Guide

Coinbase processed over $547 billion in crypto trading volume, with approximately 73 million verified users worldwide.  As one of the largest cryptocurrency exchanges, Coinbase operates under specific IRS reporting requirements that affect U.S. taxpayers.  Understanding exactly what Coinbase reports to the IRS—and what it doesn’t—is crucial for compliant tax filing.  With penalties for crypto tax […]

The cryptocurrency industry has seen explosive growth over the last decade — but along with innovation came some of the Biggest Crypto Scams in financial history.  Between Ponzi schemes, rug pulls, and fraudulent exchanges, investors have lost over $60 billion globally to crypto scams.  From the $8 billion FTX collapse in 2022 to the $4.4

“I lost everything.” These three devastating words echo across online forums as another victim falls prey to cryptocurrency fraud.  With losses exceeding $1 billion in crypto scams during just the first three quarters of 2024, the digital gold rush has created a perfect hunting ground for sophisticated predators.  The technical complexity of blockchain, combined with

Cryptocurrency losses can indeed be tax deductible, potentially saving you thousands of dollars.  In 2023, Americans who claimed crypto capital losses saved an average of $3,000 on their tax returns. The IRS allows you to deduct certain crypto losses, but specific rules apply.  In this article, I cover the types of deductible crypto losses, how

The dark side of crypto innovation hides in plain sight, and crypto scam trackers reveal an alarming truth: fraudsters now deploy AI-powered cons, rug-pull algorithms, and deepfake “advisors” to exploit even savvy investors.  These digital predators evolve faster than security measures, turning blockchain’s transparency against users with military-grade precision. A crypto scam tracker is no

Cryptocurrencies emerged with promises of decentralization and anonymity that traditional financial systems couldn’t match. Bitcoin introduced a revolutionary concept: transactions without intermediaries, offering users privacy. But is crypto truly untraceable? This perception of anonymity has attracted diverse users, from privacy enthusiasts to those with illicit intentions. As cryptocurrency adoption grows, understanding the actual privacy level

Looking to understand cryptocurrencies and blockchain technology but are overwhelmed by the flood of information online? The right books can provide structured, comprehensive knowledge from genuine experts in the field.  Whether you’re a beginner curious about Bitcoin basics or an investor seeking to understand crypto assets as an investment class, this curated selection covers the

The crypto tax in Canada is straightforward yet strict; 50% of capital gains and 100% of business income from crypto are taxable.  The CRA requires record-keeping for 6 years, with penalties reaching 50% for gross negligence.  Compliance is essential with over 3 million Canadians owning cryptocurrency and the CRA having audited 20,000+ crypto-related accounts since

I have seen the question, “How to Avoid Capital Gains Tax on Cryptocurrency?” circulation on various forums, and this blog is my answer based on my experience. Cryptocurrency investors in the US face capital gains tax rates of up to 37% on short-term profits, which could consume over one-third of their investment returns.  According to

Cryptocurrency tax in Australia is regulated by the Australian Taxation Office (ATO), which considers crypto assets as property subject to Capital Gains Tax (CGT).  Unlike traditional currency, cryptocurrency transactions require detailed reporting for tax purposes, with profits added to your assessable income.  The ATO has been increasingly vigilant in monitoring crypto activities since 2014, implementing