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Showing results for tags 'cryptocurrency'.
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So far it appears Turbo Tax will first want me to connect Binance.us to Coinledger ($100+ and 4,000 trans limit) and then also to Turbo Tax ($100) just to get the info calculated and reported correctly. Not sure if Tax Act will connect directly with Binance.us and calculate the capital gains correctly yet. If I were you, to avoid this major end of year tax headache, avoid trading until they start sending out consolidated 1099 reports like Robinhood and M1 Finance do. Robinhood really simplifies this trade reporting headache for the average dude.
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- cryptocurrency
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According to data from CB Insights, in the first quarter of this year, 129 startups focusing on blockchain digital technology around the world raised a total of approximately US$2.6 billion, surpassing the entire year of 2020. In 2020, startups in this field had raised $2.3 billion in 341 venture capital investments. This growth was driven by several rounds of large-scale financing of startups, including crypto lender BlockFi, game developer Dapper Labs, and crypto wallet provider Blockchain
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It is interesting to see so many different people around the world from different nations going in on this.
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- inside the crypto-kingdom
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Bitcoin was developed to replace the current banking system which has failed most of humankind. Its growth is almost exponential and it will soon threaten the US dollar and gold as the International Reserve currency of choice. How much longer until the prophecy at Ezekiel 7 is fulfilled where it says: 19 They shall cast their silver in the streets, and their gold shall be removed: their silver and their gold shall not be able to deliver them in the day of the wrath of the Lord: they shall not satisfy their souls, neither fill their bowels: because it is the stumbling block of their iniquity. Another version says: “They will throw their silver into the streets, and their gold will become abhorrent to them...." Some might ponder whether the rising growth of Bitcoin can be seen as a barometer for the proximity of Armageddon?
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Estonia is planning to launch the Estcoin in a bid to become a global ICO hub, VentureBeat reports. If it achieves this goal, Estonia would be the first nation to launch a cryptocurrency. Kaspar Korjus, managing director of Estonia’s e-residency program, which allows individuals to obtain Estonian citizenship without living in the country, detailed the proposal for the e-tokens in a blog post on Monday. “By not embracing crypto, governments are failing to unlock a powerful driver of economic growth and risk losing relevance entirely,” Korjus wrote in the post.