Welcome to the Blackjack year - 2021 is not even half over and it’s already been an incredible ride.

On April 14th, Bitcoin reached its all-time high of $64,863.

Almost a month later on May 11th, cryptocurrency market capitalization reached an all-time high that exceeded 2.5 trillion dollars — Not bad for an industry that has only been around for 11 years.

In the first few months of 2021, a lot of wealth was created in the crypto market and in the few months following these all-time highs, the market has fallen almost 50%.

Although high volatility in the cryptocurrency…

Three years ago, Elon Musk infamously tweeted he was taking Tesla Public.

It all started in 2018 when Elon tweeted he was “considering” taking Tesla private and indicated he had “funding secured”.

This tweet sparked a firestorm on social media and prompted the SEC (Securities and Exchange Commission) to launch an inquiry into the matter. As an officer or director of a public company, there are rules on what can be said to the public.

Did Elon Musk mislead investors?

Knowingly or unknowingly, the immediate consequence was a boost in the price of Tesla. …

In 2019, one of the largest crypto frauds took place resulting in the bankruptcy of Canada’s largest cryptocurrency exchange and the loss of over C$215 million in client funds.

This true-life story of one young man who over a period of a few short years was able to build one of Canada’s largest cryptocurrency exchanges and then ‘suddenly died’ with almost a quarter-billion dollars of his client's funds missing.

This is the story of Gerald Cotten, the former CEO of QuadrigaCX

If you had bought, sold, or otherwise transacted in cryptocurrencies over the last few years, chances are you are liable for capital gains tax.

This is because cryptocurrencies are classified as a ‘capital asset’ by many tax authorities around the world. Fortunately, the proper use of a self-directed IRA can help to minimize future crypto tax liabilities.

Tax Classification for Cryptocurrencies

Cryptocurrencies now share the same tax classification as traditional assets such as stocks, bonds, vehicles and real estate. Many tax authorities do not see cryptocurrencies as a ‘currency’, like banknotes or legal tender (which don’t trigger capital gains).

Rather, the classification of cryptocurrencies…

The strange thing about rumors is they are often based on a kernel of truth.

According to Yahoo Finance, there is talk the Biden administration is considering a massive 80% capital gains tax on cryptocurrencies. The rumor that began circulating in early May was that Treasury Secretary Janet Yellen intended to implement an 80% crypto tax. Although this rumor remains unsubstantiated — The truth is crypto taxes are going up.

Bloomberg reported the Biden administration will propose a 39.6% capital gains tax for those earning over $1 million. …

The altcoin that started as a joke now ranks among the largest cryptocurrencies in the world — What?

In the last 12 months, Doge has gone up a staggering 22,879%

At the time of writing, Doge has surpassed Ripple in market capitalization and now sits as the world’s 4th largest cryptocurrency.

We have all heard Bitcoin’s genesis story - A mystery man by the name of Satoshi Nakamoto who uploaded his code to the internet in 2009, effectively launching Bitcoin, and then disappears into thin air to never be heard from again.

A man who apparently acquired Ph.D. level knowledge of cryptography, computer programming, economics, then coded the world's most disruptive technology of the 21st century and uploaded it to the internet at near-perfect timing (just after the 2008 financial crash, giving it fertile ground for grassroots implementation).

This superhero then vanishes without a trace to never be heard from again…

This is for entertainment purposes and not intended to be tax advice.

Tax season is here.

It’s a busy time for tax accountants and also a time of concern for many cryptocurrency traders. It can also be a very costly time of year, given the tax implications of cryptocurrency trading for residents and citizens of many developed countries.

For many countries, including the USA, Canada, Australia, and parts of Europe, cryptocurrency transactions are uniquely subject to capital gains tax and the onerous reporting requirements that come with it.

Fortunately, there is a rather simple strategy to avoid the personal tax…