FACTS: Surprising Things You Should Never Try in Cryptocurrency

What Are The Things You Should Never Try in Cryptocurrency?

Cryptocurrency is a term that we’ve all heard, but there are only a few of us who understand. However, for millions of individuals, cryptocurrency makes perfect sense. It’s systematically mathematical certainty, defined rules, and resistance to being co-opted by specific interest groups make crypto one of the most apolitical and soundest financial tools ever developed. […]

5 Tips for Reporting Taxes from Your Cryptocurrency Transactions

5 Tips for Reporting Taxes from Your Cryptocurrency Transactions

About Cryptocurrency Transactions When the IRS announced The Virtual Currency Compliance campaign, paying cryptocurrency taxes became a priority for investors and innovators in the cryptocurrency space. Under the law, Virtual currency is considered property for federal tax purposes. In other words, the digital coin is treated as real estate property and is subject to capital […]

Cryptocurrency in the Eyes of the Government

Cryptocurrency in the Eyes of the Government

Government Cryptocurrency During the later part of 2019, the US government was deep into a debate on whether there should be a ban on cryptocurrencies or not. When Bitcoin started making significant strides in the US markets, critics of digital currency thought that cryptocurrency wouldn’t make it for very long. They were convinced that Bitcoin […]

Discover: IRS Issues New Tax Law On Cryptocurrency Investors

IRS Issues New Tax Law On Cryptocurrency Investors

IRS Issues New Tax Law On Cryptocurrency Investors As part of an extensive effort to accommodate taxpayers and to implement the tax laws in a fast-changing area, the Internal Revenue Service (IRS) issued additional pieces of guidance on tax treatment for taxpayers who are engaging in transactions that involve virtual currency. Cryptocurrency bearers know more […]

Bitcoin Investing 101: Understanding the Different Strategies to Invest in Bitcoin

Bitcoin Investing 101: Understanding the Different Strategies to Invest in Bitcoin 1

Bitcoin Investing 101: Understanding the Different Strategies to Invest in Bitcoin Many people see bitcoin as a digital currency that will transform the way we trade and pay for goods and services. However, not all governments around the world agree to the term “currency” that is applied to bitcoin.  Although there are already merchants that […]