5 Biggest Crypto Cross-Chain Bridge Hacks in 2022

What does the recent surge in cross-chain bridge hacks tell us? That they are the new favorite targets for hackers.  But why? Almost every day, a new cross-chain protocol gets hacked, and funds get stolen. Is it because cross-chain protocols are more vulnerable to hacks? Or are there any...

Crypto Hacks & Theft – Can you Claim Losses?

Crypto hacks are one of the most pressing challenges stopping the widespread adaptation of crypto and blockchain technology in the traditional finance space.  According to a Chainalysis report, more than $3 billion worth of cryptocurrency has been stolen so far in 2022 alone.  Firstly, in a climate like this,...

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...

Crypto Taxes in Romania: An In-Depth Guide

Crypto taxes in Romania are straightforward – All income or profit made from crypto is subject to income tax rates of Romania.  But to understand how crypto taxes work in Romania, you need to know how crypto is treated from a tax perspective. In this guide, we’ll discuss the...

Crypto Taxes in the US: An In-Depth Guide

Crypto taxes in the US are as follows –  You pay short-term or long-term capital gains taxes on selling, spending, swapping or disposing of your crypto and income taxes on crypto you receive as income.  Even though the crypto taxation laws in the US aren’t perfect, they are certainly...

8 Best Crypto ETFs in the US (2022 Updated)

Crypto ETFs in the US don’t actually track the performance of any cryptocurrency, for instance, Bitcoin.  Instead, most of the popular ones, like ProShares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF, track the prices of Bitcoin Futures because the US Securities and Exchange Commission (SEC) hasn’t yet approved...

Automated Market Makers Explained

A market maker is someone who adjusts the price of one asset to meet the supply and demand of the other and vice versa. Automated market makers are smart contracts (self-executing contracts) that do just that, but as the name suggests, automatically, with the help of algorithms and equations. ...

Crypto Forks & How are they Taxed

Simply put, crypto forks are upgrades made in a blockchain to either fix a bug or security issue, add new functionalities or change the fundamental nature of how it operates. These upgrades may force the blockchain to split into two, depending on whether it’s a soft or hard fork....

5 Best Practices to Protect your Crypto

In a series of crypto hacks, the Binance Smart Chain is the newest victim, with $570 million stolen from its blockchain network. Even though you can’t do much to stop these attacks on blockchain networks, there is a lot you can do on your end to protect your crypto...

Crypto Arbitrage Trading: An In-Depth Guide

Crypto arbitrage trading is low-risk compared to other, more popular trading strategies like day trading or swing trading, mainly because, unlike them, arbitrage trading doesn’t require you to rely on predictive analysis and speculations to make a profit.  Whether the prices rise or fall, you’re almost guaranteed to make...