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For example, suppose that you purchased $50,000 worth of bitcoin on Coinbase. After 40 days, the price fell, and you sold the position for $40,000, incurring a $10,000 loss. Then, in a Ledger wallet transaction, you repurchased Bitcoin for $42,000 five days later. Source
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Stephen Almond, Executive Director - Regulatory Risk said: “People should be able to enjoy the benefits of using their connected devices without having excessive amounts of their personal data gathered. This simply isn’t a price we expect to pay. “To
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The class-action lawsuit against OpenAI adds to the increasing number of legal challenges faced by companies involved in developing and profiting from AI technologies. OpenAI, the prominent technology company pioneering unique innovations in Artificial Intelligence (AI) has been hit with a lawsuit filed by sixteen pseudonymous individuals. The plaintiffs claim that
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The meteoric ascent of generative artificial intelligence has created a bonafide technology sensation thanks to user-focused products such as OpenAI’s ChatGPT, Dall-E and Lensa. But the boom in user-friendly AI has arrived in conjunction with users seemingly ignoring or being left in the dark about the privacy risks imposed by
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Failing to utilize tax loss harvesting is one of the biggest mistakes people make on their tax returns, according to Danny Talwar, the head of tax at crypto tax software firm Koinly.Speaking to Cryptox ahead of the April 18 United States tax deadline, Talwar said that for those investors who
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OpenAI, the creators of artificial intelligence (AI) chatbot ChatGPT, is under investigation by Canada’s privacy commissioner for alleged collection and use of personal information without consent.On April 4, The Office of the Privacy Commissioner of Canada (OPC) stated its investigation was brought about following a complaint from an unidentified person.
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The president's team has already passed one crypto tax-related piece of legislation into law; in 2021, the Bipartisan Infrastructure Framework, which later became the Infrastructure Investment and Jobs Act, included a controversial tax provision that would impose certain reporting rules onto brokers facilitating crypto transactions. The definition of "broker" was
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Crypto tax planning can help optimize taxes by identifying opportunities to minimize tax liability on cryptocurrency transactions. For instance, donating cryptocurrency to a charitable organization can provide a tax deduction and also avoid capital gains tax on the donated assets.Crypto tax-loss harvesting is another strategy that cryptocurrency investors use to
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The majority of NFTs purchased by the site are derivative projects – meaning, collections based on other popular projects that are often made worse. These include Lost Nouns, a derivative of Nouns, Anatomy Science Ape Club, a derivative of BAYC and Baby Goblinz, a play on Goblintown. Source
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sponsored There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works and how it can
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