Bitcoin
$62,856.33+2.40%
Ethereum
$2,946.92+0.59%
Binance Coin
$592.55-0.17%
Solana
$147.24+2.61%
XRP
$0.50502672+1.16%
Toncoin
$7.03+1.33%
Dogecoin
$0.14854839+5.22%
Cardano
$0.43626566-0.26%
Shiba Inu
$0.00002335+4.65%
Avalanche
$32.45-2.18%
Tron
$0.12564976-1.27%
Wrapped Bitcoin
$62,879.09+2.36%
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Friend.tech: The Legal and Tax Ins and Outs of This Year’s Hottest Crypto App

Sep 14, 2023

Friend.tech, a decentralized social media platform in which you can buy and sell “keys” in your friends on X, whose value can go up and down, has become a viral sensation, racking up as many as 100,000 users since launching on August 10. Securities and banking law professor at George Mason Law School JW Verret, and tax partner and co-head of the Digital Assets and Blockchain Practice at Fried Frank Jason Schwartz, share their thoughts.

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    CoinDesk Staff
    CoinDesk is the world leader in news, prices and information on bitcoin and other digital currencies. We cover news and analysis on the trends, price movements, technologies, companies and people in the bitcoin and digital currency world.
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    The CoinDesk Bitcoin Price Index (XBX) is the world’s leading reference for the price of bitcoin, used by the largest institutions active in crypto assets. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Built for replicability and reliability, in continuous operation since 2014, the XBX is relied upon by asset allocators, asset managers, market participants and exchanges. The XBX is the flagship in a portfolio of single- and multi-asset indices offered by CoinDesk.

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    CoinDesk Indices

    Logo of BTC
    BTC
    Bitcoin
    $62,856.33
    2.40%
    Logo of ETH
    ETH
    Ethereum
    $2,946.92
    0.59%
    Logo of BNB
    BNB
    Binance Coin
    $592.55
    -0.17%
    Logo of SOL
    SOL
    Solana
    $147.24
    2.61%
    Logo of XRP
    XRP
    XRP
    $0.50502672
    1.16%
    Logo of TON
    TON
    Toncoin
    $7.03
    1.33%
    Logo of DOGE
    DOGE
    Dogecoin
    $0.14854839
    5.22%
    Logo of ADA
    ADA
    Cardano
    $0.43626566
    -0.26%
    Logo of SHIB
    SHIB
    Shiba Inu
    $0.00002335
    4.65%
    Logo of AVAX
    AVAX
    Avalanche
    $32.45
    -2.18%

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