Among the limited number of Congress members addressing the topic, Senator Cynthia Lummis (R-Wyoming) has been vocal about the emerging opportunities for crypto legislation in 2022. Lummis, a member of the Senate Banking Committee, has previously mentioned her view that Bitcoin is an excellent hedge against changing fiat currency values. Lummis announced legislation that would […]
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Introduced by Protocol Labs in the third quarter of 2017, Filecoin is an interesting take on the vastness of blockchains and the power of a collective network. However, its success depends on its adoption and the verdict is still out on that, with a couple bumps in the road along the way. Filecoin is a
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Whether you are looking to purchase cryptocurrencies like Bitcoin or Ether or are interested in purchasing a non-fungible token, a NFT, you will need a crypto wallet. What is a crypto wallet First, understanding the difference between NFTs and cryptocurrencies is important and can be read about here. Secondly, in a general sense, we need to
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The historical events of the COVID-19 pandemic have made many countries rethink essential parts of their way of life. Within the United States, the country came to a halt in the Spring of 2020 and tested the strength of its economy. With record unemployment, the government needed to respond with intense stimulus to prevent the
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Payment Revolution The traditional methods of digital payments are outdated, and it’s showing. Why do you have to wait 3-5 business days to transfer money from a digital payments system like PayPal? Why is it so hard to send money directly between bank accounts and even more challenging across borders? The current system of digital
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DAO A decentralized autonomous organization or DAO is a set of rules within a computer program representing an organization. Not being influenced by a central authority is a system of reporting and recording rules and transactions within a blockchain. It’s a system of shared governance operated by a non-central entity. DAOs are the framework behind
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when is it time to sell your crypto? Ethereum is currently at an all-time high, around USD 4,600 per coin, and other cryptocurrencies like Bitcoin are back within their highest range of USD 62,000 per coin. As an owner of these coins, you may be wondering if it is time to sell your coins and
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United States IRC 409A – Deferred Compensation Requirements The United States IRC 409A is a law that regulates non-qualified deferred compensation, which is payment that is delayed for a specific reason. The deferred compensation specified is between a “service provider and recipient” and there can be a 20 percent excise tac when specific qualities of
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