Looking for a reason not to use a cryptocurrency exchange account?
If you are looking for a reason to use a cryptocurreny exchange account, you may now have a reason not to use one…..or at least check out the terms and conditions of the exchange.
One thorny question has arisen and needs the attention of everyone using an exchange account.
How to Avoid Crypto-Scams
Do you accept cryptocurrency in exchange for your company’s goods and services?
Or are you thinking about it?
The pros and cons of accepting Bitcoin and other online payments for small businesses
What are the risks of small businesses taking payments in Bitcoin and other cryptocurrencies? What are the rewards?
But first, for the uninitiated, what are cryptocurrencies in the first place? They are decentralized digital exchange media that enable buyer-to-seller transactions to take place without a bank or other third-party processor involved. No matter how small your business is, you can take payments over this medium, as more than 30% of U.S. small businesses now do, according to data from Skynova. Bitcoin and Etherium are among the most commonly used.
If the robots start taking over, you can’t necessarily expect the government to protect you.
That isn’t to say the public sector isn’t paying attention. President Biden and Vice President Harris met recently with CEO’s of Microsoft, Alphabet Google’s and other leading artificial intelligence companies and pushed the message that AI products—particularly the generative AI found in trending apps like ChatGPT—must have safety protocols built in place before they’re released.
Among the current and potential risks that Biden, who is himself a ChatGPT user, warned about include those to individuals, society at large, and the country’s national security—ranging from violations of privacy, to skewed decisions about employment, to misinformation campaigns, to outright scams.
The Metaverse
The metaverse isn’t just for gamers anymore.
With the rise of block-chain technology, cryptocurrencies, and non-fungible tokens (NFTs)—along with the increasingly realistic-looking realms created in virtual and augmented reality—these three-dimensional realms, best known for games like Fortnite and Roblox, are increasingly becoming a place to do business.
NFTs as a Business Asset
Simply put, NFT’s (or “tokens”) are digital assets. Various examples include movies, drawings, music, and digital artwork.
By their very definition, NFT’s are non-fungible, meaning that they cannot be traded for something else. For example, Da Vinci’s original Mona Lisa is non-fungible; only one original version exists, and there will only ever be one. Contrarily, U.S. dollars are fungible—trade one dollar for another dollar and you end up with the same thing.
George Bellas explains Blockchain Technology
What is bitcoin? Is it the same as blockchain?
The quick answer is that bitcoin is not the same as blockchain.
Chicago Business Attorney Blog