Binance has quashed rumours that it intends to introduce fiat-to-crypto trading pairs.
A spokesperson told Bloomberg, the reports are “fake news”.
Binance only handles trading between cryptocurrencies, not fiat.
Several crypto publications covered the news including the Daily Express, all based of rumours circulating across social media.
In the last 24 hours Binance has handled $2,152,690,811 billion in trading.
Source: Bloomberg
IBM in partnership with the CaixaBank, Bank of Montreal, Commerzbank, Erste Group and UBS have passed the first live pilot transactions on the IBM built Batavia blockchain platform. The trading of cars from German to Spain and textiles between Austria and Spain were carried out on the network. Do you think this challenges Stellar and Ripples blockchain tech?
Read more at FinExtra.
According to Morgan Stanley Equity Analyst Charlie Chan, the price of Bitcoin must reach $8,600 for mining to be profitable based on (US$0.03 kW/h) energy price.
Read more at CNBC.
The world’s largest semiconductor foundry company, TSMC which has become a major player in the Bitcoin mining industry is allegedly cutting its revenue forecast for the year blaming the uncertainty behind the cryptocurrency mining demand.
Read more at CNBC.
Tezos co-founder Arthur Breitman has been slapped with a $20,000 fine and a two year trading ban by the Financial Industry Regulatory Authority (FINRA). This seems like pocket change for an ICO that raised $232 million.
Read more at Reuters.
Three of China’s biggest tech firms Alibaba, Baidu and Tencent are battling for Blockchain stardom while steering well clear of the crypto trading crackdown, cool move eh… by investing and developing Blockchain companies, they skirt round the ban.
Baidu recently launched Totem a blockchain-based image right management platform similar to KODAKOne. They also launched a pet rearing game called Laici Gou.
Alibaba has the most Blockchain patents in the world, they recently launched a system for luxury goods sold on its flagship shopping site Tmall.
Tencent founder Pony Ma is optimistic about identity & document verification. Tencent partnered with a Chinese city to test tracking prescriptions on the Blockchain.
Read more at Quartz.
MP Matt Hancock delivered a speech at the Blockchain Conference regarding the momental impact he thinks Blockchain technology will have on people’s lives in the future. He mentioned the World Food Programme Ethereum Blockchain aid initiative, which has transferred vouchers based on cryptocurrencies to 10,000 refugees in Syria, enabling them to buy food without “the need for cash, credit cards or paper.”
The United Nations World Food Programme has received $2.4 million dollars from Belgium to support a blockchain-based payment system for refugees. Funds will also be used to expand the UAV project to collect data and analysis to cope with natural disasters.
Read more at CoinDesk.
Enterprise blockchain platform SophiaTX has been named company of the year in this months CIOApplications magazine.
Mark Karpelès, the CEO of bankrupt Bitcoin exchange Mt. Gox has found a new job as the chief technology officer of the world’s largest VPN service, London Trust Media based in Denver. His new boss is more than happy with his past role, stating he skills unarguably continue to exist. Although the CEO of London Trust Media was one of the co-founders of Mt. Gox, friends with benefits? We think so.
Read more at Fortune.
According to research by VeneBloc, cryptocurrency trading in Venezuela has reached a new record surpassing $1 million dollars of Bolivar currency to Bitcoin in April.
Read more at CNN.
Buy orders now make up for 90% of the cryptocurrency market for the first time since March 2017.
Read more at TurtleBTC.
Watch the CEO if Binance burn $1.5 million in just 3 seconds.
Blockchain firm Enigma announced their membership in the Enterprise Ethereum Alliance as well as the Decentralized Identity Foundation.
Read more at Eligma.
After Poland’s finance ministry introduced a a %1 tax on all crypto trades, angry enthusiasts are demonstrated outside the tax ministory on Friday 19th.
Read more at WYKOP.
IOTA have announced the world’s first smart charging station where users can pay with IOTA to charge their vehicle.
Read more AMBcrypto.
DALLAS, TX – Richard Jacobs is the best-selling author of Bitcoin, Ethereum, and Blockchain, and organizer of the Future Tech Expo, which takes place in September 2018. As a sneak preview of what is to come at this conference, he has just published a free podcast that reveals brand-new intelligence which strongly suggests that Bitcoin could be returning to $10-15k+ territory by summer.
