U.S. Crypto Tax Guide for 2023

On June 5, 2023, Apple Inc. unveiled its newest and riskiest product since the iPhone: the Vision Pro AR headset, marking the tech giant's entry into the burgeoning metaverse market​. With a starting price of $3,499, the Vision Pro is set to be a premium contender in the augmented reality landscape, a market currently dominated by Meta (formerly Facebook)​​. The Vision Pro is an augmented reality (AR) headset offering a unique experience. Unlike most products in Apple's lineup, the Vision…

As we delve into the cryptocurrency world in June 2023, the landscape is vast, diverse, and rapidly evolving. Let's explore the top 10 trending cryptocurrencies making waves in the market this month. Bitcoin (BTC): With a market cap of $498 billion, Bitcoin continues to dominate the cryptocurrency market as the original cryptocurrency. Launched in 2009 by Satoshi Nakamoto, it operates on a secure blockchain and has seen a meteoric rise in value since its inception. Ethereum (ETH): Ethereum, a cryptocurrency…

The last decade has seen an unprecedented surge in technological innovation, with two fields leading the charge: Artificial Intelligence (AI) and blockchain. Individually, they have the power to revolutionize industries; but when combined, they open up new possibilities poised to redefine the future. Artificial Intelligence is a branch of computer science that involves creating machines capable of mimicking human intelligence. Through machine learning and neural networks, AI can analyze data, learn from it, make decisions, and improve its performance over…

As the world grapples with the effects of the 21st century's digital revolution, cryptocurrency stands out as one of the most significant breakthroughs. Born from the innovative application of blockchain technology, cryptocurrencies have brought on a new age of decentralization and transparency, redefining the global financial landscape. Trends Shaping the Future of Cryptocurrency Decentralized Finance (DeFi): DeFi aims to recreate traditional financial systems like loans and interest in a decentralized manner, eliminating the need for intermediaries such as banks. Cryptocurrencies…

As cryptocurrency evolves, trading has become increasingly automated, with many traders now relying on artificial intelligence (AI) and machine learning (ML) to maximize their profits. These AI-powered crypto trading bots are automated software designed to analyze market data, execute trades, and optimize profits on behalf of traders. Here are some of the top AI crypto trading bots of 2023: Dash 2 Trade As the overall best AI crypto trading bot for 2023, Dash 2 Trade boasts advanced intelligence and analytics…

If you've arrived late to the cryptocurrency party, don't worry. It's always possible to start. Here's a primer to get you up to speed with crypto. Understanding Cryptocurrency Cryptocurrency is a form of digital or virtual currency that uses cryptography for security. Unlike traditional money, cryptocurrencies are decentralized and often operate on blockchain technology, a distributed ledger enforced by a network of computers known as nodes. The first and most well-known cryptocurrency is Bitcoin, but there are now thousands, including…

The world of cryptocurrency is constantly changing, with innovations and new uses for digital currencies springing up every day. This innovation has left governments, including the U.S., scrambling to catch up. For example, as of 2023, the Internal Revenue Service (IRS) considers cryptocurrency property for tax purposes. This means the tax laws that apply to property transactions, like selling or exchanging property, also apply to cryptocurrencies. Cryptocurrency Basics Cryptocurrencies such as Bitcoin, Ethereum, and others are digital or virtual currencies…

As the cryptocurrency market continues to evolve, it offers exciting opportunities for investors and traders alike. The market's volatility might seem intimidating for beginners, but if equipped with the right strategies, one can navigate the crypto space effectively. Here are some beginner-friendly crypto trading strategies that could help you embark on your trading journey. 1. Dollar-Cost Averaging (DCA) Dollar-cost averaging (DCA) is a strategy where you invest a fixed amount of money in a particular cryptocurrency regularly, irrespective of its…

Before we dive into utility NFTs, let's briefly recap what NFTs are. NFTs, or Non-Fungible Tokens, are a type of digital asset created using blockchain technology. They're "non-fungible" because they are unique and can't be replaced with something else. This contrasts with fungible cryptocurrencies like Bitcoin or Ethereum, which can be exchanged like-for-like. NFTs can represent ownership or proof of authenticity for a wide range of tangible and intangible items, including artwork, collectibles, music, games, and more. What Are Utility…