Introduction Coinbase recently published an article on Black Americans and cryptocurrency. The article have very interesting conclusions on the relationship between cryptocurrency and Black people in America. Most of the reasoning behind black Americans taking more of an interest in cryptocurrency revolve around the challenges that many have faced in the Traditional financial system. Two…
IRS Updates Guidelines for Cryptocurrency
The article titled What Is The New Crypto Tax Guidance All About?, posted on BitIRA.com by Robin Singh discusses the guidelines that the IRS has released and updated to deal with tax liabilities from hard/soft forks, taxable income gain/loss and recording of crypto income In its revenue ruling, the IRS outlined the tax treatment of…
How to store cryptocurrency and digital assets
To store cryptocurrency safely, a hardware wallet is what all of the experts recommend.One of the things to remember is if investing in a SDIRA is to follow the rules of the Self Directed/checkbook IRA. All funds and transactions have to be kept separated from any other transactions. That means, even though you may have…
My Cryptocurrency IRA Investment Story
Have you ever wondered if you can invest your IRA funds into cryptocurrency or Digital assets? I wondered about the same thing. I did not want the cryptocurrency train to pass me by. This is my story on what I found during my research and my experience in my chosen path. At first, I started…