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The majority of people will have their wealth progressively eaten away by the devaluation of money, according to Arthur Hayes, the co-founder and former CEO of crypto derivatives exchange BitMEX. According to Hayes, due to the huge amount of public debt accumulated by the world’s largest economies, governments will have no
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Chinese tech giant Tencent has received a patent for blockchain-based notices for missing persons, as the tech firm continues to explore blockchain applications despite shutting one of its non-fungible token (NFT) platforms recently.See related article: Tencent’s Huanhe allows NFT refunds, halts further salesFast factsTencent’s design could enhance the efficiency of
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According to local news outlet 36kr.com, Chinese technology conglomerate Tencent recently received a novel patent for a blockchain-based missing person's poster. The patent took nearly three years to be awarded from the date of its first submission in December 2019.The patent consists of a data generation request upon user submission
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On Oct. 9, 2019, the United States Internal Revenue Service issued Revenue Ruling 2019-24 and a series of frequently asked questions, identifying rules governing U.S. taxation of digital currencies. Taxation in the U.S. is unbelievably complex, but the new IRS guidance takes a step-by-step approach to address some of
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