Cryptocurrency Taxation: Navigating the Complex World of Digital Asset Taxes
Cryptocurrency, having made its presence felt globally as an investment asset, is no longer unfamiliar to the IRS. The tax rules concerning cryptocurrency, however, remain somewhat convoluted. According to the IRS, crypto may be subject to either income taxes or capital gains taxes, depending on its usage.
Cryptocurrency is not taxed if you're merely holding it, or "hodling" as the crypto community often refers to it. But if you've gained any income from crypto in a yearâeither from staking, le
The popularity of non-fungible tokens (NFTs) has been on the rise since 2017, establishing them as one of the hottest topics within the blockchain ecosystem. The appeal of NFTs has attracted an increasing number of participants to the crypto industry. The unique attribute of these tokens, combined with their inherent liquidity and tremendous potential for future growth, enables participants to trade diverse types of assets or become singular asset holders.
Exploring Layer 2 Scaling Solutions For Blockchain Networks
Introduction to Blockchain Scalability Issues
The advent of blockchain technology, with its promise of decentralized, secure, and immutable transactions, has revolutionized numerous industries. However, like any pioneering technology, it comes with its share of challenges. One of the most critical and widely discussed issues is that of scalability.
In the context of blockchain technology, scalability refers to the networkâs capacity to handle and process a growing volume of transactions effici