Learn about cryptocurrency with our guides at CryptoProsperityforAmerica. Our detailed resources provide expert advice on investing, security, wallets, and more
Cryptocurrency is one of the fastest-moving industries in the world, with prices changing by the second and new innovations popping up constantly. Whether you’re a casual investor, a trader, or just curious about blockchain technology, staying informed is crucial. But with so much misinformation floating around, how do you know what to trust? That’s where […]
The world of cryptocurrency has come a long way since Bitcoin first appeared in 2009. What started as a single digital currency has grown into a vast ecosystem of blockchain networks, each with its own special features and purposes. At the heart of this digital revolution are Layer 1 blockchains – think of them as
As of May, 2025, the cryptocurrency market shows a hierarchy by unit price. Bitcoin (BTC) leads at $103,636.22 per coin, making it significantly more expensive than most other cryptocurrencies. Closely following are Wrapped Bitcoin (WBTC) at $103,617.81 and Coinbase Wrapped BTC (CBBTC) at $103,752.22, which maintain a near 1:1 peg with Bitcoin. Other notable cryptocurrencies
Remember when Bitcoin was just a weird internet thing that tech geeks talked about? Well, those days are long gone. Today, cryptocurrencies have grown into a massive market worth trillions of dollars, and they’re changing how we think about money itself. With more than 10,000 different digital currencies floating around, it’s easy to feel overwhelmed.
If you’ve spent any time exploring the world of crypto, chances are you’ve used CoinMarketCap. It’s been a staple for checking prices, tracking market caps, and finding token data since the early days of cryptocurrency. However, as the crypto space becomes increasingly complex, not everyone feels that CoinMarketCap is keeping pace. Whether it’s concerns about
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
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
