The tax implications of different crypto investment strategies can be categorized into – crypto trading, HODLing, dollar-cost averaging and crypto passive income sources, like staking, yield farming, lending, etc. While the first three will generally trigger capital gain taxes, crypto passive income activities will attract income taxes. In this...

Crypto tax software simplifies the tax reporting process for crypto investors and traders. By addressing the complexities unique to digital assets, like crypto and NFTs, these tools allow users to track and calculate their taxes more efficiently and ensure compliance with tax regulations. Accurate tax reporting is a top...

The earnings statement of VISA released last year revealed that $2.5 billion in payments were made using crypto debit cards. With increasing demand, more and more companies are coming out with their own cards and features. However, despite so many options, only a few made it to our list...

Crypto taxes for US expats is pretty simple when you remove all the nuances: You may not always be liable to capital gains taxes on your crypto gains or income taxes on your crypto income, but regardless of your tax liability, you must always report all your gains, income,...

Crypto credit cards allow users to earn rewards in cryptocurrency while making purchases with fiat currency, like any regular credit card.  Crypto credit cards and debit cards have witnessed a remarkable surge in popularity in recent years. This trend is reflected in Visa’s Q1 2022 earnings report, where users...

Crypto tax loss harvesting can reduce taxable gains and income while rebalancing your portfolio. However, investors must also consider the opportunity cost of selling assets too early, potentially paying more taxes in the long run, transaction fees and the need for meticulous record-keeping.  Let’s face it. Nobody likes paying...

At its core, crypto aims to be decentralized and anonymous, inevitably making it less regulated than our traditional financial infrastructure. The biggest crypto scams exploited this very fact, in addition to people’s fear of missing out and lack of understanding about the technology.  From rug pulls, Ponzi schemes and...

Holding crypto in RRSP or TFSA is not possible, but you can still invest indirectly through Bitcoin ETFs. These funds track the price movements of Bitcoins held by the ETF provider, making it a familiar and accessible method for investors to profit from cryptocurrencies. The only drawback is that...

Hong Kong will allow retail trading of cryptocurrencies from June 1, Conflux prices surged by an impressive 19% in just a single day, Binance faces allegations of commingling customer funds with company revenue from Reuters, Florida Governor Ron DeSantis announces presidential bid and criticizes restrictive regulations on Twitter Spaces,...

There are many people who bought stupidly expensive NFTs with no real utility that are now virtually worthless. If you, too, made the mistake of getting caught up in the hype and FOMO and now don’t know what to do with them, we might have a solution for you...