Category: Cryptocurrency

One of the highlights of Bitcoin when it was first introduced was the relative anonymity with which Bitcoin users could buy, sell, and trade Bitcoin. While all transactions are recorded on the blockchain, they merely record which addresses sent Bitcoin where, with no one being able to tie a single address to an individual person. […]

According to Chinese sources, the People’s Bank of China is pulling out all the stops in an effort to develop its own digital currency. In the aftermath of a crackdown on cryptocurrency trading and cryptocurrency mining, many analysts thought that the country was intent on controlling the digital currency space within its borders, although it […]

Coinbase is perhaps one of the best-known cryptocurrency exchanges to most Americans. But the company was just recently the target of a very sophisticated and long-developing hack attempt. Using various methods to develop an attack, hackers sought to penetrate Coinbase and ultimately make off with significant amounts of cryptocurrency. Thankfully the hack was detected and […]

Ever since Bitcoin’s meteoric rise to prominence in 2017, the cryptocurrency world has been full of imitators attempting to mirror Bitcoin’s performance. But Bitcoin has done as well as it has precisely because it was unique, disruptive, and filled a niche that was underserved. Other cryptocurrency imitators don’t bring anything new to the table, in […]

Facebook’s Libra cryptocurrency project has probably been the most hyped and most talked-about cryptocurrency project this year. From those touting Libra as the greatest thing since sliced bread to those condemning Libra as a threat to the world financial system, it’s not difficult to find an opinion that someone holds on the controversial cryptocurrency. But […]

While Bitcoin and cryptocurrencies have made great strides in recent years in becoming more mainstream, there’s still a lot of work to be done in order to make cryptocurrency something that’s completely normalized. And with growth in the cryptocurrency industry stabilizing, cryptocurrency firms are doing everything they can to bring in new business. One of […]

Many cryptocurrency enthusiasts and analysts have suggested that Bitcoin is digital gold. That’s a pretty heady comparison, but does it really pan out? After all, gold has a track record dating back thousands of years, while Bitcoin has only been around for a decade. But recent price movements suggest that, yes, Bitcoin may be considered, […]

The launch of Facebook’s Libra cryptocurrency project has really shaken up the world of finance. Techies have gone gaga over Libra and the potential instant global reach of the new cryptocurrency, backed by Facebook and its billions of users worldwide. And while governments have taken a critical and skeptical stance towards Libra, Facebook isn’t the […]

Recent reports have indicated that a number of cryptocurrency holders have received letters from the IRS informing them that they may owe taxes on their cryptocurrency holdings. According to copies of the letter, the IRS is telling people that the agency has: “…information that you have or had one or more accounts containing virtual currency […]

Bitcoin has been around for about a decade now, and its influence on world financial markets cannot be understated. While acceptance of Bitcoin still isn’t as widespread as many Bitcoin adherents would like, it’s nonetheless an accepted asset, currency, and store of value whose utility is widely recognized. Bitcoin’s price and performance is assessed every […]