The world’s first widely-adopted cryptocurrency. With Bitcoin, people can securely and directly send each other digital money on the internet. Bitcoin was created by Satoshi Nakamoto, a pseudonymous person or team who outlined the technology in a 2008 white paper. It’s an appealingly simple concept: bitcoin is digital money that allows for secure peer-to-peer transactions on
On January 3rd, 2009 — at around 18:15:05 UTC — Satoshi Nakamoto mined the very first bitcoin. Which was fitting, given that Satoshi is to Bitcoin as Alexander Graham Bell was to the telephone. The inventor had revealed the creation to a tiny online community of cryptography-obsessed computer scientists and hackers two months earlier. In
Exchange-traded funds — better known as an ETFs — are similar in many ways to mutual funds. They generally track the price of an asset (like gold) or basket of assets (like the S&P 500). And as their name suggests, they trade on exchanges and can be bought and sold like stock via a traditional brokerage
What Are Stablecoins? Stablecoins are cryptocurrencies whose value is pegged, or tied, to that of another currency, commodity, or financial instrument. Stablecoins aim to provide an alternative to the high volatility of the most popular cryptocurrencies, including Bitcoin (BTC), which has made crypto investments less suitable for common transactions. KEY TAKEAWAYS How Does Stablecoin Work? Stablecoins attempt to
A smart contract, like any contract, establishes the terms of an agreement. But unlike a traditional contract, a smart contract’s terms are executed as code running on a blockchain like Ethereum. Smart contracts allow developers to build apps that take advantage of blockchain security, reliability, and accessibility while offering sophisticated peer-to-peer functionality — everything from loans
Short for decentralized finance, DeFi is an umbrella term for peer-to-peer financial services on public blockchains, primarily Ethereum DeFi (or “decentralized finance”) is an umbrella term for financial services on public blockchains, primarily Ethereum. you can do most of the things that banks support — earn interest, borrow, lend, buy insurance, trade derivatives, trade assets, and
Even though the legality of crypto in India is still a matter of debate, new crypto tax laws are already affecting businesses and individuals. India’s current fiscal year ending in March marks the first financial year where India, the country housing the largest percentage of crypto users in the world, is finally providing clarity on crypto
Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more. Tax filing day may be months away, on April 18, 2023, to be exact. But, if you’ve bought, sold, traded, earned or lost cryptocurrency this year, now is the time to prepare. This piece is part of Coindatacap.com Tax
Bitcoin, Ethereum, and other crypto are revolutionizing how we invest, bank, and use money. At its core, cryptocurrency is typically decentralized digital money designed to be used over the internet. Bitcoin, which launched in 2008, was the first cryptocurrency, and it remains by far the biggest, most influential, and best-known. In the decade since, Bitcoin and
Cryptocurrencies like Bitcoin and Ethereum are powered by a technology called the blockchain. At its most basic, a blockchain is a list of transactions that anyone can view and verify. The Bitcoin blockchain, for example, contains a record of every time someone sent or received bitcoin. Cryptocurrencies and the blockchain technology that powers them make it