Cointracker Tries to Make Sense of Chaotic Cryptocurrency Portfolios
*By Jacqueline Corba*
Keeping track of all your coins, wallets, and exchanges across multiple platforms can be daunting for the savviest cryptocurrency investors. That's why the San Francisco based start-up Cointracker is trying to make cryptocurrency more accessible by consolidating information in a single interface.
"Instead of having to manually enter in every single transaction you've ever done one at a time, you can connect your exchange accounts or your wallets with read-only access," said the company's co-founder Chandan Lodha on Cheddar's Crypto Craze. "It's totally independent from what other companies have done."
The software tracks digital currency across the top 14 exchanges, including Binance, Coinbase, GDAX, and others.
Cointracker's tax management tool is one of the most popular features on the platform, Lodha said. The tool allows users to manage their investments in one place, and the app can export a completed IRS form to make it easier to submit for tax reports.
The company is a graduate of Y Combinator's winter session, and it recently announced that it raised $1.5 million in seed funding. Lodha said he plans to grow his engineering team to build new features. One of his goals is to enable users to trade cryptocurrency from his platform.
For full interview [click here](https://cheddar.com/videos/how-cointracker-looks-to-bring-crypto-to-the-masses).
An independent watchdog within the IRS reports that while taxpayer services have vastly improved, the agency is still too slow to resolve identity theft cases. And National Taxpayer Advocate Erin Collins says those delays are “unconscionable.” Erin M. Collins said in the report released Wednesday that overall the 2024 filing season went smoothly, though IRS delays in resolving identity theft victim assistance cases are worsening. It took nearly 19 months to resolve self-reported identity theft cases as of January, and Wednesday's report states that now it takes 22 months to resolve these cases.
Amazon.com Inc. surpassed $2 trillion in market value for the first time in afternoon trading on Wednesday. The push higher for Amazon’s stock market valuation comes a little more than a week after Nvidia hit $3 trillion and briefly became the most valuable company on Wall Street. Nvidia’s chips are used to power many AI application and its valuation has soared as a result. Amazon has also been making big investments in AI as global interest has grown in the technology. Most of the company’s focus has been on business-focused products.
