crypto ira

Introduction In recent times, the smart contract platform tokens Solana (SOL) and Avalanche (AVAX) have been gaining momentum and narrowing the gap with the leading smart contract platform, Ethereum (ETH). This article explores the remarkable comeback of SOL and AVAX in the crypto market. A Strong Comeback After experiencing significant declines against the U.S. dollar […]

Embrace Year-End Tax Strategy With Charitable Giving Twist As the year comes to a close, cryptocurrency investors have the opportunity to maximize their tax benefits by combining tax-loss harvesting with charitable donations. This strategic approach not only allows investors to optimize their tax positions but also supports worthy causes through philanthropic giving. Merging Tax-Loss Harvesting

Sygnum’s Institutional Investor Survey An institutional investor survey conducted by digital asset bank Sygnum reveals a remarkable shift in sentiment towards cryptocurrencies, with over 80% of respondents now acknowledging the important role crypto plays in the global financial industry. According to the bank’s digital asset research manager, crypto is rapidly transforming the economic landscape and

Introduction Crypto asset manager Bitwise has recently released a report titled "The Year Ahead: 10 Crypto Predictions for 2024." The report outlines several key predictions for the crypto industry in the coming years. Bitwise, known for its crypto index fund BITW and a range of other investment products, expects significant growth in the value of

Financial Benchmarks Display Bullish Trend After FOMC Announcement Following the most recent session of the Federal Open Market Committee (FOMC), the Federal Reserve decided to keep interest rates unchanged. This decision was in line with market expectations, as there were speculations of rate reductions in 2024. The market reacted positively to the announcement, influenced by

Introduction Japan is currently exploring the idea of exempting corporations from paying income taxes on unrealized gains related to their cryptocurrency holdings. This proposal, which is part of a broader tax code reform, aims to allow companies to avoid taxation on cryptocurrencies, even if their market value fluctuates throughout the fiscal year. Japanese Government Plans

Hong Kong Regulator's Crypto Fraud Warning The Hong Kong Securities and Futures Commission (SFC) recently issued a warning to the public regarding two entities suspected of involvement in crypto frauds. The entities in question are Hong Kong Digital Research Institute, also known as Hong Kong DAO, and Bitcuped. The SFC has taken action by requesting

Robinhood Expands Crypto Trading Services Robinhood, a financial services firm, has announced the launch of its crypto trading platform in the European Union (EU). The company aims to make cryptocurrency more accessible and affordable to individuals worldwide, just as it did with the stock market. Robinhood Crypto App Now Available in the EU As of

ORDI Token's Impressive Growth In the midst of the recent surge in the cryptocurrency market, the BRC20 token ORDI has experienced a remarkable growth. This week, it has reached a significant milestone by surpassing the $1 billion threshold in market capitalization. Notably, its value has skyrocketed by 676% over the past month and an impressive

A Runaway Success: Bitcoin's Ongoing Upward Trend Bitcoin's upward trend has been nothing short of spectacular, with the cryptocurrency recently surpassing the $40,000 mark. Despite a few setbacks, such as the change in leadership at Binance, Bitcoin's value has steadily increased throughout 2023, and the growth has intensified in September. Contrary to some claims that