Cryptocurrency exchange Kraken filed 56 million crypto tax forms in 2025. Half were for amounts below $10 and three quarters below $50. One third were below a single dollar. That’s a big problem for crypto owners when it comes to filing taxes, as each of those transactions requires them to fill out a capital gains report. “These forms were not sent to sophisticated traders who made big returns from crypto,” Kraken said in an April 22 report. “The vast majority of the forms are for staking rewards measured in fractions of a cent, small purchases, and routine activity. Every single one generates a form that a real person is now…
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COVID-induced poverty will increase Bitcoin crime: Kaspersky
The cybersecurity giant also expects cybercriminals to begin using the top privacy coin Monero more
Kaspersky explains that the remote work solutions that the companies were forced to hastily set up amid the coronavirus pandemic have introduced vulnerabilities to their systems. The situation was reportedly so bad that “some literally did not even have enough laptops to provide to their employees” and “had to purchase whatever they found on the retail market, even if the machines did not comply with the security standards of the organization.”
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Jack Dorsey’s Square buys Credit Karma’s tax filing service for $50M
Crypto-friendly mobile payment service Cash App will soon help its U.S. users file their taxes
Square paid $50 million for Credit Karma’s tax filing service to integrate it into Cash App, its crypto-enabled mobile payments service.
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Just because crypto trading cost you $2,000 doesn't mean the IRS won't think you made $250,000 (Photo: PxFuel)IRS sending crypto traders tax bills they don’t owe
In many cases, the IRS has been treating every trade as gross income, regardless of gains or losses, according to CryptoTrader.tax
On Nov. 23, the firm reported one its users received a worrying notice from the IRS. The document in question was a CP2000 Notice claiming that he had underreported his 2018 income to the tune of $250,000 by failing to include his cryptocurrency investing activity on his taxes.
