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Articles Posted in Blockchain

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Beware the Cryptocurrency Exchange Account

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…

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How to Avoid Crypto-Scams

How to Avoid Crypto-Scams Do you accept cryptocurrency in exchange for your company’s goods and services? Or are you thinking about it? Then you should probably be aware of various types of scams associated with this virtual currency, most of which fall into the “too good to be true” category,…

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Getting Paid in Cryptocurrency?

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…

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Who will regulate AI?

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…

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Metaverse Becoming a (Virtual) Reality

    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…

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What is a non-fungible token (NFT)?

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…

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Chicago Business Lawyer answers the Question: Is Bitcoin the same as Blockchain?

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. “Bitcoin” is a form of cryptocurrency and “blockchain” is the concept technology that underlies it. The concept of a blockchain was first conceived in…

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