Bitcoin & Cryptocurrencies

One of the cypherpunks’ original goals when developing digital money was to operate outside of government control, but the Internal Revenue Service has put a big damper on that possibility as we will discuss below. People who hold crypto largely for ideological reasons can still take a chance on evading taxes, and they may succeed….

If you could buy insurance to protect your bitcoin, would you? As with all kinds of insurance, your answer is probably, “Sure—if the coverage is good and the price is right.” What might you reasonably expect bitcoin insurance to cover? Let’s think about the types of losses insurance covers for other currencies and investments. How…

If you’re going to hold cryptocurrency, as an investment or as a saving device, you need to understand how to keep it safe. Owning cryptocurrencies means taking risks that don’t exist with traditional assets. There’s no government insurance program to refund your money if the exchange that holds your assets goes under. For certain asset…

Remember when companies like Google, Amazon, eBay, and Facebook were huge disruptors in their industries? They upended their competitors in online search, book sales, reselling, and social networking. Now, these Web 1.0 and Web 2.0 companies are on the verge of being disrupted themselves by the emergence of Web 3.0. The Evolution of the Web Web…

The cryptocurrency market in its current state is mouthwatering to investors — and to scammers. Like a box of brownie mix, it promises fast returns with little effort. So many people think they could be the next to strike it rich that investors poured more than $6.3 billion into initial coin offerings (ICOs) in just…