Cryptocurrency is a computer-generated file designed to be a completely digital store of value that isn’t connected to anything tangible in the real world. It’s like currency Short for cryptocurrency, many believe crypto could one day be as commonly used as cash and credit. Rather than paper...
Another significant benefit of investing in crypto is the transparency it offers. All crypto transactions are stored on a public ledger. This means that anyone can view the transaction history of any given cryptocurrency. The identity of all the parties involved in each transaction is hidden, but ...
Cryptocurrency is a digital asset that uses cryptography and encryption to secure and verify all of its transactions. It is decentralized in nature, meaning individuals control it instead of a financial institution like a bank.
Before we exploreUniswap, let’s take a step back and see how crypto exchanges have evolved. Before the advent of DEXs, if you wanted to trade Bitcoin or any other cryptocurrency, you had to use a centralized exchange (CEX). ThinkBinance,OKX, orKraken. These platforms act a bit like ba...
When engaging in cryptocurrency trading, it is crucial to have a clear understanding of how buying and selling orders work. To begin with, the process of buying and selling cryptocurrencies takes place on trading platforms or exchanges that allow users to place orders for specific currency pairs....
What Is Cryptocurrency? Cryptocurrency is a digital or virtual currency that uses cryptography to secure and verify transactions and to control the creation of new units. Most cryptocurrencies run on blockchain technology, a network system that encourages a transparent exchange of information, keepi...
Bitcoin or crypto ETFs: In January 2024, the Securities and Exchange Commission approved a handful of spot Bitcoin ETFs, which directly track the price of Bitcoin. This makes the cryptocurrency more accessible to the average investor, as Bitcoin ETFs can be bought and sold directly in brokerage ...
Using computers to mine cryptocurrencies requires a lot of energy and processor power. CPU usage is heavy, which means your computer will struggle to mine cryptocurrency effectively if it’s performing other tasks. That’s why legal mining often depends on dedicated hardware, rather than a PC you...
How Do Cryptocurrency Taxes Work? Because cryptocurrencies are viewed as assets by the IRS, they trigger tax events when used as payment or cashed in. When you realize a gain—that is, sell, exchange, or use crypto that has increased in value—you owe taxes on that gain. ...
Because cryptocurrency is taxed like property and similar to stocks, you need to report capital gains. The rates vary based on the amount of time you hold the cryptocurrency. Assets, including cryptocurrency, held for less than a year qualify for the short-term capital gains and losses tax rat...