Category: Cryptocurrency

After months of planning and speculation, Facebook has finally announced its Libra cryptocurrency project. With a host of major corporations joining in the project, many mainstream analysts are hailing the new project as groundbreaking. But many in the cryptocurrency community are casting doubt on Facebook’s efforts. So will Libra end up being a world-changing currency […]

After the great cryptocurrency crash of early 2018, many pundits claimed that that was the end for Bitcoin and other cryptocurrencies. Falling from a high of near $20,000 in late 2017 to about $6,000 by mid-2018, Bitcoin’s popularity took a nosedive as well. For the next several months Bitcoin was in a rut, failing to […]

Bitcoin and other cryptocurrencies may have made great gains over the past few years, but just because they’re new technologies doesn’t mean that investors are exempt from paying taxes on their gains. However investors still lack certainty on many of the tax ramifications of various cryptocurrency transactions. Aside from a single document in 2014 stating […]

The major obstacle to the adoption of any new currency is consumers wondering what they can buy with it. It was no different with Bitcoin once the cryptocurrency began to rise in popularity. While some online retailers have accepted Bitcoin as a payment for years, and Bitcoin point of sale systems have been around for […]

One of the key aspects to Bitcoin and other cryptocurrencies gaining traction is their use by more and more people. The more people understand and use Bitcoin, the greater the network effects and the greater the benefit to subsequent users. And the more people use or invest in Bitcoin, the larger the user base to […]

While Bitcoin has enthused millions of investors and consumers who see its usefulness in processing financial transactions, financial institutions and government authorities have generally been less enthusiastic. That’s particularly the case with central banks, which naturally feel threatened by the threat that Bitcoin poses to their monopoly on currency issuance. So while central banks haven’t […]

With the surge in Bitcoin’s popularity in late 2017 you would think that the whole world had heard about Bitcoin by now, but there are many people who still haven’t. Thankfully that number of people who haven’t heard of Bitcoin continues to decrease year by year. Overall the number of people who have heard of […]

One of the best ways for any currency to become generally accepted is for it to be used as a payment for taxes. That’s been the case with underweight metal coins, paper currency, and a whole host of other fiat money. And while Bitcoin has been accepted for tax payments by a handful of states […]

When most people are asked what their biggest obstacle to investing in cryptocurrencies is, cybertheft is inevitably the top reason. No one fears their bank account or investment account being hacked by cybercriminals, but everyone fears their Bitcoin or other cryptocurrency investments being hacked by thieves. There’s good reason for that too, as cryptocurrency theft […]

Many investors are still put off by the relative volatility of cryptocurrency markets and of cryptocurrency prices. And while Bitcoin investors are benefiting today from upward price movement, volatility in the other direction is naturally worrisome. That has helped contribute to the development and popularity of so-called stablecoins, cryptocurrency tokens that are fully backed by […]