A cryptocurrency is a digital medium of exchange that uses encryption to secure the processes involved in generating units and conducting transactions.

Cryptocurrencies are a subset of digital currencies and, as such, have no physical representation. They may beused for online orin-person transactions with any vendors who accept them.In-person transactions using cryptocurrencies aretypically conductedthrough mobile paymentfrom a digital wallet.

There are hundreds of cryptocurrencies around the world. Among them, Bitcoin is the most prominent example -- in fact, other cryptocurrencies are sometimes referred to as altcoins, as in alternatives to Bitcoin. The Bitcoinprotocol enables peer-to-peer (P2P) exchange in a decentralized system that, unlike conventional currencies,is not associated with any financial institution or government.

Bitcoin-to-Bitcoin transactions are conducted through anonymous, heavily encryptedhashcodes across a peer-to-peer network.Each users digital wallet maintains their Bitcoins. The wallet also stores all addresses the user sends and receives Bitcoins from, along with aprivate keyknown only to the user. The P2P network monitors and verifies Bitcoin transfers.

Other cryptocurrencies include Litecoin, primecoin, Namecoin and Feathercoin.

Paul Vigna provides a crash course on cryptocurrencies:

View original post here:
What is cryptocurrency? - Definition from WhatIs.com

Fighting over money is one thing; dealing with bitcoin and other types of cryptocurrency in a divorce is an entirely different story.

As cryptocurrency has surged in popularity, its become much more common for investors to carry shares in the largely unregulated market. For married couples looking to part ways, this means dealing with cryptocurrency as an asset could make for a difficult and lengthy divorce process.

Considering regulations and standards on digital currencies such as bitcoin are still being weighed by governments and financial regulators across the world, could the future of hiding assets during a nasty divorce be lying in its hands?

Cryptocurrency is virtual currency; it lives online and is traded on a blockchain, an encrypted ledger detailing transactions. Since each transaction is associated with a public and private key, its possible for each transaction to be traced back to a single individual.

Cryptocurrency has been around for about a decade, but it became more mainstream around 2017 when bitcoin skyrocketed to a price of $20,000 per coin and caught the public eye, before giving back much of its value in the time since.

In 2018, only 5 percent of the American population held cryptocurrency, according to a survey by the Global Blockchain Business Council. An additional 21 percent of respondents, however, said they were considering adding it to their portfolio.

As cryptocurrency grows in popularity, lawyers all over the world are beginning to face divorce cases with high-value disputes over these digital assets.

Jacqueline Newman, a New York-based matrimonial law attorney, represents all different types of clients, including those divorcing with cryptocurrency. She asks all of her clients to fill out a statement of net worth a comprehensive document detailing income, assets and debt of each party. She says her forms now ask parties to include cryptocurrency, too.

It hasnt gotten to the point where the court forms include it yet, but we have asked on ours and people list it under their general assets, Newman says.

Since bitcoin and other cryptocurrencies are largely unregulated and encrypted, some might think its a perfect place to anonymously stash away funds.

But thats not necessarily the case.

Mark DiMichael, CPA, certified Financial Forensics accountant and fraud examiner, specializes in cryptocurrency. In one recent case, a husband didnt report $100,000-plus in cryptocurrency assets on his statement of net worth. During the discovery process, DiMichael closely analyzed his bank statements and was able to trace the crypto transactions through a crypto-trading platform.

DiMichael warns, however, that cases can get more complicated. The more knowledgeable someone is in crypto, the bigger the threat they pose to successfully hiding the assets.

Although he hasnt worked on a large number of cases involving cryptocurrency so far, DiMichael gives the example of a cybersecurity expert exchanging cash for bitcoin as payment. By conducting the transaction in person, there would be no proof of the transaction occurring making the asset-hiding much more difficult to reveal to the court.

Its really hard to trace if the individual knows what theyre doing, DiMichael says. An expert is going to know not to leave any evidence on their computer, and it can be much more difficult to subpoena.

Edward Davis, a Miami-based asset-recovery attorney and founding shareholder of Sequor Law, says cases of financial infidelity involving crypto are only going to become more frequent in the coming years.

In 15 to 20 years, Davis expects people with large sums of money to turn toward cryptocurrency as a way to hide their assets.

