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They Burned Down Crypto. Now They Want a Comeback

3 years 11 months ago
On Wednesday, Vox published a bombshell interview with former crypto exchange FTX CEO Sam Bankman-Fried, where the 30-year-old crypto trader all but revealed he had, in fact, co-mingled customer funds with those of his hedge fund, Alameda Research. This would be a problem on its

The Tax Implications of the FTX Bankruptcy

3 years 11 months ago
The crypto world has been shaken by the biggest black swan event in its 13-year history. FTX has become insolvent and all funds on the exchange are frozen.The FTX situation is no fun for anyone, especially if you had funds on the exchange. But there are some silver linings from a

What Will It Look Like When Taxation and Privacy Collide?

3 years 11 months ago
Web3 is at the beginning of a privacy boom. Old-guard privacy solutions like Zcash and Tornado Cash demonstrated the opportunities for privacy protocols, but today’s wave of new layer 1 and layer 2 networks bring expressive computation and complex smart contract capabilitie

Taxes and Music NFTs: A Match Made in Hell?

3 years 11 months ago
Nearly every human who has ever paid a check, received a check, or waited in line at the Post Office on tax day has inevitably experienced some inner gloom regarding a certain five-lettered word: taxes. Throughout much of history, taxes have simply been a way of life. We work, pl

The FTX Collapse Looks an Awful Lot Like Enron

3 years 11 months ago
The corpses of FTX and Alameda Research are barely cold, but financial coroners are already deploying scalpels and bone saws to try and figure out what went wrong. These autopsies are far from complete, but the findings so far suggest deep parallels between the Alameda and FTX bl

The End of the 'Centralization Era' in Crypto

3 years 11 months ago
When we look back at November 2022, we may well view it as the end of the "Centralization Era" in crypto. Centralized crypto exchanges offered consumers an appealingly convenient way to invest in crypto. However, the centralization era also led to disregard for consumer protectio

Crypto Can De-Escalate the Tax War

3 years 11 months ago
There is a tax war between the government and the people, and there always has been. The government badly wants taxes, and people badly don’t want to pay them, so each side battles fiercely for their goal, constantly inventing new weapons in an age-old arms race that contin

Use Your Crypto Losses to Turn the Tables Against the IRS

3 years 11 months ago
Disclaimer: This is not tax advice, and we strongly recommend engaging with a tax professional before making any transaction.This year has not been kind to any crypto investor’s portfolio. Fortunately, there’s one silver lining for all bag-holders with steep losses: t

4 Key Takeaways from the FTX Fiasco

3 years 11 months ago
Depending upon whom you ask, last week’s FTX blowup feels bigger than when Mt. Gox, the original Bitcoin exchange, fell to ruin in 2014. Bigger than The DAO hack of 2016, which forced Ethereum to fork into two chains as a way to recover user funds. Bigger, too, than the imp
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