Blockchain

Online betting juggernaut DraftKings is placing a bet on Tom Brady's Autograph, as the two sides are partnering to build a new NFT marketplace. As always, content is king. Along with the Brady exclusive, the company has deals with other top athletes including Tiger Woods, Wayne Gretzky, Derek Jeter, Naomi Osaka, and Tony Hawk, to name a few. Continue Reading →

The crypto market crashed yesterday! Do you care? Should you? Continue Reading →

Over the past few months, people have started using the term "NFT" interchangeably with the term "digital collectible." This is unfortunate, because while most of the digital collectibles in the news are NFTs, the technology can be used to create value in many additional ways. When thinking about fan development, which we will define (just for this article) as a collection of purpose-built tools designed to grow communities of interest, perhaps the most obvious use for an NFT is as a ticket to an event. Let’s review some of the benefits you might expect from combining a ticket, some unique digital assets, and a smart contract. Continue Reading →

As you know, the IRS's middle name is "Revenue," so it won't surprise you to learn that the IRS is very interested in taxing your crypto gains. Continue Reading →

REvil, the ransomware gang that attacked meat supplier JBS Foods this spring and a major IT software vendor this month, has mysteriously gone dark. Its websites are gone and there has been no word from their spokespeople. Continue Reading →

The next generation of the World Wide Web (Web 3.0) is being built on blockchains using tools and technologies similar to the ones that empower cryptocurrency, NFTs, smart contracts, and the world of DeFi. If Web 3.0 reaches its full potential, it will quite literally change the world. That's a bold claim, so we need some bold evidence. Let's start with a little demonstration. Continue Reading →

Britain’s Financial Conduct Authority said that Binance Markets Limited, the world's largest cryptocurrency exchange, “is not permitted to undertake any regulated activity in the U.K.” While some news outlets are reporting this as a ban, the key phrase is "regulated activity." The U.K. isn't banning crypto; it is refusing to regulate crypto-based derivatives and other types of transactions that are illegal in the U.K. unless they are regulated. This will limit the types of transactions you can do on binance.com in the U.K., but Brits will still be able to buy and sell their crypto. Continue Reading →

For anyone who invested at the top of the crypto hype cycle over the past few weeks, today is a reprise of "Black Tuesday." Continue Reading →

Bitcoin crashed hard this weekend, and the selloff doesn't seem to be turning around too quickly this morning. The crypto markets have been unusually volatile recently, and a contributing factor may be the Chinese government's serious crackdown on bitcoin mining operations. Continue Reading →

The top global standard setter for banking regulation -- The Basel Committee for Banking Supervision, a group of global central bankers and regulators -- proposed a strict new rule that would require banks to set aside a dollar in capital for every dollar of bitcoin or other crypto assets they own. Stablecoins (cryptocurrencies pegged to traditional assets) would be subject to lower capital requirements. Continue Reading →