Here's the scenario:
1. Buy BTC and ETH on CB with USD, hold them.
2. Months later, buy BTC/ETH, transfer to another exchange (Bittrex/Binance) and immediately buy an altcoin and hold.

So (1) isn't a taxable event because I never sold them (unless I'm forced to use FIFO reporting, then it gets murky - but my lots are very clear/specific).

(2) apparently is taxable, but since I did the entire transaction within an hour, do I still need to report it? The gain/loss would be tiny since the entire lot transaction was done within an hour (usually less).

Does Kyber pass the Howey Test? i.e considered a security

https://www.sec.gov/news/press-release/2017-131

"The Report confirms that issuers of distributed ledger or blockchain technology-based securities must register offers and sales of such securities unless a valid exemption applies. Those participating in unregistered offerings also may be liable for violations of the securities laws"