The Industrial Giants That Endorse Bitcoin

Cryptocurrency keeps making a boom in the market, attracting even retail investors to join the crypto ecosystem. The major investors of this growth circle are industrial giants. These giants have their focus on cryptocurrencies, mainly Bitcoin, because of the benefits therein. That is why they continue to invest in Bitcoin as a cover against inflation comprehensively and inspect the blockchain network. Without a doubt, the involvement of these giants is evident that Bitcoin is here to stay and growing stronger by the day. But, who are these giants? Below is…

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The Cryptocurrency Is Hiking Prices

While the COVID-19 pandemic continues to be the downfall of the global economy, the crypto market continues to record gains. Many cryptocurrencies have emerged to cater to the high demand for Bitcoin and other cryptos because of this pandemic. Cryptocurrency market funding powered by Bitcoin’s growth just surpassed the $1 trillion mark. From this significant growth, Bitcoin is responsible for approximately 69% of the total market share. Moreover, nearly six months ago, Bitcoin’s price was $7800, and currently, the price is at 32500, which is roughly a 400% hike in…

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Guidance on Tax Rules for Buying and Selling Crypto

Buying and selling Bitcoin for a profit makes you subject to capital gains taxes. Capital-gains taxes occur whether you exchange Bitcoin for dollars or other cryptocurrencies for a profit. Also, it is a similar case when you buy Bitcoin, it increases in value, and then you exchange it for services and products. The IRS Revenue Ruling occurred twice in 2014-21 and 2019-24, offering guidance on crypto tax issues. The serious resolve by the IRS in 2014 stated that cryptocurrency is the property and not currency for federal tax uses. This…

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Experts Recommend Ways to Excel in Crypto Trading

What does it take to make money with cryptocurrency? The cryptocurrency trading market is becoming the dominant ‘sheriff’ in town in trading into the financial world. Regardless of the type, such as Bitcoin, Ethereum, Litecoin, and others, the growing trends and unpredictable trading patterns give cryptocurrencies a well-known reputation. Even though crypto trading is still new to the financial world, there’s a confident prediction of growth increasing shortly. Because of this, it is becoming very popular with many individuals and organizations looking to trade. However, it would be best to…

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The Difference Between Crypto & Futures

Crypto

A lot of people actually don’t know the difference between crypto and futures. The differences are interstellar. They are very different. Crypto means crypto currency. Crypto currency is an amazing form of currency that is decentralised. It is not controlled by any central authority. Crypto currency is incredibly secure, lightning fast and anonymous. For example, bitcoin is a crypto currency. Futures basically means foreign exchange. I am sure you know what for an exchange is. Foreign exchange is the exchange of one currency for another. For example, exchanging GBP to…

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