What is Bitcoin, Anyway?

What Is Bitcoin, Anyway?

By Morgan Aldous | April 17, 2018

Bitcoin solves millennia-old accounting problems   Bitcoin and its ups and downs have been in the news a lot lately, but many people are still left confused about exactly what bitcoin is and how it works. In short, bitcoin is an independent currency system that solves three main problems: middleman banks, so-called ‘double-spending,’ and security.…

April Update: Anniversary Gift, Version 2, & Heleum on SeedInvest

By Pace Ellsworth | April 10, 2018

Heleum users are some of the most patient and optimistic people in the world. They have rewarded our company with stellar user growth and deposit history, despite the largest cryptocurrency crash in recent years. To return the favor, we’re overjoyed to make three huge announcements today to share with our users: Announcement #1: 60% Share…

Filing an Uphold 1099-K

By Pace Ellsworth | March 14, 2018

Did you get a scary 1099-K from Uphold? Maybe it showed that you have “Gross Transactions” of 20 to 200 times your Uphold account balance? A 1099-K is usually just for a merchant’s credit card sales, but the IRS won a court case against Coinbase, forcing Coinbase, Gemini, and Uphold to report gains for some of their…

January 2018 Review

By Morgan Aldous | February 2, 2018

January was both an exciting and difficult month in the crypto-space, as Heleum users know well. There has been a massive spike of interest in cryptocurrencies after Bitcoin unexpectedly hit an all-time high of nearly $20,000 mid-December. Nowhere was this new mainstream interest more evident than the 2018 North American Bitcoin Conference in Miami, Florida,…

BCH, BTG, & BAT Join Heleum!

By Pace Ellsworth | January 19, 2018

We’re excited to announce that we have now added Bitcoin Cash (BCH), Bitcoin Gold (BTG), and Basic Attention Token (BAT) to the values Heleum is automatically converting. These join BTC, LTC, ETH, & DASH as the volatile currencies we support. Adding new Uphold currencies to the Heleum algorithm isn’t just flipping a switch.We make sure…

Improved Gains – Version 1.6

By Pace Ellsworth | January 13, 2018

Today we activated the first of a dozen major code upgrades to Heleum which will make Heleum gains higher and more predictable. Here’s how today’s change works: If a balloon is about to move to a national currency (it has reached a profit goal to move into one), it will pop instead if: – The…

How Heleum REALLY Works

By Pace Ellsworth | January 6, 2018

Under the current Heleum version 1, here’s how balloons let your money move: Short Version ————– – The Heleum balloon launches from base currency into a cryptocurrency. – It waits for the first goal reached to sell high by buying another currency low. – It does this again and again until it can buy the…

2017: Looking Back and Moving Forward

By Morgan Aldous | January 4, 2018

A Review of December, and What January Has in Store Yesterday (January 3) marked an important ‘holiday’ for cryptocurrency enthusiasts: it was on this date in 2009 that the first Bitcoin were mined from what has been called the ‘Genesis Block’- the starting point of the very first blockchain in history. At Heleum, we’re celebrating…

Christmas Presents

By Pace Ellsworth | December 22, 2017

In this season of crypto mania, all-time highs and excruciating crashes, we’re happy to announce a few huge milestones. Less than 2 months after our Nov. 1st launch, we have now reached: over 2,000 awesome users, and… over $2,000,000 in invested balances! over $200,000 in popped balloon gains; an average user return of over 10%…

Assets vs. Liabilities

By Morgan Aldous | December 12, 2017

Is your savings making money- or losing it? The Heleum team is proud to be on the cutting edge of the financial technology revolution. Part of this is remembering that in a complex world of algorithms, hash functions, and blockchains, we can’t forget the basic principles of personal finance. There are fundamentals that even a…