2023-4-29 22:15 |
A recently published study appears to advocate for the isolation of crypto assets from other tax deductions where losses are concerned. origin »
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According to a new FBI report, crypto scams accounted for 86% of all investment fraud losses in the U.S., amounting to $3.94 billion.
2024-3-10 19:44 | |
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Crypto industry losses amounted to $67 million in February over 12 incidents, with hacks accounting for 97. 54% of funds stolen, according to Immunefi’s latest crypto losses report. Meanwhile, the remaining 2.
2024-3-3 01:00 | |
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Making losses on your crypto trading is never fun - but the upside is that crypto losses are tax deductible in many jurisdictions worldwide. In this article, accountants Alexander & Co explain how the process works in the UK.
2023-4-29 15:00 | |
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2022 saw billions of losses to DeFi and crypto exploits. Only 5.2% of the losses were recovered, according to a report by Immunefi. The post Crypto and DeFi Losses Hit $3.9 Billion in 2022, Says Report appeared first on BeInCrypto.
2023-1-6 23:46 | |
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For anyone who bought Bitcoin and other cryptocurrencies when their prices were high, there’s a silver lining around the gray state of crypto markets now. Any losses taken could place traders in a lower tax bracket.
2020-7-25 16:52 | |
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Coinspeaker How to Seize What Might Be Unprecedented Crypto Buying OpportunityAlthough it is true that most cryptocurrencies have experienced significant losses in recent weeks, similar losses have been seen on multiple occasions in the past, and the market has always bounced back stronger than before.
2020-3-20 16:01 | |
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Traders holding the heavily leveraged BULL tokens saw massive losses when Binance failed to update the token’s price for more than three hours. Dozens of traders called on Binance and...The post Market Crash Got You? At Least You’re Not Holding Leveraged Tokens appeared first on Crypto Briefing.
2020-3-19 06:43 | |
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OKEx has come a long way. From claims about fake trading volume to initiating socialized losses, it hasn’t always been an easy ride. Yet the young company’s slogan “it’s OK to be bold” forms its very ethos.
2020-3-19 20:00 | |
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The global markets were subjected to an unparalleled meltdown yesterday that proved to be particularly impactful to the crypto markets, with Bitcoin and many major altcoins posting their largest single-day losses ever.
2020-3-14 10:00 | |
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To prevent future crypto market crashes, the managing partner at Multicoin Capital, Tushar Jain, proposed a bold solution—creating an industry-wide alliance of circuit breakers. However, while having a stock market-like mechanism that halts trading might slightly delay losses when trading, many saw this as going against everything cryptocurrencies stand for and a move that would […] The post Is this the best way to prevent the next massive crypto flash crash? appeared first on CryptoSlate.
2020-3-14 22:52 | |
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Fear surrounding the lethal Coronavirus (COVID-19) has plagued the global markets, sending shockwaves across multiple asset classes that has led commodities, crypto, and equities to all post sizeable losses over the past several weeks.
2020-3-10 08:02 | |
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After the recent attack on IOTA?s Trinity Wallet, David Sonstebo says he will spend a significant portion of his crypto compensating the losses to the victims of the hack
2020-3-7 13:50 | |
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Following a steep downturn in the crypto market, Ethereum, XRP, and Litecoin appear to be regaining some of the losses incurred over the past month. Different technical indexes and on-chain...The post Ethereum, XRP, and Litecoin Seem Ready for Lift-Off appeared first on Crypto Briefing.
2020-3-7 03:40 | |
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It has been an incredibly turbulent past couple of weeks for the global markets, with the US stock market seeing intense losses while Bitcoin (BTC) and the aggregated crypto market continue facing some intense downwards pressure.
2020-3-5 00:00 | |
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Today has been a bloodbath for the crypto market, with Bitcoin’s recent rejection at $10,000 leading most major altcoins to reel lower, with many posting sizable losses of 10% or more. This intense selloff may be a prime buying opportunity for a select few altcoins that have seen incredibly bullish price action throughout 2020, with...
2020-2-27 04:00 | |
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Although many cryptocurrencies have experienced tremendous gains in the last several years, this meteoric growth hasn’t been without frequent periods of decline. During these times, long-term holders can either assume these losses will be transient or negligible in the long run or take measures to protect their portfolios and maximize their overall profitability.
2020-2-27 22:27 | |
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More than 80 percent of private traders make losses. Especially beginners find it difficult to classify risks correctly: they decide emotionally, overlook market trends and trade manually instead of leaving this work to automation software.
2020-2-27 16:39 | |
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Crypto markets have remained steady over the past day or so and there have been no further losses. Bitcoin has inched slowly higher indicating that the rally could resume. Total crypto market capitalization has made it back to $280 billion as $5 billion has flowed back in over the past few hours.
2020-2-21 10:00 | |
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Last week, the market began to overheat as greed took hold. Ethereum, XRP, and Litecoin saw losses in the subsequent sell-off. Indicators show further declines. Ether Prepares for Further Drop...The post Ethereum, XRP, and Litecoin Could See Further Decline appeared first on Crypto Briefing.
