Crypto tax calculator CoinTracker valued at $1.3B following $100M raise
Crypto tax reporting was a contentious topic in the U.S. last year as Congress passed the Infrastructure Investment and Jobs Act. Cryptocurrency portfolio tracker and tax calculator CoinTracker has attained “unicorn” status after raising $100 million in Series A financing, demonstrating once again that investors are allocating vast sums of capital toward crypto-focused companies. The Series A investment round was led by California-based venture capital firm Accel, with additional participation from General Catalyst, Initialized Capital, Y Combinator Continuity, 776 Ventures, Coinbase....
Related News
Venture funds flush with cash are pouring millions of dollars into blockchain startups. And you’re worried about short-term price action? Is Bitcoin (BTC) in a bull market or a bear market? Has the current market cycle already peaked or can we expect another leg higher? Venture capital funds don’t seem to care either way. They’re too busy building equity in promising blockchain plays. This week’s Crypto Biz newsletter features two major funding rounds from the world of blockchain, as well as Jack Dorsey’s scathing critique of Mark Zuckerberg’s metaverse plans. We also highlight a company....
Cryptocurrency portfolio tracking platform CoinTracker raises $100 million in funding. The firm recently made this news to the public on 27th January. Investments derived by tech-tycoons and institutional investors have put the firm’s net worth to $1.3 billion. Crypto-oriented businesses have been gaining significant traction even in the bear market. This shows that investors are […]
Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before. With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler.According to CoinTracker, it's an easy way for Coinbase users to report their crypto transactions and sales. Targeted at U.S. users, CoinTracker will calculate and fill out the specific forms — for example, Form 8949 and Schedule D — to declare....
In case you've been out of the loop, the Winklevoss twins recently launched their own bitcoin price index called the Winkdex, blending data from a number of exchanges. It's primary use is to value the twins' planning bitcoin ETF, but that doesn't mean it can't be helpful to you and me. The next time you're looking to convert the value of U. S. dollars to bitcoin and vice-versa, remember that the Winklevoss twins have you covered. That's because the Winkdex now features a nifty little bitcoin-to-USD calculator. Found here, what's most useful about this calculator is that you can select a....
OpenSea also announced expanded support with Polygon, and noted that “Buyers no longer have to pay blockchain fees when making trades on OpenSea.” OpenSea has become the latest crypto unicorn after it announced a $100 million Series B funding round led by venture capital firm Andreessen Horowitz at a valuation of $1.5 billion. The unicorn status is attributed to firms that are valued at over $1 billion, and OpenSea now joins a long list of crypto unicorns such as Coinbase, Animoca Brands and Chainalysis to name a few.We're expanding! Announcing our $100M raise and $1.5B valuation, led....