Donald Trump's second term has brought new ways for people to support him financially. These methods are digital and more accessible than before. Trump's business empire has grown into the online world. This includes a social media platform, a cryptocurrency, and a decentralized finance protocol. These ventures allow people to direct money to Trump's businesses easil...
The U. S. government has decided to create a special Bitcoin reserve. This move is all about securing a piece of the digital gold rush. Bitcoin, the first cryptocurrency, has a limited supply of 21 million coins. This scarcity makes it valuable, like gold. The U. S. already has some Bitcoin, but it hasn't had a plan to use it as a strategic asset. Now, the government...
The White House has made a bold move into the world of cryptocurrency. The government is now holding onto a massive amount of Bitcoin and other digital tokens, all of which were seized during criminal or civil cases. This move, announced by David Sacks, the White House's point person for AI and cryptocurrency, is part of a new executive order. The goal? To create a S...
The world of finance is always changing, and the recent events have shown us that. We are talking about the Russian-Ukrainian crisis and the Silicon Valley Bank (SVB) collapse. These events have been a test for both traditional and digital assets. Let's talk about Bitcoin. Many people thought it would be a safe haven during the geopolitical crisis. But, it t...
President Trump has finally taken action in the world of digital assets. But if you thought he was creating a Bitcoin stockpile, think again! His executive order, titled "Strengthening American Leadership In Digital Financial Technology, " doesn't do that. Instead, it revokes an order from the previous administration that looked into monitoring digital assets and dev...
President Donald Trump has signed a new executive order aimed at boosting the use of cryptocurrencies in the United States. This order also considers creating a national digital asset stockpile, marking a shift from Trump's earlier stance as a critic of crypto assets like Bitcoin. The order comes after Trump's appointment of venture capitalist David Sacks as the coun...
Do you own any Bitcoin, Ethereum, or Ripple? You might wonder if that makes you a digital asset owner. Blockchain tech, often referred to as a virtual ledger, records transactions. These cryptocurrencies use it to keep trades safe and transparent. So, are these digital coins a type of property? Unlike a house or a car, they're not physical. But in our digital age, ow...
Did you know that trading Bitcoins in the EU doesn't involve VAT? The EU Court set this rule back in 2015 with the "Skatteverket v. David Hedqvist" case. The decision sparked from a Swedish citizen, David Hedqvist, who queried the Swedish Tax Authority about Bitcoin trades. The ruling considers such transactions VAT-free under the EU's VAT Directive. This means tradi...
Have you ever thought about what happens to your crypto when you're gone? It’s a tricky subject because you can’t just take someone’s digital assets without confirmation that they’ve passed away. This is where the Tales From the Crypt Protocol comes in. It keeps things secure by ensuring privacy until the time is right to transfer these valuable assets. This protoco...
Are you a crypto trader? The US government is about to make your life a little different. The Treasury Department and IRS have rolled out new rules that will change how cryptocurrency exchanges operate, especially when it comes to taxes. From now on, if you use a centralized exchange like Coinbase, you'll get a form called 1099-DA. This is basically the crypto versio...