R/cryptocurrency

Cryptocurrencies are digital assets that are secured by cryptography. As a relatively new technology, they are highly speculative, and it is important to understand the risks involved before investing.< beginner poker tournaments /p>

Cryptocurrency is available as coins or tokens. The difference between them is that tokens are assets that exist on a blockchain, while coins can be virtual, digital, or tangible. Coins are more like traditional money; a digital coin has its own blockchain. Conversely, a token is created on an existing blockchain and can be used as currency or to represent asset ownership.

Units of cryptocurrency are created through a process called mining, which involves using computer power to solve complicated mathematical problems that generate coins. Users can also buy the currencies from brokers, then store and spend them using cryptographic wallets.

On 25 March 2014, the United States Internal Revenue Service (IRS) ruled that bitcoin will be treated as property for tax purposes. Therefore, virtual currencies are considered commodities subject to capital gains tax.

Bitcoin cryptocurrency

Zoals je (hopelijk) weet, bevat de blockchain de volledige transactiegegevens van Bitcoin, helemaal vanaf het moment waarop het eerste blok werd gedolven in 2009. Door de jaren heen is er een blokketen ontstaan, waardoor transacties uit het verleden ontzettend moeilijk te bewerken zijn. Om transactiegegevens te wijzigen, zou elk blok dat daarna kwam, opnieuw moeten worden berekend — en dat zou een waanzinnige hoeveelheid gegevensverwerking door computers vergen.

The Bitcoin network (with an upper-case “B”) was launched in January 2009 by an anonymous computer programmer or group of programmers under the pseudonym “Satoshi Nakamoto.” The network is a peer-to-peer electronic payment system that uses a cryptocurrency called bitcoin (lower case “b”) to transfer value over the internet or act as a store of value like gold and silver.

Mobiele wallets zijn geweldig om een kleine hoeveelheid bitcoin te bewaren voor wanneer je onderweg bent en af en toe iets koopt, maar we bevelen aan om te vertrouwen op een geavanceerde hardware wallet voor het veilig opslaan van geld dat je niet dagelijks nodig hebt. We hebben een korte handleiding voor het veilig houden van je crypto met meer details en die vind je hier!

Cryptocurrency news

Gensler’s SEC sued crypto companies and worked to regulate the industry, which the chairman said he believed was at least partially made up of securities that were trading illegally. The SEC also partnered with other regulators, including the Department of Justice, going after crypto fraudsters — most notably Sam Bankman-Fried, the infamous CEO of FTX.

“Detroit is building a technology-friendly environment that empowers residents and entrepreneurs,” Detroit Mayor Mike Duggan said. “We are excited to be one of the first major U.S. cities to explore blockchains civic applications and allow residents to use their cryptocurrency as a payment option.”

That’s part of a rally across cryptocurrencies and crypto-related investments since Trump won the U.S. presidential election. Analysts credit much of the recent gains to an anticipated “crypto-friendly” nature of the incoming administration, which could translate into more regulatory clarity but also leeway.

Cryptocurrency news today

Bitcoin was deemed a safe asset regardless of the outcome of the election — it is not considered a security, even by the Securities and Exchange Commission, and Trump has made big overtures about bitcoin like entertaining the idea of a strategic national bitcoin reserve and speaking about the need to keep all bitcoin mined in America.

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Smaller coins saw bigger moves as investors continued to digest the implications of a second term for President-elect Donald Trump. The payments coin XRP surged 11%. The decentralized finance token tied to Cardano rocketed 40%. Memecoins dogecoin and Shiba Inu coin soared 17% and 31%, respectively.

The 2024 elections in the US, Asia, Europe and Africa are poised to influence the global regulatory framework for Bitcoin and crypto. Follow CoinDesk for essential updates and expert analysis to see what’s at stake.

Prominent figures in the crypto space, Ark Invest CEO Cathie Wood and Galaxy Digital CEO Mike Novogratz, have expressed optimism regarding the approval of a spot bitcoin ETF by the SEC. With several applications pending, the crypto community eagerly awaits a positive decision, which could further legitimize and boost the adoption of cryptocurrencies

r/cryptocurrency