Someone familiar with the situation stated that the cost was below the $250 million that was spent on acquiring the custody firm Metaco back in May.
The prominent NFT project is on the verge of parting with a significant portion of its treasury as disillusioned investors prepare to make their exit.
Prosecutors reported that they successfully resolved the majority of Bankman-Fried's laptop problems with assistance from the defense earlier this week. Meanwhile, the defense remains steadfast in their pursuit of a "temporary release."
Cryptocurrency is treated as property by the IRS and can be subject to capital gains and ordinary income taxes.Read more
Disposing of cryptocurrency ( i.e. selling it or trading it for other cryptocurrencies) and earning cryptocurrency (i.e. receiving airdrop or staki...Read more
Long-term capital gains tax ranges from 0-20%. Meanwhile, short-term capital gains and ordinary income are taxed from 10-37%.Read more
To calculate your crypto taxes, you’ll need to keep a complete record of your cryptocurrency income and capital gains. Alternatively, you can use a...Read more
While there’s no way to legally avoid crypto taxes, strategies like tax-loss harvesting can help you save thousands of dollars on your tax bill.Read more
While you can file your taxes manually, a crypto tax calculator like CoinLedger can save you hours of time and effort.Read more
CoinLedger is the highest-rated crypto tax calculator. The platform currently is rated 4.8 stars on Trustpilot with more than 600 reviews!Read more
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