Digital money or digital currency refers to any means of payment that exists in electronic or digital form. That means, no longer physically carrying currency but virtually holding them in a digital wallet. Digital money can be exchanged via technologies such as smartphones, credit cards, and online cryptocurrency exchanges. A digital currency, digital money, electronic money, or electronic currency is…
Most exchanges accept some form of a bank account or bank transfer as a payment method for Bitcoin. You can use a Bitcoin debit card or withdraw cash from ATMs (Visa and Mastercard are also accepted). In the US, you can withdraw your Bitcoin with an ACH transfer, which can take up to five days. Many banks do not charge…
Non Fungible Tokens or NFTs have been the most exciting space. Interestingly NFT was searched by over 600% on Google since mid-February. NFT is directly hitting on the initial coin offering (ICO), and on top of it, NFT platforms are making millions of dollars every day. Remember, when the sports collectibles platform NBA Top Shot sales’ hit more than $7.89…
Like many leftist advocates of the digital dollar, experts say the blockchain technology that underpins cryptocurrencies does not require enough centralized trust. They see a forward-looking Ecash solution as a populist tool to combat inequality and make money more democratic by offering a token-based digital currency that stores assets such as a card or parallel account based on ledger technology…
NFTs can be bought, sold, and stored but all you need is a blockchain wallet that supports ERC standards such as ERC-721 and ERC 1155. Unfortunately, ERC 1155 is relatively new and is not yet supported by some popular wallets. To help you, we have listed some blockchain wallets that you can use to store your NFT and other cryptos…
Everything you need to know about Ethereum Ethereum is a blockchain-based software platform that is essentially used to help the world’s second-biggest cryptocurrency or digital currency by market capitalization after Bitcoin. Like other cryptographic forms of money, Ethereum can be utilized to send and receive all around the world without any others accessing your transactions or watching them. The fundamental…
As NerdWallet authors have noted, cryptocurrencies like Bitcoin are not safe, and prominent voices in the investment community have advised investors to stay away from them. A German fund targeting institutional investors has invested half of its assets in cryptocurrencies and managers are expected to take a cautious approach to weigh the risks of placing client funds in an extremely…
The $100 billion infrastructure bill passed by the Senate includes a plan to help cryptocurrency brokers obtain tax reporting requirements similar to the way stockbrokers report to the IRS customer sales. One of the ways lawmakers proposed is to pay for $1 trillion in infrastructure legislation would be to introduce a tax reporting requirement for cryptocurrency brokers, just as stockbrokers…
While the world believes in “financial freedom,” It is relatively easy or often to notice equality on this topic called “financial equality” among all genders. It has always been men’s space. From physical cash to digital currency or cryptocurrency, men ruled it. For a change, in this 21st century, we began to see women walk into the finance space. From…
Bitcoin is everything we wanted now! All the eyes on it. A few pronounce that the most popular cryptocurrency has no future and is dead. And its defenders say that its value will soon skyrocket up to 10, 100, or a thousand times more. What is reality? Bitcoin is around 12 years old. Of which only a few could estimate…