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Want to Lure Young Workers With Cryptocurrency? 3 Things to Know – GoLocalProv

Monday, February 14, 2022

Sam Slade, Business Contributor

In todays tight labor market, Bitcoin could give you an edge. But before you forego paychecks, here are 3 things to consider.

Comply with federal and state law: Some states require wages to be paid in US currency. However, others allow an employee to agree in writing to receive part or all of their wages in another form. No matter where you operate, youll want to make any program optional and have employees authorize their participation in writing.Decide how youll pay: You can either pay employees in their normal currency, with a portion of the wages then converted to the digital asset of their choice, or you could pay in the cryptocurrency itself. With the latter, keep in mind youll need to withhold and report payroll taxes, which could be a little more challenging administratively since youll need to determine the fair market value of the cryptocurrency.Disclose the risks: Bitcoin and other cryptocurrencies can be volatile and drop steeply in value. (In December, Bitcoin fell as much as 21% in a matter of hours.) Plus, theres the potential capital gains taxes theyll need to understand since cryptocurrencies are currently considered property by the IRS. Be sure to make employees aware of the risks and agree to them in their written acknowledgment.

These are just a few of the topics youll need to think about when considering digital currencies as a payment method. With many potential legal issues, its a good idea to consult your attorney first before making any decision to pay wages or bonuses in cryptocurrency.

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Coinbase giveaway: How to get $15 in free Bitcoin and opt in for $3M cryptocurrency sweepstakes – NJ.com

Coinbase had a Super Bowl 2022 commercial, and shortly after the ad aired, its own platform crashed.

Nonetheless, now that we have your attention, the cryptocurrency company announced its hosting a sweepstakes and giving away free Bitcoin to new users.

First, the free cryptocurrency offer: If you have yet to sign up, you can do so here. New users will receive $15 worth of Bitcoin, but only through Feb. 15.

Next, the giveaway: Coinbase is handing out $3 million worth of Bitcoin. To be eligible, you just have to opt in by Feb. 27.

There will be three winners, each rewarded $1 million worth of Bitcoin. Winners will be notified around mid-March.

One Bitcoin is currently worth over $42,000, according to real-time data tracked by CoinMarketCap (Market capitalization is constantly changing).

What is cryptocurrency?

Cryptocurrency is a digital asset designed to be used over the internet, according to Coinbase. Its decentralized, meaning it isnt controlled by the government or any other central authority such as a bank.

You can use cryptocurrency to buy products from retailers who accept it as payment, such as Overstock, or sell it to make a profit.

Other well-known cryptocurrencies besides Bitcoin include Dogecoin, Shiba Inu, Ethereum and Tether.

Where else can I buy cryptocurrency?

Crypto.com is another popular cryptocurrency trading platform, and also aired an ad during Super Bowl 2022.

Here are some other places where you can buy cryptocurrency:

You can also buy cryptocurrency on Venmo.

How much does it cost to buy cryptocurrency?

To invest, you dont have to buy one entire cryptocurrency, such as Bitcoin you can buy just a fraction. One Bitcoin is currently worth over $42,000, whereas one Dogecoin is not even worth 15 cents.

Ultimately, it depends on which cryptocurrency youre buying. Each has a different price and market value.

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Nicolette Accardi covers the online shopping industry, writing about commerce, daily deals and tips. She can be reached at naccardi@njadvancemedia.com. Follow her on Twitter: @N_Accardi.

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Triple digit rewards of staking offer respite to cryptocurrency investors – Business Standard

The recent guidance provided by the US Treasury Department on transaction reporting by crypto companies is shining some light on staking one of the least understood but hottest corners of the digital-asset world.

Treasury indicated on Friday that stakers would be spared from forthcoming rules that are more targeted for brokers rather than investors using their tokens to help order transactions that create new blocks on various blockchain networks. Thats especially good news for crypto investors seeking a refuge amid the recent downturn in coin prices.

