Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Miles Brooks
FTX analysed: some early lessons from the UK
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
How regulation can put an end to crypto’s Wild West
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
L2 and rollups: how they work, why we need them and what’s next
Author: Roman Aliev (Strategy Marketing Director) L2 is a collective name for solutions that solve the problems of scalability and speed on blockchain, primarily in the Ethereum network. We’ll tell you about the most popular L2 protocols, their advantages and drawbacks, and what will happen to them now that Ethereum has switched to Proof-of-Stake. L2 and Vitalik Buterin’s trilemma Back in 2016, Ethereum creator Vitalik Buterin first described the so-called blockchain trilemma.
Seizing the AI opportunity in the FS sector by maximising your data
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Investing in compliance technology no matter the size of your business
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Channels External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Data quality is key for effective ID verification
Welcome to Finextra. We use cookies to help us to deliver our services. We'll assume you're ok with this, but you may change your preferences at our Cookie Centre. Please read our Privacy Policy. News in your inbox For Finextra's free daily newsletter, breaking news and flashes and weekly job board. Sign Up Channels Group External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author.
Cryptocurrency Tax Evasion: Separating Fact from Fiction
It’s one of the common attacks you’ll hear on cryptocurrency: the technology is designed for tax evasion and nothing else. While the cryptocurrency ecosystem has added millions of new investors in recent years, the space still faces the same tired attacks. In August 2021, the Nobel Prize-winning economist Paul Krugman claimed that ‘…tax evasion and illegal transactions are still the only serious uses of cryptocurrency’.
Colorado is accepting crypto for tax payments - it could be a mess or a shining example
Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe. Colorado is accepting crypto as payment for any taxes owed to the state as of Sept. 1. It was the result of a promise made earlier in the year by Colorado Governor Jared Polis, who has proven his commitment to establishing the state as pro-cryptocurrency.
Colorado is accepting crypto for tax payments — it could be a mess or a shining example
Colorado is accepting crypto for tax payments — it could be a mess or a shining example Colorado is now accepting crypto for tax payments — but if you choose to use that option, it could change the amount you owe.
Ethereum's First Mainnet Shadow Fork Goes Live as Move to PoS Continues
Ethereum's first mainnet shadow fork went live today, as the developers of the world's second-largest cryptocurrency by market cap continue transitioning the network to a proof-of-stake (PoS) model. The shadow fork is a way to "stress test our assumptions around syncing and state growth," tweeted Parithosh Jayanthi, an Ethereum Foundation developer, on April 10.
White Star Capital Raises $120M Crypto Fund for Metaverse Investments
Camomile Shumba is a CoinDesk news reporter based in the UK. She previously worked as an intern for Business Insider and Bloomberg News. She does not currently hold value in any digital currencies or projects. White Star Capital raised $120 million for its second crypto fund investing in companies developing the metaverse. The fund, DAF II, will invest in crypto networks, decentralized finance and gaming companies, it said in a press release on Monday.
3 Crypto Tax Tips to Avoid IRS Trouble
Published Apr 11, 2022 9:45AM EDT For most taxpayers, assembling tax returns and filing is a painful process. For those who had crypto activity in 2021, the process can be even more troublesome. Transfers between wallets are common for investors looking to interact with different products offered by crypto exchanges and decentralized protocols. This level of activity makes recording every taxable transaction difficult.
Fabric Ventures Completing 2 Web 3 Funds Totaling $245M: Report
Fabric Ventures is close to completing two Web 3-focused funds worth more than $245 million in total, according to a report by The Block. The first fund, which will focus on early-stage companies and has a hard cap of €125 million ($136 million), is now nearing completion. The second, which will focus on later-stage investments and is set to be capped at €100 million ($109 million), and will close later this month.
3 Crypto Tax Tips to Avoid IRS Trouble
For most taxpayers, assembling tax returns and filing is a painful process. For those who had crypto activity in 2021, the process can be even more troublesome. Transfers between wallets are common for investors looking to interact with different products offered by crypto exchanges and decentralized protocols. This level of activity makes recording every taxable transaction difficult. Miles Brooks is a Certified Public Account and is the Director of Tax Strategy at CoinLedger.
Want to See the Future of Banks? Look at Telcos
Paul Brody is Global Blockchain Leader for EY (Ernst & Young). Under his leadership, EY is established a global presence in the blockchain space with a particular focus on public blockchains, assurance, and business application development in the Ethereum ecosystem. If you want a sneak peek at how DeFi is likely to transform the banking industry, the history of the telecom industry in the U.S. may turn out to be a good guide.
A Bitcoin Tax Reporting Nightmare Is Coming In 2023
As bitcoin investors prepare for tax season, they may not be surprised to learn that misguided regulation will make tax reporting even harder in the future. You spend weeks pouring over your transaction history, trying to make sure that your tax return is accurate. Despite your best efforts, you end up getting a warning letter from the IRS saying that you owe thousands of dollars in unpaid taxes.
What You Need To Know About Taxes Before You Claim Your Next Airdrop
While crypto flights are often considered “easy money”, they also come with responsibilities. In recent months, projects such as Ethereum Naming Service (ENS) and LooksRare have delivered ENS and LOOKS tokens to their users, respectively. Both of these symbolic networks are now worth hundreds of millions of dollars in market capitalization. These air jets have managed to turn users into keen stakeholders.
What You Need to Know About Taxes Before You Claim Your Next Airdrop Original
While crypto airdrops are often considered to be "easy money," they also come with responsibilities. In recent months, projects like Ethereum Naming Service (ENS) and LooksRare delivered airdrops of ENS and LOOKS tokens, respectively, to their users. Both of these token networks are now worth hundreds of millions of dollars in market capitalization. These airdrops have been successful in turning users into fervent stakeholders.
What You Need to Know About Taxes Before You Claim Your Next Airdrop
While crypto airdrops are often considered to be "easy money," they also come with responsibilities. In recent months, projects like Ethereum Naming Service (ENS) and LooksRare delivered airdrops of ENS and LOOKS tokens, respectively, to their users. Both of these token networks are now worth hundreds of millions of dollars in market capitalization. These airdrops have been successful in turning users into fervent stakeholders.
taxes 2022 | CoinDesk
Opinion What You Need to Know About Taxes Before You Claim Your Next Airdrop Investors receiving airdrops should be aware of the tax implications of their newly earned tokens to avoid unwelcome surprises from the IRS. By Miles BrooksFeb 24, 2022 Layer 2 How Web 3 Could Change Tax Collection The traditional third-party information reporting system is incompatible in Web 3 because its transactions don’t have a third-party. What comes next? This piece is part of CoinDesk's Tax Week.
3 things every NFT investor should know to avoid a tax nightmare Original
2021 will be remembered as the year of nonfungible tokens (NFTs). In a year where names like Beeple and Bored Ape Yacht Club dominated the headlines, it’s estimated that NFTs have generated more than $23 billion in trading volume. The rise of NFTs has ushered in a new generation of investors who spend time scouring platforms like Discord and OpenSea looking for the next 100x opportunity. However, it’s important for the NFT investor of today to keep tax implications in mind.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Miles
Contact Miles, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack