Non-fungible tokens, or NFTs, are still a relatively new movement in digital consumerism. However, their impact has already created a long-lasting effect that will transform the e-commerce market in the years to come.

Nothing strikes fear into a cryptocurrency trader like being forcibly disconnected from the cloud. Technology downtime insurance provider Parametrix would like to make traders less fearful by offering cloud downtime insurance for crypto companies.

Regardless of all the buzz and activity around crypto, some demographics are still just not ready to veer away from what's familiar. Even though there is apprehension, many still understand that things are changing and that they must get on board or be left behind. For those who are not prepared for...

For many newcomers to crypto investing the learning curve can be steep. There may be hesitancy if people do not feel comfortable with the level of security on a given crypto platform. Accordingly, there needs to be a level of trust built by the platforms to ease the minds of people just getting star...

A Russian-language dark web marketplace called Hydra that is known to facilitate the illegal sale of narcotics has seen cryptocurrency transactions soar over the last five years. According to a report by Flashpoint and Chainalysis, Hydra's crypto business began accelerating in 2017 after its chief c...

As the value of cryptocurrencies continue to soar, new investors are eager to get in on the action, and scammers are more than willing to accommodate them. According to the Federal Trade Commission, claims of losses from cryptocurrency fraud skyrocketed from October 2020 to March 2021. The median lo...

As cryptocurrency values continue to rise, cryptojacking becomes more attractive to cybercriminals. Now, a powerful hardware-based threat detection technology is being integrated into a Microsoft enterprise security product to help protect businesses from cryptojacking malware. The action integrate...

An increasing number of businesses and even public companies are showing interest in Bitcoin. However, not all chief financial officers of these institutions are convinced to invest in the digital currency as a corporate asset any time soon. According to a recent survey of finance executives by Gart...

Libra, the digital currency announced by Facebook last year, is getting a new name. Libra will now be Diem. The new name will reenforce the currency project's independence, according to a statement released by the Libra Association, which is also changing its name. From now on it will be the Diem As...

TECHNOLOGY LAW CORNER

You Might Owe Cryptocurrency-Related Taxes

Got your attention? We thought so. In a recently published Notice, the IRS seems to be offering some cautionary advice about the legal risks associated with using cryptocurrencies to avoid capital gains taxes. Likely displeased by the volume of folks who have utilized cryptocurrencies to avoid repor...

If you are ready to jump into the digital world of a bitcoin economy, Cryptocurrency OS might be your most convenient way to fast-track your entry. Cryptocurrency OS is a specialty Linux distribution that serves a niche user market destined to grow as the crypto economy continues to develop. This di...

The U.S. Treasury Department has "very serious concerns" about Facebook's new Libra cryptocurrency, according to Secretary Steve Mnuchin. "Libra could be misused by money launderers and terrorist financiers. Cryptocurrencies, such as Bitcoin, have been exploited to support billions of dollars of ill...

Facebook's plans to mint its own digital coin next year will test the company's consumer credibility. After being savaged for months for its cavalier attitude toward users' privacy, the social network will be asking those same users to trust its new cryptocurrency. The currency, called "Libra," will...

Facebook has released details about Libra, its long-rumored cryptocurrency. The company outlined plans "for a new decentralized blockchain, a low-volatility cryptocurrency, and a smart contract platform that together aim to create a new opportunity for responsible financial services innovation." The...

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