insert_link Tech Made Simple Just What exactly IS an NFT, and Why Should You Care? An NFT stands for Non-Fungible Token. Something's that's fungible can be replaced by something else that means the same - like swapping $10 for 10 $1 bills. Non-fungible, then, means that it's completely unique - like a one-off pressing of a vinyl record, a unique manuscript or a particular painting. The NFT is like a certificate of authenticity, deed or ownership to an asset, so it's this that can be […] todayMarch 18, 2021
insert_link Tech Made Simple IRS backtracks on whether Video Game Currencies are Taxable Last week, CNN reported that the IRS quietly changed a provision on its website that said transactions of virtual currency like Fortnite’s V-bucks were taxable and may have to be reported on tax returns, as reported by CNN. The provision had been on the IRS’s website since at least October. On the archived version of the site, bitcoin, Ether, Roblox (likely referring to Robux from the game Roblox), and V-bucks […] todayFebruary 21, 2020
insert_link Tech Made Simple Why Visa and Others are Bailing on Facebook’s Libra Project When Libra launched last June, it seemed like an alarming new front in Facebook’s megalomaniacal expansion. Having captured billions of users and tens of billions of dollars in annual profits, the company would now be taking over currency itself. The company’s head of blockchain, David Marcus, laid out his plan for Libra in a detailed white paper, with some of the financial world’s most powerful companies already signed on to […] todayOctober 16, 2019
insert_link Tech Made Simple Here’s What You Can and Cannot Do with Your New Apple Card Apple has revealed more details about its upcoming credit card, and the Apple Card will come with one unique restriction and one not-so-unique restriction. Thanks to the card’s customer agreement, which was posted publicly on creditor Goldman Sachs’ website last week, we know now the Apple Card won’t play nice with a jailbroken iPhone, via 9to5Mac. And according to Reuters, it will also come with a ban on purchasing […] todayAugust 7, 2019
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