Staking has been booming in part because of the incentive-based aspect of crypto where various new coins and blockchains are competing for validators by promising stratospheric annual returns in the form of new coins. The rewards have been so lucrative that more than 70 per cent of all tokens issued on many chains Solana, Binance Smart Chain and Cardano, among them were staked late last year, according to crypto researcher Messari and tracker Staking Rewards.

As staking options multiply and promised returns reach into the triple digits, the trend has only strengthened. In the fourth quarter, 7.7 per cent of all the coins that make up the roughly $2 trillion crypto universe were staked, up from 1.8 per cent in the year-ago period, according to staking provider Staked, a unit of the crypto exchange Kraken. And thats even as Bitcoin, most of Ethereum, XRP and various stablecoins that make up more than 70 per cent of the crypto markets total estimated value, dont allow for staking.

Thats likely changing fast, with all Ether expected to migrate to proof of stake this summer. The Ethereum network, the worlds most used blockchain, is running a smaller proof-of-stake network called Beacon in parallel with its main one to work out potential bugs.

I think it goes from 8 per cent (of Ether being staked) to 80 per cent very quickly, said Tim Ogilvie, chief executive of Staked. It will happen over a year or two. Ethereum staking may be one of the biggest changes in crypto weve seen in a long time.

Of the different ways to earn yield on crypto holdings, staking is generally seen as less risky than some other DeFi strategies such as yield farming. That said, new blockchains offering eye-popping rewards are often at risk of failing to attract enough transaction volume and making the coins rewarded worthless.

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Will Ethereum Be a Trillion-Dollar Cryptocurrency by 2025? – Motley Fool

The Ethereum (CRYPTO:ETH) cryptocurrency carries a total market value of $348 billion today. That's more than 18% of the total cryptocurrency market, which clocked in at $1.89 trillion at 2 p.m. ET on Monday afternoon. Will the second-largest cryptocurrency's market cap reach the $1 trillion benchmark in the next three years? Let's take a look.

You could consider a theoretical move from Ether's all-time high on Nov. 8, 2021, where it was worth $4,627 per token or $569 billion in total. From there, Ether could have reached $1 trillion by rising 76% higher.

But the last three months have been rough, as investors of all stripes have backed away from high-risk options such as cryptocurrencies and growth stocks. After a 40% drop, the Ethereum blockchain network's token needs to gain roughly 187% to reach a full trillion dollars from today's prices.

So we're looking at Ethereum prices nearly tripling over roughly three years. Historically speaking, that's a pretty low bar to clear. The token has gained 2,260% over the last three years, for example -- including that 40% plunge from November's peak. Viewed in a different light, Ether has gained roughly 187% in the last 13 months. Of course, the ride has not been smooth, but the kind of move required for Ether to reach $1 trillion from here has been fairly commonplace so far. And it was more than just a sectorwide rising tide that lifted all cryptocurrency boats. Ethereum achieved this near-tripling gain while larger peer Bitcoin (CRYPTO:BTC) only rose 24%, roughly in line with the stock market.

Ethereum Price data by YCharts

The Ether token has several important price-boosting tailwinds at its back.

I wouldn't hold my breath waiting for the legislative and regulatory processes to grind their wheels, but the other three price drives could catch fire at any moment. In particular, Ethereum's technology upgrades should take full effect no later than 2023. Some of the upside from that event has probably been priced into Ethereum's tokens already, but we have not seen the full effect yet.

So yes, I expect Ether's market cap to exceed $1 trillion by 2025, and quite possibly by a large margin. The Ethereum network has some growing up to do, and investors should be able to take advantage of that constructive process.

This article represents the opinion of the writer, who may disagree with the official recommendation position of a Motley Fool premium advisory service. Were motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.

