Category: Information

Money is created in different ways depending on the type of money and the country or system in which it is used. The commercial bank Banks can lend out more money than they hold in deposits through a process known as fractional reserve banking. Under this system, banks are required to hold a certain percentage…

In 2019 Congress passed a law changing the required distribution rules for inherited IRAs in what is called the SECURE Act. These rules apply to all other qualified retirement plans such as 401(k) plans. Before the SECURE Act distributions from inherited retirement accounts could be spread over a beneficiary’s life expectancy (known as the Stretch…

What is a digital asset? A digital asset is a digital representation of value which is recorded on a cryptographically secured, distributed ledger. Common digital assets include: Everyone must answer the question Everyone who files Form 1040, Form 1040-SR or Form 1040-NR must check one box, answering either “Yes” or “No” to the digital asset…

AquaAdvantage is a genetically engineered Atlantic salmon developed by AquaBounty Technologies. It contains a growth hormone gene from the Chinook salmon and a regulatory gene from the ocean pout, which allows the fish to grow to maturity more quickly than non-genetically engineered Atlantic salmon. The fish is currently approved for sale in the United States…

Reckons Dell kit could have stretched that dollar further David Heinemeier Hansson, CTO of 37Signals – which operates project management platform Basecamp and other products – has detailed the colossal cloud bills that saw the outfit quit the cloud in October 2022. The CTO and creator of Ruby On Rails did all the sums and…

ConsenSys is a blockchain software development company that was founded by Joseph Lubin, who is also a co-founder of Ethereum. Infura is a service provided by ConsenSys that allows developers to access the Ethereum blockchain without having to run a full Ethereum node. Products ConsenSys is a blockchain software development company that offers a wide…

Coinbase and Binance are both popular platforms for buying, selling, and trading cryptocurrency, but they have some key differences. Coinbase is a US-based company that operates in over 100 countries and offers a simple and user-friendly platform for buying and selling Bitcoin, Ethereum, Litecoin, and other major cryptocurrencies. It’s a regulated platform, which means that…

The wash sale rule is a tax rule that applies to the sale of securities at a loss. It disallows a tax deduction for a loss on a security if the same or a substantially identical security is purchased within 30 days before or after the sale. The wash sale rule applies to both buying…

MetaMask is a digital wallet that allows users to make transactions on the Ethereum blockchain. It is a browser extension that can be added to Chrome, Firefox, Brave, and Edge, and it allows users to securely manage their private keys, store their Ethereum and other ERC-20 tokens, and interact with decentralized applications (dApps) on the…

Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (dApps). It is the second-largest cryptocurrency by market capitalization, after Bitcoin. Ethereum was first proposed in 2013 by Vitalik Buterin, a Canadian programmer and researcher. The platform went live in 2015, and its native cryptocurrency, Ether (ETH), is…