Viewing the articles in tag: Crypto News
October 3rd, 2024
Bitcoin Ordinals are a new way to own unique digital items using Bitcoin. Instead of just being a type of money, each tiny unit of Bitcoin—called a satoshi—can now hold special information, turning it into a collectible, much like how non-fungible tokens (NFTs) work on other platforms.
April 26th, 2024
As cryptocurrency continues to gain mainstream adoption, it’s crucial to understand the tax implications associated with buying, selling, and earning crypto. The Internal Revenue Service (IRS) treats virtual currencies as property for tax purposes, which means that various transactions involving crypto can trigger taxable events. In this comprehensive guide, we’ll explore when you need to report cryptocurrency on your taxes, how to calculate gains and losses, and what documentation is required for compliance.
January 18th, 2024
Learn how to buy Elon Musk’s new cryptocurrency, including where to purchase it, setting up a crypto wallet, understanding gas fees, and tips for responsible investing.
January 3rd, 2024
Shiba Inu (SHIB) has become one of the most popular and talked-about cryptocurrencies, gaining a strong community of investors and developers since its inception in 2020. This meme-inspired crypto asset has seen tremendous growth, now ranking among the top 15 cryptocurrencies by market capitalization.
December 9th, 2023
Have you noticed more crypto investors and companies setting up shop in Panama lately? Panama has aggressively positioned itself as a tax haven, offering perks like no taxes on gains to attract investors. But are Panama’s tax breaks too good to be true?
October 31st, 2023
The United Kingdom has taken a significant step forward in recognizing and regulating cryptocurrencies as a legitimate activity within the country. In a groundbreaking move, U.K. parliamentarians have voted in favor of the Financial Services and Markets Bill (FSMB), signaling the potential for a new era of regulatory oversight in the crypto industry.
September 22nd, 2023
With the crypto market down approximately 75% from its all-time high, we are unarguably in the midst of a bear market. Historically, bear markets shake out the weaker projects and less committed individuals, resulting in a better industry moving forward. Projects with strong teams and technologies make it through alive. Today we are going to look into the Polygon Network and see what’s been brewing these last few months.
Crypto tax accountants
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