Category: Crypto

Demystifying Crypto Airdrops: Qualifying and Understanding

Crypto airdrops are a marketing strategy employed by blockchain projects to distribute free tokens or coins to the wallets of existing cryptocurrency holders. This practice serves multiple purposes, including increasing awareness of a new project, rewarding loyal users, and creating a wider distribution of tokens. Airdrops can be seen as a way to bootstrap a […]

Navigating Crypto Losses: Reporting on Taxes

The world of cryptocurrency is characterized by its volatility, which can lead to significant financial gains or losses for investors. Crypto losses occur when the value of a digital asset decreases below the price at which it was purchased. This decline can be attributed to various factors, including market sentiment, regulatory changes, technological advancements, and […]

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