With federal regulation of Bitcoin and cryptocurrencies basically remaining stagnant, many states have taken it upon themselves to clarify the status of Bitcoin and cryptocurrencies. Ohio recently became the first state to accept Bitcoin as a payment for taxes. Online retailer Overstock already stated that it would pay some of its Ohio taxes in Bitcoin. […]
Most cryptocurrency investors choose one of two ways to store their cryptocurrency holdings: they either hold them with a cryptocurrency exchange or they utilize investment vehicles such as cryptocurrency IRAs and hold their assets with custodians. Unless investors look closely underneath the hood, they may not see the difference between the two, and may not […]
The fear of theft and hacking remains one of the issues keeping many people from trying to invest in cryptocurrencies. And recent research indicates that those people have every reason to remain fearful. Lat year an estimated $1.7 billion worth of cryptocurrencies were stolen from their owners, mostly from cryptocurrency exchanges. Total market capitalization of […]
State lawmakers in the US have made several proposals over the past few years for their states to accept Bitcoin in payment of taxes. Most legislative proposals haven’t gone anywhere, dying in committee or failing when voted upon. But last year Ohio became the first state to accept Bitcoin as a payment for taxes, thanks […]
One of the concerns many investors have with possibly investing in cryptocurrency is the risk of becoming susceptible to hackers. Thankfully, many of those concerns are able to be addressed through taking basic security measures. And investors in Bitcoin IRAs have the benefit of working with custodians who are able to use secure vaults, hard […]
One of the key aspects to the adoption of any currency throughout history has been the ability for people to use the currency in payment of taxation. That was the case for metal coinage, paper money, and now for cryptocurrencies. With Ohio’s announcement late last year that it would begin to accept Bitcoin as payment […]
While the mainstream media focused on the drop in Bitcoin’s price in 2018, Bitcoin users and investors doubled down on their adoption of the radical cryptocurrency. Bitcoin ATMs, which allow users to buy and exchange Bitcoin, became much more popular in 2018, with an almost perfect doubling in use from 2,025 machines in 2017 to […]
To many cryptocurrency investors who got in at the height of the craze in late 2017 and early 2018, the rest of 2018 seemed like a bitter disappointment. From highs of $20,000 Bitcoin seemed to crash and burn, ending the year at around $4,000. But what many of those fair-weather friends fail to remember is […]
If there was a hot trend in cryptocurrencies this year it was initial coin offerings (ICOs). With cryptocurrencies starting off 2018 at the front of everyone’s minds, numerous companies sought to jump into the field by offering various coins. Many of those coins operated in a way similar to securities, raising funds for the company […]
In a sign that federal authorities are getting serious about cracking down on fraud in the cryptocurrency world, the Securities and Exchange Commission (SEC) recently announced its first case settled over alleged fraud in touting initial coin offerings (ICOs). The case is significant in that it targeted some of the biggest names in sports and […]
