Bitcoin

Cryptocurrencies are becoming more important and relevant for both short and long-term investments. As a result, numerous countries worldwide are looking at ways to adapt, regulate, and tax them. In the United States, the Internal Revenue Service (IRS) classifies crypto assets as property. Bitcoin falls under the same regulation. So, when you sell, trade, or exchange BTC into USD or other cryptos, you have to pay a tax on the profit, if there is one. If you want to minimize or…

As investors shift their interest from traditional equity to digital assets, cryptocurrencies become more relevant in today’s financial world. However, nobody wants to gamble their fortunes into a strong but still emerging crypto market. So, in recent years, insurance companies have been looking at coverage options for those who want to add Bitcoin, Ethereum, or DeFi to their investment portfolio. In 2020, as a global pandemic is ravaging the world and the financial markets are dwindling, insuring your investments, digital…

Sociologists have been trying to separate Generation Z from millennials for years. However, the young people’s intertwining behaviors, interests, and creeds made the task difficult, if not confusing. The year 2020 seems to be the turning point in dissociation between members of consecutive generations. Global events, technological advances, and even Bitcoin are among the factors that influence this much-expected step in societal evolution. The Present-Day Context The ongoing COVID-19 pandemic and the subsequent, unavoidable economic crisis will shape the future…

Donating Bitcoin or any other cryptocurrency to charity is a noble endeavor and a win-win situation for both parties. On the one hand, those in need get potentially critical support, and you, the donor, benefit from a tax deduction on capital gains. However, if you feel crypto generous, you should understand how Bitcoin donations work. If you fail to do your due diligence, you might lose the full tax advantage you receive from cryptocurrency donations. Today, we take a close…

Bitcoin, the world's flagship cryptocurrency, has fallen by about $2,000 from its 2020 highs above $12K. The coin is currently struggling to hold support above the crucial psychological level at $10k.  The slip in BTC prices isn't that surprising, given that September has historically been red for crypto markets as a whole.  BTC's slip since Sep. 2 is mainly attributable to a massive selloff in the market. As per data from blockchain analytics firm CryptoQuant, miners are dumping their coins…

The criteria for judging a good investment include the risk profile, time frame, and goals. How much of a trade-off are you willing to make for an uncertain outcome? We could define a perfect investment as giving you better returns than anything else. An investment that fits your needs maximizes your odds of getting the best returns. So is Bitcoin that investment for you? In just over a decade, the crypto world has grown exponentially. Bitcoin is the first crypto…

Bitcoin (BTC) has emerged as a real monetary revolution that is poised to solve many issues plaguing the current financial system, including inflation and market uncertainty.  As the world's leading digital asset continues to mature and establish itself as a widely accepted store of value, more investors are entering the Bitcoin market.  As shown in the chart below by Blockchain.com, the number of unique addresses on the BTC network is on the rise as new investors accumulate coins as part…

Get the weekly summary of cryptocurrency market trends, news, and forecasts! This Week’s Summary The Crypto Market ends the week at a total market capitalization of $368 billion. Bitcoin loses 4% over the week as a result of increasing sales. Ethereum loses more than 6% throughout the week but recovers slightly on the weekend. XRP gets back over $0.27 on the weekend after losing 10% during the week There is no stopping for the DeFi craze, which now has reached…

In 2009, Bitcoin demonstrated to the world the power of cryptocurrencies. Today, these next-generation assets are set to digitize the economy. However, this wasn’t always the case. If it weren’t for developers' hard work and contributions over the years, the world might have missed the blockchain mark completely. While Bitcoin is by far the most successful digital currency, it was by no means the first. For decades, digital currency developers built upon each other’s theories, and they continue to do…