How Cryptocurrency Prices Work, Explained.
Posted: Tue, 24 Jul 2018 07:00:00 GMT [source]
Buying crypto on its own isn’t a taxable event. You can buy and hold cryptocurrency without any taxes, even if the value increases. … Tax filers must answer a question on Form 1040 asking if they had any type of transaction related to a virtual currency during the year.
While Satoshi is a hallowed name in Bitcoin lore (it’s also used as a way to denominate the smallest unit of the currency), Nakamoto’s identity has never been proven — we don’t even know if it was one person or a group of people.
Bitcoin’s supply of BTC is 100% controlled by the Bitcoin software, which is now distributed globally. Per the Bitcoin protocol, new tokens are distributed to the miner that creates the next block on the blockchain.
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