Japan rejects Bitcoin reserves over safety and volatility concerns. Private companies such as Metaplanet promote Bitcoin adoption despite government caution. Japan has, in effect, ruled out the use of Bitcoin for its national reserves. This, however, is despite the high interest worldwide in using it as a strategic asset. This move comes after a lawmaker, … Read more
I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods … Read more
Howells told Cointelegraph about his legal battle to recover a lost $773 million Bitcoin hard drive, which he plans to use to finance blockchain innovation.
Bitcoin, clocking in at $94,504 with a market cap of $1.87 trillion, witnessed a 24-hour trading session of around $53 billion, bouncing between $93,368 and $97,133 over the past day. Bitcoin The one-hour chart showed bitcoin taking a nosedive from its recent peak near $98,000, with hefty sell-offs pushing it toward the safety net at … Read more
The final regulation treats DeFi front-ends as brokers, demanding the disclosure of gross proceeds from sales of digital assets.
Bitcoin’s repeated failure to cross above $100,000 increases the risk of a drop under $90,000.
The U.S. Treasury’s sweeping IRS rule forces crypto platforms to track and report all transactions, igniting fierce industry backlash and looming legal battles over its survival. US Treasury Expands IRS Reach – Crypto Industry Faces Full Reporting Rule The U.S. Department of the Treasury and the Internal Revenue Service (IRS) have finalized sweeping new regulations … Read more
The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures. Industry experts have already criticized the new provision for being unlawful and out of the Treasury’s regulatory … Read more
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. PEPE meme coin hype faces a challenger as Lightchain AI, blending blockchain and AI, attracts holders seeking utility and growth. PEPE, the meme coin phenomenon that captured the crypto world’s imagination, has amassed a … Read more
OpenAI is officially done pretending it can run like a charity. On Friday, the company announced it has finalized plans to transition into a public benefit corporation (PBC) as soon as possible next year, finally ditching the nonprofit structure that’s apparently been holding it back. “The hundreds of billions of dollars that major companies are … Read more