“Almost all the ‘smart-money’ blockchain investors I know agree that Bitcoin is undervalued, and are loading up right now while its price is relatively low”, said Mr. Jacobs. He adds: “Why are they so confident? It’s because there are three specific developments in the pipeline – game-changers that are going to fundamentally alter the economics of Bitcoin and generate a lot of positive news flow.”
Since Monday, Mr. Jacobs has been sending out daily “Future Tech Gold Rush” podcasts – i.e. insider briefs on seven technologies, including Bitcoin and blockchain, that are set to provide early investors with the chance to get behind the next major tech disruption – and he is sending them to everyone who is registered on the email notification list for his Future Tech Expo in September.
If you sign up now (it’s 100% complimentary), you can still listen to and download every episode, including the Bitcoin episode that reveals the three game-changer developments that are set to send Bitcoin soaring by summer. (You’ll get the download links in an email as soon as you sign up.)
NOTE: This special podcast series is only available until April 30th, when all seven of the “Future Tech Gold Rush” intelligence briefs will be deleted from the internet and no longer available.
Do you want to get these crypto and future tech intelligence briefs too – before they are taken down?
If so, follow the link below and sign up to the Future Tech Expo notification list. Not only will you receive all seven of these “Future Tech Gold Rush” briefs, you’ll also benefit from a special discount on tickets to the conference itself – which takes place in September at Dallas.
Subscribe to the “Future Tech Gold Rush” free podcast series:
https://www.thefuturetechexpo.com/notification-list/
###
Press contact:
Richard Jacobs
(888) 448-4590
About the Future Tech Expo:
The Future Tech Expo is the only conference in North America that’s bringing all the top players from the domains of blockchain tech, artificial intelligence, 3D printing, virtual/augmented reality, drone technology, and even quantum computing – so you can get informed, get connected, and get exclusive access to investment opportunities that are “off-limits” to normal folks.
This three-day conference will be held at the Dallas Convention Center, close to Dallas/Fort Worth International Airport, in September. We are expecting more than 2,000 attendees, 100 headline speakers, and 150 exhibitors – with talks from developers, entrepreneurs, venture capitalists, and other “smart money” investors who are out to find the next Bitcoin and get behind it early.
More information is available at:
Jesse Powell, the CEO of cryptocurrency exchange Kraken, has made it clear the firm does not plan to answer the New York Attorney General’s inquiry into cryptocurrency exchanges.
Powell added “Why don’t you try extracting this information from those businesses actually operating in your state?”
Read more on CoinDesk.
An investigation by the Public Security Bureau Economic Investigation Detachment in China’s Xi’an district cracked a cryptocurrency pyramid scheme wide open, the team behind Da Tang Coin (DTC) allegedly defrauded investors of $13 million dollars selling he useless coin for $0.50. They made wild claims of guaranteed profits and hired a western chairman to appear more like a “high-tech multinational corporation” said police.
Read more on HSW.
Bitcoin’s booming in Brazil according to local media, the countries biggest investment firm XP Investimentos is planning to open an over-the counter (OTC) cryptocurrency exchange.
Read more at Finder.
Earlier this week Riot Blockchain received a subpoena from the SEC seeking “certain information from the company”. This comes as no surprise as Riot have long raised many red flags with worried investors citing canceled board meetings at the last minute, with insiders dumping right after the firm changed their name from Bioptix.
Read more at CNBC.
Research has revealed 60% of British people surveyed would not support a Bank of England-backed cryptocurrency linked to the pound.
Read more at the Daily Express.
A report carried out by security firm Proofpoint has found that human error is the biggest factor in crypto attacks being successful from fake domains to dodgy plugins they all rely on the user making a mistake.
Read more at Cryptovest.
Singapore-based crypto exchange Huobi has announced plans to set up shop in London as it seeks to continue its expansion outside of Asia.
Read more at NEWSBTC.
India’s central bank has started a crack down on the trading and purchase of cryptocurrencies in India, announced at there bi-monthly monetary policy press conference. The order gives institutions currently working with cryptocurrencies three months, this has not gone unchallenged by many exchanges and businesses operating in india who are starting joint legal proceedings.
Read more at Forbes.
Amazon might build crypto snooping tool
Amazon has filed and won a patent described as a “streaming data marketplace” which will allow authorities such as the police and government agencies to match cryptocurrency addresses to actual users based on multiple data points from 3rd party sources. This data could come from an exchange for example where a user would supply their identity documents, ip address, bank account information which could tie you to addresses used to fund and withdraw assets. Spooky, eh!
Read more at Motherboard Vice.
