Bitcoin News / Bitcoinist - 6 days ago
Cryptocurrencies are going through a very good period right now, and some people are likely to walk away with a nice return on their investment as 2024 draws to a close. But this is also good news for the IRS when it comes time for your next tax bill...
Bitcoin News / Bitcoinist - 3 months ago
In August 2024, the crypto ecosystem has experienced its least monthly losses of the year. However, this development which can be quite encouraging for potential investors is accompanied by increasing year-to-date (YTD) losses which indicate the nasc...
Bitcoin News / Bitcoin.com - 5 months ago
Losses attributed to crypto crimes involving the use of deepfakes are projected to surpass $25 billion in 2024. According to the latest Bitget research study, these losses are expected to continue rising if no regulatory intervention is introduced to...
Bitcoin News / Bitcoin.com - 6 months ago
In May, cybercriminals were less successful in their attacks on decentralized platforms, resulting in losses attributed to hacks and fraud incidents amounting to approximately $52.4 million. During the same period last year, digital assets worth $59....
Bitcoin News / Google News Bitcoin - 6 months ago
Study: Crypto Losses 28% Lower in May; Attackers Primarily Targeting Defi Platforms – Security Bitcoin News& & Bitcoin.com News
Bitcoin News / Bitcoinist - 6 months ago
The ongoing bull run in the crypto market has brought soaring prices, fueled by regulatory breakthroughs and significant events like the Bitcoin (BTC) Halving and approval of crypto exchange-traded funds (ETFs) in the US and Hong Kong. However, along...
Bitcoin News / Bitcoin.com - 10 months ago
Peckshield’s latest report reveals a mix of challenges and advancements in the crypto world. Despite a notable decrease in overall losses to hacks and scams, decentralized finance protocols remain heavily targeted, accounting for a significant...
Cryptocoins News / The Cointelegraph - 1 year ago
Unlock the complexities of cryptocurrency taxation and learn how crypto losses impact your tax liability in the United States, United Kingdom and Canada. Cryptocurrenc...
Cryptocoins News / The Cointelegraph - 1 year ago
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned. Researchers at Indiana Univers...
More / Etherum Reddit - 1 year ago
‘I don’t need to report crypto on my taxes because I didn’t take profits last year.’ I hear this pretty often both IRL and on Reddit, and it’s important to remember that this statement is a bit of an oversimplification. It’s true that you don’t need...
by COINS NEWS - 1 year ago
As a crypto tax law firm, we have a ton of people come to us with this question: "I only had losses last year, do I still need to report them on my taxes?" Lets break down why it's so important to report crypto losses. It's importa...
Cryptocoins News / CoinJournal - 1 year ago
Key Takeaways
Cryptocurrency industry was valued close to $3 trillion entering 2022, now it is $800 billion&
There are 73% less Bitcoin millionaires after 2022
Bitcoin has pulled back 75% from its all-time high of close to $69,000
25% of the bi...