Does cryptocurrency get taxed

Bitcoin more hints price started another decline from the $67,000 zone. BTC is showing bearish signs and might soon revisit the $61,000 support zone. Transactions are placed on the blockchain by bitcoin “miners”, who get to pack them into blocks that are linked (or “chained”) together, by solving a cryptographic puzzle using specialised hardware. These miners are rewarded with newly created bitcoins. The halving goes all the way back to bitcoin’s origin story, born in the ashes of the 2008 financial crash. The cryptocurrency’s creator—who went by Satoshi Nakamoto, but whose real identity remains unknown—invented bitcoin the following year, and dreamed of creating an international currency that would operate outside the control of governments or central banks. Crucially, Satoshi wrote that there would only ever be 21 million bitcoin, so as to temper its inflation and potentially make each bitcoin more valuable over time.