March 30, 2020
India’s 4th largest private bank facing serious troubles Three successful bankers came together in 1999 to start a non-banking financial institution in India which later went on to become Yes Bank in 2003. The company went public in 2005 but received a big blow in 2008 since its chairman died in the 26/11 terrorist attacks. The bank was then taken over by Rana Kapoor who changed the fate of the company forever. What is the
March 19, 2020
What is Bitcoin halving? To understand what Bitcoin halving is we need to first understand how new Bitcoins are issued into the total supply. As we know Bitcoin has a hard cap of 21 million which means that there will only ever be 21 million bitcoins in total circulation. Currently, there are over 18.2 million bitcoins in circulation which leaves about 2.8 million bitcoins which still have to be issued over the course of time.
What is a seed phrase? If you have ever used a non-custodial Bitcoin wallet you would have come across an option to backup a Seed Phrase before storing funds in your wallet. It looks something like this: Bitcoin seed phrase (24 words) Every Bitcoin address has a public and a private key similar to a login ID and password on the internet. The seed phrase is just a proxy for your private key, they are
March 12, 2020
Lightning network has been one of the most interesting developments in the Bitcoin protocol since its launch. It was first introduced back in 2015 as a layer 2 payment protocol on top of the Bitcoin Blockchain. Since then the protocol has undergone several improvements and adoption by the Bitcoin community. The first implementation of the lightning network was launched in end of march 2018 by Lightning labs. So it has effectively been only two years
A new bill was proposed in mid-January this year called The Virtual Currency Tax Fairness Act of 2020 by bipartisan members of congress. The bill will essentially exempt transactions below $200 from capital gains tax allowing for smaller day to day transactions in bitcoin and other cryptocurrencies. The bill which was introduced by U.S. House Representatives DelBene, Schweikert, Soto, and Emmer states: “Gross income of an individual shall not include gain, by reason of changes in