Category: Crypto News

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...

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...

How the Crypto Infrastructure Bill Might Affect Crypto Taxes

The Senate finally gave bipartisan approval to the $1 trillion infrastructure bill, also known as HR 3684, last Tuesday, the 10th of August. Focused on collecting and allocating money for building bridges, roads, transportation systems, and supporting clean energy, along with other advancements, the bill plans to raise $28...