Everything web3, crypto, defi, degen
IRS tax season is officially open in the United States. April 15, 2024 is the deadline for crypto holders to report their 2023 transactions to the Internal Revenue Service (IRS). The 2023 tax year includes any activity between January 1, 2023 and December 31, 2023. Late filings, failure to pay taxes owed and crypto tax…
By Pranesh Anthapur, Kraken Chief People Officer Payroll capabilities are expanding alongside vast improvements to blockchain technology. With these innovations, global employees may want a wider range of digital asset options, such as NFTs, cryptocurrencies, and bitcoin IRAs. Let’s explore why and how to empower employees with unprecedented control over their financial future. The global…
The end of the tax year is fast approaching, and the clock is ticking for crypto holders to report their transactions to the Internal Revenue Service (IRS). In a bid to clamp down on crypto tax evasion, the IRS modified its terminology this year from “virtual currency” to “digital assets.” The new change encompasses all…
If you’ve ever tried to explain cryptocurrency to your relatives, you might have found it can be as difficult as trying to teach rocket science to a toddler. Most folks react with skepticism, ridicule or scorn when you try to explain the utility of decentralized digital currencies that have limited supplies and aren’t controlled by…
After several months of headwinds for the crypto space, the historical collapse of Sam Bankman-Fried’s FTX crypto exchange in early November added fuel to the bear market’s fire. While FTX’s collapse has negatively impacted many actors in the industry, the true extent of the collateral damage from this debacle is only beginning to surface. The…
Following several months of headwinds for the crypto space, the crypto market trended lower in September. ETH fell significantly more than BTC as Ethereum transitioned from proof-of-work (PoW) to proof-of-stake (PoS) via The Merge. ETH sold off sharply post-Merge in classic “buy the rumor, sell the news” price action. The downtrending crypto market and bleak…
Over the past 12 months, we’ve had a DeFi Summer and an NFT Spring. The space is very much in the next phase of crypto innovation and we at Kraken are supporting this next phase with liquid markets. To that end, Kraken is supporting three new assets: Maker (MKR), Ren (REN) and 0x (ZRX). Trading…
VIP clients are the first to receive Kraken Intelligence reports. If you’d like access to our newsletter or want to start trading, get the resources Kraken clients worldwide trust. Check out Kraken’s video breakdown of the April Report. This bitcoin rally couldn’t go straight up forever, could it? Well, no. In fact, for the first…
Millions of people worldwide are seeking to break free from the old way of investing. Today, investors have charts, real-time news, communities and commission-free trading platforms guiding their financial decisions and behaviors. Millions of people are looking to crypto for a better user experience. Crypto markets have democratized information sharing, provided open, 24/7/365 access to investments,…
VIP clients are the first to receive Kraken Intelligence reports. If you’d like access to our newsletter or want to start trading, begin today. The rollercoaster ride that is bitcoin’s latest rally has some wondering if we are nearing a market top, but our analysts aren’t yet convinced. Kraken Intelligence, our team of in-house research…
