2024 – Bitcounts

18 Jul 24

Navigating US Taxes on International Crypto Transactions

The world of cryptocurrencies thrives on being borderless, but tax laws? Not quite. For US citizens and residents who enjoy the global reach of crypto, understanding your tax obligations can feel like navigating a financial jungle. Fear not, intrepid digital explorers! This blog will equip you with the knowledge to…

18 Jul 24

How to Report Cryptocurrency on Your Taxes: A Step-by-Step Guide

As cryptocurrency continues to gain popularity, understanding how to properly report your crypto transactions on your tax return is crucial. The IRS treats cryptocurrency as property, meaning that general tax principles apply to property transactions. This can make tax reporting for crypto investments complex. In this blog, we’ll provide step-by-step…

16 Jul 24

Crypto Tax Strategies for Minimizing Your Tax Liability

Crypto Tax Strategies for Minimizing Your Tax Liability Cryptocurrency has emerged as a popular investment option, offering significant potential for profit. However, with these gains come tax obligations that can impact your overall returns. Fortunately, there are several strategies you can use to legally minimize your tax liability on crypto…

16 Jul 24

Common Mistakes to Avoid When Filing Crypto Taxes in the USA

Common Mistakes to Avoid When Filing Crypto Taxes in the USA As cryptocurrency becomes increasingly mainstream, more investors are facing the challenge of accurately reporting their crypto transactions on their tax returns. The IRS treats cryptocurrency as property, which means that all transactions must be reported and are subject to…

05 Jul 24

German and US Governments Move $150M in Crypto: Analyzing the Strategic Transfers

The crypto world is abuzz as both the German and U.S. governments have made substantial moves with their cryptocurrency holdings. These transactions, involving millions of dollars worth of Bitcoin and Ethereum, have drawn significant attention from market analysts and the broader crypto community. Key Highlights of the Transfers German Government…

29 Jun 24

IRS Reveals Final Regulations for Crypto Broker Rules: Key Updates and Industry Reactions

The United States Internal Revenue Service (IRS) has unveiled its final draft of new crypto broker reporting requirements, marking a significant shift in the regulatory framework for digital assets. This announcement has been met with a mix of relief and concern from various industry participants. Here’s a detailed look at…

28 Jun 24

Bolivia Lifts Ban on Bitcoin: Embraces Crypto Transactions via Banks

In a landmark move, Bolivia’s central bank, Banco Central de Bolivia, has lifted its ban on Bitcoin and cryptocurrency payments. This significant policy change marks the end of a ban that has been in place since 2014, allowing financial entities to conduct transactions with digital assets. This shift is part…

27 Jun 24

Coinbase Sues SEC and FDIC Over Alleged FOIA Request Delays: A Fight for Transparency in Crypto Regulation?

Coinbase is in the legal spotlight again! This time, the crypto exchange is taking aim at the U.S. Securities and Exchange Commission (SEC) and the Federal Deposit Insurance Corporation (FDIC) through lawsuits filed on June 27th. The Allegation: Stalling on Transparency The lawsuits allege that both the SEC and FDIC…

26 Jun 24

Banks Embrace Crypto, Mastercard Leads the Charge, But is it Enough?

The financial world is a whirlwind these days. Banks are juggling lawsuits, integrating crypto into their systems, and facing public scrutiny after past failures. But there’s a glimmer of hope! A strong jobs report boosted investor confidence, and things might be looking up for the banking industry. Investors Breathe Easier…

25 Jun 24

Japanese Institutional Investors Dip Their Toes into Crypto: A Nomura Survey Reveals Growing Interest

The winds of change are blowing in the Land of the Rising Sun, and it’s bringing a positive breeze for the cryptocurrency market. A recent survey conducted by Nomura Holdings and its digital asset subsidiary, Laser Digital, has revealed that a significant portion of Japanese institutional investors are warming up…

Year: 2024

Navigating US Taxes on International Crypto Transactions

How to Report Cryptocurrency on Your Taxes: A Step-by-Step Guide

Crypto Tax Strategies for Minimizing Your Tax Liability

Common Mistakes to Avoid When Filing Crypto Taxes in the USA

German and US Governments Move $150M in Crypto: Analyzing the Strategic Transfers

IRS Reveals Final Regulations for Crypto Broker Rules: Key Updates and Industry Reactions

Bolivia Lifts Ban on Bitcoin: Embraces Crypto Transactions via Banks

Coinbase Sues SEC and FDIC Over Alleged FOIA Request Delays: A Fight for Transparency in Crypto Regulation?

Banks Embrace Crypto, Mastercard Leads the Charge, But is it Enough?

Japanese Institutional Investors Dip Their Toes into Crypto: A Nomura Survey Reveals Growing Interest

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