Cryptocurrencies and NFTs are viewed differently than other investments by the IRS, making for a complex tax landscape. How can I simplify the tax submission process for myself or my CPA? Specialized cryptocurrency tax software enables users to generate a crypto tax report for their country, oftentimes generating Form 8949 alongside other files for e-file…
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Triple and quadruple-digit cryptocurrency earnings might be possible in any market with a little strategy and some analysis. With news of early adopters retiring millionaires, and newbies making a 300% profit or more on their cryptocurrency holdings, investing in digital assets is seen by many as a lucrative opportunity. That said, cryptocurrency continues to exist…
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Ordinary Russians are increasingly starting to feel the bite of Western-led sanctions, media reports from inside the country have indicated. The ruble fell once again today and, at the time of writing, is worth around USD 0.0090, or 26% less than on the day of the invasion of Ukraine (February 24). … Read More: Russian…
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_____ _____ Staking is seemingly set for a big 2022. With Ethereum (ETH) planning an eventual move to a proof-of-stake (PoS) consensus mechanism this year, it will bring staking to thousands if not millions of users who’ve never tried it before, with the growth of ETH staking likely to feed into similar growth elsewhere…. Read…
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After the EU, Canada, and the US agreed to remove selected Russian banks from the SWIFT messaging system, the Russian Central Bank is to be targeted next, which could make rubles “close to worthless.” In a joint statement on Saturday evening, the allies said they commit to ensuring that the Russian banks are disconnected…
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Maple Finance, an institutional capital marketplace focused on crypto, has issued its first syndicated loan in excess of USD 100m to Alameda Research, a quantitative trading firm and parent company of crypto derivatives exchange FTX. According to an announcement from Maple Finance, the loan to Alameda was made possible after the crypto lending and…
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The weekend selling in the crypto market occurred despite a number of recent optimistic forecasts predicting everything from a bottoming out to an expected break in the correlation between crypto and traditional assets this spring…. Read More: Optimistic Forecasts Appear Bleak as Bitcoin, Ethereum Keep Trending Lower, BTC and ETH Flows Diverge Read more…
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A decentralized autonomous organization (DAO) has been established with the aim to pool some USD 4bn and buy the Denver Broncos franchise of the US National Football League (NFL). The Broncos were put up for sale earlier this month, and the trustees said in a statement they hope to have the sale completed by…
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Chen Li is the CEO and Founder of Youbi Capital, a digital asset VC and accelerator. _____ The digital economy is creating an entirely new kind of investor. From the embrace of blockchain to the emergence of cryptocurrency, decentralized finance and NFTs, today’s traders are operating within a landscape transformed…. Read More: Memes and the…
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The bitcoin (BTC) price dropped again today, after losses in the stock market, geopolitical tensions, and prospects of rising rates weighed on sentiment in the digital asset market. However, some are hopeful that the worst is now behind us, with one leading institutional investor reminding bitcoiners that network growth is what matters in the…
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