 2 (0.5x of Tier 1 rate) – Once your Tier 1 quota of US$3,000 is filled, the next US$27,000 worth of allocations will receive 0.5x the Tier 1 rate.