Digital Asset Staking: Your Top Tax Questions, Answered

At a glance The main takeaway: A U.S. District Court case out of Tennessee calls into question the taxability of staking rewards — specifically, whether those rewards generate taxable income. Impact on your business: Taxpayers who engage in staking, mining or similar activities currently operate in a tax “limbo,” but that may change with the development of…

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The Pulse on the Economy and Capital Markets: Dec 27 – Dec 31, 2021

At a glance: Overall, the U.S. performed well as stock markets closed out 2021 strong and leading economic indicators are pointing to global growth. While stocks outperformed in 2021, bonds had a rough year due to inflation trending higher than expected. Despite continued supply chain challenges and the rise in Omicron cases, U.S. manufacturers and…

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The Pulse on the Economy and Capital Markets: Nov 29 – Dec 3, 2021

At a glance: Overall, the markets struggled with commodities and crypto declining and Bitcoin fell 15 percent over the weekend. The defensive nature of the bond markets makes them the MVP over the last week. Investors are keeping an eye on how the Federal Reserve will address inflation. Technology markets saw semiconductors hold on strong…

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5 Ways to Close the Labor Gap in Cybersecurity

At a glance Job security growing pains: With the increase of daily cyberattacks, cybersecurity jobs have become more challenging as pressure and demands rise. Root of the issue: Technology professionals are in the driver’s seat and are seeking remote opportunities with more flexibility. Next steps: Organizations need to modernize their working models and perks to keep and attract…

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Big Changes for the Crypto World Part 1: How the Infrastructure Investment and Jobs Act will Impact Cryptocurrency

At a glance The main takeaway: The Infrastructure Investment Jobs Act was passed by Congress on November 5, 2021 and was signed by President Biden on November 15, 2021. The bill has some provisions which have the crypto world buzzing. Impact on you and your business: Those who deal in cryptocurrency will be required to report many…

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Big Changes for the Crypto World Part 2: How the Proposed Provisions in the Build Back Better Act will Impact Cryptocurrency

At a glance The main takeaway: The Build Back Better Act continues to be debated by the Senate. This bill also has some major provisions which have the crypto world buzzing. Impact on you and your business: Those who deal in cryptocurrency could lose the ability to skirt the Wash and Constructive Sale Rules if this bill…

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Blockchain: The New Fraud Fighting Tool

At a glance: More than a trend: From banking and currency to supply chain and manufacturing, blockchain technology can support a wide range of industries by delivering immediate, transparent, and secure information. Blockchain as a fraud preventative: Real-world uses for blockchain technology continue to expand as users realize its full potential to combat fraud; however, no system…

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Are Smart (Blockchain) Contracts Really Smart?

If you’ve ever been through an automatic car wash, you can appreciate the benefits of a smart contract. You drive to the payment station, select the kind of car wash you want, and make the payment. You are then prompted to pull up to the washing dock. At this point, you make sure all the…

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What is a Blockchain Wallet?

Q: How do you carry your bitcoins? A: In a wallet, of course. A wallet on any blockchain platform can be likened to a bank account, but without the hassle involved in opening the bank account. You can go to Bitcoin or Ether or MyEthereum.com and create your very own wallet in minutes. Unlike a…

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How Does Blockchain Work?

Blockchain technology is all about trust and transparency. In the current model of commerce, we place “assumed trust” in companies that provide a product or service — and in the intermediaries that facilitate the exchange of value. Take the simple act of purchasing a food item. We indirectly place our trust in every single vendor,…

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