The cryptocurrency industry has seen explosive growth over the last decade — but along with innovation came some of the Biggest Crypto Scams in financial history. Between Ponzi schemes, rug pulls, and fraudulent exchanges, investors have lost over $60 billion globally to crypto scams. From the $8 billion FTX collapse in 2022 to the $4.4
“I lost everything.” These three devastating words echo across online forums as another victim falls prey to cryptocurrency fraud. With losses exceeding $1 billion in crypto scams during just the first three quarters of 2024, the digital gold rush has created a perfect hunting ground for sophisticated predators. The technical complexity of blockchain, combined with
What began as a single digital asset in 2009 has grown into a vast market with over 17,000 cryptocurrencies in circulation as of 2025. However, only a fraction hold real value, with Bitcoin and Ethereum dominating nearly 75% of the market. The global crypto market cap stands at $2.96 trillion, reflecting both growth and volatility.
Cryptocurrency losses can indeed be tax deductible, potentially saving you thousands of dollars. In 2023, Americans who claimed crypto capital losses saved an average of $3,000 on their tax returns. The IRS allows you to deduct certain crypto losses, but specific rules apply. In this article, I cover the types of deductible crypto losses, how
The dark side of crypto innovation hides in plain sight, and crypto scam trackers reveal an alarming truth: fraudsters now deploy AI-powered cons, rug-pull algorithms, and deepfake “advisors” to exploit even savvy investors. These digital predators evolve faster than security measures, turning blockchain’s transparency against users with military-grade precision. A crypto scam tracker is no
Is Bitcoin a security or commodity? The answer dictates whether the U.S. treats it like Apple stock or crude oil—with huge implications for investors. The SEC labels most crypto as securities, but the CFTC calls Bitcoin a commodity. Misunderstanding this risks fines, delistings, or tax surprises. Unlike many altcoins, Bitcoin’s decentralization exempts it from security
Cryptocurrencies emerged with promises of decentralization and anonymity that traditional financial systems couldn’t match. Bitcoin introduced a revolutionary concept: transactions without intermediaries, offering users privacy. But is crypto truly untraceable? This perception of anonymity has attracted diverse users, from privacy enthusiasts to those with illicit intentions. As cryptocurrency adoption grows, understanding the actual privacy level
Looking to understand cryptocurrencies and blockchain technology but are overwhelmed by the flood of information online? The right books can provide structured, comprehensive knowledge from genuine experts in the field. Whether you’re a beginner curious about Bitcoin basics or an investor seeking to understand crypto assets as an investment class, this curated selection covers the
The crypto tax in Canada is straightforward yet strict; 50% of capital gains and 100% of business income from crypto are taxable. The CRA requires record-keeping for 6 years, with penalties reaching 50% for gross negligence. Compliance is essential with over 3 million Canadians owning cryptocurrency and the CRA having audited 20,000+ crypto-related accounts since
Bitcoin mining has evolved dramatically since the early days when owners could mine thousands of BTC daily from their bedrooms. As Bitcoin continues to be the leading cryptocurrency in 2025, many wonder if mining remains a viable path to profitability. The latest halving, in April 2024, reduced block rewards to 3.125 BTC. Increased competition from
