Kraken Provides Comprehensive Guide on Crypto Taxation
Kraken Provides Comprehensive Guide on Crypto Taxation
📝 Tax Time Demystified
Kraken, a leading cryptocurrency exchange, has released a comprehensive guide on cryptocurrency taxation in the United States. The guide, available on Kraken's Learn Center, aims to educate users on the importance of understanding cost basis when calculating crypto taxes. It covers various aspects of crypto taxation, including reporting requirements, tax implications of different transactions, and strategies for minimizing tax liabilities.
Cost basis is an important part of understanding your crypto taxes. Check out Kraken Learn Center’s complete US crypto tax guide for more👇 kraken.com/learn/crypto-t…
ANIME Token Goes Live on Kraken Exchange
**ANIME token by Animecoin is now available for trading on Kraken.** Traders can start buying and selling ANIME immediately through the exchange platform. - Access trading via [Kraken's app](https://app.kraken.com/JDNW/ANIME) - Full details available on [Kraken's blog](https://blog.kraken.com/product/asset-listings/anime-is-available-for-trading) This follows Kraken's recent pattern of adding new tokens, including ASTER and upcoming BLUAI listings. **Ready to trade? Visit Kraken to get started.**
🎭 Scammer Showdown
**Kraken's CSO and Kitboga team up to expose crypto scams** At DEFCON33, Kraken's Chief Security Officer and popular scam-baiter Kitboga revealed how fraudsters target the crypto industry during Cybersecurity Awareness Month. **Key scam tactics exposed:** - Fake customer support calls impersonating exchanges - Bogus LinkedIn job advertisements targeting crypto professionals - Social engineering attacks on industry workers The presentation demonstrated real-world examples of these schemes and how they operate. One memorable moment showed a scammer claiming to be Kraken's CSO, only to be confronted by the actual CSO himself. [Watch the full DEFCON talk](https://www.youtube.com/watch?v=uLpCI6CV3Uw) *Stay vigilant and verify all communications through official channels.*
Kraken Lists Seven New Tokens Including MYX U2U and SIDEKICK
Kraken exchange added seven new tokens this week: - **$MYX** - Trading now available - **#U2U** - Listed for spot trading - **#SIDEKICK** - New addition to platform - **$ENSO** - Available for trading - **$RHEA** - Added to exchange - **$YB** - Now listed - **$SOMI** - Trading enabled The listings expand Kraken's token offerings across multiple categories. Users can now trade these assets through the platform's spot trading interface. *Check your Kraken account to explore the new trading pairs.*
🐙 Kraken Expands
**Kraken acquires The Small Exchange** to expand U.S. derivatives trading capabilities. - New futures products now available for eligible clients - Strategic move strengthens Kraken's position in regulated derivatives market **Other developments:** - Tydrohq launches on Ink blockchain - IMF acknowledges shift toward digital fiat currencies The acquisition signals Kraken's commitment to offering comprehensive trading services in the U.S. market.
Kraken Lists LCAP Index Token for Simplified Large-Cap Crypto Exposure
**LCAP token now trading on Kraken** - offering diversified exposure to large-cap cryptocurrencies through a single onchain index. Built by Reserve Protocol, LCAP simplifies crypto investing by tracking multiple large-cap digital assets in one token. This eliminates the need to buy and manage individual cryptocurrencies separately. **Key features:** - Single token provides market-wide crypto exposure - Onchain index tracking large-cap assets - Available for spot trading on Kraken - Geographic restrictions apply The listing expands access to diversified crypto investing, making it easier for traders to gain broad market exposure without managing multiple positions. [Trade LCAP on Kraken](https://proapp.kraken.com/9f1e/LCAPUSD) | [Learn more](https://blog.kraken.com/product/asset-listings/lcap-is-available-for-trading)