Category: Bitamp Wallet Updates

The dramatic rise of cryptocurrencies like Bitcoin has birthed sizable fortunes for early investors through their continued adoption over recent years. Those accumulating the largest hoards of coins, dubbed “crypto whales,” increasingly sway market momentum and price actions. Tracking the movements of these influential entities and interpreting activities impacting their Bitcoin wallet balances grants regular […]

As cryptocurrencies continue gaining mainstream traction, more advanced trading instruments are emerging. One such innovation is leveraged tokens, which provide amplified exposure to cryptoassets like Bitcoin and Ethereum. With the right strategies, leveraged tokens present creative avenues for profits. However, they also come with heightened risks that require prudent analysis. In this guide, we will […]

Bitcoin set the blockchain revolution in motion over a decade ago by allowing peer-to-peer digital cash transactions. But a second wave of innovation now builds upon Bitcoin’s foundation to expand possibilities even further. Through smart contracts, developers aim to encode complex agreements into unstoppable software. These programs run exactly as written without exceptions or third-party […]

Cryptocurrencies have exploded in popularity over the last few years. Once an obscure digital asset, Bitcoin and other crypto coins are now mainstream. As more people buy and trade crypto, the market capitalization has skyrocketed. This creates opportunities for investors to generate passive income from their crypto holdings. In this article, we will explore 7 […]

Cryptocurrencies have exploded in popularity over the last decade. Once seen as a niche interest for coders and libertarians, digital currencies like Bitcoin now make headlines and turn up in investment portfolios. Their decentralized model offers freedom from oversight by governments and banks alike. However, that same independence requires crypto users to manage threats that […]

Bitcoin and the broader cryptocurrency landscape evolved dramatically over the past decade. But looking ahead, 2024 promises acceleration into the next era of digital asset innovation. Specifically, decentralized finance, or DeFi, stands positioned to push blockchain ecosystems into the financial services mainstream through disruptive applications optimizing lending, trading, investing and more. Integrating the best of […]

Since bursting onto the scene in 2009, Bitcoin has matured from an obscure digital experiment into a major asset class and financial instrument. Yet despite increasing mainstream adoption, many crypto investors remain content merely holding their coins long-term in a strategy known as “HODL”. While buying and holding crypto can pay off handsomely, more advanced […]

Cryptocurrency investing can be a rollercoaster ride, with prices fluctuating wildly from day to day. For those new to the crypto space, these price swings can catch you off guard if you don’t understand the tax implications. Specifically, how to account for capital losses when prices inevitably decline. But armed with the right knowledge, these […]

In the dynamic realm of cryptocurrency, investors are continually seeking strategies to maximize their gains. One approach gaining prominence is share pooling—a method streamlining the accounting of multiple crypto assets for optimal tax efficiency. This article delves into the intricacies of calculating crypto success, placing a special focus on share pooling and highlighting the pivotal […]

Decoding Cryptocurrency Tax Reporting: What To Track and Document As cryptocurrencies progress firmly into mainstream consciousness, maturing regulatory frameworks impose burdensome reporting requirements upon users interacting with these disruptive technologies still. This guide spotlights principles for navigating this compliance maze for taxpayers in the United States. We will demystify tax document essentials, provide context on […]