Cryptocurrencies are part of a blockchain and the network required to power it. A blockchain is a distributed ledger, a shared database that stores data. When you sell crypto and have realized a gain on your investment, you may owe either normal income taxes or capital gains taxes, depending on how long you held the crypto. This process can be time-consuming and it can consume large amounts of energy resources. As a result of this move to decentralize finance, countries such as the U.S. have looked to regulate cryptocurrencies further. Securities and Exchange Commission (SEC) sued Binance and Coinbase Global… Read More