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.
Thodex, once among Turkey's leading cryptocurrency exchanges, abruptly ceased operations in April 2021, coinciding with the disappearance of its founder, Özer.
Sen. Bill Hagerty, a member of the Senate Banking Committee from the Republican party, advocates for a more comprehensive examination of the relationship between the securities regulator and the digital assets sector.
Crypto tax software is a tool that automates the process of tracking and reporting taxes on cryptocurrency transactions. It can help simplify tax r...Read more
FIFO (First-In-First-Out) and LIFO (Last-In-First-Out) are two methods used to calculate gains and losses for tax purposes. FIFO assumes that the f...Read more
Most crypto activities, such as trading, mining, staking, and receiving payments, are taxable events that may result in capital gains or losses. Th...Read more
Crypto tax software integrates with cryptocurrency exchanges and wallets to automatically import transaction data and calculate capital gains and l...Read more
To keep track of crypto tax, users can use crypto tax software, such as Koinly, or manually track transactions using a spreadsheet or other tools....Read more
Crypto tax on PayPal depends on the country and jurisdiction. In the US, PayPal will report cryptocurrency transactions to the IRS and send 1099-K...Read more
It is not recommended to avoid paying taxes on crypto as it can lead to penalties, fines, and legal consequences. However, there are legal ways to...Read more
To file crypto taxes in the US, users must report capital gains and losses on IRS Form 8949 and Schedule D. They should also report any crypto inco...Read more
In the US, crypto-to-crypto trades are considered taxable events that may result in capital gains or losses. Users need to calculate the fair marke...Read more
Transferring crypto from one wallet to another is not taxable as long as it does not involve a sale or exchange. However, users must keep track of...Read more
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