Tax compliance – DIGIT INFO

Arkham transfers $487M ARKMs to Coinbase Prime for tax compliance

DIGIT — Sun, 21 Jul 2024 09:47:36 +0000

As the unlocking process progresses, the involvement of Coinbase Custody will play a crucial role in managing the vesting of these tokens.

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Canada’s Tax Agency Targets $40M in Uncollected Crypto Taxes as Trudeau Seeks Major Capital Gains Hike

DIGIT — Tue, 14 May 2024 05:20:50 +0000

Based on a report by the National Post, Canada’s Revenue Agency (CRA) is actively searching for uncollected taxes on cryptocurrencies. The agency estimates that there is nearly $40 million in undeclared taxes related to digital currencies. Concurrently, Prime Minister Justin Trudeau is proposing an increase in capital gains taxes from 50% to 66% for any […]

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Ethereum Co-Founder Vitalik Buterin’s Address Sells Trillions of Airdropped Tokens, Causes Illiquid Coin Prices to Plummet

DIGIT — Wed, 08 Mar 2023 21:30:58 +0000

On March 7, onchain observers noticed that Vitalik Buterin, the co-founder of Ethereum, had allegedly sold billions and trillions of airdropped ERC20 tokens, resulting in a gain of an estimated $700,000 in value. The market liquidity of the airdropped tokens was shallow, and the relatively unknown ERC20 tokens plummeted in value after Buterin reportedly sold […]

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Crypto Tax Compliance Startup Taxbit Raises $100 Million, Targets International Expansion

DIGIT — Fri, 05 Mar 2021 06:30:13 +0000

U.S. crypto tax compliance startup Taxbit has raised $100 million in a Series A funding round led by investment firms Paradigm and Tiger Global. Paypal Ventures, Coinbase Ventures, and others including Bill Ackman, Ryan Smith, and Anthony Pompliano also joined the round. Taxbit chief executive officer Austin Woodward said the funds will be invested in […]

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