Master the art of crypto accounting! Learn how to handle crypto gains and losses on your balance sheet to stay tax-compliant and organized. Let’s be real, it’s easy to lose sight of what you’ve actually gained or lost, especially when it comes to crypto and its market volatility and frequent trading activities. And when it comes to accounting, especially in countries like the United States, it gets trickier because you must reflect those numbers properly on your balance sheet. If you are running a business that involves crypto or you are just a crypto investor, understanding how to account for your digital assets correctly is crucial. Read more
While crypto market sentiment often swings with price volatility, the true momentum in the industry lies beneath the surface, within the relentless activity of developers building real-world solutions. Opinion by: Markus Levin, co-founder of XYO The crypto community often experiences periods of heightened anxiety. Market downturns are often triggered by counterproductive sentiment-driven events rather than by fundamental issues, creating a significant disconnect between price behavior and the actual progress being made within the industry by the companies within it. What often goes unnoticed is how much real development happens during these downturns. While market movements capture most of the attention, teams are building faster and more deliberately behind the scenes than ever. The focus shifts away from price speculation and toward real execution. Growth happens during downturns. It's a necessary phase for projects that thrive in a volatile industry. They re-focus attention on refining their technology and...
Bitcoin is refusing to give up on its quest to revisit $108,000 and beyond, but concerns over a trend change are growing louder. Key points: Bitcoin and gold move higher in step amid jitters over Japan’s debt problem reach “boiling point.” $108,000 remains a keen target for Bitcoin bulls amid ongoing corporate buying. Read more