On June 8, 2021 El Salvador became the first country to adopt bitcoin as legal tender. El Salvador previously used the United States dollar (USD) as legal tender, but decided…
In our previous publication we discussed how the recent crypto market correction presented an opportunity for an individual who bought in at the top of the market to harvest a…
The month of May was a rough month for almost every virtual currency. In many cases crypto currencies lost roughly half their value in less than three weeks. For example,…
One theme of our publications to date has been the need for individuals participating in the virtual currency space to keep meticulous records. Aside from being necessary for accurate tax…
When an individual holds a crypto asset there are four different tax buckets a future sale or exchange could fall into with regards to capital gains or losses. The four…
To date our articles have explored topics that result in an individual recognizing gains or losses because of the sale or exchange of a crypto position. However, not all actions…
THORChain is a decentralized platform that allows its users to swap crypto across different crypto blockchains without the assistance of a third-party. The technology pushes forward one of bitcoin’s original…
Many individuals have accumulated a great fortune due to the success of one cryptocurrency. While not advocating any position on the theory, many wealth advisors would tell individuals in such…
One of the many crypto trends in 2021 is more companies being willing to accept crypto as payment for their products. Tesla became the latest major player to state it…
Some employers are paying their employees with virtual currency and many more are beginning to explore the possibility. The starting left tackle for the Carolina Panthers, Russell Okung, recently convinced…