How to Survive this Crypto Winter & Come Out on Top
Just when the market started showing signs of recovery from its recent crypto winter, which began in late 2021, fueled by rising inflation, interest rates, a potential recession and the Terra crash, we got hit by another blow – the FTX collapse. After reaching its peak in 2021, when...
The FTX Collapse Explained & How to Claim Losses
Crypto is going through a rough patch this year. First, the declining market, then the hacks and the Terra crash and now this – the FTX collapse. What started with a simple CoinDesk report on some insights into the balance sheet of Alameda Research quickly turned into one of...
Crypto Staking Taxes Lawsuit Explained: Jarrett v. United States
The three-year-long lawsuit involving the IRS and how it treats crypto staking taxes finally came to an end a couple of months ago. Or did it? The IRS never clarified its position on crypto staking. The closest thing we have to that are guidelines for mining rewards, based on...
Ethereum Merge Explained – Is it a Taxable Event
In a significant historical event, Ethereum finally shifted from its Proof-of-Work (PoW) consensus mechanism to the Proof-of-Stake (PoS) system on 15 September 2022, as it was always intended to since its very conception in 2013. This is what everyone is referring to as the Ethereum Merge. By reducing Ethereum’s...
Terra Crash: Explained (& How to Claim Losses)
The Terra crash is a historic event for the entire crypto industry. An event that we’ll remember for years to come. It set many examples, taught many lessons and unfortunately, cost people millions of dollars. Terra (LUNA), once trading for more than $80 per unit just a month ago,...
Crypto Bear Run? Make the Most of it
It’s official. We’ve officially entered a crypto bear run. Some might call it a crypto winter. Whatever you wanna call it, it’s here. If you’re into crypto, trading or stocks, you might already know what a bear market is. Different people have different definitions for it, but generally, it’s...
Why is Bitcoin Going Down? Don’t Lose your Mind Yet
Bitcoin prices fell from $69,000 to $35,000 in the last few months. But why is Bitcoin going down? Let’s understand why....
China Crypto Ban? Here’s What Happened
China has already announced 18 crypto bans since 2013, causing FUD in the crypto space time and time again. But those bans were never conclusive or absolute, allowing users to continue buying and selling crypto without any restraints. This time though, China’s ban on cryptocurrency seems legit and leaves...
El Salvador and Bitcoin
On September 7, history was made when president Nayib Bukele announced that Bitcoin is now a legal tender in El Salvador, which means Bitcoin is now an official currency of the country, along with U.S dollars, which was El Salvador’s only official currency before this. Is Bitcoin Legal Tender...
The London Hard Fork
On Thursday, 5 August, the world’s second-biggest cryptocurrency underwent the much-awaited software upgrade that aims to solve some of the problems that have annoyed even the biggest Ethereum supporters for the longest time. What we are talking about is Ethereum’s highly unpredictable and volatile transaction fee. The problem has...