Joey Hofmeister, Author at TheShift Research

The metaverse could be an $8 Trillion opportunity says Morgan Stanley

The Metaverse. We’ve all heard the term but what is it really? Although many paint the metaverse as a giant digital world, a more realistic way to think of it is interoperable enhanced digital experiences; interoperable meaning one can easily interconnect their online avatar, profile and digital belongings among various platforms and use them together, […]

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Investing in NFTs without owning one

NFTs named Collins Dictionary’s word of the year, yet most don’t understand what they are, or how to get in on the action. First off if you haven’t read our article on NFTs you can find that here. But if you understand NFTs and you want to get in on the buzz here’s how. You

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The difference between the Bitcoin & Ethereum Blockchains

Bitcoin Blockchain The Bitcoin blockchain is sometimes called the first generation blockchain because it was effectively the first-ever iteration of blockchain technology. This blockchain is essentially a decentralized peer-to-peer electronic transaction system, meaning individuals can transact directly with each other over the blockchain with no middle man. Bitcoin uses a specific verification method, more commonly

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Young Ukrainian escapes to Poland with $2,000 in Bitcoin on a hard drive

On February 24th at 9 am, 20 y/o Fadey woke up in the western Ukrainian city of Lviv to his phone being blown up with messages from his friends asking what was happening on the ground in his location. As Fadey scrambled to check the news, he concluded that His country was under attack from one of

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These three Billionaires are Bullish on crypto

Recently, Michael Saylor, co-founder of MicroStrategy and bitcoin enthusiast, Steve Wozniak, co-founder of Apple, and Elon Musk, founder of too many companies to name, expressed their bullishness on cryptocurrency. As the consumer price index rose to 7.9% year over year for February, up 90 points from January’s 7%. Michael Saylor and Elon Musk took to

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After a huge year in 2021 NFTs are slowing down

NFTs had a giant year in 2021. According to a report from nonfungible.com, the NFT Market hit $17.6 Billion dollars in trading volume for 2021, a 21,000% increase from 2020s $82 million. Although $17.6 billion is a large number, some other reports estimate that the total trading volume is far higher. Chainalysis, a blockchain analysis firm, estimated that

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Crypto Taxes in the United States (as of march 2022)

We are now entering the infamous and nationally dreaded time of the year, known as tax season. With crypto being such a new asset, there may be some confusion or uncertainty around it as it pertains to taxes. Here’s a brief breakdown to help you navigate reporting any gains/losses you may have from crypto when

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BSTX the first-ever blockchain-based securities exchange

The SEC has just recently approved the BSTX as the newest national securities exchange. The joint venture between tZERO Group, Inc., and BOX Digital Markets LLC, is to be the first-ever SEC Regulated, fully automated securities exchange that leverages blockchain technologies. But What even is the benefit of this new exchange? Here is the breakdown of this new exchange,

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Confusion regarding taxes on staking rewards

A Nashville couple Filed a complaint in may of 2021 against the U.S. Government regarding a tax bill they had received from the IRS. The complaint issued by the Jarrett family stated that the 8,876 Tezos (XTZ) tokens they had accumulated through staking should not be classified as income. Recently there has been a further update on this case,

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NFTs explained

The Term NFT to most people is a very fugazi term as are many things related to “the blockchain”. Many people often think of an NFT as a jpeg file that’s just hosted on a blockchain which generally raises the question “how are these valuable?” This definition of NFT is a major misconception, and some

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