New Crypto Reporting Rules: The $10,000 Question
The Internal Revenue Service (IRS) has recently introduced new cryptocurrency regulations that require both individuals and businesses in the United States to report any crypto payments received that are valued over $10,000. This regulation requires filling out Forms 8300 or IRC
Bulletproof Your Crypto: Safeguarding Your Seed Phrase
In the fast-paced world of cryptocurrencies, one rule is sacrosanct - protect your seed phrase like it's a bar of gold. Why? Because in essence, it's even more valuable. In the wrong hands, your seed phrase is a skeleton key to your digital
Alex Mashinsky Arrested: Celsius Founder’s Legal Battle
Alex Mashinsky, who co-founded, and formerly presided over, the now-defunct crypto lending platform Celsius Network, was taken into custody in New York this past Thursday. The arrest followed an extensive probe into the circumstances surrounding the downfall of the company. The DOJ
Ripple Effect: XRP’s Landmark Legal Victory Against the SEC
After almost 3 years of litigation, Ripple Labs, a company specializing in the digital currency XRP, won a significant case in the New York Southern District Court. The case, initiated by the Securities and Exchange Commission (SEC) back in 2020, saw
Power of Words: Decoding The Language of a Seed Phrase
In the ever-evolving realm of cryptocurrency, fortunes are being made and lost in the blink of an eye. The allure of unprecedented financial gains has attracted legions of investors, each hoping to secure their piece of the digital gold rush. However,
Hot vs Cold Wallets: Finding Your Crypto Comfort Zone
Cryptocurrency has become a hot topic in recent years, this trend will only continue as the interest in, and adoption of, Bitcoin and other cryptos continues across the world. But with this increasing popularity comes the need for better understanding of
Custodial vs. Noncustodial Wallets: Who Holds the Key?
Cryptocurrency has transformed the way we perceive and interact with money. It offers the world a decentralized and borderless financial system. At the heart of this revolutionary technology lies cryptocurrency wallets. Just as traditional wallets provide a safe place to store and
Crypto Exchanges 2023: Top 3 For U.S. Residents
Cryptocurrencies have gained immense popularity in recent years, offering a new way to store value, and engage in financial transactions. As the demand for cryptocurrencies grows, so does the importance of choosing the right cryptocurrency exchange. Still facing regulatory uncertainty, and
Liberty & Freedom at Risk As SEC Sues Binance & Coinbase
The U.S. Securities and Exchange Commission (SEC) has filed a sweeping lawsuit against the world’s largest crypto exchange, Binance, its CEO Changpeng Zhao (CZ), and BAM Trading, the operating company for Binance. The SEC alleges that Binance violated federal securities laws
Unlock Your Crypto Success: Best Exchanges for Beginners
Cryptocurrencies are becoming more popular by the day, to that point, as of the writing of this article, the cryptocurrency space has over $1 Trillion in market capitalization worldwide. For those just starting out in the world of crypto, it can