While many people have heard of Facebook's blockchain-powered digital world, the “Metaverse,” one of the most popular places investors are buying digital land and real estate is in Decentraland. Decentraland is one of the largest online gaming platforms where anyone can buy, sell, or rent virtual properties with cryptocurrency. Blockchain experts Ari Meilich and Esteban Ordano founded the [...]
People have used contracts to define and enforce the conditions of doing business for centuries. The modern world of global business and trade continues to rely on them for managing agreements and transactions. Until recently, contracts required constant oversight to ensure agreement compliance and verify transactions—an arduous and time-consuming process. Blockchain networks, which Bitcoin introduced in 2009, changed [...]
Whether you were one of Bitcoin’s early adopters, or you're just starting to explore investing in crypto, one thing all investors need to understand is how cryptocurrency increases in value. Fiat (government-based) currency values, such as the U.S. dollar, depend primarily on government regulations. On the other hand, cryptocurrency's decentralized monetary system is more challenging to track. Several [...]
Taxes are a necessary evil and capital gains taxes are no exception. Capital gains taxes are required across all purchases when money is profited after investing in any asset. These taxes can turn out a hefty sum, depending on when you gained these profits and how much profit was made. While it can seem unfair to pay taxes [...]
Does your investment portfolio take a severe hit when the stock market acts up? Are you stuck with decades left on a bond with an interest rate below market value? Do you want to do more to earn money for your retirement? Traditionally, investing meant buying stocks and bonds or exchange-traded funds (ETFs) and mutual funds, but in [...]
Many assume you can only use Bitcoin, the popular digital currency, to purchase items from the internet. However, Bitcoin has recently gained attention due to its enormous value jumps. More businesses are allowing customers to buy with Bitcoin, just like you would with any debit card or cash. Virtual currencies as a form of payment provide unique advantages [...]
In the beginning, market analysts frequently stated that “safe investing” and “cryptocurrency” were two phrases that should never appear in the same sentence. However, since the meteoric rise of the Bitcoin era, cryptocurrencies have proven their potential as lucrative investment options. While they are not without their risks, Bitcoin and other cryptocurrencies are more than the fad that [...]
Swing trading crypto is a popular method of cryptocurrency exchange that both novice and experienced traders can use. The basic idea behind swing trading crypto is to hold the electronic asset until it increases in value before selling it. While this may sound simple, it can be challenging to execute successfully without a solid plan and understanding of [...]
You’re not alone if you’re late to the game of cryptocurrency. Cryptocurrency has been around for over a decade, but the market continues to evolve. It can be challenging to keep track of all types of digital tokens, let alone manage successful investments. Although early crypto investors have boasted epic returns, the market is still growing and offers [...]
When it comes to taxes, an IRS report published in 2014 classifies cryptocurrency as property, not currency. Unfortunately, anyone who sells or trades cryptocurrency must pay capital gains taxes on the transaction. The tax code defines a capital gain as "the excess of the selling price of the property over the adjusted basis." The adjusted basis is calculated [...]
