When you make money on crypto, Uncle Sam's going to want a piece. It's not the most exciting part of crypto investing, but if you do invest, you need to know how taxes on crypto work. Although cryptocurrencies are still new, the IRS is working hard to enforce crypto tax compliance.

Bitcoin is regaining its dominance of the cryptocurrency universe. It now accounts for 44% of total crypto market value, the most since October, just before the latest bull market peaked, based on data from CoinGecko. Bitcoin’s renewed hegemony is a reflection of how the collapse of the TerraUSD stablecoin earlier this month has ravaged smaller tokens like Avalanche and Solana. 

It’s another bad day for the crypto markets. The market is still jittery after the mass sell-off triggered by the instability of stablecoin TerraUSD (UST). This stablecoin imploded earlier this week after it failed to hold its 1-to-1 peg with the U.S. dollar. UST is currently trading at less than $0.45.

Need more time to prepare your federal tax return? This page provides information on how to apply for an extension of time to file. Please be aware that: An extension of time to file your return does not grant you any extension of time to pay your taxes.  You should estimate and pay any owed taxes by your regular deadline to help avoid possible penalties. You must file your extension request no later than the regular due date of your return. If you don't know where to start you can always contact us and hire an expert to do it for you.

Below are the 2022 US tax deadlines for the 2021 tax year. January 18, 2022 Deadline for Individuals to pay Quarter 4 of their 2021 Estimated Income Tax payment. If you have income that does not have US Federal tax withholding or the income cannot be offset using deductions or foreign tax credits, pay your estimated taxes by this date using Form 1040-ES. March 6, 2022

The April 18 tax deadline is quickly approaching. If you haven’t filed your taxes yet and are starting to feel the pressure, you’re not alone. According to a recent IPX 1031 survey, one-third of Americans say they wait until the last minute to file their taxes. But if tax season snuck up on you this year, there’s no need to panic — you can always request a tax extension.  

NFTs: the basics It’s hard not to have heard about NFTs during 2021: Beeple’s record sale, Art Magazines, Sotheby’s auctions or maybe from one of your artist friends, a lot of information has been circulating and also a lot of misinformation.

KEY POINTS:

Kuna, a long-running native crypto exchange, sees a swift change in client activity amid currency controls and the hryvnia at all-time lows.  Bitcoin (BTC) and altcoin trading volumes have surged at a major Ukraine cryptocurrency exchange in the aftermath of Russia’s invasion, data shows.

The top 10 cryptocurrencies analysis articles aim to provide you with the most comprehensive but not overloaded picture of the cryptocurrency market. The top 10 cryptocurrencies price news and changes are researched by professional traders and investors, giving you the opportunity to have a perfect ground for making your own investment choices. Cointelegraph's cryptocurrencies analysis is the most efficient and swift way to keep track of the cryptocurrency market and its development.