Crypto Mining Taxes – The Complete Guide
In recent years, more and more people are getting aware of the importance of reporting taxes on their crypto transactions. There is a bounty of content and resources out there talking about the different tax implications of trading crypto. However, when it comes to crypto mining, such as Bitcoin,...
NFT Taxes – Everything you Need to Know
Non-fungible Tokens (NFTs), once popular only among crypto-enthusiasts, are now quickly overtaking the mainstream by storm. It’s clear that it’s not just a passing trend. NFTs are here to stay. People all over the world are earning top dollar from flipping NFTs. Creators and artists struggling before this boom...
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...