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"Absolutely", Says Uber CEO When Asked If Company Will Accept Cryptocurrency In The Future For Payments – NDTV Profit

Uber has said it's customers will be able to pay for their rides through cryptocurrency in future

If you are a regular traveller on Uber, in the future you may be able to pay for your trips using cryptocurrency. The ride-hailing app's CEO Dara Khosrowshahi said that customers will ultimately be able to pay for their rides with Bitcoin, and added that the company is waiting for a few improvements before giving the go-ahead. The Uber CEO further stated that the company was having conversations all the time about whether or not it should start accepting cryptocurrency as a means of payment. Is Uber going to accept crypto in the future? Absolutely, at some point, Mr Khosrowshahi told Bloomberg.

Mr Khosrowshahi, however, did not give any kind of indication of when this may happen. Though the company's focus is on Bitcoin, Mr Khosrowshahi said other cryptocurrencies such as Ethereum could also be options.

As of now, Uber hasn't jumped into the cryptocurrency bandwagon due to a few obstacles, said Mr Khosrowshahi. These include the environmental impact of mining the digital coins, which consumes a lot of electricity, as well as the high costs of digital asset exchanges, where the transaction fees are very high. He added that the company would lean into crypto when the exchange mechanism gets less expensive and the digital assets stop leaving an unnecessarily large carbon footprint.

Though the interest in cryptocurrencies has increased in recent years, many companies have been slow to accept them as a mode of payment. In 2014, Microsoft started accepting Bitcoin as a means of payment in its online store. Recently, Tesla began accepting Dogecoin, a meme cryptocurrency, for some of its products in its online store.

Volatility is one of the major concerns when it comes to cryptocurrencies as a form of payment, even though proponents of the digital assets have long argued that the tokens should be recognised as a form of payment.

At the time of writing, the price of Bitcoin, according to CoinMarketCap, was $42,201.61 (roughly Rs. 31.83 lakhs) down considerably from its all-time high of $69,000 (roughly Rs. 52 lakhs) in November 2021.

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Edmonton police issue warning about cryptocurrency investment scams on dating platforms – Edmonton Journal

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Police said it's a massive increase compared to 21 occurrences in 2021 with a loss of $270,000 and 2019 where just four incidents were reported with a loss of $84,000

Some Edmontonians looking for love last year are collectively down more than $5 million after being victimized by cryptocurrency investment scams, police said.

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Edmonton Police Service (EPS) is warning residents of cryptocurrency investment scams due to the crimes rapid rise in the city.

In 2021, the EPS cybercrime investigations unit identified 87 cryptocurrency investment complaints with a monetary loss of over $5.29 million. Police said its a massive increase compared to 21 occurrences in 2020 with a loss of $270,000 and 2019 where just four incidents were reported with a loss of $84,000.

EPS cybercrime units Det. Dana Gehring said a number of the investment scams started on an online dating platform.

We know online dating is extremely common, so we want to ensure Edmontonians know the signs of a potential romance investment scam and understand that dating sites and social media should not be where you find cryptocurrency investment tips, said Gehring.

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EPS said a fraudster would approach the victim on a dating or social media platform and claim to live in Canada, with many saying they lived near Edmonton but were currently out of town. Geographical separation is a common romance scam tactic, said police.

Police added a fraudster would move the conversation off the dating platform onto a messaging app as soon as possible and then delete their dating profile. These fraudsters also keep communication to the messaging apps, no video calls or in-person meetings.

Victims were initially told to send their cryptocurrency to a legitimate trading platform, but after trust had been built with the fraudster, they would be directed to a new investment website, which was fraudulent and controlled by scammers, EPS said.

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We quickly trust strangers online, especially if we feel an emotional connection to them, so if that potential partner appears to be an expert and guarantees quick, high returns, it sounds perfect, said Gehring. That should be the first red flag investments arent perfect.

EPS encourages Edmontonians to conduct online searches for the phone number or address given by the person they are speaking with online, to call them and have video chats, research the websites and apps associated with the investment and meet them in person. Police said do not send personal documents or money without meeting someone first.

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Cryptocurrency Crypto.com Coin Decreases More Than 6% Within 24 hours – Benzinga – Benzinga

Crypto.com Coins (CRYPTO: CRO) price has decreased 6.43% over the past 24 hours to $0.47, continuing its downward trend over the past week of -3.0%, moving from $0.49 to its current price.

