Bitcoin targets $70K as stablecoin inflows and China stimulus boost rally

Documents published by the United States Patent and Trademark Office (USPTO) on April 16 reveal that Texas-based cybersecurity company Forcepoint has been awarded a blockchain-related patent.Forcepoint is owned by U.S. defense contractor Raytheon and private equity firm Vista Equity Partners, and Crunchbase estimates its yearly revenue to be $600 million.The system described in the patent…

New Zealand's tax authorities have ruled that income in cryptocurrencies is legal and provided guidance on how exactly it should be taxed.In a tax information bulletin published on July 4, the New Zealand Inland Revenue Department summarized the provisions of the public ruling, made under s 91D of the country's Tax Administration Act 1994.Crypto used…

The Thai government has announced a new visa class for remote workers that can be extended for up to 360 days, but details on income and tax liabilities are unclear.

The United States vice president and President Biden’s top advisors have held a meeting with several AI industry CEOs to discuss “concerns about the risks associated with AI.”On May 4, U.S. vice president Kamala Harris was joined by nine top Biden administration advisors in science, national security, policy and economics, meeting with the CEOs of…

The companies collectively purchased nearly $1.3 billion worth of Bitcoin ETF shares during the quarter.

The de facto central bank of Singapore announced it had signed a deal with multiple big name entities to ease digital asset settlements in a press release Friday, August 24. Part of its ongoing Project Ubin blockchain integration scheme, the Monetary Authority of Singapore (MAS) partnered with Singapore Exchange (SGX), along with Anquan, Deloitte and…

A patent by U.S. crypto exchange and wallet provider Coinbase proposes a new mechanism for further securing Bitcoin (BTC) payments, according to a filing published by the U.S. Patent and Trademark Office (USPTO) August 14. The filing claims that existing systems do not adequately address concerns “that the private keys of [users’] Bitcoin addresses may…

Bitcoin (BTC) speculators are leading a period of “exhaustion and apathy” across the market, new research says.In the latest edition of its weekly newsletter, “The Week On-Chain,” analytics firm Glassnode waning conviction among Bitcoin’s short-term holders (STH).Bitcoin speculators risk unrealized lossesAfter several months of stagnant BTC price action, frustration among market participants has lead to…