2020-2-18 01:25 | |
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There have been significant glitches on several Binance order books, with the lag causing many users to lose money on trades. Some of the biggest losses were seen on the...The post Binance Burns Traders after FC Barcelona’s Crypto Endorsement appeared first on Crypto Briefing.
2020-2-13 17:30 | |
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Losses in 2019 shot up by 160% despite hacking crimes dropping by 66%, this was according to a 2019 Q4 report by CipherTrace, a cryptocurrency intelligence firm. Amounting to $4. 5 million just in the previous year.
2020-2-13 00:09 | |
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Launched only a few months ago, an Italy-based crypto exchange Altsbit has been hacked and can’t afford to cover the losses, and will now have to shut down as a result. The Altsbit platform doesn’t offer any clear information about the exchange or company on their website or social media page, but made the announced […]
2020-2-10 22:16 | |
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Despite seeing a year of consistent losses and heavy selling pressure in 2019, the new year has been great for XRP so far, with the crypto posting massive gains alongside its competitor Stellar Lumens (XLM).
2020-2-8 02:00 | |
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Digital currency markets are in the green again today after seeing some moderate losses the day prior. The leading cryptocurrency in the top 10 is the fourth-largest blockchain by market cap, bitcoin cash, which is up 14% today.
2020-2-6 19:06 | |
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Bitcoin is down by more than 2. 5 percent this week and one analyst believes it is due to face additional losses. Prominent crypto trader Mac warned that the cryptocurrency could dump hard in the remainder of this week, stating that bitcoin futures linked to CME left a huge gap in the $8,500 range.
2020-2-5 13:56 | |
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It’s no secret that XRP has a track record of seeing incredibly poor performance over the past several days and weeks, with the embattled crypto posting fairly consistent losses throughout 2019 while struggling to match the massive gains seen by many other major altcoins in 2020.
2020-2-2 21:00 | |
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Bitcoin’s recent bout of sideways trading around the $8,600 region has resulted in a massive bear-favoring movement, with BTC now plummeting down towards the lower-$8,000 region. This movement has completely altered the sentiment amongst investors, with many analysts now claiming that the crypto will see significantly further losses as $9,200 begins to look increasingly like... The post appeared first on NewsBTC.
2020-1-24 22:00 | |
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It’s a new year, and this means that last year’s calendar and tax year have come to a close, and it’s time once again to start tallying up your crypto holdings, gains, and losses, to figure out exactly what you need to report to the IRS in order to comply legally with your obligation as... The post appeared first on NewsBTC.
2020-1-21 19:00 | |
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In 2018, the crypto market went through a long brutal bear winter. Last year, we managed to recover from some of those losses by seeing the gains of about 85%. After the choppy recovery of Bitcoin in 2019, the crypto market is now according to Weiss Crypto Ratings, an independent crypto ratings provider “launching what […]
2020-1-21 16:58 | |
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James Fabian, the chief plaintiff in the securities class action suit against the Nano crypto company, has asked a judge to strike against each point of dismissal that Nano supplied last fall. Nano Dismisses Claims in 10-Point List Fabian, who faced losses after the hack and closing of the BitGrail exchange, believes Nano did not have sufficient excuses to claim lack of responsibility for the loss of coins.
2020-1-16 19:00 | |
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Bitcoin, Ethereum, and the rest of the crypto market have been on quite the tear of the past week, with BTC rallying from $6,800 to $8,450 in a matter of a few days. But over the past 48 hours, the crypto market has stalled, with nearly all digital assets posting 8% losses from the local... The post appeared first on NewsBTC.
2020-1-10 12:30 | |
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There’s no doubt the crypto market has suffered a brutal beating in the last 48 hours. Bitcoin, Ethereum, XRP, and a majority of other leading cryptocurrencies have all posted approximately 8% losses since Tuesday’s peak, tumbling as buyers failed to maintain the relatively high prices seen in the uptrend.
2020-1-10 11:00 | |
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Ripple blockchain’s native token XRP registered one of its worst performances in 2019. And it is likely to extend its losses in 2020. The XRP-to-dollar exchange rate is down by circa 49 percent on a year-to-scale.
2020-1-1 01:00 | |
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IEO investors face up to potential near total losses, with most crypto tokens hemorrhaging value versus launch price
2019-12-23 18:06 | |
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Coinspeaker Ripple and MoneyGram Partnership, Adoption of Crypto, Will It Boost XRP Price?XRP contains losses above the support level of $0. 1760, although the upward movement is still limited.
2019-12-21 16:05 | |
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Bitcoin experienced a sharp and sudden drop earlier this morning that led the crypto as low as $6,400, and its reaction to this level has provided some much-needed validation for embattled bulls who feared that BTC would experience significantly further losses.