The chart below compares the price movement and volatility for Crypto.com Coin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

Crypto.com Coins trading volume has climbed 30.0% over the past week along with the circulating supply of the coin, which has increased 0.02%. This brings the circulating supply to 25.26 billion. According to our data, the current market cap ranking for CRO is #15 at 12.05 billion.

If you are interested in purchasing Crypto.com Coin and want to know the best cryptocurrency exchanges, follow this link to Benzinga Money.

Do you want to learn more about trading and be able to analyze your own portfolio of stocks or cryptocurrencies? Consider signing up for Benzinga Pro. Benzinga Pro gives you up-to-date news and analytics to empower your investing and trading strategy. You can follow the link here to visit.

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This article was generated by Benzingas automated content engine and reviewed by an editor.

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Switzerland’s Largest Bank UBS Suggests Alternative Ways of Investing in Cryptocurrency Markets and Prices Bitcoin News – Bitcoin News

Switzerlands largest bank, UBS, has suggested some investment strategies for investors seeking to gain exposure to crypto assets with less risk than investing directly in bitcoin, ether, or other cryptocurrencies. There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks of holding bitcoin or rival cryptos, the UBS analysts explained.

The UBS Global Wealth Management team published a research note last week on alternative investments to directly holding cryptocurrencies.

The banks analysts, led by UBS Chief Investment Officer Mark Haefele, explained that direct exposure to cryptos is highly speculative. They believe that bitcoins recent fall from a record high in November last year has undermined two of the most common defenses of the asset class.

The UBS report details: The first is that it provides an effective form of diversification from traditional financial assets, such as equities Second, it is getting harder to see cryptos as a form of digital gold that provides protection against elevated inflation.

While maintaining that direct exposure to crypto assets is highly speculative, the UBS analysts emphasized that it does not mean that the technology underlying digital assets holds no promise for investors. They described:

We see a range of possible applications from financial services and healthcare to luxury goods leading to a potential USD 1 trillion boost to global GDP over this decade.

There are several main ways investors can access this potential while avoiding the high volatility and regulatory risks of holding bitcoin or rival cryptos, the UBS analysts continued.

The first strategy the analysts suggested is to invest in companies that build the necessary infrastructure for the crypto ecosystem, citing that they are likely to benefit from the more widespread use of distributed ledger technology (DLT) applications.

The UBS analysts explained: The growth of DLT applications will require more hardware to validate the activities on the network, including application-specific integrated circuits (ASICs), application processors, and graphics processing units (GPUs). Other enablers include software makers and data center-related companies that help build the overall infrastructure.

Secondly, the UBS analysts noted:

An even bigger opportunity, in our view, sits with the platform companies that can embrace DLT-based applications.

As the technology is increasingly used over the next 510 years, we see opportunities from the introduction of new product services and categories, possible savings from the use of technology, potentially lower prices, and an overall improvement in business efficiency, they detailed.

These companies span different industries like internet, fintech, software, IT services, consumer services, and insurance, and can wield digital asset technology to offer a breadth of services like payments, trade finance, custodianship, supply chain management, automation, and consulting, the UBS report concludes.

In January, UBS warned of a crypto winter amid expectations of Fed rate hikes and regulation. Widespread cryptocurrency speculation inevitably invites closer oversight to guard consumers and protect financial stability, the analysts warned.

What do you think about the alternative crypto investing strategies suggested by UBS? Let us know in the comments section below.

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Computer Science MIT EECS

Computer science deals with the theory and practice of algorithms, from idealized mathematical procedures to the computer systems deployed by major tech companies to answer billions of user requests per day.

Primary subareas of this field include: theory, which uses rigorous math to test algorithms applicability to certain problems; systems, which develops the underlying hardware and software upon which applications can be implemented; and human-computer interaction, which studies how to make computer systems more effectively meet the needs of real people.The products of all three subareas are applied across science, engineering, medicine, and the social sciences. Computer science drives interdisciplinary collaboration both across MIT and beyond, helping users address the critical societal problems of our era, including opportunity access,climate change, disease, inequality and polarization.

