Crypto regulation: Does SEC Chair Gary Gensler have the final say?
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United Kingdom Releases Tax Advice for Cryptocurrency Investors
The United Kingdom tax collection service published its first detailed tax legislation for private cryptocurrency holders Dec. 19 following a lengthy consultation period.Its new policy paper, “Cryptoassets for Individuals,” sets out likely tax obligations for private investors who buy, sell, get paid in and even lose cryptocurrency.Capping months of uncertainty among U.K. taxpayers over what…
BTC price heading under $30K? 5 things to know in Bitcoin this week
Bitcoin (BTC) starts a new week under $30,000 as analysts’ predictions of a short-term support retest come true. The largest cryptocurrency saw a classic dive following its latest weekly close as its latest gains evaporated — will they return?Ahead of a fairly innocuous week for macro data releases, catalysts are likely to come elsewhere as BTC…
Cyber sleuth alleges $160M Wintermute hack was an inside job
A fresh new crypto conspiracy theory is afoot — this time in relation to last week's $160 million hack on algorithmic market maker Wintermute — which one crypto sleuth alleges was an "inside job."Cointelegraph reported on Sept. 20 that a hacker had exploited a bug in a Wintermute smart contract which enabled them to swipe…
Decentralization First: Privacy Coin Monero Cuts Out ASIC Miners to Stay Independent
On March 9, Monero (XMR) network was successfully upgraded via a hard fork. The new code curbed application-specific integrated circuit (ASIC)-powered mining with a new proof-of-work (PoW) algorithm. Additionally, new dynamic block size algorithm and improved privacy — which is considered to be Monero’s key feature — were introduced.Once the ASIC miners were taken out…
AI could revolutionize human resources, but there are risks
As businesses globally grapple with the challenges of talent acquisition, employee retention and optimizing workplace dynamics, the potential of artificial intelligence (AI) to offer innovative solutions has become a focal point of discussion among human resources (HR) professionals. For many industry insiders and observers, AI’s integration into HR represents a promising fusion of data-driven efficiency and
Bitcoin Trading Reaches All Time High in Venezuela Amidst Ongoing Economic Collapse
Bitcoin (BTC) trading volumes in Venezuela have reached a new all-time high amidst massive hyperinflation and an ongoing presidential crisis, tech news outlet TrustNodes reports Feb. 6.Bitcoin weekly trading volumes reached above 2,000 BTC (about $6.8 million) on peer-to-peer (P2P) exchange LocalBitcoins during the week ending Feb. 2.Venezuela LocalBitcoins Weekly Trade Volumes in BTC. Source:…
Skewed data: How could a new US law boost blockchain analysis?
2020 was a record year for ransomware payments ($692 million), and 2021 will probably be higher when all the data is in, Chainalysis recently reported. Moreover, with the outbreak of the Ukraine-Russia war, ransomware’s use as a geopolitical tool — not just a money grab — is expected to grow as well.But, a new U.S.…
Spain for the win? Top 3 fan tokens to watch during the FIFA World Cup
The FIFA World Cup in Qatar is boosting the value of national soccer team fan tokens despite the cryptocurrency bear market.World Cup Qatar hype boosts fan token pricesThese digital fan tokens are currently rallying despite the cryptocurrency market downturn, securing up to 170% gains from the Nov. 10 lows. At the core of the massive uptrend is the…