The global financial system is undergoing a profound transformation, driven by the convergence of cryptocurrencies, blockchain technology, and the adoption of ISO 20022, a new standard for financial messaging. This revolution is reshaping the very foundations of how money moves across borders and between institutions. At the forefront of this change are innovative projects and…
Bitcoin & Digital Assets
Bitcoin Goes Mainstream: BlackRock’s Pivotal Role in Institutional Adoption
The cryptocurrency landscape has undergone a dramatic transformation in recent years, with Bitcoin leading the charge into mainstream finance. Once considered a fringe asset, Bitcoin is now gaining significant traction among institutional investors, with industry giants like BlackRock at the forefront of this paradigm shift. BlackRock’s Pivotal Role BlackRock, the world’s largest asset manager with…
Three Estate Planning Strategies to Take Advantage of Low Cryptocurrency Valuations
Bitcoin’s value has ranged from less than a penny to nearly $20,000 since its inception a little over ten years ago now. Within the last year alone, bitcoin’s value has fallen from $11,000 to a low of around $3,500. Many other digital currencies and tokens, which are referred to as “ALT coins” have seen their…
How Are Bitcoin and Crypto Taxed?
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….
Can You Insure Your Bitcoin?
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…
How to Store Your Cryptocurrency Safely
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…
How Oracles Make Smart Contracts Work
“Oracle” has long described a person through whom a deity speaks, or a person known for giving wise or authoritative decisions or opinions. In the cryptoverse, oracles are code connecting a blockchain with the real world. They provide the data that smart contracts need in order to execute successfully. Oracles are, ironically, an intermediary in…
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