Dow jones Media Group partners with Brave Browser
Through partnering with web browser Brave, Dow Jones Media Group will test ways to distribute content and advertising as part of a promotion that offers readers free subscription-based content. The firm owns MarketWatch, Barron’s and Financial News. Brave Browser used BAT tokens which incentivises users to engage with the ads by paying them the currency.
Read more at Tech Crunch.
If you don’t believe that cryptocurrencies are having an effect on mainstream society, then you should really check out the latest information coming from Barclays Plc.
One would think a bank like Barclays would be as traditional as they come, but that is no longer the case. It has been reported that they are now gauging interest on a potential cryptocurrency trading desk.
Bloomberg has reported that Barclays are well into the preliminary assessment of the trading desk. Although no concrete plans are yet in place, this would represent a massive step into the future for the British bank.
If they were going to go down this road, they would become the only big European investment bank to do so. The likes of investment chief Tim Throsby and CEO Jess Staley may need to give it the go-ahead, as this isn’t in line with what other continental banks are doing.
Staley and Throsby are no strangers to showing innovation in leadership; for instance, Throsby authorised the transfer of huge sums of capital to high-risk trading from safer corporate lending already.
There is an existing demand for the services, with the likes of bitcoin hedge funds eager to find banks that can look after their transactions. Crypto hasn’t found its home within the banking sector just yet, but once it does, it could be a lucrative partnership for all involved.
This is especially true if you consider that the amount of hedge funds focusing on crypto grew significantly from in the year ranging from February 2017 to February 2018.
Goldman Sachs haven’t been shy in expressing their ambition around digital currencies. The American organisation has set up a trading desk, which it hopes will begin trading this summer.
Nine Indian police officers felt the full force of the law after being arrested for extorting nearly $50,000 in cash and 200 Bitcoins from Surat-based builder, Shailesh Bhatt, who claims he was kidnapped in a local hotel by the crime branch cops last February.
Read more here from NDTV.
Yesterday Huobi Pro announced that Cardano (ADA) will start trading on the 17th April at 14:00 GMT +8. Huobi is one of China’s largest cryptocurrency exchanges with a daily trading volume exceeding a billion dollars. The listing of the coin has already pushed the price up by 9.30% in the last 24 hours and is expected to significantly increase as more trading starts.
Launch of Cardano (ADA) on Huobi Pro ??
Deposits will be available from 14:30, April 16 (GMT+8).
Trading will be available from 14:00, April 17, 2018 (GMT+8).For more details, visit https://t.co/wVV4itj2ro#Cardano #huobi #blockchain #ecosystem #fintech #mining #exchange pic.twitter.com/oXpq72r5yk
— Huobi Pro (@Huobi_Pro) April 17, 2018
Coinbase has acquired Earn.com for a cool $100 million. The firm was one of the most funded startups attracting $116 million over several rounds. CEO & Co-founder of Earn, Balaji Srinivasan, will become Coinbase’s first chief technology officer.
Read more here from Recode.
Tax-selling has undoubtedly been a huge contributor to recent price dips but this could quickly reverse with the US tax deadline on the 17th of April predicted to be a day that cryptos increase.
Read more here from CNBC.
The head of the International Monetary Fund (IMF) – Christine Lagarde, believes digital currencies and blockchain technology could make the global finance system safer by increasing the speed, cost and safety of transactions.
That level of diversity could build a “financial ecosystem that is more efficient and potentially more robust in resisting threats”, she said.
Read more here from the Guardian.
Crypto enthusiasts across reddit are competing with each other in a challenge to prove which country is the most Bitcoin friendly. Users have posted Bitcoin signs spotted in stores across Romania, Saigon, Bali, Toronto and many more locations.
Read more here at The Next Web.
An increasing numbers of ICO’s are promising all kinds of weird and wacky things from Bananas on the Blockchain (so ap-peel-ing) to AI that can predict the future. This week we seen the launch of Honest Coin “The Most Honest Cryptocurrency Ever Invented”. The project aims to be completely honest with their goals from day one.
No… we are not talking about psychedelics or bull markets however you can still ride yourself to the moon with CryptoRider, a mobile game developed to virtually ride those price charts. Now you can experience the highs and the lows again and again and again. Sounds like fun right? Download here.
A Los Angeles-bases cryptocurrency/ genetic firm has performed the worlds finda DNA sequence transfer on the Ethereum Blockchain. The Enterobacteria phage phiX174 sensu lato virus was transferred.
