Bitcoin isn’t backed by gold, government guarantees, or physical assets—it’s backed by trust, math, and adoption. The digital currency operates without central banks. Its value comes from market demand, cryptographic proof, and a fixed supply of 21 million coins. For those wondering “what backs cryptocurrency” or if “cryptocurrency is backed by anything,” this article explains […]
Coinbase processed over $547 billion in crypto trading volume, with approximately 73 million verified users worldwide. As one of the largest cryptocurrency exchanges, Coinbase operates under specific IRS reporting requirements that affect U.S. taxpayers. Understanding exactly what Coinbase reports to the IRS—and what it doesn’t—is crucial for compliant tax filing. With penalties for crypto tax
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.