Its a real threat, Davis says. Its not going to come up in the average divorce of Joe versus Mary where they both have regular jobs and are a middle class family. But the wealthy and uber-wealthy who have access to this are going to use it to hide their value.

Matrimonial attorneys interviewed for this story say there arent currently any specific laws regarding cryptocurrency protection during a divorce process. Davis says these laws to protect consumers from fraudulent crypto activity are likely coming, but they will be slow to implement.

The legal infrastructure and regulatory infrastructure for this stuff is way behind, Davis says. If you look at some of the people sitting in Congress some of them are in their 70s and 80s they have no idea what this is. They dont even know what Snapchat is. Youre talking about a generational change [that] is going to [have to] happen before people are confronting this kind of issue.

Another issue for getting a hand on regulating crypto, Davis says, is that theres a wide misunderstanding of how blockchain technology works.

Whenever something new comes along, everyone tends to minimize it, Davis says. Predicting technology is a very hard thing. People who are intimidated or scared or dont understand technology tend to minimize it.

As interest and commonality surrounding crypto continues to increase, experts in the legal field are having to quickly educate themselves on the asset to keep up. Some experts say there isnt enough being done to inform and train legal counsel on the inner workings of the asset.

Most of what DiMichael knows about crypto is self-taught. In 2018, DiMichael published A Forensic Guide to Finding Cryptocurrency in Divorce Litigation. He created the guide after his own research found there werent many resources available on the matter.

Ive seen some courses for it, but I think there should be more training, DiMichael says. Uncovering crypto is fairly complicated, and that can be even harder for someone not trained in crypto.

Most accountants dont understand cryptocurrency, DiMichael adds. More complicated divorce cases involving cryptocurrency can be a lengthy and complicated process and for an accountant learning everything on the fly, this can mean longer hours and a higher bill for the client. DiMichael says that he currently charges $435 per hour.

Davis hasnt worked directly on a case recovering cryptocurrency assets yet, but he has noticed an upswing in industry-related conversations in the past two years. Lawyers, who he says arent technology-savvy by nature, should pay close attention to cryptocurrency and educate themselves on how to manage it in court cases.

The main concern about crypto is how little we understand it and how dangerous it is because its an unregulated, untethered currency, Davis says. This is a real threat and one we have to think about.

Follow this link:
How Cryptocurrency Assets Are Becoming A New Battleground In ...

No matter where you are based in the world, learning how to trade cryptocurrency can be a daunting task for any newcomer this anxiety is exacerbated by the notorious volatility of the crypto markets.

Before you begin trading cryptocurrency in the UK, you should always do your research. Without prior knowledge, you are liable to make countless mistakes.

In this guide, we discuss how to trade cryptocurrency in the UK.

UK residents have more options when it comes to trading cryptocurrency than US residents.

This is because the Securities and Exchange Commission (SEC) in the USA has been fighting hard for regulation, prompting many exchanges to ban US residents from their services.

Famously, crypto analyst Tone Vays had his BitMEX account terminated on the suspicion that he was a US citizen. UK residents, however, can freely trade on BitMEX at their leisure.

The first point to note about crypto trading is that unlike traditional stock markets, the crypto market is open 24/7.

You must then decide which type of trading you believe will suit you best and which exchange platform is right for you.

Which exchange you choose will largely depend on what type of trading you wish to conduct. You can find our definitive guide to cryptocurrency exchanges here, which includes a list of some of the most popular exchanges and what to look out for.

Spot trading and margin trading are the two most common types of trading, with the exception of over-the-counter (OTC) trading.

Spot trading involves buying or selling an asset with the aim of turning an instant profit.

This might involve selling a certain amount of an asset you already own and then trading with two other assets. The trading will be done on speculation, so you might choose to split your funds equally or go all in on one you feel most confident about.

It is then your hope that you will turn a profit on these assets before selling them and re-buying your original asset, thereby having more of the original asset than you began with.

Margin trading is different because you can trade with leverage. Leverage is borrowed money from an exchange. The amount of leverage on offer to you will differ depending on the platform you are using.

Using leverage means you can generate higher profits because you are staking more funds. If your trade is successful, the exchange will then reclaim the leverage and leave you with the profits.

If the market moves against you, you will be liquidated. This means your original deposit is lost however, you will not have to pay the leverage back. You can learn more about the risks of spot and margin trading here.

