Cryptocurrencies have given people new ways to make money, but they have also become a digital alternative to more traditional ways of exchanging money, like cash or credit cards. Recent increases in the price of Bitcoin have shown that cryptocurrency is a good way to invest, and the positive buzz around the blockchain technology that […]
How To Get Started With Cryptocurrency? 5 Things To Consider Before Investing
Even though India hasn’t made up its mind about how to regulate cryptocurrencies, people and investors in the country haven’t stopped using them. By investing in or buying cryptocurrencies to pay for things, they have been able to get returns on their investments that have never been seen before. People are most likely to get […]
Is Cryptocurrency Considered A Taxable Item?
Since at least 2014, it has been clear that bitcoin income would be taxed. In IRS Notice 2014-21.1, the IRS talked about the basics of how to tax bitcoin. In this notification, virtual currencies were put in the category of property instead of foreign money. When used in a transaction, its value is based on […]
How Does Crypto currency Mining Work?
Mining is the process of checking and approving transactions on the blockchain. It’s also the way that new units of a cryptocurrency are made. Miners use a lot of computer power to do their work, but this is what keeps a blockchain network safe. Miners who are honest and do a good job are rewarded […]