Bookmarking Crypto Insights
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As tax day in the US approaches, a tax filing service reports that less than 100 out of 250K customers have included crypto in capital gains filings #NEWS Go to Source Powered by WPeMatico
With tax season upon us, cryptocurrency enthusiasts have a lot to take into account. For one thing, it seems there are some details which most people may not be aware of. Failing to comply with these requirements can lead to a jail sentence, though, so it’s important to keep these things in mind at all times. … Read more
Backpage indicted on 93 counts, including laundering $500+ mln in “prostitution-related revenue,” via crypto and other routes. #NEWS Go to Source Powered by WPeMatico
Tax season in the U.S. is here, and many citizens who use or hold cryptocurrencies are clamoring around trying to figure out how to file their capital gains taxes. According to reports from Fundstrat’s analyst Tom Lee, cryptocurrencies represent roughly 20 percent of last years U.S. capital gains. Also Read: Emin Gün Sirer Discusses Cryptocurrency Academics … Read more
The U.S. government has been cracking down on individuals utilizing the peer-to-peer platform Localbitcoins. This week an Arizona resident named Thomas Costanzo was convicted for money laundering tied to over $164,000 worth of cryptocurrency trades. Also Read: Arizona Localbitcoins Trader Detained by U.S. Homeland Security Two Years Worth of BTC Trades Investigated The U.S. Attorneys Office … Read more
The Satoshi Revolution: A Revolution of Rising Expectations Section 2: The Moral Imperative of Privacy Chapter 6: Privacy is a Prerequisite for Human Rights How Centralized Exchanges Intend to Devastate You. Chapter 6, Part 6. The root problem with conventional currency is all the trust that’s required to make it work…We have to trust them … Read more
Cryptocurrency markets are in the red, Ethereum has dropped below the $500 mark for the second time in the last month, Bitcoin is below $8,000. #NEWS Go to Source Powered by WPeMatico
The United States Internal Revenue Service (IRS) recently published a document reminding taxpayers that income derived from virtual currency transactions must be reported on income tax returns. The IRS states that taxpayers who fail to report virtual currency earning may be audited or made liable for “penalties and interest.” Also Read: Bitcoin Adoption Grows in Ugandan … Read more
Due to the “inherently pseudo-anonymous aspect” of crypto, the IRS reminds taxpayers of penalties for failure to report crypto on tax returns. #NEWS Go to Source Powered by WPeMatico
Coinbase’s Chief Legal and Risk Officer called on regulators to avoid missteps towards crypto’s ‘tremendous potential’. #NEWS Go to Source Powered by WPeMatico
