Accubitz Blog

IRA, 401k, Crypto, News

Are There Legal Risks When Investing in Crypto?

Cryptocurrencies as Property One of the most critical legal considerations for any cryptocurrency investor has to do with the way that central authorities view cryptocurrency holdings. In the U.S., the IRS has defined cryptocurrencies as property, rather than as currencies proper. This means that... more

Is Now The Best Time To Invest In Cryptocurrency?

Invest In Blockchain Now Or Has The Ship Already Sailed? Most people I talk to today think the opportunity surrounding cryptocurrencies has already passed, and although there’s some truth to that, but most people don’t realize that there’s more substantial opportunity in front of us. ... more

Owning Bitcoin Inside a Self-Directed IRA

What is a Bitcoin IRA? While there are many references across the internet to Bitcoin IRAs, it’s important to state that there is no specific IRS-backed account that’s solely designed for cryptocurrencies. However, Individual Retirement Accounts (IRAs) are a potential vehicle to hold bitcoin... more

JP Morgan Moves into Cryptocurrency

  Bitcoin hit a high of $4,002.71 per BTC this afternoon, just days after JP Morgan said it would launch its own cryptocurrency that’s tied to the US dollar. The largest cryptocurrency by market cap has surged by 10% to its highest level in more than a month following JP Morgan’s... more

Nasdaq will Add Bitcoin and Ethereum Indices Before February’s End

Stock exchange giant Nasdaq has announced they’ll be adding indices for bitcoin and ethereum to their global data service before February’s end. Nasdaq made the announcement on Monday the 11th that it’s partnered with a New Zealand-based blockchain data and research firm called Brave New Coin... more

Rocky First Month of 2019 for Crypto

Bitcoin has had a rough week as the digital currency lost 6% since last weekend. BTC fell sharply as the cryptocurrency sell-off that has gripped the market for months continues. For many crypto experts, the hopes of putting the crypto winter bear market to bed is looking like it might not come to... more

Explaining stablecoins and Their Functions

For each real-world asset-backed coin, an equivalent value in U.S. dollars or gold as an example is set aside in a bank. Trust is built and maintained in partnership with a centralized financial institution. This means real-world asset-backed coins should be fully and easily redeemable for their... more

Millennials are Changing the Investing World

As 2018 closes, it’s no surprise to see more and more young people interest in investing in cryptocurrency instead of stocks or bonds. This has been a long-monitored trend that’s now hit a total high of 88% of Millennials showing interest in crypto. There are many varying reasons for this... more

Can Crypto Effectively Diversify your Portfolio?

To put it very simply, diversifying is putting your funds in multiple buckets in order to minimize your own risk. By allocating your money across different stocks, for example, you spread the risk around in several buckets, so that if one stock’s price goes down, you won’t lose all your money... more

What do you need to Know before Investing in Cryptocurrency?

A lot of investors are getting in on cryptocurrency as it’s becoming increasingly clear that it’s not just a passing fad. It’s also clear that it has potential to be very lucrative — though not without its own risks. Before you invest in any crypto, it’s a good idea to have a goal in mind... more
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