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How Investors Should Interpret Coinbaseâs Wildly Profitable First Quarter Share to Facebook Jamel Toppin/The Forbes Collection On the back of bitcoinâs record-setting start to the year, Coinbase posted an estimated profit between $730-800 million in Q12021. It also broke records for assets under management, revenue, verified users, and active users. This stellar performance places Coinbase in an ideal position for its upcoming direct listing. That said, investors still need to make several important decisions regarding how much of their portfolio to allocate to the stock, as well as the timing of their purchase. Here are Forbesâ takeaways from its earnings call on Tuesday, April 6: ....
Webinar: Crypto-Assets And Taxes: What You Need To Know Share to Facebook Share to Linkedin As millions of people across the US start to file their taxes, questions remain about how to account for crypto holdings. With the IRS paying closer attention than ever, it is important to follow proper guidance. With the crypto markets surging over the past year, taxes have probably been far removed from the minds of most investors. However, with the filing date approaching it is important for everyone to know how to correctly fill out their forms and avoid inadvertent errors. In fact, the IRS is paying closer attention than ever to the space, as evidenced by its choice to prominently place a question about crypto holdings on the very top of the first page of a 1040. ....