The Celsius Network bankruptcy and the failure of Terra have caused many questions for taxpayers caught in the middle. Throughout 2022, the crypto economy has been in the throes of a bear market, which has taken a heavy toll on investors, platforms and protocols. While investors have watched the value of their holdings drop, there
Crypto Market Taking a moment to employ the right tax-reduction tactics could wind up saving you thousands on your tax bill. Cryptocurrency and digital-asset markets have seen extreme drawdowns throughout 2022. With bitcoin (BTC) alone down over 50% this year, the portfolios of many investors are in the red this year. While investors are feeling
Fantom [FTM ] is a smart contract-enabled blockchain platform aiming to address the decentralization, security and scalability tradeoffs many blockchains face. These three elements are commonly referred to as the “blockchain trilemma,” meaning a focus on two has often required a tradeoff on the other. Fantom aims to overcome these tradeoffs and make improvements across all three with
Ethereum (ETH) is the second most popular cryptocurrency after Bitcoin. Founded by Vitalik Buterin and Gavin Wood in 2015, today Ethereum’s market capitalization represents approximately 20% of the $1.1 trillion global crypto market. There are some distinct differences between Ethereum and the original crypto. Unlike Bitcoin (BTC), Ethereum is intended to be much more than just a medium of
Discover everything about Altcoins in this comprehensive guide. Learn what Altcoins are and how they can diversify your crypto portfolio. In the world of cryptocurrencies, altcoins have emerged as a popular alternative to Bitcoin. While Bitcoin remains the most well-known cryptocurrency, altcoins offer a diverse range of digital assets with unique features and functionalities. This
The Binance Exchange is a leading cryptocurrency exchange founded in 2017. It features a strong focus on altcoin trading. Binance offers crypto-to-crypto trading in more than 350 cryptocurrencies and virtual tokens, including bitcoin (BTC), ether (ETH), litecoin (LTC), dogecoin (DOGE), and its own coin, BNB. History of Binance Exchange Join Now Binance Win Up to $100 Binance was created in
Cardano is a blockchain platform designed to process transactions using a dedicated cryptocurrency called ADA. The Cardano platform can handle all kinds of transactions, but the real goal is to become the “Internet of Blockchains,” creating an ecosystem that allows seamless interchangeability between different blockchains. Let’s look at how Cardano (ADA) stacks up against the other major
If you’re a high earner or someone who lives in a high-tax state, you should look into tax-loss harvesting. You may be able to save up to 50% on your capital gains tax bill. This year has not been kind to any crypto investor’s portfolio. Fortunately, there’s one silver lining for all bag-holders with steep
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