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During the Ohio State University 2024 Spring Commencement, Christopher Pan, the founder of MyIntent, an online jewelry retailer, gave financial advice to the graduating class, including his thoughts on Bitcoin. However, his remarks were met with boos from the crowd, indicating a degree of disapproval towards BTC. In his speech, Pan turned his attention to ...
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In the context of cryptocurrencies, “cost basis” refers to the initial outlay paid for digital assets. It is an important consideration when calculating capital gains or losses from the sale or disposal of cryptocurrencies. The capital gains or losses on an investor’s crypto sale are calculated as the selling price minus the cost basis. To avoid tax ...