NFTs had a giant year in 2021. According to a report from nonfungible.com, the NFT Market hit $17.6 Billion dollars in trading volume for 2021, a 21,000% increase from 2020s $82 million. Although $17.6 billion is a large number, some other reports estimate that the total trading volume is far higher. Chainalysis, a blockchain analysis firm, estimated that […]
After a huge year in 2021 NFTs are slowing down Read More »
We are now entering the infamous and nationally dreaded time of the year, known as tax season. With crypto being such a new asset, there may be some confusion or uncertainty around it as it pertains to taxes. Here’s a brief breakdown to help you navigate reporting any gains/losses you may have from crypto when
Crypto Taxes in the United States (as of march 2022) Read More »
The SEC has just recently approved the BSTX as the newest national securities exchange. The joint venture between tZERO Group, Inc., and BOX Digital Markets LLC, is to be the first-ever SEC Regulated, fully automated securities exchange that leverages blockchain technologies. But What even is the benefit of this new exchange? Here is the breakdown of this new exchange,
BSTX the first-ever blockchain-based securities exchange Read More »
A Nashville couple Filed a complaint in may of 2021 against the U.S. Government regarding a tax bill they had received from the IRS. The complaint issued by the Jarrett family stated that the 8,876 Tezos (XTZ) tokens they had accumulated through staking should not be classified as income. Recently there has been a further update on this case,
Confusion regarding taxes on staking rewards Read More »
The Term NFT to most people is a very fugazi term as are many things related to “the blockchain”. Many people often think of an NFT as a jpeg file that’s just hosted on a blockchain which generally raises the question “how are these valuable?” This definition of NFT is a major misconception, and some