OTC trading involves buying or selling an asset directly with no middleman. Fundamentally, this can be as simple as a friend selling you 20 worth of Bitcoin.

OTC trading offers benefits that exchanges do not in that you do not need to provide as much personal information. However, it does come with its own inherent risks, as does any method of crypto trading. You can read our guide on OTC trading here.

LocalBitcoins.com is a popular peer-to-peer (P2P) OTC marketplace where users can facilitate trades with one another.

Once you have identified the type of trading most suitable to you, it is time to learn when to enter the market. Learning about key terms, trade patterns, and previous market cycles will help you make the most informed decision about when you should buy in.

The most important thing to remember is that trading is done on speculation nobody has a concrete idea of how the market will move.

Firstly, you will need to know if you want to go long or short. Going long is when you believe an assets price will rise, while going short is when you believe an assets price will drop.

Of course, you could also just buy some crypto when prices are low and hold on to it for as long as you want before selling when prices are higher.

Learning about support, resistance, and moving averages will help you understand key levels for when to enter or exit the market.

The same is true for studying graphs showing an assets trading history if you notice a pattern re-emerging, then you might be on to something.

You can also do a quick Google search for trading patterns that will bring up illustrations of patterns which also give an indication of what might happen next in the market, such as a falling wedge or Bart Simpson pattern.

Story continues

When picking an exchange, it is best to read the terms and conditions. While this might seem tedious, you can never be too careful when it comes to crypto trading, even in the UK.

The crypto market is notoriously volatile and can go in any direction at any given point. On this basis, it is wise to conduct your own research because we do not recommend any crypto, exchange, or service in particular, and ultimately you are responsible for any decisions you undertake.

Hopefully this guide has helped you understand how to start trading cryptocurrency in the UK.

You can discover more about the top five tools to master crypto trading, CFD trading, and arbitrage with our guides.

Interested in reading more trading-related guides? Discover more about bid, ask, and bid/ask spread prices with our guide.

The post How to trade cryptocurrency in the UK appeared first on Coin Rivet.

