IRS is Positioning Itself for a Smooth Transition from Education to Enforcement in 2021
According to the latest announcement by Don Fort, the former chief of the Internal Revenue Service (IRS) is shifting from education to enforcement. Over the past several years, the IRS has frequently warned that taxpayers who violate the law while using virtual currency will be entering a new phase this year as the…
A Comprehensive Guide on Smart Contracts in Blockchain
Are you looking forward to becoming a smart contract developer? Well, this article provides a comprehensive guide on smart contracts, enlisting its key advantages over traditional contracts, its use-cases across various industries, focusing on challenges. So let’s get started. Table of Contents Smart Contract: A Self-Enforcing Agreement Key Advantages of Smart Contracts Over Traditional Contracts…
Here is Why Insurance Industries are Embracing Blockchain Technology
Wondering can Blockchain Technology help in revamping the insurance industry? What are its use-cases? Well, we have got you covered. This article talks about the flaws associated with the current insurance industry, explaining the role of Blockchain. So let’s get started. Table of Contents Flaws with the Current Insurance Industry Role of Blockchain in Insurance …
Russell Okung Received Half of his Base Salary in Bitcoin
According to the latest announcement, Russell Okung becomes the first NFL player to receive his salary in the form of Bitcoin. Back in 2019, Okung tweeted, saying, ‘Pay me in Bitcoin,’ and since that tweet, the price has risen over 270%. Pay me in Bitcoin. — russ (@RussellOkung) May 14, 2019 Finally, on December 29,…
Coinbase Plans to Suspend Trading for the Token XRP
According to the latest announcement, Coinbase, which is one of the major cryptocurrency exchanges, will suspend trading for the token XRP. Coinbase Chief legal officer Paul Grewal mentioned in a blog post that the platform will entirely suspend XRP trading starting on Tuesday, January 19, 2021, at 10 AM PST. This announcement has been made…
Exciting Announcements Related to Blockchain That You Should Know
If you are a Blockchain enthusiast, you must keep yourself updated about the latest developments, partnerships, among others. This article provides an overview of Blockchain technology, enlisting the top three announcements that have been made recently. Table of Contents Overview of Blockchain Technology Top 3 Announcements So Far Wrapping Up Overview of Blockchain Technology Blockchain…
What Factors Influence Blockchain Developer Salary?
Are you already a Blockchain Developer or want to get started as a one? Wondering how to earn high package salaries? Which factors influence the salary of a developer? You have landed on the right page. This article will answer all your questions. So let’s get started. Table of Contents Salary Range of a Blockchain…
Russia’s VTB Pilots Bank Guarantees on Blockchain
According to the latest announcement, VTB, Russia’s second-largest bank, has piloted a blockchain-based system to issue bank guarantees. VTB announced that it had provided a bank guarantee backed up by Blockchain technology to the country’s biggest mobile cellular network provider, MTS. In the midst of several Russian banks aggressively pursuing blockchain technologies, VTB’s attempt to…
Wolfram Alpha is Integrating Data from the Cardano Blockchain
According to the recent announcement, Wolfram Blockchain Labs (WBL), a subsidiary of Wolfram Research, teamed up with IOHK that was founded in 2015. As part of this collaboration, Wolfram and IOHK will integrate Cardano’s blockchain data into Wolfram Alpha. It is expected that the combined efforts will be rolling out in late 2021. This innovative…
New Security System for Smart Contracts to make DeFi Transactions More Secure
This article talks about Ethereum Trust Alliance — a group of blockchain companies working on a security system for smart contracts. The article explains the concept of smart contracts, why Ethereum Trust Alliance is working on smart contracts security mechanisms, highlighting a new registry system. Table of Contents Understanding Smart Contracts Why New SecurityStandards for…
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