Nigeria is one of the countries in Africa where Bitcoin is gaining popularity. This is because of the many benefits that come with using Bitcoin. Some of these benefits include; being able to make transactions without revealing your identity, no government control, no central bank and being able to send and receive payments from anywhere […]
How To Report Crypto Interest
When you complete a tax return, you may be required to report your cryptocurrency transactions. The Internal Revenue Service (IRS) has released guidance on how to report crypto interests. Cryptocurrencies are treated as property for federal tax purposes. This means that you must report any gains or losses on your tax return. If you received […]
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How To Purchase Something With Bitcoin
If you are new to the world of Bitcoin, you may be wondering how you can use it to purchase items. Bitcoin is a digital currency that can be used to purchase items online, and it is also accepted by some physical stores. In this article, we will show you how to use Bitcoin to […]
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How Can You Get Bitcoin
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. Bitcoins are created as a reward for a process known […]
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What After El Adopted Bitcoin Legal
What After El Adopted Bitcoin Legal The legal status of bitcoin varies substantially from country to country and is still undefined or changing in many of them. While some countries have explicitly allowed its use and trade, others have banned or restricted it. According to the Library of Congress, “bitcoin is ‘a digital asset’ and […]
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What Companies Take Bitcoin As Payment
Bitcoin is a decentralized digital currency that can be used for payment by companies all over the world. In this article, we will discuss what companies take bitcoin as payment and what benefits they experience from doing so. There are many companies that accept bitcoin as payment. Some of the most notable include Microsoft, Dell, […]
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What Does It Take To Mine 1 Bitcoin
What Does It Take To Mine 1 Bitcoin? Bitcoin mining is a process that anyone can participate in by running a computer program. Miners are rewarded with bitcoin for verifying and committing transactions to the blockchain. Bitcoin mining requires a lot of resources to protect the network from attacks and to operate the large number […]
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