Article: Is Blockchain the Future of Esports?

Blockchain, Digital Content, Innovation

Is Blockchain the Future of Esports?

Trust is a major issue in the online world. Cases of game developers who are never paid are common in the modern world. Blockchain provides the perfect platform where game developers can interact with their clients in real-time.

Smart contracts also come in handy when distributing prize money between the organizers and game developers. The transparency of the blockchain networks also makes players comfortable engaging in such tournaments as rigging cases are eliminated.

eSports and Blockchain seem like a match made in heaven. However, we are still to experience all the benefits that Blockchain can have on the eSports sector. Even though eSports is getting mainstream, we are yet to see the coverage that is supposed to get

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Article: LBRY Cryptocurrency Prosecution Shows SEC’s Misplaced Priorities

Blockchain, Crypto, Media

LBRY Cryptocurrency Prosecution Shows SEC’s Misplaced Priorities

The SEC remained mostly silent during the ICO boom but then flooded alt-coin founders with a tsunami of subpoenas beginning in 2018. To be sure, some ICOs were scams and deserved prosecution, but others were and are legitimate companies building out viable networks and providing value to purchasers and consumers.

LBRY, Inc. is one such company. It promotes an “open, free, and fair network for digital content” and boasts 10 million users. Someday it could rival YouTube, Amazon, and other video content providers. But first it risks bankruptcy in a legal fight with the government for violations that lack victims.

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Article: Crypto Climate Accord will shift cryptocurrency industry to 100% renewable energy by 2030

Crypto, Web 3.0

Crypto Climate Accord will shift cryptocurrency industry to 100% renewable energy by 2030

Cryptocurrency is so hot it might melt the polar ice caps. But a new group dubbed the Crypto Climate Accord is debuting today as a way to head off that particular apocalypse.

The group is a private sector initiative aimed at making the cryptocurrency industry 100% renewable in energy consumption by 2030. The group is a partnership of Energy Web, RMI, and the Alliance for Innovative Regulation (AIR). The group brings together parties including CoinShares, ConsenSys, Web 3, Ripple, the United Nations, and others who want sustainable blockchain and crypto technology.

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Article: How Is Cryptocurrency Taxed?

Blockchain, Crypto

How Is Cryptocurrency Taxed?How Is Cryptocurrency Taxed?

Crypto taxes are based on a 2014 IRS ruling that determined cryptocurrency should be treated as a capital asset (like stocks or bonds), rather than a currency (like dollars or euros). This decision has major ramifications for people who own crypto, as it opens them up to more complicated taxes.

Capital assets are taxed whenever they are sold at a profit. When you purchase goods or services with cryptocurrency, and the amount of crypto you spend has gained in value over what you paid for it, your spending incurs capital gains taxes.

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