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Markets Update: Massive Gains Year-to-Date Across Crypto-Markets

Bitcoin’s price increased thanks to demand and technicals in the second half of 2016. Bitcoin has increased 7 percent throughout its final week of the year and currently trades at $962. Altcoins have not traded as strong heading into the end of the year, but numerous enjoyed an impressive year.  Also Read: With Bitcoin’s Rise the Altcoin Index Suffers Altcoins 2016 Monero, whose market capitalization year-to-date has increased nearly 3,400 percent (a trend largely started in September), is finishing the year nicely, as well. It’s increased more than 19 percent since December 27. Monero 7 day chart. Monero’s priced currently at $12.67. As the 5th highest market capitalization, according to …

14 Industry Luminaries (and an Ode) on the State of Bitcoin 2016

Call them what you want; dignitaries, pundits, bigwigs, luminaries or – even – enemies. There are always headstrong debates raging on in the Bitcoin space, and some people’s names get tossed around more than other’s. We decided to reach out to a few of them and ask them a simple question. Also read: Remittance-Demanding Countries Dominate Bitcoin Searches in 2016 Bitcoin has been on a tear all year long, surprising many mainstream spectators. The digital asset has outperformed all sovereign fiat currencies, and gold, over the past year. There have been many headlines – both negative and positive –surrounding the bitcoin space, with the cryptocurrency trucking forward without looking back. Alongside this, the …

Here Are All the Dankest Crypto-Memes of 2016

In the bitcoin space memes are a popular way of showing enthusiasm within the community. Memes give people a laugh and promote bitcoin adoption in an artistic and sometimes hilarious way. As the new year approaches, Bitcoin.com gathered some of the dankest memes floating around social media this year representing everyone’s favorite digital asset. 2016 was filled with many memes from various bitcoin proponents and artists such as Phneep, Cryptograffiti, and many others. Even the infamous Rare Pepe was “blockchained” this year. Check out some of the hottest cryptocurrency visuals this year below. Also read: Cash Usage Drops Drastically Worldwide, Bitcoin an Alternative The 2016 Meme Exhibit “The DAO Incident” created …

Still Time to Make Bitcoin Donations and Give Less to the IRS

The US Internal Revenue Service (IRS) has committed to cracking down on bitcoin users that may have been evading paying taxes. However, there is still time to make charitable donations to your favorite charities and thereby give a little less to the tax man. Also read: IRS Demands Coinbase Records In Surprise Tax Probe  Year-End Tax Planning For federal tax purposes, the IRS treats bitcoin as property, not currency. Taxpayers are required to report all bitcoin-related income, whether it be from wages, gifts, mining or investments. While some bitcoin income may go undetected by the IRS, exchanges such as Coinbase are required to report all bitcoin transactions to the agency. Tax planning …

How to Use Bitcoin to Become a Perpetual Traveler

This past spring the creator of the Dollar Vigilante publication and podcast Jeff Berwick gave instructions on how to become a perpetual traveler and legally avoid paying taxes. Berwick is an anarcho-capitalist that believes a government is an unnecessary evil and that taxation is theft. Bitcoin is one tool that can be utilized to accomplish the goal of not paying taxes and a great currency for people constantly traveling. Also read: The Digital Revolution Increases Sovereignty Abolitionism, Autonomy and the Idea of Becoming a Perpetual Traveler is Growing Popular Dollar Vigilante founder Jeff Berwick explains how to be a prior taxpayer. Over the course of the past few decades, people have …

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