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Is Crypto Taxable?
More than 10% of Americans traded cryptocurrency in the previous year, and many are concerned about how their behavior may affect their taxes. The IRS (Internal Revenue Service) and state tax authorities in the United States must be informed of cryptocurrency sales, conversions, payments, and income. This article explains when you must pay taxes on…
Read MoreWho Controls Bitcoin and How is it valued?
One of the questions that keep popping up in the minds of digital enthusiasts is who controls bitcoin. Many people think that bitcoin is uncontrolled and therefore not sustainable. Bitcoin is popular digital money. Some argue that the value of bitcoin is significantly higher than the market value, while others argue that bitcoin is worthless.…
Read MoreBitcoin vs. Ethereum
This year, cryptocurrency has been one of the best-performing asset classes. Bitcoin first began trading in 2009, and as of Oct. 19, it was close to reaching an all-time high of almost $60,000. General Electric Co. shares were just under $3 after adjusting for dividends, and stock splits since 1995. A deep dive in Bitcoin…
Read MoreThings To Know Before You Buy Bitcoin
Bitcoin has been around since 2009. It’s a digital currency that can be used in transactions, just like any other form of money. However, unlike the dollar or euro, it is not backed by any country’s central bank and no one controls this cryptocurrency. With bitcoin being so new, there are still some questions about…
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