Investing can be intimidating, especially when you are new to it. After all, it doesn’t come without risk. The good news is that plenty of different techniques are available, suitable for all investor types and risk tolerance, ranging from low-risk investments to high-risk, high-reward strategies for more seasoned investors. But, as with everything in life,
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
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 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
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
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
Tax experts weigh in on how the IRS views crypto trading profits, gifts, mining rewards and more. Tax filing day may be months away, on April 18, 2023, to be exact. But, if you’ve bought, sold, traded, earned or lost cryptocurrency this year, now is the time to prepare. This piece is part of Coindatacap.com Tax