Forget the Cayman Islands, Monero could be the next big tax shelter. With 8 months left of 2018 its time to become “tax efficient” by simply getting your boss to pay you in the pro privacy currency says hacked.com.
Indian-based cryptocurrency exchange Coinsecure has offered a 10% bounty ($356,000) for information leading to the recovery of the $3(+) million funds stolen last week.
Read more here from India Times.
Crypto personality John Mcafee believes that the Bitcoin price prediction of $20,000 in 2018 for Bitcoin is “absurdly low”. Agree or disagree we don’t recommend putting any body parts on the line.
Bitcoin at $20,000 by years end? I believe that's absurdly low.https://t.co/uZs1yYTIMx
— John McAfee (@officialmcafee) April 16, 2018
In a bid to help domestic funding fro ICO’s and Cryptocurrency businesses in Thailand, enthusiasts have petitioned the Finance Ministry hoping the Revenue Department will reconsider its tax policy.
Read more here, the Bangkok Post.
ShipChain is launching a pilot program this summer with CaseStack solving supply chain, tracking and tracing issues in the shipping industry. CaseStack works with Amazon, Target, Duracell and many other Fortune 50 companies in the world.
Read more here from Influencive.
Mastercard will tackle fraud with Blockchain technology
A patent has been filed by Mastercard that will use Blockchain technology to verify and store identity data to combat fraud.
Read the patent here filed at the United States Patent and Trademark Office.
The The University of Akron’s (UA) and NASA will work together to help spacecraft avoid floating debris, the assistant professor Dr. Jin Wei Kocsis has received $330,000 in the form of a grant from NASA.
Read more here from The University of Akron College of Engineering.
The Foundation for Defense of Democracies released a report which found less then 1% of Bitcoin is used for illegal purposes.
Read more here from NewsBTC.
Marsh, ACORD Corporation and ISN Software Corp are working with IBM to develop insurance verification on the open-source hyperledger fabric technology and IBM blockchain platform. With the soft launch expected later this year. It will be used to speed up hiring contractors, transferring risk and coverage certainty.
Read more here from Seeking Alpha.
That all folks, until next time.
Los Angeles-based DNAtix, also known as the ‘genetic blockchain company’ has successfully performed the world’s first DNA sequence transfer on the Ethereum Blockchain.
The complete genome sequence of the Enterobacteria phage phiX174 sensu lato virus was transferred in a proof of concept test on the Ethereum blockchain and is believed to be the world’s first single-stranded DNA (ssDNA) virus to ever be stored in this manner.
The human genome contains 3 billion base pairs which is approximately 100 gigabytes in raw data. This amount of data is too large to be supported by any current blockchain technologies however the team at DNAtix have developed specialised compression algorithms which reduce the size by 75%, resulting in an impressive 700 megabytes. The team is also confident that this can be improved even further with a total 99% size reduction in the future.
“For the purpose of the POC we uploaded the virus sequence which is ~5400 ‘letters’ that equals about 1348 bytes,” explains Ofer Lidsky, DNAtix’s CEO and co-founder.
This transfer of DNA on the blockchain opens up many doors for medical services and applications like DNAtix who wish to develop autonomous, distributed and redundant global ecosystems.
The firm also hopes that by placing DNA on the blockchain it will open up data access and research for 3rd parties to push forward developments, advancements in treatments and preventative medicine for the benefit of humankind.
Three Chilean-based cryptocurrency exchanges – CryptoMarket, Buda and Orionx –are seeking new banking partners after having their accounts shut down.
With little to no explanation, Banco del Estado de Chile, Itau Corpbanca and Bank of Nova Scotia have ceased providing their banking services for the exchanges, with some pointing the finger at the government secretly forcing the banks to do so. But as yet this is unclear.
South Americans are concerned that the ban is mimicking the cryptocurrency bans of other countries, such as China and the UK, whose banks have notoriously formed a cartel to block any cryptocurrency businesses gaining access to a bank account.
Speaking to Bloomberg, Guillermo Torrealba, Buda’s co-founder and chief executive officer, said: “They’re killing an entire industry. It won’t be possible to buy and sell crypto in a safe business in Chile. We’ll have to go back five years and trade in person. It seems very arbitrary.”
Chile’s cryptocurrency market is small but burgeoning. Entrepreneurs created digital coins Chaucha and Luka, whose names play off local slang used for money, while locally-based exchanges like Buda and CryptoMarket operate across Latin America. Buda traded about $1 million per day before losing its bank account, compared with about $2 billion for the world’s biggest exchanges.
