I provide mentorship to small business owners and often talk to them about how money circulates within a business and how it impacts income taxes. The discussion always turns to which federal tax form to use and which schedules go with it. Not every business is required to file all tax forms, and some forms are only required for specific businesses or in specific situations. You should … [Read more...]
Diving Into Three of Africa’s Emerging Fintech Economies
Africa could potentially have a very successful fintech industry if it became more sustainable. Africa has many different types of economies, but this analysis focuses on the three "flagship" economies of Kenya, Ethiopia, and Ghana. These are some of the most important and influential economies on the African continent, and their successes or failures can have ripple effects … [Read more...]
What is Web 3.0: A beginner’s guide to the decentralized internet of the future
Web 3.0 has the potential to be just as disruptive as Web 2.0 and to usher in a significant paradigm shift. Decentralization, openness, and increased usefulness for consumers are the fundamental ideas behind Web 3.0. Web 3.0 refers to the next stage in the evolution of the internet, which is designed to be more user-friendly and interactive. Now imagine an Internet that can understand … [Read more...]
Top 10 Congresspeople Working on Crypto Policy
This article is about the congresspeople who have established stances and policies for blockchain and cryptocurrency. While some congresspeople have established clear opposition to topics like Facebook's Libra or other cryptocurrencies, Cointelegraph believes that all of them are worth watching in 2020. Rep. Tom Emmer (R-MN) Mel Watt (D-NC) is a powerful ally to the cryptocurrency … [Read more...]
Decentralizing Data Storage With Storj: 10 Times Faster, 50 Percent Cheaper
This decentralization movement is gaining in scope and impacting many industries. Uberization is unstoppable and we certain about it. The data storage market is being largely influenced by the trend. The Cointelegraph interviewed James Prestwich, who is a co-founder of Storj. Storj is an open source platform for cloud storage that cannot be censored, monitored, or experience downtime. … [Read more...]
A deep dive into the 5 popular smart contract development platforms and their comparison
What is a smart contract? A smart contract is a computer program that automatically executes the terms of a contract stored on a blockchain. The program executes itself only when the conditions in the contract are met, thus eliminating the need for intermediaries. Additionally, having smart contracts in place decreases transaction costs significantly while increasing transaction … [Read more...]
BRICS Nations Discuss Shared Crypto to Break Away From USD and SWIFT
The BRICS economic bloc, which consists of Brazil, Russia, India, China, and South Africa, is reportedly discussing the possibility of issuing a cross-national digital currency in order to reduce the bloc's dependence on the United States economy. What will the new cryptocurrency look like, how does the BRICS group plan to use it and are there any existing projects underway that seek to … [Read more...]
Vitalik Buterin: The man who co-created Ethereum
Who is Vitalik Buterin: The Man Who Co-Created Ethereum Vitalik Buterin is a Russian-Canadian writer and programmer best known for his work on the cryptocurrency Bitcoin. He first became involved in the Bitcoin community in 2011 when he co-founded the magazine Bitcoin. He is mostly known for his work on Ethereum, a blockchain platform that serves as a decentralized computer for … [Read more...]
Bitcoin, Cryptocurrency and Taxes: What You Need to Know
If you don't live in a country where cryptocurrency gains aren't taxed, you'll need to figure out how to account for your bitcoin or other cryptocurrency holdings during tax season. There is a lot of ambiguity around cryptocurrency taxation because governments are still figuring out how to tax it. We need to follow the current laws even though they might be inconvenient, because if we … [Read more...]
Tapping Into Tokenization for Fresh Ideas: Changing Finance, Gaming and More
The digital record-keeping technology known as blockchain, which is used by Bitcoin and other cryptocurrency networks, has the potential to change the financial world. Promise is held in another area which is supply chain management. Blockchain technology can streamline supply chains by making deliveries faster and more affordable, increasing transparency of product origins, … [Read more...]