According to personal finance firm Credit Karma Tax, filers who reported short-term capital losses for cryptocurrencies in the first month of 2019 jumped fivefold year-over-year. After the incredibly bearish crypto markets of 2018, data from early tax filers highlights the fact that more investors are claiming losses this tax season. However, a survey the company […]
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Traditional venture capital investors seem to think that the field of crypto reporting apps is appealing. Cryptocurrency tax and accounting software development startup Libra has raised an extra $15 million in its Series B funding round. Also Read: Opera Browser Opens Its Built-in Cryptocurrency Wallet to Desktop Users $24.8 Million in Funding for Crypto Tax […]
The government of India is reportedly considering levying a type of consumption tax on cryptocurrency trading and even mining. The most grievous part of this proposal is that it may also be a retroactive measure, demanding payments for past actions. Also Read: Economics Nobel Laureate Robert Shiller Examines Bitcoin in Historical Context Crypto Sales Tax The […]
Bitfinex, an exchange famed for its opaque banking arrangements, has begun ordering its users to submit their tax details. The platform, which is registered in the British Virgin Islands, a known tax haven, will retain this information and may share it with tax authorities in their customers’ jurisdiction. The news has caused quite a stir. […]
Bitcoin has jumped to just over $9,200. That’s a $400 increase from yesterday’s trading position of $8,800, and it appears the bulls are back in the game. The last 48 hours had everyone worried somewhat, with the currency experiencing a $500 drop from its recent high of $9,300. A whirlwind of phony deals and Mt. Gox maneuvers may have potentially led to a dip in the currency’s price, though it appears the worry and fear has largely dissipated thanks to some newfound regulatory steps in Europe. France – a country infamous for its maltreatment of bitcoin and related cryptocurrencies –