Bitcoin open interest soars to one-year high as BTC price rallies toward $68K

This month alone, at least three separate countries have reported on their prospective central bank-issued digital currencies (CBDCs): The Republic of the Marshall Islands (RMI) announced the creation of a specially dedicated nonprofit organization to support its digital currency that is already being developed. Meanwhile, the central bank of Russia said it was considering its…

Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and Proof-of-Work…

Listing numerous areas of concern, IBM Fellow, VP, and CTO of IBM Automation Jerry Cuomo lays out the potential pitfalls for businesses using ChatGPT. 53 Total views 31 Total shares IBM vice president and chief technology officer of IBM Automation, Jerry Cuomo, recently published a blog post laying out what he claims are several risks…

The first documents to be available on-chain in Buenos Aires include birth and marriage certificates, along with proof of income and academic verification. 270 Total views 2 Total shares Buenos Aires, the capital of Argentina, is making a major move toward integrating its bureaucracy with blockchain technology. Starting in October, the city's 15 million residents

Despite receiving over $4 billion worth of Bitcoin, which has appreciated by over 8,500% in the 10 years since Mt. Gox collapsed, the exchange's creditors continue to hold their assets.

A consortium of companies launched a gold-backed token with the DGLD ticker on a Bitcoin (BTC) sidechain.Swiss financial news outlet AllNews reported on Oct. 15 that digital asset managers CoinShares and MKS, as well as wallet service provider Blockchain, announced the launch of the token. Its development took two years and the supply of the…

Historically, the cryptocurrency market has benefited from the rise in global money supply, as the majority of bull runs in the past coincided with the rise in fiat supply. 134 Total views 6 Total shares The rising total money supply (M2) could propel crypto into another bull rally and help it outperform the traditional markets

Coinbase CEO says analytics platform is important to comply with AML rules and that only privacy coins can offer true privacy. 1877 Total views 27 Total shares Coinbase defended the licensing of its analytics software saying if people really wanted privacy, privacy coins were around.Coinbase CEO Brian Armstrong took to Twitter to talk about Coinbase…

Musician Jonathan Mann celebrated the merge singing "no more power surge" and "ETH to the moon." 404 Total views 49 Total shares The Ethereum blockchain recently completed a step toward the long-awaited upgrade that will improve the platform by switching to a proof-of-stake (PoS) consensus. The Ropsten testnet successfully transitioned to PoS in what is dubbed…