CFTC Commissioner wants to create AI Fraud Task Force

As a seasoned crypto investor with a keen interest in regulatory developments, I find Commissioner Kristin Johnson’s recent speech at the Technology Advisory Committee (TAC) meeting particularly noteworthy. Her three-pronged agenda for regulating AI technologies in U.S. financial markets is a welcome step towards ensuring the integrity and security of our markets. Commissioner Kristin Johnson … Read more

Venture capital pours $2.4B into crypto startups in early 2024

As a seasoned crypto investor with a keen interest in the industry’s dynamics, I find the recent surge in venture capital investment in crypto and blockchain startups to be an encouraging sign. After witnessing three consecutive quarters of decline, it’s refreshing to see a significant uptick in funding and deal count. As an analyst, I’ve … Read more

How to determine crypto cost basis for accurate tax filings

What is cost basis in crypto? In summary, accurately calculating the cost basis for cryptocurrencies is essential for filing correct tax returns and minimizing potential taxes owed. The cost basis depends on various factors such as the method of acquisition, fair market value at the time of receipt, and any associated transaction fees or expenses. … Read more