Crypto taxes are based on a 2014 IRS ruling that cryptocurrencies such as stocks and bonds can be treated as investments, regardless of whether the currency is the dollar or the euro. This ruling has significant implications for people who own cryptocurrencies, as it opens them up to complicated taxes. For example, if you buy coffee with bitcoin mined at…
The world’s major and famous digital currency, Bitcoin, has been going through a losing streak over the past few months after reaching an all-time high of more than $63,000 in the middle of April. Bitcoin began to fall, reaching $30,000 in June for the first time since the beginning of the year. No surprise, volatility has always been the most…
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…
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…
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…
What is Bitcoin? Bitcoin is the world’s first decentralized digital cryptocurrency and payment system, launched in 2009 by an anonymous creator known as Satoshi Nakamoto. “Cryptocurrency” refers to digital assets where exchanges are secured and authenticated utilizing cryptography – a scientific practice of encoding and decoding information. Those exchanges are put away on a network of computers distributed worldwide through…