If you don't live in a country where cryptocurrency gains aren't taxed, you'll need to figure out how to account for your bitcoin or other cryptocurrency holdings during tax season. There is a lot of ambiguity around cryptocurrency taxation because governments are still figuring out how to tax it. We need to follow the current laws even though they might be inconvenient, because if we … [Read more...]
An In-depth Look at Bitcoin Laws & Future Regulation
Bitcoin was not created to be regulated by a central authority like traditional currency, instead it was designed to be decentralized. Authorities are still trying to understand Bitcoin and the blockchain technology behind it before making any decisions about how to deal with it, especially in regards to taxes and money laundering. Presently, there is no standardized global response … [Read more...]
Overview of Software Wallets, the Easy Way to Store Crypto
A crypto wallet is similar to a bank account for fiat currency in that it is a personal interface for a cryptocurrency network that provides reliable storage and enables transactions. The security of a cryptocurrency largely depends on the security of the wallet, which is only as secure as the private keys. Wallets are generally either hot or cold. The funds in a hot wallet can be used to … [Read more...]
Is Cryptocurrency Real Money? Brief Discussion on Major Issues Surrounding Debate
Cryptocurrencies have been growing in popularity over the past few years. In 2018, there were over 1600 different types of cryptocurrencies! And the number is constantly growing. The increasing demand for blockchain developers is due to the popularity of cryptocurrencies. Based on Indeed's data, blockchain developers are highly valued as their average salary is over $112,000. There’s … [Read more...]
How to trade cryptocurrencies: A beginner’s guide to buy and sell digital currencies
Cryptocurrency has been called both the money of the future and an extremely risky asset, with opinions varied on whether or not it is something worth investing in. So which is it? Is it worth investing your money in this? This article will explain the basics of cryptocurrency in a way that is easy to understand, so that you can become more knowledgeable about the topic. In … [Read more...]
Bitcoin Mining’s Electricity Bill: Is It Worth It?
What Is Bitcoin Mining? Bitcoin mining is the process by which new bitcoins are entered into circulation. The network confirming new transactions is critical for the blockchain ledger's maintenance and development. "Mining" is the process of using sophisticated hardware to solve an extremely complex computational math problem. The computer that is the first to find the solution to the … [Read more...]
Crypto Staking Guide 2022
The year 2020 saw the rise of Decentralized Finance (DeFi), a fantastic new crypto industry that came to prominence after Compound’s token launch in June 2020. A slew of DeFi copycat protocols soon helped investors turn passive ownership of their crypto assets into lucrative passive income. This was achieved through the power of smart DeFi protocols offering incredible incentives for … [Read more...]
Predicting ETH Volatility Using Squeeth
Opyn released Squeeth in January, which is similar to an option without an expiry date or strike price. Some have suggested that it could be used to hedge Uniswap LPs, hedge all ETH/USD options, and predict the volatility of ETH in the short term. However, it is yet to be seen whether Squeeth will actually serve this purpose. Experts Predict How High Ethereum’s Price Could Go in … [Read more...]
What is the Ultimate Blue-chip Crypto Asset: BTC, NFTs, or Land?
There are now a wider variety of assets in the crypto market than there were during the last bear market. Instead of choosing to invest in different types of Cryptocurrencies, people can choose to invest in NFTs and digital land in the metaverse. It seems reasonable to assume that these new, experimental assets are riskier compared to BTC and ETH. While it's hard to measure risk … [Read more...]
State of Ethereum L2s
This is the year that Ethereum will be tested to its limits, with renewed focus on technologies that will help it to scale. even though Ethereum is still young, the ICO-driven hype is making it seem more advanced than it really is. The potential for Ethereum and web3 to create a decentralized internet that is safe and easy to use is still there, but it won't be realized until some key … [Read more...]