April 2023 | Page 6 of 205 | Last Cryptocurrency News Feed

Bitcoin Use Cases Are Seeing ‘Explosive Growth,’ Trust Machines Says

AUSTIN, Texas – Bitcoin ecosystem firm Trust Machines said has seen “explosive growth in bitcoin (BTC) use cases” during the first quarter of 2023, according to new research by the firm.The report identified bitcoin non-fungible tokens (NFT), bitcoin name services (BNS) and recent developments on the Stacks blockchain – a bitcoin smart contract platform that…

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Fed, NYDFS assess their supervisory performance after March’s big bank failures

Bank regulators in the United States have turned from introspection to confession after the high-profile bank failures in March. The New York Department of Financial Services (NYDFS) published its internal review of Signature Bank supervision on April 28, the same day the U.S. Federal Reserve Board released its review of the handling of Silicon Valley…

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Crypto Biz: Google bullish on blockchain, UK’s $125M AI pledge, Voyager and Binance

This week’s Crypto Biz explores Google expanding its Web3 program, the U.K.’s $125 AI pledge, FTX selling LedgerX and Binance.US backing out of its Voyager purchase. 358 Total views 17 Total shares Own this piece of history Collect this article as an NFTAt the intersection of tech and cryptocurrency news, the Google for Startups Cloud Program…

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UK Treasury seeks input on taxing DeFi staking and lending: Finance Redefined

Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the most significant developments from the past week.The taxation arm of His Majesty’s Treasury in the United Kingdom has proposed new regulatory changes to simplify how DeFi returns are taxed and reduce the “administrative burden”…

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Venmo will enable fiat-to-crypto payments in May

Users of the mobile payment service will also be able to receive crypto through a QR code or external crypto address. 575 Total views 3 Total shares Own this piece of history Collect this article as an NFTUsers of mobile payments service Venmo will soon be able to buy cryptocurrencies and send them to other…

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Coinbase CEO and Legal Officer Respond to SEC’s Wells Notice

Brian Armstrong, the chief executive officer of American crypto exchange Coinbase, and the company’s chief legal officer, Paul Grewal, have responded to a Wells Notice issued by the U.S. Securities and Exchange Commission (SEC) weeks ago in preparation for enforcement action. In a recent YouTube video, the Coinbase executives insisted that the SEC’s notice was…

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Tax law researchers propose IRS framework for deducting crypto losses

Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains.The paper, dubbed simply “Crypto Losses,”…

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50 Days Remaining: Balaji Reflects on the Likelihood of his $1 Million Bitcoin Forecast (Consensus 2023 LIVE)

With Bitcoin currently trading at $29,150, the asset will need to appreciate by over 3000% for Balaji Srinivasan – former CTO of Coinbase – to win his $1 million Bitcoin bet by June 17. The investor and entrepreneur spoke at Consensus 2023 about his motivations and rationale behind the bet, and the likelihood that he…

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Bitcoin’s Rollercoaster at $30K, Millions in Liquidations, First Republic Turmoil: This Week’s Recap

What a week it has been. The cryptocurrency market went on a massive rollercoaster where the market cap ping-ponged tremendously. At the end, it turned out somewhat fine, but what a ride it was. Let’s unpack. First things first, Bitcoin’s price was trading quietly around $27,500 throughout the beginning of the week, but all that…

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Mastercard Launches Crypto Credential Service for Cross Border Transfers

“If two people want to transfer value from one country to another country, the level of compliance and verification needed is complex,” said Raj Dhamodharan Head of Crypto and Blockchain at Mastercard. “So how do you identify those wallets, and how do you exchange enough information about the other party?"