Cointelli Makes It Easy to Report Coinbase, Binance, and Kraken Transactions ...
Many crypto exchanges send tax forms to the IRS, each with their own list of supported tokens and info that doesn’t necessarily match up. This can create a lot of confusion for U.S. taxpayers. Luckily, Cointelli can swiftly and reliably create a unified tax report with the push of a button. And if there are any inter-platform inconsistencies, Cointelli has a powerful error correction feature that lets users easily edit data. Cointelli’s algorithms make it easy to compile all of the data from Coinbase, Binance, Kraken, and many others into one tax report. And all....
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The 2022 U.S. tax season is upon us and cryptocurrency traders need all the help they can get. Here are five common crypto tax misconceptions you should look out for, courtesy of crypto tax software provider, Cointelli.
“You don’t have to pay taxes on crypto”
One very common mistake that people make is thinking they don’t have to pay tax on cryptocurrency transactions. However, crypto transactions are taxable, and the IRS is very capable of coming after you and your assets if you don’t comply. The IRS refers to cryptocurrency as virtual....
The popular cryptocurrency exchange Coinbase has addressed the request from Ukrainian officials to freeze the accounts of all Russian users. A Coinbase spokesperson noted that the digital currency platform would not “institute a blanket ban” against ordinary Russian users.
Coinbase, Coinberry, and Kucoin Follow Binance’s and Kraken’s Decision to Refuse ‘Sabotaging Ordinary Russian Users’
On Tuesday, reports indicate that the Russian invasion has escalated after peace talks at the border between Ukrainian and Russian officials failed. A....
In the five days after launching on Coinbase, new token listings gain 91% on average. But that doesn’t tell the whole story. Crypto analytics provider Messari has compiled a report concluding that the fabled “Coinbase effect” — the popular belief that new token listings on Coinbase tend to outperform launches on other exchanges — is true.But the effect is far from consistent, and after controlling for outliers, it’s not as great as many assume.Messari analyzed the performance of 28 new Coinbase listings over five days against 22 Binance listings, 19 FTX listings, 19 Gemini listings, 14....
Kraken’s mobile crypto trading app is now available across the United States, except for New York and Washington. Major global cryptocurrency exchange Kraken has launched a mobile crypto trading application in a new move to boost industry adoption in the United States.The company announced Wednesday that its new app is now available for most of the United States as well as other countries around the world for both iOS and Android users.The app allows users to trade more than 50 cryptocurrencies like Bitcoin (BTC) and Ether (ETH) via smartphones. The move follows a rollout of the Kraken....
Coinbase will now allow users to buy cryptocurrency with their PayPal accounts. This move, which was announced on Thursday, is a major signal of crypto’s increasing mainstream acceptance. It’s also a major expansion in Coinbase’s funding rails. Buying Crypto Should Be Easy “Buying crypto should be simple and easy,” Coinbase said in a blog post […]