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Outdated Tax Form Costs Crypto Traders Thousands | Crypto Briefing

December 5, 20205 months ago CoinCap 0 Comments Audit, Bitcoin, Cardano, Chainlink, Crypto, Cryptocurrency, DeFi, Education, IRS, Lend, Taxes, Tezos, Tron, VEChain

Key Takeaways

The leading U.S. tax regulator informed crypto traders about misreporting of taxes for year 2018.
For many, this has led to cumbersome tax audits or hundreds of thousands of dollars in taxes.
The discrepancy is caused by 1099-K Form used by crypto exchanges.

← Bitcoin traders nervous after $19.5K rejection — Here are the bear, bull scenarios
DeFi Hits 1 Million Users, Ethereum Usage Surging | Crypto Briefing →

Supply Chain Solution SUKU Launches DeFi Protocol for “Unbanked” | Crypto Briefing

January 22, 20214 months ago CoinCap 0

Key Takeaways

Blockchain-based supply chain solution SUKU is launching a DeFi protocol.
SUKU DeFi will give suppliers access to decentralized finance services.
Microlending and other services will be available through the protocol.

Lane Generational: Bitcoin Is a ‘Real, Investable’ Asset – BeInCrypto

December 12, 20205 months ago CoinCap 0

Lane Generational CEO explains that he’s moving his clients into Bitcoin. The investor said irrational exuberance over the vaccine was unwarranted.

Bullish crypto events of 2020 that will drive historic adoption

January 8, 20214 months ago CoinCap 0

The year gone by had many ups and even more downs, mainly due to the global outbreak of a devastating virus that has crippled nations and killed millions. But for those in the crypto and blockchain community, 2020 finally showcased the true potential of the technology.