Once hailed as the "Ethereum of China," Neo's token price has fallen on hard times ever since the world's most populous nation introduced a series of acute bans on cryptocurrency operations last year. In an exclusive interview with Cointelegraph, Neo's developers — who wished to remain anonymous — explained that partners run most projects sponsored by Neo Global Development, or … [Read more...] about ‘China’s crypto ban had little impact on Neo,’ says organization’s developers
Organizations
Decentralized autonomous organizations: Tax considerations
A decentralized autonomous organizations (DAO) is an organization that is managed by a computer program powered by blockchain and run by a group of individuals who collectively vote to decide on organizational proposals. Typically, each member’s voting power is determined by their percentage interest in the DAO, which is calculated by dividing the digital assets contributed by … [Read more...] about Decentralized autonomous organizations: Tax considerations
From DOH! to DAO: The Rise of Decentralized Organizations
In the summer of 2016, Joe Lubin, one of the eight co-founders of Ethereum, was in midtown Manhattan to talk about how blockchain could transform accounting practices. While surely a fascinating topic, most people in the room that day wanted to know Lubin’s opinion in the wake of the theft of $55 million in ether from The DAO, a decentralized autonomous organization.This post … [Read more...] about From DOH! to DAO: The Rise of Decentralized Organizations