The Ultimate Source for XRP News & Insights
Understanding XRP transactions and tax implicationsEvery XRP trade, swap, or payment can trigger a taxable event—understanding capital gains, losses, and taxable income classifications is crucial to avoid IRS penalties and…
Understanding XRP smart contract capabilitiesXRP Ledger’s smart contract layer, Hooks and sidechains like Evernode, enable fast, low-cost programmable logic—positioning XRP as a compelling platform for future digital currency innovations.Central bank…
How tax agencies classify stolen XRPTax agencies generally classify stolen XRP as a casualty or theft loss, but treatment varies—some may not allow deductions, especially after the 2017 Tax Cuts…
Understanding XRP and its classificationXRP is classified as a digital asset, and in many jurisdictions, it's treated as property—triggering taxable events when sold, traded, or used, much like stocks or…
Overview of XRP network and consensus mechanismUnlike traditional blockchains, XRP operates without mining, using a unique consensus protocol powered by validators—making its network faster, energy-efficient, and fundamentally different in structure.Tax…
Understanding XRP rewardsXRP rewards are incentives paid in Ripple’s native token, offering users a chance to earn crypto through staking alternatives, trading bonuses, or participating in platform-specific loyalty programs.How to…
Understanding XRP and its role in retirement portfoliosXRP offers lightning-fast transactions and low fees, making it an attractive digital asset for forward-thinking retirees seeking alternative growth potential in modern, diversified…
Tax implications for gifting XRPGifting XRP isn't tax-free—while givers don’t pay income tax, they may trigger gift tax if the value exceeds IRS limits, requiring proper valuation and potential Form…
Understanding XRP and its use in paymentsXRP is a fast, low-cost cryptocurrency designed for seamless global transactions, making it an ideal option for instantly converting digital assets into gift cards…
Understanding wallet-to-wallet transfersTransferring XRP between your own wallets isn’t a taxable event—it’s simply moving assets, not selling or exchanging them, so no gains or losses are realized during the process.IRS…