Tag: other virtual currencies

What Is The Tax On Bitcoin Profit

The tax on bitcoin profit is a hot topic of debate for investors and government officials alike. Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are […]

How To Keep Track Of Bitcoin For Taxes

Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. As bitcoin becomes more popular, it is increasingly important for […]

Why Is Crypto Trading Not Allowed In Nyc

Cryptocurrency, or digital currency, is a form of currency that is not regulated by governments. It is created and held electronically, and is often used to purchase goods and services online. Cryptocurrency is not backed by any physical assets, like gold or silver, and its value is based on the belief that it will be […]