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
-
SoulSwap off the central chain on the trading platform shocked the attack, grand online press conference
Recently, SoulSwap, a decentralized financial data aggregation platform initiated by the Soul Blockchain Lab in the United States and developed by the world’s top Silicon Valley technical team, is about to be launched shockingly. As a platform based on decentralization and with core underlying technology, SoulSwap is achieving rapid fission with the exclusive “coin mining + computing power mining + promotion mining” model. The SoulSwap team held a grand press conference today, announcing that SoulSwap, a digital asset trading platform with a decentralized operation model, will be launched soon,…
-
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…
-
Come to Coinbetter to share 10,000 ZTB airdrop benefits
In order to give back to the new and old users of the platform, Coinbetter has started the registration transaction sending activity from 00:00 on March 22nd, 2022 to 00:00 on March 25th, 2022. As can be seen from the Coinbetter announcement, there are two forms of airdrops for 10,000 ZTB benefits. It is understood that the airdrop token ZTB is the only dedicated crypto token of the ZSC smart chain, with a limited total of 210 million pieces and will never have additional coins issued. According to…
-
SYW Coin Launching Mainnet, Realizing Global Circulation
Recently, something great happened within blockchain network. SYW coin completed the deployment on the ETH public chain and successfully launched the mainnet. This means that SYW has successfully realized global circulation and can be transferred in any blockchain networks. From now on, global investors can freely purchase or sell SYW coins. As a blockchain 2.0 application network, ETH’s related ecology has attracted the attention of many blockchain users and cryptocurrency owners. Ethereum holds the vast majority ofr DeFi protocols and stable coins. Due to its characteristics of having stable network…
-
Resurgence, WODEX exchange platform currency platform token WMT is listed on Binance Smart Chain
At present, the digital financial market represented by NFT meta universe has developed into the main battlefield of more and more investors. Under the unpredictable market background, more users need more professional NFT meta universe platform and more investment value. Mainstream value currency. Based on this, the WODEX exchange token, WMT, has attracted attention from all walks of life once it came out. NFT is generally considered to be the most imaginative asset type in the future in the crypto world, and it is also an important part of…
-
Whale Shark’s NFT Collectors Playbook
Thinking about buying some non-fungibles? Maybe you’re even thinking about investing? Maybe you still can’t wrap your brain around the idea of digital art being sold for $69 million, but you’re open-minded, you’ve done your homework and you think the rewards outweigh the risks. And maybe this is money you can afford to lose, so what the hell? [Obligatory disclaimer: Nothing that follows is financial advice. Investing in NFTs – or anything in crypto – is packed with risk and you can lose everything. Proceed with caution.] But if you’re trying to get your…
-
After August 30, 2022, the reward rules for users participating in TSwap node PK will be changed
According to the latest news from the TSwap official website: The LAX+USDT liquidity pool will be tested globally from June 1 to June 6, 2022. If the liquidity pool is tested to be functional, it will be officially launched. The users can obtain the token of ecological value TJC by adding liquidity. In fact, most of the community users are expecting the LAX+USDT liquidity pool, and they want to participate in the liquidity pool plan, which will accelerate the development of TSwap ecology. With the rapid ecological development, the consensus…
-
BTDA has drawn a new generation of storage blueprints
With the rapid development of mobile Internet, 5G, Internet of Things, artificial intelligence and other technologies, data has exploded, and countless data are continuously generated, collected and processed everywhere. Accordingly, the markets of cloud storage, cloud computing and distributed edge computing are growing rapidly. Market reports from IDC, GrandView, Garnter and other institutions have clearly described this trend. On April 20, 2020, the National Development and Reform Commission held a press conference. The new infrastructure mainly includes three aspects, namely, information infrastructure, converged infrastructure and innovative infrastructure. Among them, data…
-
EOS Loses Its ‘Largest’ DeFi Project to Binance Smart Chain
Effect Network, a decentralized finance (DeFi) platform that connects companies to the global workforce, will be switching its development from the EOS blockchain to the Binance Smart Chain (BSC). Effect Network developers said Thursday the main reason for the shift to BSC, a smart contract-based blockchain backed by exchange giant Binance, is due to concerns about the future of the EOS blockchain and its leadership. In January, serial blockchain entrepreneur and EOS CTO Dan Larimer left Block.one “to pursue new personal projects.” Effect Network cites “unfulfilled promises to address the many issues…
-
While top GameFis are experiencing crisis, where is the turning point? Elven World rises as a game changer!
“There are two paths to the future of mankind, either towards interstellar civilization or towards the virtual world of VR technology — the metaverse. ” As the pioneer of the metaverse sector, GameFi is a bottom-up revolution in nature. The future of GameFi will be extremely optimistic, but the current development has only just begun, not only that there are many challenges, but it is a long way to go.What’s the current state of GameFi industry? First Stage: Carnival The natural anti-monopoly attributes, ultra-high topicality and liquidity nature of GameFi make it an object of…
