Genesis-labelled address moves $720M BTC to Coinbase, pointing to start of asset liquidations

Could a new, coordinated effort to digitalize the Japanese economy be strong enough to compete with residents' persistent use of cash? 1182 Total views 4 Total shares Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen. The group consists…

In a recent tweet, Ethereum network co-founder Vitalik Buterin said Bitcoin (BTC) and Bitcoin Cash (BCH) are not the same. “Bitcoin Cash is not Bitcoin,” Buterin said in a Feb 1 tweet responding to Brad Mills’ accusation of Buterin as Bitcoin Cash promoter. Several tweets exist that might suggest Buterin is not 100% against BCH, although he…

Exciting times lead to exciting posts, many of which bring up valid questions, and maybe some less valuable answers. 564 Total views 3 Total shares Events are unfolding fast as the cryptocurrency market is rocked again, this time by FTX. Facts and non-facts are hard to sort out under these conditions, especially since both seem…

The Swiss canton of Zug is now accepting Bitcoin and Ether for tax payment from local companies and individuals. 751 Total views 5 Total shares The Swiss canton of Zug now allows its residents to pay taxes in cryptocurrencies like Bitcoin (BTC) and Ether (ETH).Bitcoin Suisse, a local crypto broker that enabled the new opportunity…

Members of the crypto community have been up in arms recently about the $1 trillion infrastructure bill that the United States House of Representatives was expected to vote on this week. The legislation includes a crypto-tax reporting provision, along with the establishment of a definition for the term “broker.” House lawmakers stated that a vote for…

Volatile or not, there's growing public demand for retailers and businesses to accept payment in cryptocurrency. According to a survey published in June by the United Kingdom-based crypto-exchange CreditCoin, 75 percent of American consumers want the option to use cryptocurrencies to pay for items they purchase in stores. Sadly, the proportion of stores providing this option…

Asia’s largest economies are pushing forward with their respective CBDC trials, with six Chinese banks offering digital wallets and Japan establishing a new committee. 452 Total views 7 Total shares China and Japan are pushing forward with their respective pilots for central bank-issued digital currencies, or CBDCs.On March 26, Bank of Japan announced it had…

Several Kraken employees will reportedly remain in the Middle East and North Africa, with regional managing director Benjamin Ampen likely to leave following the transition. 84 Total views 1 Total shares Own this piece of history Collect this article as an NFTCryptocurrency exchange Kraken has reportedly closed its office in Abu Dhabi less than 12…