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Don’t Forget About Taxes

10/31/2017 A lthough cryptocurrency is thought of as digital money by those who purchase, exchange, sell and spend it, the IRS does not consider any of the many cryptocurrencies as currency for tax purposes. Instead, the IRS considers cryptocurrencies as ‘intangible property’. Intangible property is something a corporation or person can have transferable ownership of, but is not physical in …

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The Blockchain’s Ancient Roots

This video by What Happens Next examines how ancient tradition of using large stones for currency on a tiny island in the Pacific is not all that different from the way blockchain technology makes cryptocurrency possible. A lot of cryptocurrency explanations compare the universal blockchain ledger to a ledger kept during a poker game among friends, or something similar. This …

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Bitcoin vs. Ethereum

Although Ethereum is often thought of as similar to Bitcoin, they are more akin to cousins than siblings. Ethereum, however, leverages blockchain technology for far more than the straight-forward peer-to-peer exchange of digital currency. Let’s take a closer look. The original cryptocurrency, Bitcoin is the most widely known and used cryptocurrency. Bitcoin offers a peer-to-peer electronic cash system that guarantees …

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Bitcoin Basics

Here’s a quick and easy 90 second video about the very big picture of how Bitcoin works and what some of the advantages are over fiat currency.

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What Does ‘Crypto’ Mean?

How on earth is it possible for crytocurrencies to function as currency without a centralized banking system? Why can’t someone fake cryptocurrency transactions and mess up the whole system? The answer lies in the art and science of cryptography. The Sci Show put together this terrific 10 minute explanation of how it all works.

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How Do Cryptocurrencies Work?

Trying to understand or explain the underpinnings of cryptocurrencies can make your head spin just a bit. The best advice we have is to take 30 minutes and watch this fantastic explainer by 3Blue 1Brown.

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How To Buy Cryptocurrency

Buying cryptocurrency isn’t hard, but it can be a little intimidating to get started. That’s why we made this quick and thorough video on how to buy the most common cryptocurrencies.

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Seven Fascinating Facts About Cryptocurrency

Though the concept of b-money has been around since 1998, seven short years ago bitcoin was still a twinkle in Satoshi Nakamoto’s eye; and yet, since the first ever Bitcoin transaction in 2010, awareness of cryptocurrencies and their value has grown exponentially. I’ll be honest with you, when I first heard of cryptocurrency, I thought it was a banking system …

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Blockchain Basics

If you want to understand how cryptocurrencies work on a foundational level, you have to get a little bit familiar with blockchain technology. The blockchain is what allows for payments and other agreements to take place without the need for a third party to ascertain their legitimacy. The blockchain, in essence, is a publicly available ledger that records every transaction …

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A Brief History of Cryptocurrency

In 2008 the U.S. economy and much of the global economy was in turmoil. On Wall Street, financial behemoths like Lehman Brothers, Merrill Lynch, AIG and others were literally melting down in what became the worst financial crisis since The Great Depression of the 1930s. Lehman Brothers declared bankruptcy and the U.S. government stepped in with a giant bailout package …