With a potential for tremendous appreciation, it can make sense to invest in cryptocurrency through an IRA so that future gains will escape taxation. However, holding cryptocurrency in a retirement account has traditionally been difficult. When you hold funds in an IRA (or Roth IRA), the Internal Revenue Code prohibits “direct holdings”. All retirement funds…
Within the last year, we’ve seen the coveted wealth that cryptocurrency has brought to many. Unlike brokerages, central banks, and other mainstream financial products, cryptocurrency and blockchain technology propel the world towards anonymity and security. Because of this, many crypto advocates wonder where the next hub will be. Will it be somewhere cold with low…
Day 15 of the Crypto World Cup had some neck-to-neck matches. There were four matches in total today but all eyes were on the Justin Sun vs. Satoshi Nakamoto match. Today’s matches concluded the final day of round one of the Crypto World Cup! Meet the players of this year’s Crypto World Cup. Check out the…
Speaking on CNBC yesterday, Fundstrat’s Robert Slyumer has given his opinion on the BTC charts. He believes that the current Bitcoin downtrend can only be reversed if the coin creates a short-term break, through the $6,300 mark. The Bitcoin analyst studied the Bitcoin 15-day moving average charts from May and said: “It really is a no-man’s…
Can a Bitcoin Airdrop help the people of Venezuela? The country is considered one of the world’s most oppressive monetary states. Unfair practices implemented by its government to maintain control of its people has resulted in the following; “severe shortages of medicines, medical supplies, and food have intensified since 2014, and weak government responses have undermined Venezuelans’…
Bank of England crypto opinion: Earlier this year financial and political institutions in the United Kingdom decided to respond to claims that the crypto industry has risks attached to it. This would not be the first time the UK spoke on this topic. On Thursday, June 28th, the Bank of England was the latest institution in…
Facebook acquiring Coinbase: Back in January of this year, Facebook banned cryptocurrency advertising on its platform. This move was in response to many other platforms banning ICO and cryptocurrency type advertisements – in the hopes of protecting its users from deceptive financial products and services. It seems the platform has once again shifted its stance…
Bithumb hack: Last week, the world’s 11th largest cryptocurrency exchange by its 24-hour trade volume, Bithumb, announced that it had been hacked. The initial reports suggested that close to 35 million Korean won ($31 million USD) had been taken from its platform. Several cryptocurrencies were stolen, including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Bitcoin Cash…
While it is true that blockchain technology has allowed innovators to create solutions that were previously thought impossible or implausible, there are legitimate concerns that these innovations are unlikely to reach their full potential if they are not recognized by the law. Do Smart Contracts need legal recognition? The term ‘smart contract’ was originally coined…
Ethereum (ETH) is now down 50% since the beginning of May. The market cap now stands at US$43.73 billion, with exchange-traded volume of US$3.4 billion in the past 24 hours. Transactions per day have essentially been flat since the end of April, with average transaction fees rising slightly in the same period. Pending transactions have…
