Billionaire investor Ray Dalio told Yahoo Finance last month that bitcoin is “not an effective store hold of wealth” because it is too volatile. Winklevoss slammed Silbert for “bad faith stalling tactics” in another open letter last week, giving Silbert and DCG until January 8 to find a solution. The Gemini exec claimed Silbert borrowed …
Your gain or loss is the difference between the fair market value of the services you received and your adjusted basis in the virtual currency exchanged. For more information on gain or loss from sales or exchanges, see Publication 544, Sales and Other Dispositions of Assets. For more information on basis, see Publication 551, Basis …
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