Americans lost a total of $1.7 billion in 2018 by investing in Bitcoin. Moreover another $5 billion in unrealized losses is also estimated. While the losses themselves may be expected, something most investors don't realize is that they can deduct these losses on their taxes.
The cryptocurrency market is no stranger to hacks and other attacks that have resulted in the theft of thousands of dollars in digital currency. Now it seems the latest asset to be hit is Ethereum Classic with chain reorganizations being detected. As CNBC reports it is possible that the reorgs — which...
On December 15th, 2017 Bitcoin reached an all-time high of $19,650. Since then a lot has changed for the star crypto asset and its contemporaries — and not for the better. Currently Bitcoin is trading south of $4,000 per coin, startups that rode the wave in are starting to crash, and concerns...
Just because cryptocurrencies are an often discussed and debated topic these days doesn't necessarily mean that the public at large fully understands them. That's where the popular crypto exchange Coinbase is looking to make a difference. In a blog post this week, the company announced their Coinbase Earn platform that...
The fee-free stock trading app Robinhood continued the gradual rollout of its cryptocurrency offering this week, announcing that Illinois had become the 29th state where Robinhood Crypto would be available to users.
For the majority of the mainstream, the rise of Bitcoin seemingly came out of nowhere. While coverage of cryptocurrencies did slowly gain steam throughout 2106 and 2017, the rising price of Bitcoin — culminating in a near $20,000 per coin high in December — brought a flurry of articles to...
Business owners in the Buckeye state will soon be able to pay for various taxes using Bitcoin. As the Wall Street Journal reports, later this week OhioCrypto.com will enable businesses to register and pay taxes using BTC. Sometime down the road, a similar option will also be available to individual taxpayers. This news,...
So much for that $6,000 floor. This week Bitcoin prices broke through that perceived bottom barrier, plummeting as low as $5,300. After weeks of stability and prices sitting comfortably in the $6,200 to $6,800 range, this dip brought prices to their lowest point this year. Of course it's also a...