Odell Beckham’s reported BTC salary tax debacle may provide a dire warning for anyone looking to get paid in crypto.
When we talk about the role of Bitcoin (BTC) or blockchain in business, we are talking about either business ventures building blockchain/cryptocurrency systems, products or infrastructure; or the integration and adoption of cryptocurrency in existing enterprises as a supported payment method.
Bitcoin and cryptocurrency businesses face incredible challenges on two fronts: regulation and adoption.
Over the years, many high-profile crypto businesses such as some of the leading exchanges have had to move operations across the country or to other countries entirely to avoid severely inhibiting regulatory constraints in certain jurisdictions.
At the same time, mainstream adoption by individuals and established businesses is a very steep uphill battle for entrepreneurs as they attempt to make crypto more accessible and compelling to enterprises and laypeople alike.
Stay tuned as we chronicle blockchain and cryptocurrency’s shifting role in the world of business.
The Blockscan Chat service enables users to message each other via their Ethereum wallet addresses.681
Grayscale added 25 tokens to those it is considering for investment products, and added AMP to its DeFi Fund while Coinbase listed four small projects.4164
Adam Dell, brother of the billionaire Michael Dell, has pinched an impressive team to help get the project started.2304
It looks like Meta is planning to jump ship, with inside sources saying that the crypto initiative is trying to sell its assets.2301
The Twitter feud between Elon Musk and McDonald's has escalated after the Tesla CEO offered to eat a happy meal on television5967
"I am fascinated by blockchain app development and am beyond thrilled to enter the Web3 space," says Wyatt.3871
Affected individuals should be able to use the digital funds for goods and services at more than 30 participating merchants in Haiti, with the option for vendors to cash out.932
Many in the crypto and blockchain space referred to Giancarlo as “Crypto Dad” for his role in supporting digital assets during his five years at the CFTC.589
“We’re exploring other ways, potentially, to redeem your membership rewards points, but I don’t think you’re going to see an American Express card linked to cryptocurrency anytime soon," said Stephen Squeri.2835
Experts believe that Africa is primed to lead the next wave of global crypto adoption.1886
Russian Finance Ministry official Ivan Chebeskov has opposed the proposed ban of cryptocurrency operations in Russia.3826
As Bitcoin’s price started trading below the $40,000 mark, crypto millionaires and investors on Twitter started sharing memes about getting jobs at fast-food restaurants.10420
“Crypto mining operations are price-sensitive entities that may be quickly scaled back or shut down if mining becomes uneconomical," said the agency.1600
Even as crypto markets succumb to bearish pressure, venture capital funds are deploying millions of dollars into blockchain startups.3208