Crypto.com Launches Tool to Simplify Crypto Taxes
Crypto.com has launched a free service it says reduces the complexity of filing cryptocurrency tax returns.
- In a blog post Wednesday, the Hong Kong-headquartered exchange said its new tool provides “an estimation of taxable gains/losses on relevant crypto transactions,” which can be downloaded for tax filing.
- Users can import transaction records from supported exchanges and wallets via CSV files or using API synchronization where supported.
- Initially, the service is only available in Canada but will later be rolled out to other jurisdictions.
- When that happens, the tool will use country-specific tax calculation formulas.
- “We worked with professional tax advisers to ensure that the calculation logic is consistent with available guidance and laws for filing crypto taxes in Canada,” said Crypto.com.
Recommended News
-
A new track is taking shape Who can be the leader in password authentication
Two days ago, the breakdown of the Bill and Melinda Gates’ marital relationship and the impending division of their assets over a whopping $130 billion received a great deal of attention in the country. Bill Gates has publicly sung the praises of Bitcoin and his comments have been quoted and reposted by the insider media on numerous occasions, so the divorce news has created an equally big storm among the blockchain community. However, I am more concerned with issues that are of practical relevance to us than the news of…
-
DeFiMEX first global DEFI options contract exchange
DeFiMEX is building a new DEFI options contract exchange with an innovative DEFI straddle arbitrage mechanism. The system currently supports trading of options contracts in the mainstream DEFI currencies. DeFiMEX will step into the new wind of the blockchain era, focusing on the new DEFI financial track with a top technical team, UNI Foundation participation and global operations. DeFiMEX will step into the new wind of blockchain era, focusing on the layout of DEFI new financial track, top technical team, UNI Foundation participation, global operation. The DeFi options contract is…
-
Tesla Just Helped Patch a Bug in This Open Source Bitcoin Payment Processor
Tesla just contributed to Bitcoin open source software. The car maker disclosed a bug in the open-source Bitcoin payment processor and wallet BTCPay Server, and it also helped the project’s team patch the flaw. The electric vehicle and renewables company informed BTCPay’s team of the bug after reviewing the project’s GitHub last week. It affects users who boot BTCPay from “Docker Deployment, have a configured email server and enabled registration for users in Server Settings > Policies,” according to a post on BTCPay’s GitHub that included a software patch. “The security team…
-
Fintoch: Alleviating DeFi Onboarding Barriers for TradFi
We are no doubt weathering the harshest “winter” in crypto, with CoinGecko reporting a 74.6% DeFi market crash to $36 billion in Q2, 2022. What’s worse is that DeFi related hack is exacerbating this downfall. As REKT Database shown, DeFi related exploits surged significantly in May. Despite the low morale in the crypto market, true believers continue to build in the bear market and TradFi investors are still eager to get a taste of the “hearsay” high yielding DeFi protocols. Fintoch Investment platform, the key product of Morgan DF Fintoch LLC, enters the…
-
Since ONP launched the liquidity mining policy on January 21, 2021,
Since ONP launched the liquidity mining policy on January 21, 2021, the 48-hour-accumulated liquidity-pool pledge volume has exceeded USD 1,000,000. According to the latest news, the entire aggregated decentralized oracle network – ONP (Oracle Network Protocol) has kicked off the liquidity mining policy upon Uniswap Exchange on January 21, 2021. And the total 48-hour accumulated liquidity pool has been more than USD 1,000,000. ONP (OracleNetworkProtocol) is an aggregated decentralized oracle network based on the theories of Chainlink and Bandprotocol, which can realize safe, smooth and high-efficiency information-data interconnections between block-chain and the reality, as well…
-
FFIL will help Filecoin grow in distributed storage in the multi-chain era
Up to now, the blockchain industry has formed a new technological revolution, in which the concept of distributed ledger has been comprehensively upgraded and optimized, and distributed digital storage has begun to be applied. Filecoin’s mission is to create a distributed, efficient, and powerful infrastructure for social information storage. We believe that humanity’s most valuable resource is information, and Filecoin is passionate about storing and protecting this valuable resource with efficient pricing, distribution, and protection. The launch of IPFS network also started the wave of distributed storage, in which FIL,…
-
Secure and encrypted decentralized chat software
Communication and interaction with people, and the construction of relationship with people. Communication interaction is communication, relationship construction is making friends, that is, people’s social needs are communication and making friends. Where there are people, there is social networking. According to statistics, there are 4.54 billion people in the world who can connect to the Internet. The coverage rate is 60%, and the number of people using social media reaches 3.8 billion, nearly half of the world’s population (calculated according to the total global population of 7.7 billion). In…
-
Amazon Considers $100M Investment in India’s Apollo Pharmacy Chain
Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key locations. After the successful launch of Amazon Pharmacy Services last month, Amazon.com Inc (NASDAQ: AMZN) is reported to eye India’s Apollo Pharmacy for a whopping $100 million. Notably, Apollo Pharmacy is reported to be India’s first and largest branded pharmacy network that has over 3000 plus outlets in key Locations. Additionally, it is part of Apollo Hospitals – Asia’s largest healthcare group. Hereby making Amazon possible investment a strategic entry that could…
-
The most anticipated chain game at the end of 2021–islandswap
If 2020 is the first year of DeFi’s explosion, then 2021 is undoubtedly the first year of GameFi’s explosion. Axie has become a phenomenon product whose monthly income has surpassed that of Honor of Kings, depicting a broad prospect of chain games for the public. The fitting concept “metaverse”, as well as the upgrading of policy and supervision, have pushed the chain games to a new climax. The shift from the traditional “Free to Play” to “Play to Earn” (P2E) mode has allowed many chain players to take advantage of GameFi. If you…
-
Bringing ‘Play’ back into the play-to-earn space — Ankots of Misteria
A brand new NFT monster-battler that is looking to change the way games are played in Web3. May 27, 2022 — The rise and widespread adoption of blockchain technology has led to some of the most barrier-breaking advancements in recent years. One of the standout examples of this came with the introduction of the Play-to-Earn gaming space which completely transformed the gaming industry for good, or so it was thought—until it was not. The tokenized economic model that was the promise of play-to-earn games worked extremely well in theory; players…
