Blog.
-
What is bitcoin and how does it work?
Bitcoin is a digital currency which operates free of any central control or the oversight of banks or governments. Instead it relies on peer-to-peer software and cryptography. A public ledger records all bitcoin transactions and copies are held on servers around the world. Anyone with a spare computer can set up one of these servers, known as a node. Consensus on who owns which coins is reached cryptographically across these nodes rather than relying on…
-
Cryptocurrency tax guide: A beginner’s guide to filing crypto taxes
Understanding crypto taxes There are millions of Americans who engage with cryptocurrencies in one form or another as they continue to be adopted across the financial world. Unsurprisingly, with the success of crypto comes the tax authorities who are eager to collect their share of the revenue from activities such as cryptocurrency trading, mining and interest earned through decentralized finance (DeFi) platforms. However, it seems like it wasn’t long ago that cryptocurrency was a niche…
-
How to mine Bitcoin: A beginner’s guide to mine BTC
What is Bitcoin mining? Bitcoin mining explained Bitcoin mining is the process of creating valid blocks that add transaction records to Bitcoin’s (BTC) public ledger, which is called a blockchain. It is a crucial component of the Bitcoin network as it solves the so-called “double-spend problem.” The double-spend problem refers to the issue of needing to find consensus on a history of transactions. Ownership of Bitcoin can be proven mathematically through public-key cryptography. However, cryptography…
-
19 Best Crypto Signals Telegram Groups in 2023
The crypto market is both volatile and unpredictable. This means that crypto investors need to monitor the market constantly to identify potential trading opportunities. This is where crypto signals become relevant. Crypto signals provide traders with real-time insights into the market, saving time and effort. This guide reviews the best crypto signals for 2023 based on past performance, fees, reliability, and more. Reviewing the Best Cryptocurrency Signals Providers Choosing the right signals provider is crucial…
-
Mining Explained: A Detailed Guide on How Cryptocurrency Mining Works
Mining Explained: A Detailed Guide on How Cryptocurrency Mining Works At its peak, cryptocurrency mining was an arms race that led to increased demand for graphics processing units (GPUs). In fact, Advanced Micro Devices, a GPU manufacturer, posted impressive financial results as demand for the company’s stock skyrocketed and shares traded at their highest level in a decade. Despite the increased demand for GPUs, the crypto mining gold rush quickly came to an end, as…