Chile’s cryptocurrency industry is still small but rapidly growing with the Buda exchange trading around $1 million per day in digital assets.
The shutdown exchanges have said they follow stringent know-your-customer and anti-money-laundering practices by running checks with authorities and agencies.
Thousands of Chileans and crypto supporters around the world have taken to social media to support the exchanges with the tag #ChileQuiereCryptos.
The exchanges have formed a joint case at the appeals court, which has already agreed to hear their case; but the bank accounts remain shut until further notice.
While the cryptocurrency market takes a bearish turn and most tokens go through record plunges, the blockchain technology does not stand still and continues to develop in all directions very rapidly. The gaming industry is also moving forward. After the success of PokemonGo and CryptoKitties, meet UnicornGo, a blockchain based online game with elements of augmented reality created by a solid team of developers in collaboration with genetic engineers.
Just imagine, a beautiful fantasy world where you can become an owner of mythical creatures, the unicorns, buy plots of land, grow candy trees and participate in tournaments. Each unicorn is unique and has its own colour, character and abilities. This is achieved through gene crossing and inheritance of various traits by the next generation of unicorns. Unicorn owners will be able to predict offspring traits by selecting a partner with genetic attributes of interest, resulting in unique unicorns that can bring significant profits to their owners. Unicorns with higher attributes are very desirable on a marketplace as breeding partners, allowing its owner to set a higher price for siring.
Users can buy unicorns using Ethereum or its own in-game currency, CandyCoin, which is already being traded on the ForkDelta exchange and will be listed on other exchanges in the near future. The tokens are based on Ethereum smart contracts, with a limited release of 12,000,000 tokens. But in nearest future, UnicornGo plans to move the game to the Universa blockchain, for higher speeds and almost zero transaction fees. CandyCoin is used on the in-game marketplace to buy/sell/exchange unicorns, plots of land, candy tree seeds to grow food for unicorns and other fairy tale accessories.
At the moment, users can buy the first generation GEN-0 unicorns on the game’s website play.unicorngo.io/. Sales of GEN-0 will last until 30,000 unicorns are sold, after which no new GEN-0 unicorns will ever be created again. All subsequent generations of unicorns will come from the GEN-0 generation. Furthermore, every purchaser of GEN-0 unicorn has a 30 percent higher chance than in later generations to receive a Legendary unicorn, which will have unique traits. All the lucky users who will randomly get the Legendary unicorn will also receive a special gift from UnicornGo team worth the amount of 10,000 USD!
On 8 April of 2018 the marketplace has been released, where all created unicorns can be traded. Users also can find partners for breeding, put their unicorns for sale and evaluate future opponents for tournaments. The presale of land plots has begun as well. It should be noted that land is a very important asset because it acts as a means of resource production in the game. Users can play around in sandbox mode and construct potential unicorns by visiting the page: http://demo.unicorngo.io/
The next stage is the integration of the UnicornGO interface with augmented reality in conjunction with IZETEX, as well as the introduction of mind control technology. The neural interface has already been developed by the BasisNeuro startup. In the next 2 to 4 months UnicornGo specialists in cooperation with a team of creative designers will develop a new gadget which will allow users to control unicorns with the power of thought, providing an incredible experience for everyone and great opportunities for disabled people. And this is only the beginning. Considering the strong support of the community and innovative development, the project has a great future.
To learn more about the project or buy unicorns visit the official website: https://play.unicorngo.io/
In previous years, cryptocurrency traders managed to stay under the radar with fewer than 900 people reporting capital gains on Bitcoin to the IRS from 2013 to 2015. It is likely that many believed they could avoid paying taxes because of the perception that their trades would not be traceable. For example, AlphaBay, the successor to the illicit online market “Silk Road,” was still recommending using Bitcoin as a privacy coin in 2016.
But the assumption that Bitcoin is anonymous or untraceable is unfounded. The FBI was able to trace $13.4 million in Bitcoin from the Silk Road to its apparently anonymous founder, Ross Ulbricht, by tracing public transactions on the blockchain – and that was back in 2014. The next year, the IRS partnered with Chainanalysis to identify suspicious activity among owners of digital wallets. The Daily Beast published a copy of their contract that explicitly states it intends to “trace the movement of money through the bitcoin economy” in order to “identify and obtain evidence of individuals using bitcoin … [to] conceal income as part of tax fraud”.
