DePIN to be ‘crypto’s next big use case’ — MV Global

United States retailer Overstock.com has announced it will pay part of its business taxes in the state of Ohio using Bitcoin (BTC), according to an announcement on its website Jan. 3.Overstock will cover commercial activity taxes (CAT) with Bitcoin starting February, using the recently launched cryptocurrency taxpayer platform, OhioCrypto.com.The company’s CEO and founder Patrick Byrne…

Bank of America has filed for a patent for a settlement system citing the Ripple ledger, according to a filing on Google Patents.The patent in question — the application of which was published on June 6 — describes a system using distributed ledger technology (DLT) as an interbank communication tool. The proposed system would enable…

As per a detailed report released by accounting giant Deloitte at the World Economic Forum on the subject of blockchain interoperability, this fast-evolving technology still has some distance to tread before it can be ported into action for mainstream purposes such as large-scale supply chain management, secure data sharing and other processes.In this regard, a…

Investment bank strategists say that BTC could climb as high as $73,000 if markets remain frothy. 1728 Total views 21 Total shares American multinational investment bank JPMorgan has put a price on Bitcoin and it is a lot less than the asset currently trades for.In a report to investors as part of the bank’s inaugural…

August 2024 represented the worst month for Bitcoin mining revenue since September 2023, with $827.56 million in fees generated.

According to a recent research note by JPMorgan, institutional investors have withdrawn about $20 billion from their gold investments since mid-October and during the same time frame, institutional inflows into Bitcoin (BTC) have increased by $7 billion. The bank said, “any such crowding out of gold as an 'alternative' currency implies big upside for Bitcoin over…

While the pro-XRP lawyer didn’t anticipate XRP reaching a new all-time high after the ruling, he did expect the price to surpass the $1 resistance level. 811 Total views 7 Total shares Despite a brief rally, the XRP (XRP) price did not reach anticipated levels after a recent favorable court ruling for the token. Among…