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Bitcoin Myths | Are Bitcoins Legal or Illegal?

Despite rising in popularity over the course of 2017 and 2018, many people mistakenly believe that Bitcoin is illegal. Many Bitcoin myths stem from the mistaken belief that Bitcoin is the cryptocurrency of choice for Dark Web criminals. Contrary to popular misconceptions, Bitcoin is legal and will likely not be prohibited at any point in the near future.

Review Of Bitcoin Mixer

A Bitcoin mixer is an online service which anonymizes Bitcoin by mixing BTC coin amounts with those of several different users. Mixing thwarts attempts to track the real identities of Bitcoin users. Bitcoin mixing predominantly takes place on the dark web. However, new service Bicoinmix.org, provides secure mixing for regular (non-dark web) BTC users.

How Tax on Cryptocurrency Applies to Miners & Traders

Capital gains tax reforms for 2018 have changed how the Internal revenue Service applies tax to cryptocurrency. Traders and cryptocurrency miners need to be aware of how tax on cryptocurrency applies to their specific situation. For day traders, short-term capital gains tax will apply to every trade. For miners, cryptocurrency is taxed as income.

Cryptocurrency Tax Explained – How to Calculate Capital Gains Tax

In 2014, the U.S. Internal Revenue Service categorized all forms of cryptocurrency as property. By being classified as property, capital gains tax applies whenever cryptocurrency profits are realized. A 2017 amendment to the U.S. tax code, makes capital gains tax applicable whenever digital assets are traded for like amounts of other cryptocurrencies.

Decred Review

Developed and launched in 2016, this cryptocurrency has its primary focus on open governance, community input, sustainable financing and development. This altcoin makes use of a hybridized consensus mechanism that enables the creation of balance between miners and users, in turn enabling one of the most powerful altcoins.

Siacoin Review

The cloud storage industry is a massive industry that was estimated at exactly $178 billion as of 2017. Companies like Microsoft, Dropbox and Amazon are key players in the cloud storage industry. The term “cloud storage” basically refers to the storing of data. The Siacoin network seeks to disrupt the cloud storage industry.

Bitshares Review

Developed by Dan Larimer and launched in July 19 2014, Bitshares is an open source platform which has its primarily aim of exchanging various cryptocurrencies with the platform itself based on blockchain technology. This blockchain based network was built on the Graphene which in itself is an open source blockchain implementation.