How do I follow exchange rates?
How do I stay up-to-date with the ever-changing cryptocurrency exchange rates? Are there any reliable sources or tools that I can use to monitor the fluctuations in real-time? Is it important to track multiple currencies or should I focus on just a few? What factors can influence the exchange rates and how can I predict potential changes? Additionally, are there any risks associated with relying solely on automated tools or services for tracking exchange rates?
Can the IRS track decentralized crypto?
As someone who deals with cryptocurrency on a regular basis, I'm curious about the IRS's ability to monitor decentralized crypto transactions. With the rise of decentralized finance and blockchain technology, it seems like transactions can occur anonymously and without the need for intermediaries. So, can the IRS really track decentralized crypto, and if so, how do they do it? Are there any specific tools or methods they use to identify and tax cryptocurrency transactions?