Even if you suffered losses on your crypto investments this year, there’s still some good news. The IRS allows investors to claim deductions on cryptocurrency losses that can lessen tax liabilities or even result in a tax refund. There are also investment strategies you can use throughout the year to maximize your losses and get the most out of your crypto investments. Offset … [Read more...] about How Crypto Losses Could Result in Tax Benefits
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BitMart CEO admits $196 million hack was the result of leaked private keys
BitMart CEO Sheldon Xia admits Sunday’s hack resulted from stolen private keys. Xia said the stolen funds came from two compromised hot wallets but sought to reassure users all other operations are “safe and unharmed.” “In response to this incident, BitMart has completed initial security checks and identified affected assets. This security breach was mainly caused by a stolen … [Read more...] about BitMart CEO admits $196 million hack was the result of leaked private keys
Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon
Five to six-figure-size airdrops have become the new norm in the crypto sector and a growing number of analysts believe there are more to come. In September dYdX distributed a massive airdrop to early users and last week the Ethereum Name Service gave out roughly $17,000 to $30,000 in ENS tokens to platform users. Anticipation of additional "helicopter money" has also led to a … [Read more...] about Airdrop rumors result in a swarm of activity on MetaMask Swap and Polygon
Breakneck speed of crypto adoption could result in whiplash, warns wallet exec
Cryptocurrency adoption on a United Kingdom-based payment app is booming in the first quarter of 2021, but whether that trend continues could depend on the actions of Bitcoin (BTC) evangelists like Elon Musk, warns STICPAY director James Bay.The mobile payments app reported a 48% increase in crypto deposits in the first quarter of the year, while fiat deposits remained static. … [Read more...] about Breakneck speed of crypto adoption could result in whiplash, warns wallet exec