Law for Selling Bitcoin to Your Friends and Family

Law for Selling Bitcoin to Your Friends and Family

People, whether they are the client or the entrepreneur, do various business transactions every single day which can be time-consuming and hassle. But with the emergence of technology through-out the decade, business transactions have become more convenient for everyone. Now, every Tom, Dick, and Harry can do trades online which consumes lesser time and is […]

A Better Understanding Of Cryptocurrency Regulation

A Better Understanding Of Cryptocurrency Regulation

Within the digital currency world, cryptocurrency regulation is frequently viewed as a murky term, especially when someone considers the ideal principles described in the hallmark Bitcoin whitepaper of Satoshi Nakamoto. The ideological goal was to produce a financial system that depends on no third party, nor managed by outside actors such as central banks or […]

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 […]

A No-Nonsense Guide to US Bitcoin Taxation

A No-Nonsense Guide to US Bitcoin Taxation 1

Many people who have already jumped onto the “Bitcoin Bandwagon” and those who are interested in riding in it have one simple question – is bitcoin taxable?  In the case of the United States, the answer is yes. Using Bitcoin as a medium of exchange and investment has tax implications. Still, there seems to be […]

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

Bitcoin Investing 101: Understanding the Different Strategies to Invest in Bitcoin 2

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 accept bitcoin as a medium of exchange, the bulk of bitcoin […]

What Is Bitcoin? A Practical Sense of the Popular Cryptocurrency

What Is Bitcoin? A Practical Definition

Due to the rise in popularity of Bitcoin, many people are eager to know what it is and how it works. But finding out the answers to these questions lead some starters to a great deal of confusion.  In this article, I will try to help you understand what is Bitcoin in the simplest way […]