David Kemmerer’s Post

#Tax reporting for #DeFi activity made simple. Cryptio is solving the complex DeFi tax and accounting needs, making it more mainstream and accessible from end to end.

Stripe (internet payment infrastructure) introduces the ability to make instant transfers using crypto! Early adopters can start experimenting with the feature that allows them to receive payments in USDC. Crypto services are becoming more and more common in the internet and real world! #crypto #usdc #stripe #evolution #payments

If you have your hands on #cryptocurrency or other digital assets, you’ll want to see this. 👇 The #IRS has hired two private-sector experts to help them with their efforts in reporting, compliance, and enforcement in the digital assets arena. So far, taxpayers filing certain tax forms will be required to answer a question regarding digital assets.   This is why TaxStatus is essential for anyone who has bought/sold #crypto, NFTs, and other virtual currencies. They need to know what the IRS knows.   Unless you want the surprise of a dramatic tax bill, use TaxStatus to stay one step ahead. No more surprises!   Read the full announcement: https://lnkd.in/gwDDEMQT   #personalfinance #financialplanning #taxseason #NFT #bitcoin #stablecoin

Avalanche Integrates with Stripe for Crypto Onramping: Stripe, a financial infrastructure platform for businesses with a fiat-to-crypto onramp, now supports the Avalanche C-Chain. Retail users can ...

#News #BitcoinETF #nft #SecuritiesandExchangeCommission #SouthKorea South Korea Regulator & SEC Chair To Debate Bitcoin ETFs, NFTs: South Korea’s FSS Chair and the SEC will debate Bitcoin ETFs and NFTs, which will shape the future of virtual finance. South Korean regulators and U.S. financial authorities are scheduled to discuss Bitcoin ETFs and non-fungible tokens (NFTs) at a significant juncture of international financial affairs. Significantly, critical discussions are imminent between the U.S. Securities […] The post South Korea Regulator & SEC Chair To Debate Bitcoin ETFs, NFTs appeared first on Coinscreed.

CoinTracking has launched a new crypto tax tool for the UK Investors. CoinTracking is a crypto tax software that simplifies cryptocurrency taxation. Here's how this tax tool will benefit the traders: - Enhanced Assurance - Time and Cost Efficiency - Global Reach and Adaptability - Reduction in Compliance Risks Read the detailed article on our website: https://lnkd.in/eAt8ANzJ Follow Liquidity 24 for daily financial news! Dariusz Kachel, Berken Menges, Dr. Christiane Williams, Bünyamin Ögdüm #cryptocurrency #taxation #uk #finance #crypto

#News #ArkhamIntelligence #ARKMTokens #Coinbaseprime Arkham Transfers $487M ARKM Tokens To Coinbase Prime; Why?: Arkham Intelligence moves $487M in ARKM Tokens to Coinbase Prime to ensure regulatory and tax compliance. Arkham’s CEO’s holdings are involved in this transfer. Arkham Intelligence has completed a significant token transfer, transferring nearly half a billion dollars worth of its native ARKM tokens to Coinbase Prime. In the crypto community, this strategic move involving […] The post Arkham Transfers $487M ARKM Tokens To Coinbase Prime; Why? appeared first on Coinscreed.

Very nice. EIP-7702 simplifies crypto transactions and enhance the security of external accounts (EOA) on Ethereum. This opens the door to an improved user experience and wider adoption of cryptocurrencies. 👍 """Account abstraction enables wallets to work as smart contracts and operate a host of sophisticated features like multi-factor authentication, wallet social recovery and the flexibility for users to transact with any token. As the Ethereum community evaluates the proposal, EIP-7702 might redefine how account abstraction is implemented in future network upgrades. The new transaction type (proposed in EIP-7702) includes fields for contract code and a signature – providing the same functionalities proposed in EIP-3074, such as batch and sponsored transactions. By allowing EOAs to temporarily convert themselves into contracts, they can be included in ERC-4337 bundles in a way that is compatible with the existing EntryPoint.""" https://lnkd.in/g_u6Fqa9

Good Morning LinkedIn Family! Here are the top news in #Crypto for the past 24 hours: GoDaddy partners with Ethereum Name Service, allowing users to link domain names with ENS names for free, despite ongoing court case. Spot Bitcoin ETFs see $700M inflows, totaling $7.7B funds, with BlackRock and Fidelity leading, offsetting GBTC's outflows. Terraform Labs' ex-CFO extradited from Montenegro to S. Korea for legal proceedings, following his arrest with Do Kwon. Judge orders Ripple to submit financial documents and XRP institutional sales contracts for 2022-2023 to SEC for penalty assessment. dYdX has introduced its roadmap for 2024. Genesis seeks court approval to sell $1.3B in GBTC shares, with potential total sales of $1.6B including ETHE and ETCG shares. Hearing set for Feb. 8. Solana's "Chapter 2" crypto phone hits 60,000 preorders before its 2025 launch, building a dedicated user community. Spain's Treasury to seize crypto for tax debts, expanding financial entities' tax collection powers, targeting overdue taxpayers. OPNX shuts, replaced by mysterious http://OX.Fupromoting to OPNX users but operators unknown. S. Korea's FSC proposes screening crypto execs before employment; law expected to take effect by end-March 2024, tightening VASP regulations. #cryptonewsdaily #cryptonews

📚 A Crypto Odyssey: From Chaos to Clarity 🚀💼 Let us introduce you to a crypto aficionado with a transaction history as intricate as the blockchain itself – spread across 20+ wallets, enriched with DeFi and NFT transactions, and even intermingled with off-chain entries. This trailblazing investor embarked on a quest for comprehensive accounting, spanning the labyrinthine years from 2017 to 2023. 🌌💱📅 The narrative becomes more gripping as we delve further. Hidden within this enigmatic journey were pockets of uncharted territory, like missing transaction history from exchanges long gone – remnants of the crypto past. To set things right, these trails had to be rediscovered, retraced, and meticulously documented for both accounting and tax purposes. Remarkably, this client's adventure began with another firm, which, despite months of effort, couldn't grapple with the complexities of digital asset accounting. 🧩🔍 But that's not all; another layer unfolds. This client is more than just an investor; they're a consultant in the blockchain realm, dating back to 2017. Here's where our due diligence unraveled a critical plot twist. Despite being informed by their previous CPA that they had filed S-Corp tax returns from 2017 to 2022, we uncovered a startling truth – no such filings had been made, and worse, they hadn't even filed an S Election! A compliance quagmire needed to be untangled. 🤯🗃️🗂️ The saga of this client's crypto journey continues, and we step in as the guides who can navigate the most treacherous terrain. First, we diligently bring their accounting up-to-date, leaving no stone unturned. During this process, we not only uncover the missing exchanges and wallets but also integrate them seamlessly to ensure both accuracy and completeness. It's these finer details that often evade other firms. 🌐📈🔐 With their accounting records current, it's time to revisit the past – to address back taxes, bringing them into compliance on both personal and corporate levels. Now, they sail on a monthly accounting schedule, their records ready for swift tax calculations and well-informed financial decisions. Their nights are restful, knowing that the specter of tax issues has been vanquished. 😴⛵🌠 This saga serves as a testament to our expertise in the world of crypto accounting. No matter how convoluted the path, our guidance is a guiding light. We transform chaos into clarity and ensure that every crypto adventure reaches a triumphant conclusion. 🌠💼🛡️