Portfolio in the red? How tax-loss harvesting can help stem the pain
“If you've made a sale during the tax year, and you've sold at a loss, there's basically a benefit there,” says Koinly’s head of tax. Crypto investors — particularly those that bought in toward the top of the market in 2021 — may be able to find some salvation through a tax-saving strategy called “loss harvesting” according to Koinly’s head of tax. Koinly is one of the most widely-used crypto tax accounting firms online. Head of tax Danny Talwar told Cointelegraph that while most retail investors are aware of their obligation to pay capital gain taxes (CGT) when they make profits, many are....
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Today the New York Stem Cell Foundation (NYSCF) announced that it was starting to accept bitcoin gifts through BitPay. The New York Stem Cell Foundation (NYSCF) is an independent organization founded in 2005 to accelerate cures and better treatments for patients through stem cell research. NYSCF employs over 45 researchers at the NYSCF Research Institute, located in New York, and is an acknowledged world leader in stem cell research and in developing pioneering stem cell technologies, including the NYSCF Global Stem Cell ArrayTM. NYSCF Co-Founder and CEO Susan L. Solomon commented:....
Thailand's cabinet approved tax relief for bitcoin and cryptocurrency investors giving a value-added-tax and loss-harvesting tools to offset taxes.
The software used by Stem, which is based on blockchain technology, lets creators aggregate data from a lot of different distribution platforms. Monetizing content on the Internet is not an easy task these days, but there are solutions under development as we speak. Stem, a startup using the blockchain to help content creators collect and share revenue, recently announced a US$4.5m funding round. One of the hardest things to do as a content creator is earning money and keeping track of where all funds are coming from. Thanks to a wide variety of platforms in existence to try and make a....
Stem a new startup tapping the power of blockchain technology and cryptocurrency is creating an application that aims to provide content creators a “fair share of earnings and information in a clear and timely manner.” The company has just raised $4.5 million USD in funding led by investment firms such as Upfront Ventures, and well-known music industry....
It may be a case of "so near yet so far" when it comes to June's multi-year low being the next BTC price floor, warns Willy Woo. Bitcoin's (BTC) market behavior is not yet “synonymous” with previous bear market bottoms, one of the leading crypto analysts argues.In a Twitter thread on Sept. 14, statistician Willy Woo, creator of data resource Woobull, offered three examples of why BTC/USD should still have further to fall.Despite many calling a new macro price bottom during June’s trip to $17,600, not everyone is confident that Bitcoin will avoid a retest.For Woo, there is still reason to....