It is easy to imagine how anxious the IRS is to receive the unreported earnings, especially given the huge growth in cryptocurrency investments last year. For example, only 804 Americans declared taxes on Bitcoin gains in 2015—despite an estimated 500,000 to 1.2 million people owning Bitcoin that year. In 2017, the crypto market grew 30 fold from $18 billion in January to $573 billion by year end. And in November 2017, a federal judge ordered the exchange Coinbase to release data on 14,355 account holders who had traded in over $20,000 USD.
Many don’t even realize that they need to declare their cryptocurrency earnings. Most exchanges do not send users a 1099 form like stock trading websites do (Coinbase does only if the user has traded over $20,000). And tax filing websites like TurboTax and H&R Block don’t ask if you sold cryptocurrency in the previous year. It is up to individuals to stay proactive and inform themselves of new tax laws.
If the IRS catches you not paying taxes, common fees include a “substantial understatement” penalty and “negligence or disregard of the rules” penalty, which are an additional 20 percent of the net understatement of tax. And if the IRS thinks you knowingly and intentionally did not pay your tax, it will charge you an additional 75 percent for committing fraud.
In the US, cryptocurrencies are treated by the IRS as property, similar to stocks. This means that you must pay capital gains on your investments that you have sold and basic income tax if mining or earning cryptocurrency for work.
Most people will have income from buying Bitcoin or an altcoin and selling it at a higher price; these sales need to be reported on Schedule D, an attachment to Form 1040. If the period between the purchase and sale is less than a year, it is taxed as ordinary income. If it is longer than a year, it is taxed as a long-term capital gain between 0 to 20 percent. If you are in the top three highest income brackets, you must also pay 3.8 percent tax on net investment income. Mining and sales receipts in cryptocurrency is also taxed as ordinary income between 10 to 39.6 percent depending on your tax brackets. The coins are valued at the historical price on the date the action occurred, so you must look up the spot price on a site like CoinMarketCap.com.
If you have made more than a handful of trades, and especially if you have used multiple exchanges, it can be a nightmare trying to calculate the capital gains, even for an experienced accountant. Fortunately there are a handful of websites that can import your trade data, look up the historical prices, and calculate the gains on each trade.
Our recommendation is to use GetCryptoTax.com because it is cheap, user-friendly, and almost anonymous.
This app has one of the slickest user interfaces out there and provides a hand-holding, informative tutorial to help you extract your trade data from exchanges. It uses spreadsheet imports instead of API connections because, if you set up your API access incorrectly, the app could potentially trade with your money! They don’t have a large list of exchanges yet, but they are adding new ones almost every day; you can email them with recommendations.
GetCryptoTax.com just launched in April 2018, so if you sign up early enough, you can download your reports for free while they are beta testing – they only ask that you give feedback on any bugs you may find or features you would like to see. They plan to eventually price it around $10.
Bitcoin.tax has been in operation since 2013, so they have worked out the kinks by now and have a lot of options.
You can connect all of your exchanges to it via their API keys and it will import your trades and calculate the data for you to give to your accountant. You can even choose which cost basis you want to use and they will recommend which is cheapest; we don’t recommend using anything other than FIFO, though, as the other methods may raise red flags with the IRS. If you do not want to give them access to your exchanges via API, you can still upload spreadsheets like GetCryptoTax, but it only accepts one spreadsheet format and each exchange has its own unique format so we found this feature to be quite impractical to actually use.
Bitcoin.tax starts at $29.95 per year for 10,000 transactions and goes up to around $100 for higher volume traders.
Cointracking.info has also been around since April 2013 and has built a lot of features by now. Although we do not recommend it to the average user due to its overwhelming complexity, it can be a real boon to hardcore traders or accountants who are willing to invest the time to learn their way around it.
The cheapest option for tax preparation costs 0.012 BTC ($84 with Bitcoin currently at $7,000 USD) for up to 3,500 transactions. You can get unlimited transactions for 1 year for 0.019 BTC ($133) or unlimited lifetime for 0.289 BTC ($2,000 USD). This could be a great option for serious traders, although as more competitors enter the market and develop new features, we expect prices to come down.
Cointracker.io is another relatively new site that launched in August 2017. Like Get Crypto Tax, it has a pretty nice user interface. It does not seem to offer spreadsheet uploads but it can do API access like the other sites and even has a feature to read trades from your public wallet addresses.
Cointracker.io starts at $49 for 100 transactions, $149 for 1,000 and $999 for 15,000.
Disclaimer: This is not intended to be tax or legal advice. Please consult your own professionals.
