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What Are Crypto Taxes?
What Are Crypto Taxes?

What Are Crypto Taxes?

Last Thanksgiving, Bitcoin was in the middle of a bull run. This resulted in a record high of $19,511 just before Christmas. Now, Bitcoin is worth just $3,752.If you bought Bitcoin and other cryptos when their prices were high, there’s a silver …

Ethereum: A One-Stop Guide
Ethereum: A One-Stop Guide

Ethereum: A One-Stop Guide

While cryptocurrencies haven’t yet made fiat money obsolete, they’re slowly taking over as a legal tender for online transactions. These digital currencies are fast becoming an alternative for transactions by the government, big organizations, …

What Is Ripple?
What Is Ripple?

What Is Ripple?

When asked “what is Ripple?” very few people out there can actually explain the concept behind it, let alone its function. It’s important to understand that Ripple is a dual entity, meaning it’s both a platform and a currency. The Ripple …

Bitcoin Whales: Everything You Need to Know
Bitcoin Whales: Everything You Need to Know

Bitcoin Whales: Everything You Need to Know

What Is a Bitcoin Whale? At this moment in time, the cryptocurrency market has a total capitalization of over $200 billion USD. As you may imagine, these funds aren’t distributed evenly, which means that people can individually own anywhere from …

Bitcoin Forks: The Ultimate Guide
Bitcoin Forks: The Ultimate Guide

Bitcoin Forks: The Ultimate Guide

What Is a Bitcoin Fork? If you are a cryptocurrency user, chances are that you may have heard about forks. The term is fairly technical and is often ignored by average users since it doesn’t require crypto holders to do anything. However, …

Who Is Satoshi Nakamoto?
Who Is Satoshi Nakamoto?

Who Is Satoshi Nakamoto?

who is satoshi nakamoto Satoshi Nakamoto represents the pseudonym used by the anonymous creator of Bitcoin. He is the person, or group of people, responsible for writing the “Bitcoin: A Peer-to-Peer Electronic Cash System” white paper and …

What is Blockchain Technology?
What is Blockchain Technology?

What is Blockchain Technology?

You’ve probably been hearing a lot about blockchain. It comes up anytime people are discussing new ways of automating processes without any centralized server or authority. So, what is blockchain exactly? Consider this your ‘Blockchain for …

What is Distributed Ledger Technology?
What is Distributed Ledger Technology?

What is Distributed Ledger Technology?

What is a Distributed Ledger in a Nutshell? Distributed ledger technology, also known as DLT, represents a system that records digital asset transactions. Its main feature is that transaction details are recorded on multiple databases, rather than …

How Do Bitcoin Transactions Work?
How Do Bitcoin Transactions Work?

How Do Bitcoin Transactions Work?

How Do Bitcoin Transactions Work in a Nutshell? On the surface, they’re fairly easy to understand. When a person wants to send someone else some Bitcoin, they enter the recipient’s address and the amount and then click Send. This is as far as …

What Is the Lightning Network?
What Is the Lightning Network?

What Is the Lightning Network?

What Is the Lightning Network in a Nutshell? The current implementation of Bitcoin is great for the cryptocurrency’s current needs. However, the blockchain can only handle up to seven transactions per second, meaning that the network isn’t …

What is an ICO?
What is an ICO?

What is an ICO?

What Is an ICO in a Nutshell? Granted their popularity, more and more people are wondering what an ICO is. Essentially, it represents a crowdfunding method, done via digital currencies. During an ICO, a start-up often sells ICO coins—or …

What is Bitcoin Mining?
What is Bitcoin Mining?

What is Bitcoin Mining?

What is Bitcoin mining in a nutshell? To function, traditional currencies require a centralized system that performs checks, validations, and verifications. Bitcoin is no different, yet because of its decentralized status, it employs a different …