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Bitcoin jumps 9% to flirt with all-time highs; what's driving this crypto market rally?

Crypto.com Arena only accepts and scans tickets off a mobile device if they are within an approved AXS, Venue or Team Application. Screenshots or a printed copy of a mobile QR code will not be accepted. For more information please visit our AXS Mobile ID FAQ page or contact the box office at [email protected]. Recent bitcoin news Cryptocurrencies represent an internet-based medium of exchange that takes advantage of cryptographical functions in order to conduct financial transactions. They leverage blockchain technology to achieve decentralization, immutability, and transparency.

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Bitcoin’s market cap reached above $600 million in July 2023, a level it has not seen since June 2022 Is cryptocurrency safe? What’s up, everyone? Today, we’re delving into a topic that sits at the heart of fund management success: What is Alpha in Fund Management? For those looking to get ahead in the investment game, make sure to check out the Fund Launch Blog for information on investment funds, performance metrics, and more! Decoding Alpha In … More What is Alpha in Fund Management?

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Although cryptocurrencies are considered a form of money, the Internal Revenue Service (IRS) treats them as financial assets or property for tax purposes. And, as with most other investments, if you reap capital gains selling or trading cryptocurrencies, the government wants a piece of the profits. How exactly the IRS taxes digital assets—either as capital gains or ordinary income—depends on how long the taxpayer held the cryptocurrency and how they used it. Service Navigation Among the main elements: do not make crypto assets legal tender or official currencies. Clarify and consistently apply laws, standards, and regulations including for anti-money laundering and financing terrorism. Establish clear tax rules. Provide a solid legal foundation with a clear classification of crypto assets. And coordinate policies globally to avoid regulatory arbitrage, since crypto asset providers can relocate at the click of a button.

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You can use cryptocurrency tax software like CoinLedger to automatically calculate the fair market value for all of your mined/staked cryptocurrency based on the date and time they were received. Just connect your wallet and let the software do the work! Recommended for you: Once registered, you can:
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