Tag Archives: bitcoin

Bitcoin (₿)

Bitcoin (₿) Bitcoin (₿) is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on the peer-to-peer bitcoin network without the need for intermediaries. Transactions are verified by network nodes through cryptography and recorded in a public distributed ledger called a blockchain.  An unknown person or group of people using the name…

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Can cryptocurrency be taxed

Can cryptocurrency be taxed? Can cryptocurrency be taxed? The whole world is watching as Bitcoin and the rest of the cryptocurrency market keep notching new record highs. But can cryptocurrency be taxed? The Internal Revenue Service (IRS) is watching, too. If you own cryptocurrencies, you need to understand the tax liability impact every time you…

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