As the cryptocurrency landscape continues to evolve, significant shifts in regulation are anticipated under the incoming administration led by President-elect Donald Trump. His vision for the U.S. as “the crypto capital of the planet” includes ambitious plans such as creating a Bitcoin strategic reserve and easing restrictions on crypto mining. Such moves come in the…
Bitcoin Surpasses $100,000: What’s Next for Cryptocurrency? On December 5, 2024, Bitcoin achieved a remarkable milestone, crossing the $100,000 mark for the first time. This surge in value is largely attributed to the recent nomination of Paul Atkins, a known advocate for cryptocurrencies, as the chair of the Securities and Exchange Commission (SEC) by president-elect…
On April 22, 2024, the cryptocurrency community witnessed an eagerly anticipated event: the fourth Bitcoin halving. This significant milestone occurs approximately every four years and marks a critical moment in Bitcoin’s lifecycle, significantly impacting its supply dynamics. What is Bitcoin Halving? During the halving event, the reward for Bitcoin miners—those who validate transactions and secure…
Understanding Illicit Cryptocurrency Mining Illicit cryptocurrency mining refers to the unauthorized use of computing resources to mine digital currencies without the knowledge or consent of the device owner. This type of mining often involves malicious software that covertly takes control of a device’s idle processing power, utilizing it to generate cryptocurrency while the user remains…
In the world of cryptocurrency, one common question that arises among new and seasoned investors alike is: what happens to the fiat currency when a purchase is made on an exchange like Coinbase? When you buy $1,000 worth of Bitcoin (BTC), where does that money go? This inquiry sheds light on the intricate workings of…
As the world of cryptocurrency continues to evolve, many individuals find themselves grappling with the complexities of tax reporting related to their digital assets. Recently, a member of the Mustachian Post Community reached out for guidance on how to accurately declare cryptocurrency holdings and transactions for tax purposes. This inquiry has sparked a lively discussion…
As the cryptocurrency landscape continues to evolve, the number of companies entering the space is a key indicator of its growth. Current statistics reveal that there are over 10,993 cryptocurrency companies operating worldwide, with more than 2,700 of those based in the United States alone. However, the rapid expansion of this industry is met with…
Did you suffer losses in the cryptocurrency market last year? If so, there’s good news: you may be able to significantly reduce your tax liability. Many investors are unaware that reporting these losses can lead to substantial tax savings. In fact, understanding how to leverage your crypto losses could save you thousands when tax season…
In the ever-evolving world of cryptocurrency, selecting the right wallet can be a daunting task, especially for newcomers. The discussions in online forums reveal a wealth of opinions on which wallets are best suited for storing various cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and stablecoins like USDT and USDC. Finding the Right Crypto Wallet A…
On October 31, 2008, a groundbreaking moment in financial history occurred when the enigmatic figure known as Satoshi Nakamoto released the Bitcoin white paper. This nine-page document, titled “Bitcoin: A Peer-to-Peer Electronic Cash System,” introduced the concept of cryptocurrency to the world, outlining its potential to revolutionize transactions without the need for traditional financial institutions….
