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IRS Releases Guidance on Cryptocurrency Hard Forks | McDermott Will & Emery - Vimarsana News

IRS Releases Guidance on Cryptocurrency Hard Forks | McDermott Will & Emery

To embed, copy and paste the code into your website or blog: On April 9, 2021, the Internal Revenue Service (IRS) released Chief Counsel Advice memo 202114020 (Hard Fork CCA), which details the potential tax consequences for taxpayers who held Bitcoin prior to the August 1, 2017, Bitcoin hard fork. While the Hard Fork CCA concerns the taxation of a particular cryptocurrency transaction, it has additional significance because it adds to the limited guidance available regarding the proper taxation of cryptocurrency more generally. IN DEPTH A cryptocurrency hard fork occurs when the blockchain o...

Why Is Cardano Pumping While Other Cryptocurrencies Are Slumping? - Vimarsana News

Why Is Cardano Pumping While Other Cryptocurrencies Are Slumping?

Why Is Cardano Pumping While Other Cryptocurrencies Are Slumping? The ADA token is now the third-largest cryptocurrency by market capitalization...and ignoring the bearish blues that have hit Bitcoin and Ethereum. In brief It's one of the few top tokens performing well at the moment. There are two plausible explanations for the upward price movement. ADA, the native cryptocurrency of the Cardano blockchain, has surged 13% in the past week, 269% in the last month, and 2,633% since last year. With all that upward momentum, it’s managed to become the third-largest cryptocurrency by market capi...

Source: decrypt.co