How to sell Loss your bitcoin for tax advantages without interrupting your strategy to hold for the long term. In my latest conversations with private clients, the number one question I get asked is about tax loss harvesting (TLH). TLH is best thought of as purposefully selling an investment you bought that is currently below
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
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
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