Cryptocurrency Analysis and News Portal
The AFIP, the Argentinian tax agency, is supporting the creation of a centralized system that serves as a registry for cryptocurrency holders. According to statements from its head, this would make it easier for tax agencies all over the world to curb evasion. The organization has already made use of
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The difference between the LP tokens' value and the underlying tokens' theoretical value if they hadn't been paired leads to IL. Let's look at a hypothetical situation to see how impermanent/temporary loss occurs. Suppose a liquidity provider with 10 ETH wants to offer liquidity to a 50/50 ETH/USDT pool.
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Metaverse skeptics fear the prospect of unprotected data and large-scale user surveillance on a scale never seen before. Ironically, the largest company pushing the Metaverse, Meta (previously known as Facebook), has faced its own fair share of privacy scandals in the internet’s current iteration, culminating in Mark Zuckerberg being infamously
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There are many different ways to earn crypto, including mining, airdrops, staking your coins or through earning interest. When you earn crypto in this way, you have ordinary income to report. The amount you report is the fair market value of the crypto you earned when you received it. You
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The official channel of the Bored Ape Yacht Club (BAYC) on the popular messaging service Discord was hit by a malicious tool that intended to trick users into minting fake non-fungible tokens (NFTs) from the popular Bored Ape collection, the company said in a tweet on Friday. Source
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Cryptox is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.We recently released the third and final version of the Koinos testnet, which is why I want to talk about
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The primary functions of a blockchain analysis tools include address classification, providing investigation tools, monitoring transactions and risk analysis. The ability to link blockchain addresses to real-world identities is one of the most common uses of blockchain analysis software. Such tools use a variety of ways to identify real-world
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sponsored The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli. “You don’t have to pay taxes on crypto” One very common mistake that people
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As the Biden administration slaps economic sanctions against Russia to contain the crisis in Ukraine, Russia is using various cryptocurrency tools to maintain access to foreign capital. As Russia attacked Ukraine, cryptocurrency prices fell sharply. On Thursday morning, Bitcoin prices declined to more than 8%, to settle at $34,702.18, marking its
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If not careful, investors can end up owing more tax than expected and having to unload crypto to pay the bill. Original Source
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