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Brenda Gentry, 46, a cryptocurrency speculator from San Antonio, said she started buying Bitcoin in 2020 before switching her focus to lesser-known tokens like Bund, which is tied to a decentralized sports-betting network. Ms. Gentry’s Bund trades netted her around $400,000 in profits, she said, and her total portfolio is now in the mid-six figures,…

Cryptocurrencies are near a phase of hyper adoption, similar to what the internet experienced in the mid-to late 1990s, Wells Fargo said.  Digital assets are following an adoption pattern similar to other recent technologies, such as the internet, according to a Monday report by Wells Fargo’s global investment institute. “Adoption typically started slowly, hit an…

Regulators hope to “bring the digital currency industry out of the shadows” The establishment of rules for crypto circulation “would minimize the threat to Russia’s financial system” The Russian government and the country’s central bank have reached an agreement to draft legislation or amend existing laws recognizing crypto as a form of currency, according to…

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part…

In line with the explosive adoption of cryptocurrency, Robinhood, like most traditional financial apps, now offers a section where users can purchase crypto. Unlike the other apps listed in this guide, Robinhood specializes in enabling trading services for its users. So Robinhood not only offers the ability to buy and sell crypto, but also allows…

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.January was a bad month for the crypto market, and one expert says…

In May 2021, Joshua and Jessica Jarret requested the IRS a refund of $3,293 of income tax paid in 2019. The couple filed a legal complaint with the US District Court for the Middle District of Tennessee. They obtained 8,876 Tezos tokens through staking, and they claimed to the court that any tokens gained through…

Bitcoin was in rally mode on Friday, ascending to a two-week high above $40,000. More specifically, the cryptocurrency BTCUSD, +2.21% was trading at around $40,245 on Friday with a nearly 10% gain over the past 24 hours, according to CoinDesk data. Bitcoin is still about 42% below its all-time high of $68,991 in November. The…

Despite their volatile and occasionally inscrutable nature, cryptocurrencies are becoming more widely traded, used and held — El Salvador recently started accepting Bitcoin as legal tender, the Federal Reserve is studying whether to issue its own digital coin, and wealth managers are encouraging clients to explore crypto assets.So how does a new investor make sense…

India on Tuesday announced plans to launch a digital currency by next year and tax cryptocurrencies and NFTs as the country moves closer to recognizing cryptocurrencies as legal tender in the world’s second largest internet market. Income from the transfer of any virtual assets will be taxed at 30%, the nation’s finance minister Nirmala Sitharaman…