Month: January 2024
How X Could Bring Crypto Payments to Argentina
X recently secured a money transmitter license in Utah, shortly after Elon Musk unveiled his Dogecoin holdings. The license comes as Musk seeks to turn X into an “everything app” modeled after the likes of […]
US government backtracks on its Crypto Tax Reporting Rule
The United States Treasury Department and Internal Revenue Service (IRS) recently announced revisions to their crypto tax reporting rule. It originally mandated extensive reporting for crypto transactions exceeding $10,000. The Treasury now informs businesses that […]
Socket Protocol Faces Security Breach, Urges Users to Take Action
In a recent post to its followers, interoperability protocol, Socket Protocol, reported a security breach and strongly recommended users to promptly take action to prevent any potential loss of funds. “Socket has experienced a security […]
Here’s Why the Shiba Inu (SHIB) Price Bounce Can Continue
The Shiba Inu (SHIB) price bounced on January 8, validating a horizontal support area while doing so. Can SHIB sustain its bounce and break out from its corrective pattern, or will more downside follow? Shiba […]
Bitcoin (BTC) Miner Core Scientific (CORZ) to Emerge From Bankruptcy, Relist Shares This Month
At the peak of the 2021 bull market, when the bitcoin price rose more than $60,000, the company was the largest publicly traded bitcoin miner by computing power or hash rate, operating 143,000 mining rigs. […]
This Is How AI Misinformation and Deepfake Scams Affect Crypto
The crypto industry faces a new wave of sophisticated scams, propelled by the misuse of artificial intelligence (AI) and deepfake technology. MicroStrategy CEO Michael Saylor has recently warned the market of this alarming trend. Saylor’s […]
Coinbase's SEC Clash Faces First Major Test as Judge Weighs Longshot Dismissal
Coinbase is about to make its case in a federal courtroom that the U.S. Securities and Exchange Commission (SEC) is wrong about its legal arguments that the crypto exchange has been trading unregistered securities. What […]
Why Spot Bitcoin ETFs May Have Triggered a New Bear Market
The recent approval of spot Bitcoin ETFs (exchange-traded funds) by the US Securities and Exchange Commission (SEC) has sparked intense debate. This pivotal move, overshadowed by centralization and market volatility concerns, poses a significant question. […]
Crypto Can Be a Coordination Layer for Artificial Intelligence
The mainstreaming of AI means compute power is at a premium. Decentralized Physical Infrastructure Networks (DePINs) can fill a gap, says Shayon Sengupta, at Multicoin Capital. Source link
