Crypto advocates file brief against SEC's investor tracking database
The Consolidated Audit Trail would gather a monumental amount of data, and more than it is meant to when it exposes the identity of crypto wallet holders.
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Crypto donation startup launches IRS form as US tax season loom
Nonprofits are required to file IRS Form 8282 for crypto donations of $500 or more if donated funds are exchanged for the U.S. dollar. 205 Total views 6 Total shares Engiven, an enterprise cryptocurrency donation platform, is working to simplify tax reporting for cryptocurrency donors and nonprofits by launching a tax form and appraisal service…
‘Account abstraction’ supercharges Ethereum wallets: Dummies guide
For years, Bitcoiners have repeated the mantra “be your own bank.” But in truth, storing any type of crypto in a wallet has been a lot closer to stuffing cash under your mattress than to a complex financial institution like a bank. Admittedly, it’s an improvement in that crypto can be transferred across the globe…
Bitcoin Block Generation Speed Falls to 2017 Lows
Only 95 blocks were generated on the Bitcoin blockchain on Sunday due to the recent halving, an analyst argues. 1269 Total views 29 Total shares There were only 95 blocks generated on the Bitcoin (BTC) blockchain on May 18, according to data presented by pseudonymous Bitcoin analyst digitalik.net.“In [the] last 10 years we had only…
Bitcoin price flash spikes to $50K on Binance after USD Coin peg snaps
The panic caused due to USD Coin's (USDC) depeg from the U.S. dollar manifested itself in a wrong order, costing traders $50,000 per Bitcoin (BTC), albeit for several minutes.Bitcoin price sees $50K in "fat finger" error The BTC/USDC pair on Binance flash spiked to $50,000 on March 12 around 7 pm UTC. The reason for the impulse…
Longing for liquidity — 5 things to know in Bitcoin this week
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Lawmakers should treat crypto like gold or real estate: Indian tech magnate
Indian tech mogul, Nandan Nilekani, believes the country should be seeking to attract investment from the $1.7 trillion crypto asset industry. 2754 Total views 4 Total shares Indian technology mogul, Nandan Nilekani, has urged local lawmakers to allow citizens to speculate on crypto assets.The co-founder and chair of Infosys, an Indian multinational information technology firm,…
How a TikTok ban in the US could affect the crypto industry
On March 23, the world watched as United States lawmakers questioned TikTok CEO Shou Chew at a House Energy and Commerce Committee hearing in Washington. In the hearing, lawmakers grilled the CEO over suspicions that the Chinese government is gathering user data through the app. The intensity of the exchanges went viral online, with many believing…
Circling back to blockchain’s originally intended purpose: Timestamping
What was blockchain technology originally intended for? It’s generally presumed that it was created in 2008 by Satoshi Nakamoto as part of his white paper, creating Bitcoin (BTC). Since Bitcoin would be built on decentralized ledger technology, a blockchain needed to be established as the foundation for the cryptocurrency. Since 2008, blockchain technology has expanded well…