When the digital artist known as Beeple sold his Everydays piece for $69.3 million in March 2021, the discussion around non-fungible token (NFT) art was catapulted from relative obscurity into the mainstream.By the end of the year, total sales of digital art minted on Ethereum ha
Myth 1: You are only taxed when cashing out to fiat.Our first myth about crypto taxes is far and away the most popular misconception. Some people believe the only taxable transaction is cashing out from crypto to fiat (U.S. dollars, or USD).
Monday was a holiday, so you’re getting this week’s edition of the newsletter a day late. But it was a pretty eventful day. We may be on the cusp of seeing the effect that widely coordinated, government-imposed sanctions have on digital currencies (and currencies&rsqu
The past week has been a dramatic showcase of the value of an uncensorable global payment, settlement and value-storage network. In Canada, a liberal-democratic government led by Prime Minister Justin Trudeau has frozen its own citizens’ bank accounts to break up an unpopul
The tax calculations required for cryptocurrency investments heighten your return’s complexity, and often lead taxpayers to make mistakes during the filing process.For crypto users who use multiple exchanges or wallets, understanding how the IRS treats cost basis assignment
With the passage of the U.S. infrastructure bill in November, “crypto brokers” (i.e., cryptocurrency exchanges and other third parties that facilitate the transfer of digital assets) will be required to report customers’ cryptocurrency transactions to the Intern
Crypto supporters were taken aback this past July when the infrastructure bill brought to the U.S. Congress claimed it could raise $28 billion from crypto investors by applying new information-reporting requirements to exchanges and other parties. This projection ended up getting
Attending ETHDenver this past weekend allowed me to gain insight into the frontline of DeFi, NFTs, DAOs and all the exciting parts of Ethereum that the industry loves. And it was also amazing to get a chance to see how developers were tackling problems at the core infrastructure
Last Saturday, renowned historian Adam Tooze published a blog that asked, indirectly, whether there is a back door to Bitcoin. Though primarily built and maintained by private developers, the first cryptocurrency network is essentially a public good. It’s open source, open
Cryptocurrency tied to the Canadian truckers protesting COVID-19 restrictions has been on the move, in defiance of the authorities’ orders to freeze funds, blockchain analysis shows.Nearly all of the roughly 20 BTC (about $788,000 U.S. at current exchange rates) sent to the
Last year, 2021, was the year non-fungible tokens (NFT) became mainstream as trading volume skyrocketed to $24.9 billion, up from just $94.9 million in 2020. Hundreds of thousands of crypto aficionados joined in on the hype, some of whom became multimillionaires in a matter of mo
As America watched 2022’s addition to the long tradition of the Super Bowl, one thing stood out: Bitcoin (BTC) has permeated the zeitgeist on every level, from the commercials, to the players participating and beyond.
Getting rekt is bad. Getting tax-rekt adds insult to injury.Cryptocurrency investing is challenging enough on its own. The degen objective is to avoid suffering losses from hacks and rug pulls in the process of reaping oversized decentralized finance (DeFi) returns. There's no gr
I've never been a tax activist. I've always taken the "give to Caesar what is Caesar's" approach to my tax burden.I'm not very religious either, but I always loved that line from the Bible. Jesus used it to deftly deflect some antagonists who were trying to trip him up and trap h
Some very big, and very vocal, publicly traded companies are investing and transacting in digital assets, but the longer-term tax impact of that strategy remains to be seen.PwC’s 2020 “Global Crypto Tax Report” highlighted that it took five years after bitcoin l
Barely a year ago, the term play-to-earn was basically unheard of. By the end of 2021, this new category in gaming had turned heads worldwide, with over $4 billion in investment poured into the space and more than 1.4 million unique active wallets interacting with game dapps dail
Las volátiles y a veces extraordinariamente elevadas tarifas de Ethereum han sido un importante tema de conversación. Los críticos suelen citar las tarifas de la red como un defecto fatal que la hace inutilizable, abriendo la puerta a que un "asesino de ETH"
This period is a “macro moment” for financial markets.Cryptocurrencies have entered another correction cycle, with the price of bitcoin and ether down about 35% from their November highs.
A growing number of people believe Bitcoin could soon replace gold as a safe haven against a depreciating dollar. This, of course, is just speculation, but it is curious to see the exuberance of people regarding Bitcoin. Aside from the fact that there are a multitude o
