After months of planning and speculation, Facebook has finally announced its Libra cryptocurrency project. With a host of major corporations joining in the project, many mainstream analysts are hailing the new project as groundbreaking. But many in the cryptocurrency community are casting doubt on Facebook’s efforts. So will Libra end up being a world-changing currency […]
Bitcoin and other cryptocurrencies may have made great gains over the past few years, but just because they’re new technologies doesn’t mean that investors are exempt from paying taxes on their gains. However investors still lack certainty on many of the tax ramifications of various cryptocurrency transactions. Aside from a single document in 2014 stating […]
With the surge in Bitcoin’s popularity in late 2017 you would think that the whole world had heard about Bitcoin by now, but there are many people who still haven’t. Thankfully that number of people who haven’t heard of Bitcoin continues to decrease year by year. Overall the number of people who have heard of […]
When most people are asked what their biggest obstacle to investing in cryptocurrencies is, cybertheft is inevitably the top reason. No one fears their bank account or investment account being hacked by cybercriminals, but everyone fears their Bitcoin or other cryptocurrency investments being hacked by thieves. There’s good reason for that too, as cryptocurrency theft […]
The major news impacting markets this week was President Trump’s decision to introduce tariffs on all Chinese imports. Existing tariffs will rise from 10% to 25%, and all imports that previously were exempt from tariffs will have new tariffs placed on them. China retaliated by placing tariffs on $60 billion worth of US exports to […]
It seems like only yesterday that Bitcoin trading began on financial markets. The first futures markets for Bitcoin opened in December of 2017 to great fanfare. But since that time new developments in Bitcoin trading have been few and far between. Proposals for Bitcoin exchange traded funds (ETFs) have languished before regulators for months and […]
One of the most prevalent fears among cryptocurrency investors is that of hacking. It seems that every day brings new reports of thieves attempting to steal from cryptocurrency investors and companies. Whether it’s cryptojacking, phishing, or outright hacks, there are numerous ways for criminals to get their hands on crypto assets that aren’t adequately secured. […]
With cryptocurrency debit cards now a reality and no longer just a dream, how long will it be before Bitcoin becomes the dominant method of payment worldwide? According to recent reports, if Bitcoin continues its current pace of adoption it could gain more widespread adoption than its competitors within a decade. Visa, Mastercard, Paypal, and […]
According to the World Economic Forum, over 40 central banks around the world are eyeing the opportunities afforded by blockchain technology, many with an eye towards issuing their own digital currencies. But while studying the technology is one thing, actually getting to issuance of a digital currency is quite another. Thus far only one relatively […]
A recent study of Bitcoin trading claimed that about 95% of all reported Bitcoin trading volume is a hoax. The transactions are mostly spoofed in an attempt to manipulate Bitcoin prices for various reasons. If that is in fact the case, does it even make sense for people to invest in Bitcoin? It’s important to […]
