Bitcoin traders brace for sub $52K BTC price as crypto and macroeconomic headwinds intensify 

“China has declared war on crypto as part of this broader cold war that we’re getting into,” Mike Novogratz stated. 477 Total views 7 Total shares As Bitcoin (BTC) has continued trading sideways after dipping below $33,000 on Thursday, Galaxy Digital CEO Mike Novogratz has provided some geopolitical observations regarding the industry.In an interview with…

Games have been pay-to-play, but blockchain and NFTs are here to change that, Stratis CEO Chris Trew told Cointelegraph. 2131 Total views 41 Total shares A new study from the United Kingdom revealed that most game studios have already started exploring blockchain technology for their upcoming titles.Commissioned by blockchain platform Stratis and undertaken by insight…

The Indian subsidiary of major global banking and financial services firm HSBC and India’s holding giant Reliance Industries (RIL) have completed a blockchain-enabled trade finance transaction, Indian business newspaper The Hindu Business Line reports Sunday, Nov. 4.The blockchain-powered letter of credit (LoC) transaction, reportedly the first of its kind in India, involved export by RIL…

The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.The proposed Form 1099-DA would “help…

The head of an Indian nonprofit trade organization said cryptocurrency is “illegal,” and urged businesses to obey the law, local news daily the Hindu reported Thursday, Oct. 25.Debjani Ghosh, the president of the National Association of Software and Services Companies (NASSCOM), was cited by the Hindu saying that cryptocurrencies are illegal from NASSCOM’s perspective. NASSCOM…

Crypto market sentiment appears to be improving across the board and the global push to mainstream central bank digital currencies is also making headway. In China’s Shenzhen province about 2 million people had applied for the digital yuan giveaway and the lucky 50,000 among them received “red envelopes” of digital yuan totalling $1.5 million. By the…

25-year-old Mexican YouTuber Germán Abraham Loera Acosta has been sentenced to 50 years in prison for masterminding a woman’s kidnapping in February 2018 in Chihuahua, Mexico.Acosta is one of six men convicted for the kidnapping. The group demanded $100,000 in Bitcoin (BTC) in exchange for the release of 33-year-old lawyer Tania Denisse.Jassiel Omar Molina Ceballos,…

A four-way partnership between major Japanese companies will conduct research into the possible use of blockchain in distributed electricity supply, a press release announced Monday, Oct. 15.Kansai Electric Power Co. (Kepco) will work with Mitsubishi UFJ Bank, IT service management company Nihon Unisys, and the University of Tokyo on the project, which looks at allowing…

On Friday of last week, I got a press release from Grace at a music and public relations firm called 23, and Grace wanted to know if I was interested in running a feature on a series of nonfungible tokens, or NFTs.I almost instinctively replied “I am not, as I am actually exhausted reading these…