DOJ recommends harsher sentences AI-enhanced crimes
Using AI to plan, commit, or help cover up a plan could lead to harsher sentencing in the US soon.
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Talking Digital Future: Blockchain Technology
I have a feeling that a lot of businesses still don’t understand why they need blockchain, while others may believe they need it just because they think it’s another fashionable tech trend or something.I’ve been involved in technology for 30 years, and it is always interesting to me how people respond to the introduction or…
Matt Zhang on a mission to reinvent crypto for institutional investors
Institutional interest in cryptocurrencies is increasing as the space continues to mature. A survey released on Dec. 8 by European investment manager Nickel Digital Asset Management found that 85% of institutional investors and wealth managers have dedicated teams to review cryptocurrencies and digital assets. The study noted that the investors surveyed manage around $108.4 billion…
IRS Sends New Round of Letters to Bitcoin and Crypto Holders
Last week, the United States Internal Revenue Service sent another round of letters to crypto traders called CP2000. These notices were sent to traders of some crypto exchanges due to inconsistencies found in their tax reports.Using the information provided by third-party systems — such as crypto exchanges and payment systems — the IRS has been…
Bitcoin’s Price Crashes $1,500 in 24 Hours, is $7,500 Next?
Tuesday Sept. 24 — Bitcoin's price has retraced rapidly from $9,800 to $8,150 in less than a day for the first time in months.Bitcoin 24-hour price chart. Source: Coin360Bitcoin prices crashed hard — dropping almost $800 in a few minutes to show double-digit losses. It was down 11.4% and trading at $8,150 as of publishing time. According to data from Coin360, Bitcoin investors are…
Bitcoin’s current setup creates an interesting risk-reward situation for bulls
The Bitcoin (BTC) chart has formed a symmetrical triangle, which currently holds a tight range from $28,900 to $30,900. This pattern has been holding for nearly two weeks and could potentially extend for another two weeks before price makes a more decisive movement.Bitcoin/USD 12-hour price at Kraken. Source: TradingViewFor those unfamiliar with technical analysis, a…
German asset manager DWS joins Galaxy to issue euro stablecoin
AllUnity, a new joint venture by DWS, Galaxy and Flow Traders, plans to issue the euro stablecoin on all major public permissionless L1s and L2s, DeFi use cases. 398 Total views 1 Total shares Deutsche Bank’s asset management arm, DWS, is forming a new venture with Michael Novogratz’s Galaxy Digital and Flow Traders to jointly
Bitcoin Insurance Funds Take a Beating as Markets Rout
Amid global market mayhem, several major Bitcoin (BTC) and crypto insurance funds are showing signs of severe strain. As of March 13, Bitcoin derivatives exchange Deribit recorded a shocking slide in the balance of its Bitcoin insurance fund, down from 391 BTC to 183 BTC (-53%) within a span of three days.Deribit Bitcoin insurance fund balance.…