Continue reading here:
How to trade cryptocurrency in the UK - finance.yahoo.com

Cryptocurrency Prices, Charts, and Market Cap Data - UNHASHED # NAME PRICE MARKET CAP VOLUME (24H) CHANGE (24H) CHANGE (7D) PRICE GRAPH (7D) 1 Bitcoin $4,099.70 $72,233,327,854 $9,183,441,376 +0.21% +1.85% 2 Ethereum $141.24 $14,895,148,854 $4,708,168,534 -0.98% +2.65% 3 XRP $0.30865 $12,872,688,408 $808,043,456 -0.79% -0.78% 4 EOS $4.11 $3,726,548,653 $1,872,987,217 -2.81% +12.30% 5 Litecoin $60.40 $3,691,942,471 $1,672,631,260 -0.59% -0.52% 6 Bitcoin Cash $167.87 $2,971,535,613 $561,726,828 -0.81% +1.49% 7 Binance Coin $17.03 $2,404,639,611 $185,315,030 +4.68% +12.81% 8 Stellar $0.10697 $2,057,962,756 $304,874,897 +0.18% -0.79% 9 Tether $1.00 $2,032,457,816 $8,533,764,084 +0.39% -0.59% 10 Cardano $0.07064 $1,831,547,730 $82,043,746 +0.82% +12.93% 11 TRON $0.02328 $1,552,137,614 $216,952,467 +0.83% -3.29% 12 Bitcoin SV $64.80 $1,145,113,035 $72,088,549 -0.54% -2.96% 13 Monero $53.23 $898,885,155 $87,072,550 -0.40% -1.15% 14 Dash $102.12 $890,319,871 $265,026,483 +5.25% +10.69% 15 IOTA $0.30658 $852,136,948 $9,927,368 -0.44% -1.37% 16 Maker $711.36 $711,358,097 $1,516,656 -1.71% -3.24% 17 Tezos $0.96696 $641,949,040 $4,534,124 +9.93% +36.32% 18 NEO $9.70 $630,649,733 $314,388,505 -1.28% +4.40% 19 Ontology $1.27 $630,211,508 $67,704,600 -0.42% +2.48% 20 Ethereum Classic $4.77 $521,920,235 $155,120,196 -1.17% -1.53% 21 NEM $0.05357 $482,113,800 $13,351,682 -1.59% +4.54% 22 Zcash $57.20 $355,306,031 $137,647,311 +1.76% -0.44% 23 Basic Attention Token $0.27638 $344,955,889 $27,037,830 +3.32% +34.33% 24 VeChain $0.00598 $331,474,034 $13,639,405 +3.03% +2.04% 25 Waves $2.77 $277,434,398 $11,166,896 -1.03% -0.35% 26 OmiseGO $1.87 $262,519,486 $86,513,345 -0.45% +4.75% 27 Qtum $2.76 $247,010,052 $130,443,492 +2.37% +5.14% 28 Dogecoin $0.00208 $246,681,026 $18,489,711 -0.30% +0.51% 29 USD Coin $1.00 $246,239,299 $25,445,566 +0.29% -0.89% 30 Bitcoin Gold $12.94 $225,389,020 $10,177,027 -0.61% -1.45% 31 Maximine Coin $0.13568 $223,736,317 $20,186,503 +0.86% +88.19% 32 Crypto.com Chain $0.04645 $204,034,047 $397,500 +1.24% -29.88% 33 Lisk $1.73 $200,787,171 $7,155,424 +3.43% +14.47% 34 TrueUSD $1.01 $200,406,801 $25,109,209 +0.37% -0.66% 35 Ravencoin $0.06029 $194,043,981 $18,817,284 -1.09% +5.75% 36 Decred $19.38 $185,055,516 $1,636,535 -0.43% +2.77% 37 0x $0.31065 $182,526,070 $16,599,711 -0.41% +15.45% 38 Chainlink $0.49553 $173,434,129 $3,235,797 +0.55% +7.95% 39 Zilliqa $0.01947 $169,619,057 $12,127,502 +1.38% -3.28% 40 Augur $15.16 $166,813,183 $11,207,048 -7.68% -2.64% 41 BitShares $0.05913 $159,906,427 $6,623,773 -3.33% +11.28% 42 ICON $0.33206 $157,200,809 $12,786,766 -0.55% +2.41% 43 Holo $0.00115 $153,542,161 $5,381,956 +0.03% -1.66% 44 KuCoin Shares $1.71 $153,372,491 $4,295,401 +1.26% +52.39% 45 DigiByte $0.01226 $142,346,067 $3,040,819 +0.10% -16.00% 46 Steem $0.44752 $138,451,922 $1,608,217 +2.57% -4.41% 47 Nano $1.03 $136,937,932 $2,140,129 +0.09% +3.65% 48 Bytecoin $0.00073 $134,609,294 $181,619 -1.26% -4.00% 49 Bitcoin Diamond $0.85257 $131,089,033 $1,375,431 +0.04% -0.09% 50 Aeternity $0.50738 $130,035,744 $50,649,521 +4.26% +5.07% 51 BitTorrent $0.00076 $129,504,569 $14,379,020 +0.29% -5.20% 52 Huobi Token $2.50 $124,931,673 $76,815,429 +1.14% +3.33% 53 Komodo $1.10 $123,176,290 $2,298,904 +1.99% +4.06% 54 Paxos Standard Token $1.00 $118,294,972 $56,982,162 +0.40% -0.92% 55 IOST $0.00959 $115,211,734 $19,562,339 -1.79% +9.35% 56 Verge $0.00717 $113,296,088 $5,321,498 +0.78% -4.65% 57 Enjin Coin $0.14660 $112,441,545 $9,848,898 -1.19% -19.88% 58 Pundi X $0.00063 $110,515,970 $1,318,337 +0.93% +2.32% 59 Bytom $0.11020 $110,475,066 $3,504,159 -2.53% -3.30% 60 Siacoin $0.00271 $108,751,912 $1,257,292 +0.07% -0.62% 61 Stratis $0.95971 $95,270,439 $1,432,815 -0.82% +5.56% 62 THETA $0.10720 $93,318,133 $2,985,659 -2.20% -9.57% 63 Dai $0.97698 $86,403,061 $28,012,803 +0.85% -0.96% 64 Status $0.02471 $85,764,098 $13,133,396 -2.84% +7.48% 65 Aurora $0.01298 $84,910,079 $2,150,195 -1.97% -16.94% 66 Golem $0.08809 $84,886,145 $1,628,236 -1.66% +12.37% 67 Project Pai $0.05751 $83,496,840 $5,453,586 +5.81% -1.45% 68 Populous $1.50 $80,067,011 $3,653,964 +0.85% +4.25% 69 Ardor $0.07968 $79,599,177 $1,220,063 +3.35% +13.18% 70 Insight Chain $0.22171 $77,577,521 $3,184,122 +0.30% -0.04% 71 ABBC Coin $0.16339 $74,749,828 $39,855,411 -9.88% -10.89% 72 Ark $0.67898 $74,217,265 $1,416,578 +3.49% +8.35% 73 Mixin $153.18 $67,141,374 $806,644 -3.15% +5.41% 74 Factom $7.09 $66,760,102 $98,563 +1.96% +14.40% 75 GXChain $1.11 $66,749,758 $12,058,516 -1.82% +3.29% 76 Cryptonex $1.17 $65,013,347 $7,912,463 -0.33% +1.97% 77 Waltonchain $1.58 $64,965,219 $7,073,561 +7.03% +25.44% 78 REPO $0.58978 $64,851,042 $28,158 +35.29% -3.93% 79 Digitex Futures $0.08640 $63,717,461 $821,882 +3.42% +20.71% 80 Revain $0.12962 $62,793,770 $789,208 +0.28% -7.88% 81 Gemini Dollar $1.00 $60,891,403 $4,336,988 +0.08% -0.67% 82 Bibox Token $0.54213 $60,143,078 $17,730,676 +67.98% +85.78% 83 HyperCash $1.37 $59,526,351 $1,025,818 -1.71% -6.35% 84 Decentraland $0.05619 $59,008,316 $17,468,568 -0.48% +10.31% 85 MaidSafeCoin $0.12499 $56,563,569 $139,933 -0.37% -2.84% 86 WAX $0.05908 $55,692,870 $276,628 -1.69% -3.56% 87 Loopring $0.06686 $55,423,002 $3,733,724 +3.26% +7.30% 88 Crypto.com $3.48 $54,947,010 $4,004,264 +0.65% +7.65% 89 NULS $0.78710 $54,697,441 $15,022,671 +4.50% +22.08% 90 PIVX $0.95530 $54,243,145 $3,607,818 +6.92% +13.65% 91 Elastos $3.57 $53,770,878 $8,227,987 +19.35% +32.16% 92 Loom Network $0.06963 $53,171,812 $1,738,632 -1.20% -3.90% 93 Electroneum $0.00578 $53,118,036 $282,997 -1.26% -8.30% 94 ThoreCoin $596.40 $51,699,323 $113,679 +0.47% +8.04% 95 Zcoin $7.21 $51,255,775 $1,244,348 +1.03% +6.11% 96 Aelf $0.18056 $50,555,407 $6,545,973 -1.48% +4.87% 97 QASH $0.14262 $49,916,928 $114,715 +1.46% -7.70% 98 Aion $0.16573 $48,371,228 $3,184,534 +6.72% +14.20% 99 WaykiChain $0.25213 $47,651,744 $3,620,969 +0.22% +24.03% 100 Qubitica $16.85 $47,188,787 $79,710 -0.33% -4.99% Scroll Up

More here:
Cryptocurrency Prices, Charts, and Market Cap Data - UNHASHED

Follow these steps in the Premier Edition:

OR if the jump-to link is not working

Pleasesee this FAQ with more details:

Reporting cryptocurrency is similar to reporting a stock sale. You'll need to report your cryptocurrency if you sold, exchanged, spent or converted it.

You have to do this for every trade you made. If you bought coins at different prices or sold partial amounts, then you have to keep track and record the difference of what you sold. Cryptocurrency exchanges are not required to provide a 1099-B or summary tax statement for cryptocurrency transactions. Its your responsibility to keep records of your transactions. The most common way to do this is to download your order or trading history from your exchanges website. You may need to do this a few times throughout the year due to limits on how far back you can get information.

Once you have your figures:

There's an upload limit of 250 cryptocurrency transactions in TurboTax. If you have more than that, youll need a transaction aggregator. Well walk you through that in the cryptocurrency section.

https://youtu.be/UxAa89MPiCw

L3aOfh9nvp_cg_tto_us_lc_na_question:L3aOfh9nv_US_en_US

See more here:
How and where do I report Cryptocurrency coin-to-coin ...