Bitcoin, Ethereum And Dogecoin Fall Despite Support From Elon Musk At Widely Anticipated Public Appearance, Tesla Stock Also Drops
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How To Profit From Bitcoin, Ether, And Crypto With Traditional Stocks
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Data analyzing in exchange stock market: the candle chars on display. Analytics price change cryptocurrency BTC to USD (Bitcoin / US Dollar), the most popular pair in the world. Big Bitcoin logo.
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Although the price of bitcoin, ether, and dozens of other crypto assets have surged this year, many investors remain on the sidelines due to a multitude of reasons, such as educational or technological hurdles, as well as friction when it comes to actually setting up a brokerage account.
Fortunately, there are many stocks and traditional securities available TODAY that allow investors to get exposure to crypto without having to directly purchase the underlying assets.
ErisX Deploys Sovos Tax Information Reporting Solution for Crypto Offerings
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Popular spot and futures platform selects tax and compliance software provider for 1099 and other third-party crypto reporting.
As the largest private filer of 1099 forms, Sovos will ensure ErisX customers meet all tax reporting regulations during the 2021 tax season and beyond. BOSTON (PRWEB) April 29, 2021 Global tax software leader Sovos today announced the launch of its integration with ErisX, a leading platform for investors for trading crypto spot and futures, to assist ErisX members with their 1099 crypto tax information reporting needs.
ErisX is an exchange and clearinghouse that includes a Commodity Futures Trading Commission-regulated futures market for Bitcoin and Ether, as well as a 24/7 spot market for Bitcoin, Bitcoin Cash, Ether and Litecoin. ErisX’s work with Sovos comes in the midst of the 2021 tax seas
Coinbase Crashes The Party
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Coinbase employee Daniel Huynh holds a celebratory bottle of champagne as he photographs outside the Nasdaq MarketSite, in New York s Times Square, Wednesday, April 14, 2021. (AP Photo/Richard Drew)
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In a watershed moment for the bitcoin and crypto industry, industry headliner Coinbase made its public debut via a direct listing on Nasdaq. It was a volatile day of trading, but it ended with the crypto firm achieving a market capitalization of $86 billion, making it the largest direct listing ever.
That said, despite this successful first day many questions and challenges remain for Coinbase as it gets used to life as a public company. Additionally, while there remains elevated interest from investors to buy the stock, there are important considerations to take into account first.
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