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Bitcoin Makes Historic First Appearance In US Supreme Court Opinion

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hyperclocker shares a report from CCN: Thursday marked a historic day for bitcoin, as the flagship cryptocurrency made its first appearance in an opinion published by the U.S. Supreme Court. The case, Wisconsin Central Ltd. v. United States, did not involve bitcoin's regulatory or legal status. Rather, it examined whether employee stock options represent taxable compensation under the Railroad Retirement Tax Act of 1937. That may seem like an unlikely place for a discussion of bitcoin to appear, however, as justices noted in both the majority and dissenting opinions, the case forced them to consider a fundamental question that has also taken on a renewed importance in the decade following the publication of the Bitcoin white paper: "What is money?" "Ultimately, the 5-4 majority ruled that employees should not be taxed for exercising stock options since the action does not constitute 'money remuneration,'" the report adds. "However, writing in a dissenting opinion, Justice Stephen Breyer argued for a 'broader understanding of money' and said that stock options should be classified as taxable compensation."

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1 day ago
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The Best Credit Cards for Grocery and Dining Out Rewards

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Food is the third-biggest expense for American households, which means if you’re not maximizing your cash-back rewards on groceries and dining out you could be missing out on a not-insignificant amount of money.

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The US Startup Is Disappearing

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Dan Kopf, writing for Quartz: Historically, startups have been the engine of US economy. By creating new jobs and surfacing new ideas, startups play an outsized role in making the economy grow. It's too bad they are a dying breed. While companies that were less than two years old made up about 13% of all companies in 1985, they only accounted for 8% in 2014. From around 1998 to 2010, the share of private sector workers in companies that were less than two years old plummeted from more than 9% to less than 5%. A new report from the Brookings Institution, finds that in nearly every industry, from agriculture to finance, the share of new companies is falling.

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Search is on For Cobalt-Free Batteries As Metal Gets Increasingly Rare and Expensive

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An anonymous reader writes: Conamix, a little-known startup based in Ithaca, New York, has raised several million dollars to accelerate its development of cobalt-free materials for lithium-ion batteries, the latest sign that companies are eager to find alternatives to the increasingly rare and expensive metal. The problem: The price of cobalt has more than doubled in recent months, as global demand skyrockets for the lithium-ion batteries that power electric vehicles and smartphones. It's also being driven up by the fact that the metal is mined primarily in the Democratic Republic of Congo, where labor and corruption issues are rife. Earlier this year, the nation decided to raise royalties on cobalt and other metals. Given the ambitious expansion plans of lithium-ion producers, the world will face cobalt shortages by the early 2020s, according to Bloomberg New Energy Finance. This is keeping prices of lithium-ion batteries high and preventing major automakers from lining up long-term supply deals on favorable terms. The mounting threat to electric-vehicle growth has prompted a growing number of companies to explore other solutions.

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At last, a use for Intel's SGX – locking AI and blockchain, says Intel

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Bias-enabling algorithms and smart contract tech no one quite trusts now easier to secure

At the Cyber Week security conference in Israel on Tuesday, chip giant Intel plans to discuss how it is addressing threats to the overexposed tech celebrities known as AI and blockchain.…

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2 days ago
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The World's Greatest Board Game Is Available For Way Less Than Its Reseller Going Rate [Update: Even Cheaper Now]

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Update: Amazon is sold out, Walmart also has it in stock for the same price, but they’ll knock off an extra $5 if you pick it up in store. They do this to save on shipping costs, because again, this board game weighs 20 POUNDS!

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