Our goal is to develop AI technologies that will change the landscape of healthcare. This includes early diagnostics, drug discovery, care personalization and management. Building on MITs pioneering history in artificial intelligence and life sciences, we are working on algorithms suitable for modeling biological and clinical data across a range of modalities including imaging, text and genomics.

Our research covers a wide range of topics of this fast-evolving field, advancing how machines learn, predict, and control, while also making them secure, robust and trustworthy. Research covers both the theory and applications of ML. This broad area studies ML theory (algorithms, optimization, ), statistical learning (inference, graphical models, causal analysis, ), deep learning, reinforcement learning, symbolic reasoning ML systems, as well as diverse hardware implementations of ML.

We develop the next generation of wired and wireless communications systems, from new physicalprinciples (e.g., light, terahertz waves) to coding and information theory, and everything in between.

We bring some of the most powerful tools in computation to bear on design problems, including modeling, simulation, processing and fabrication.

We design the next generation of computer systems. Working at the intersection of hardware and software, our research studies how to best implement computation in the physical world. We design processors that are faster, more efficient, easier to program, and secure. Our research covers systems of all scales, from tiny Internet-of-Things devices with ultra-low-power consumption to high-performance servers and datacenters that power planet-scale online services. We design both general-purpose processors and accelerators that are specialized to particular application domains, like machine learning and storage. We also design Electronic Design Automation (EDA) tools to facilitate the development of such systems.

Educational technology combines both hardware and software to enact global change, making education accessible in unprecedented ways to new audiences. We develop the technology that makes better understanding possible.

The shared mission of Visual Computing is to connect images and computation, spanning topics such as image and video generation and analysis, photography, human perception, touch, applied geometry, and more.

The focus of our research in Human-Computer Interaction (HCI) is inventing new systems and technology that lie at the interface between people and computation, and understanding their design, implementation, and societal impact.

We develop new approaches to programming, whether that takes the form of programming languages, tools, or methodologies to improve many aspects of applications and systems infrastructure.

Our work focuses on developing the next substrate of computing, communication and sensing. We work all the way from new materials to superconducting devices to quantum computers to theory.

Our research focuses on robotic hardware and algorithms, from sensing to control to perception to manipulation.

Our research is focused on making future computer systems more secure. We bring together a broad spectrum of cross-cutting techniques for security, from theoretical cryptography and programming-language ideas, to low-level hardware and operating-systems security, to overall system designs and empirical bug-finding. We apply these techniques to a wide range of application domains, such as blockchains, cloud systems, Internet privacy, machine learning, and IoT devices, reflecting the growing importance of security in many contexts.

From distributed systems and databases to wireless, the research conducted by the systems and networking group aims to improve the performance, robustness, and ease of management of networks andcomputing systems.

Theory of Computation (TOC) studies the fundamental strengths and limits of computation, how these strengths and limits interact with computer science and mathematics, and how they manifest themselves in society, biology, and the physical world.

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Computer Science MIT EECS

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Computer science (BS) – School of Computing and Augmented …

Graduates with a degree in computer science find employment working in a variety of capacities ranging from computer and software design to development of information technologies. Their jobs are often distinguished by the high level of theoretical expertise they apply to solving complex problems and the creation and application of new technologies. Some computer science-related jobs may include:

With the theoretical foundation built in the program, computer science graduates can excel in system and software development, as well as in designing effective computing solutions for emerging and challenging problems in modern society. Skills in system development and research can lead to entrepreneurial activity that produces innovative computing products and services. Learn more about the objectives and outcomes of the BS degree in computer science.

The computer science, BS program at Arizona State University is accredited by the Computing Accreditation Commission of ABET, http://www.abet.org. Student enrollment and graduation data are available at engineering.asu.edu/enrollment.

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