If you invest in or trade cryptocurrencies, your goal is to make a profit. When you take that profit by converting your crypto back into dollars, you owe the IRS taxes on your capital gains. Whether you pay short term capital gains or long term capital gains depends on how…

Stablecoins are cryptocurrencies with stable prices. The most stable are those that are pegged to a major currency like the US dollar and have one to one reserves of that currency. Because these cryptocurrencies have a predictable value over time they are used for decentralized finance contracts, to transfer money…

Grayscale just won a case in appeals court against the SEC. The Securities and Exchange Commission had denied their application to start a spot Bitcoin ETF. In everyone’s mind these folks have moved to the front of the line for starting an EFT that tracks the spot price of Bitcoin…

Although inflation has come down the Federal Reserve is still not totally finished with interest rate hikes. Thus the risk of a recession later this year or in 2024 remains. A common investing strategy when a recession looms is to buy defensive stocks like Procter & Gamble, McDonalds, or Coca…

The Bitcoin world rejoiced when an appeals court vacated an SEC ruling that had denied the petition by Grayscale Investments LLC to launch a spot Bitcoin ETF. The burden is now on the SEC to show why it OK’d two ETFs that track Bitcoin futures while rejecting Grayscale’s bid for…

It would appear that the US Securities and Exchange Commission is shifting into high gear in its regulatory efforts regarding crypto. Now we have NFTs in regulatory sights of the SEC in their case against Impact Theory. The issue with the NFTs in question, as with a number of crypto…

About a year ago we wrote to ignore celebrities who promote crypto. A few months later we wrote that folks were suing celebrities for FTX crypto losses. The point is that being a famous movie star, television personality, athlete, or social media influencer does not make your advice about cryptocurrencies…

Binance is the biggest crypto exchange by volume in the world. Whether or not Binance will remain in the lead position remains to be seen. Binance’s token, BNB, did not amount to much until the start of 2021. Then it soared from $40 in January to $646 in May. Although…

Retirement accounts like IRAs and 401(k)s allow a person to accumulate savings free of taxes. Money put in such a retirement account is not taxed until it is taken out. This is hopefully only done when the person has retired and their tax rate on regular income is at its…