2019-12-19 00:00 | |
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Digital currency prices plummeted on Tuesday, as cryptocurrency markets lost billions during the morning trading sessions, New York time. BTC dropped well below the $7k range and other digital assets followed BTC’s path with sharp losses.
2019-12-18 17:21 | |
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Bitcoin continues to trade below the psychological $7,000 level, following Monday’s wide-spread crypto sell-off that caused the market to shed over $10 billion in value. All top 10 cryptocurrencies continued to trade at fresh monthly trading lows, though XRP was affected and continued to rack up losses under the $0.
2019-12-17 18:16 | |
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The total crypto market cap is declining and it is now trading below the $185. 0B support. Bitcoin price is down 3% and it recently broke the $7,000 support area. Binance coin (BNB) price dived more than 8% below $14.
2019-12-17 08:30 | |
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Another week, another round of Crypto Tidbits. Bitcoin saw an effectively flat week, gaining 0. 08% over the past seven days according to Coin360. com. Altcoins have posted similar results, or rather, a lack of results, with a majority of cryptocurrencies posting gains or losses of a percent or two.
2019-12-8 22:35 | |
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It has been a wild week for Bitcoin and the aggregated crypto market, and major altcoins like Ethereum (ETH) have been unable to avoid the massive volatility that has been brought about by Bitcoin’s relatively large price swings that it has faced over the past month.
2019-12-3 20:00 | |
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Throughout the year, hackers have been able to infiltrate multiple crypto exchanges across the world taking with them millions of dollars worth of digital assets. Despite the massive losses recorded, Bitcoin was able to shrug off the “FUD” and continue its uptrend.
2019-11-30 21:54 | |
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Hackers are getting bolder and smarter, which isn’t good news for the cryptocurrency community. On January 15th, Cryptopia shut down as they found a “security breach,” causing them to experience massive losses.
2019-11-28 20:18 | |
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Dash has a bearish short-term and medium-term trading bias The four-hour time frame shows that a bullish inverted head and shoulders pattern has been invalidated The daily time frame shows that a bearish head and shoulders pattern has been triggered Dash remains under heavy downside pressure as the coin fell to levels not seen since […] The post Dash Price Analysis: Accumulating Losses appeared first on Crypto Briefing.
2019-11-27 20:14 | |
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South Korean crypto exchange UpBit has confirmed that 342,000 ETH was sent to an unknown wallet and customer losses will be compensated
2019-11-27 12:26 | |
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Bitcoin and the aggregated crypto markets have been facing increasing bearishness over the past several days and weeks, with many major altcoins posting massive losses as BTC remains stuck below the key resistance levels that will determine whether or not its market structure is bullish.
2019-11-27 02:00 | |
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The cryptocurrency market is bouncing back on Tuesday as Bitcoin and a number of leading altcoins reversed the heavy trading losses incurred early on Monday. Bitcoin is holding firm above $7,000 level as buyers attempt to stabilize the cryptocurrency above the October monthly trading low, located around the $7,300 level.
2019-11-27 17:32 | |
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There are a number of sound investment strategies a crypto investor may choose to gain exposure to Bitcoin and other cryptocurrencies, depending on important factors such as risk appetite or income level.
2019-11-26 22:00 | |
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Another week, another round of Crypto Tidbits. Bitcoin and other cryptocurrencies haven’t had the best of weeks. On Friday, BTC fell as low as $6,800, marking a 19% decline on the week. Altcoins posted similar losses, crushed under the pressure of a plunging Bitcoin.
2019-11-24 00:00 | |
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The Internal Revenue Service has simplified the reporting requirements in the latest iteration of Form 1099-DA, which crypto brokers and taxpayers will use to report digital asset transactions. According to the Aug.
South Korean authorities are considering postponing the controversial 20% crypto tax after the local crypto community raised concerns. Initially set to begin in 2021, South Korea‘s 20% crypto gains tax might now be delayed until 2028 amid fears that the…
South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying…
A Florida lawmaker has introduced a bill that would greenlight Bitcoin as a payment method for U.S. taxes.
Can you take advantage of tax loopholes to avoid paying taxes on your digital currency exchanges? See three of the most common ones and why they don't work. The post 3 Common Cryptocurrency Tax “Loopholes” and Why They Don’t Work appeared first on CoinCentral.
The IRS published a draft version of its 1099-DA reporting form and controversially included unhosted crypto wallets among its targets on April 19. Ji Kim, Chief Legal and Policy officer at the Crypto Council for Innovation, wrote that the IRS’ approach is “unfortunate” as it does not recognize that unhosted wallet providers lack knowledge about […] The post IRS draft tax form for crypto defines unhosted wallets as brokers appeared first on CryptoSlate.
IRS criminal investigation chief Guy Ficco told CNBC on April 12 that taxpayers are increasingly committing tax crimes involving crypto. Ficco said the IRS has seen an increase in “pure crypto tax crimes” that fall under Title 26 of the US Code, which includes federal income tax violations.