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block_admin 17 September, 2020 Crypto Taxes Crypto Taxes: What to Report, the Deductions, Rules & Rates   Disclaimer: This post is provided for informational purposes only. It is not intended to substitute for tax, investment, financial, nor legal advice. For financial, tax, or legal advice please consult your own professional. The IRS has a complicatedRead more

Crypto Taxes: What to Report, the Deductions, Rules & Rates

  Disclaimer: This post is provided for informational purposes only. It is not intended to substitute for tax, investment, financial, nor legal advice. For financial, tax, or legal advice please consult your own professional. The IRS has a complicated tax code in the United States. Understandably, it can be easy to ignore the black boxRead more

Top 5 Best Crypto Tax Software Companies

  Calculating your crypto taxes is one of the more stressful parts of being a cryptocurrency trader. The time it takes to report on your crypto taxes depends on the number of coins you have, the number of trades you’ve done, and the number of exchanges you trade on. Not only that, but every exchangeRead more

3 Tips to Minimize your Crypto Tax Liability

  Cryptocurrency capital gains taxes are becoming a point of interest for governments tax organizations. Don Fort, the Chief of the IRS criminal investigation unit, recently spoke on a tax conference panel and discussed at length how ‘cryptocurrency is becoming a new area of enforcement.’ Other events like the IRS Coinbase Summons and the IRS warning sent to taxRead more

Fund a Crypto Mining Business with Crypto

  Running a crypto mining operation is a complicated and capital-heavy venture. Beyond securing a suitable location, founders also have to worry about things like electricity bills, cost of hardware and maintenance, and even employee payroll. As more and more cryptocurrency mines are opening shop, the demand for operating capital has increased. For many miners,Read more

How to Fund Payroll with Crypto

  Making payroll is one of the biggest responsibilities of a business owner. While it isn’t always easy, there are a number of options for management to guarantee payment for their employees. In the traditional business world, one of these ways is through a line of credit. A line of credit for a business worksRead more

Fund Business Expansion with Crypto

  There comes a time in every company’s journey where they take the next step to grow their business. Whether your company is product or service-based, business owners are always looking for new opportunities to expand their operations or expose their brand to new potential clients. This can be an expensive undertaking and involves aRead more

Collateralized Crypto Backed Business Loans

  Funding a business is always a challenge. Whether you need to pay your employees or fund a business expansion, the hunt for additional capital can be tough for SMEs and small businesses. Traditional lenders force businesses into strict and costly agreements that can sometimes limit a business to reaching its full potential. For businesses thatRead more

Paying Down Credit Card Debt with Crypto

  Ever since the 2008 recession, consumers are increasingly aware of debt and the threat it can be to a person’s financial situation. According to Experian, the average American had a credit card balance of $6,375 in 2017, up nearly 3 percent from the previous year. And according to Make Lemonade, there are more than 44Read more

Diversifying Investment Portfolio with a Loan

  One of the more popular things we see BlockFi clients doing with their crypto asset-backed loans is diversifying their investments. By investing in a variety of assets, you set yourself up to receive the highest return for the minimum amount of risk. Typically, investors purchase a mixture of stocks, fixed income products, and commodities. Blockchain andRead more

Traveling the World with Crypto

  Everyone has a dream trip. Whether your idea of paradise is sipping a chilled wine on the Amalfi Coast, experiencing the sushi in Tokyo, or going on safari in South Africa all these trips have one thing in common: they’re expensive. As a crypto investor, it may be tempting to sell some of yourRead more

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Disclaimer: Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and BIA accounts are not subject to FDIC or SIPC protections. Security is our top priority. Please see our Vulnerability Disclosure Form and Bug Bounty Program.
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