Crypto is a type of global digital money in which transfers are verified and recorded using a decentralized system. This is in contrast to fiat currencies that are issued by a centralized authority, such as a government. The first cryptocurrency ever developed was Bitcoin, which was created in 2009 by a person (or group) using the pseudonym Satoshi Nakamoto. To this day, no one knows the identity of Satoshi Nakamoto. [Read more…] about What is a Cold Wallet for Cryptocurrency?
Trying to understand cryptocurrency taxes and how the IRS will treat your Bitcoin, Ethereum, and Litecoin? You’re far from alone.
If you have been following the investment news in recent months, it may have been hard to ignore cryptocurrency’s rise in popularity. In 2020, six cryptocurrencies increased by over 2,000 percent, according to data released by Messari. [Read more…] about Cryptocurrency Taxes: How the IRS is Taxing Digital Currencies in 2022
Did you know that the first Bitcoin transaction was made in 2010, when a Florida man bought two pizzas using the now infamous cryptocurrency?
At the time, two pizzas cost 10,000 Bitcoins. Today, that amount of Bitcoin is worth upwards of $80 million.
This now legendary transaction is a perfect illustration of how the value of Bitcoin has skyrocketed since its inception and answers the question, “Why is cryptocurrency popular?”
By now just about everyone’s heard of Bitcoin, but what are the other most popular cryptocurrencies? Let’s take a look. [Read more…] about The Ultimate Guide to the Most Popular Cryptocurrencies
The best way to demystify cryptocurrencies for new investors is to explain the vocabulary around it. Because cryptocurrency represents a new asset class (Bitcoin was created in 2009), most investors who are new to the space will need a primer in its basic terms.
In the U.S. alone, Gallup reports that 6% of investors now own Bitcoin, which is triple (300%) the ownership that existed only three years ago in 2018. The consulting firm added that three years ago, three-quarters (75%) of investors considered cryptocurrency to be an “insecure asset”. [Read more…] about 15 Cryptocurrency Terms Every Investor Should Know
Cryptocurrencies rise to fame and explosive price growth over the past few years will go down in the history books. In 2017 alone, bitcoins price grew over 2,000 percent, starting at $1,000 at the beginning of the year and topping out around $20,000. During the pandemic, Bitcoin surged to new highs again, this time peaking at $60,000.
With cryptocurrencies becoming more and more popular, will there be another run?
Keep reading this guide to discover valuable tips for new crypto investors that will get you started in the world of decentralized finance. [Read more…] about Is Bitcoin a Safe Investment? 9 Tips for New Crypto Investors