Did you know the richer you are, the more likely you are to own crypto? That’s according to a consumer study of crypto holders by PYMNTS. The crypto market is down (but holding steady) after the enormous highs in 2021. The people still holding onto crypto must see something good ahead for it, and crypto continues…
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We don’t get very many updates to our traditional financial system. Guess that’s what makes them ‘traditional’, but cryptocurrency is a recent innovation that continues to innovate. While the big name in crypto that kicked it all off is obviously Bitcoin, it’s important to look at newer cryptocurrencies and what ideas they are bringing to…
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You know, we talk a lot about the broad market movements of crypto, such as Bitcoin adoption in foreign countries and what the banking collapse means for cryptocurrency, but sometimes it’s nice to take a look at crypto itself and what new innovations are going on. It might seem like crypto has been around for a long time…
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You may remember in 2021, El Salvador became the first country to make Bitcoin legal tender. Opinions on the matter ran up and down the spectrum of cryptocurrency sentiment. Anti-crypto advocates touted that this would spell the end of the country, while crypto bulls applauded the decision and hoped other countries would follow suit. Here…
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It’s been nearly 15 years since Bitcoin came into existence, and people seem to forget its original purpose. While “crypto bros” go around hyping it as the future without fully understanding the underlying technology, and altcoins come and go, Bitcoin has remained a force in the currency market. It’s proven time and again its staying power,…
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Before we begin to unravel what’s going on with the banking system and how it affects crypto, let us first quote Trezor Bitcoin analyst Josef Tětek through Cointelegraph: “Tětek said that the current banking crisis could potentially make Bitcoin emerge as a safe haven and risk-off asset. He emphasized that Bitcoin was created soon after the world…
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Get this: a company that’s over $30 trillion in debt and whose ongoing deficit spending exceeds $1 trillion is launching a stablecoin. Well, that will never work, right? Not so fast, now. If the stablecoin in question has the full faith and credit of the United States behind it… Those are the words of Congressman…
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It’s called a tax-advantaged account for a reason. But what are the tax advantages of a digital IRA for cryptocurrency investors? Well, filing tax reports on cryptocurrencies is obviously a messy business. Capital gains and losses between various altcoins might already be reason enough for any digital asset investor to want to consult a crypto…
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You can’t be faulted for not knowing that the Securities and Exchange Commission (SEC) issued a 434-page document outlining regulatory compliance pertaining to custody. It’s the kind of news that tend to fly under the radar in favor of more bombastic headlines. The increases in institutional adoption during bear markets of the past are an example…
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Over the past months and years, we’ve made some fleeting and not-so-fleeting points about crypto regulation. Whom does it actually benefit, and isn’t it kind of antithetical to crypto in the first place? The latest bit of ruckus surrounding stablecoin regulation is giving us some answers. To make a short story even shorter, the New York State Department of…
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