Possible commutation looming, Silk Road founder issues memecoin warning

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…

The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency. 859 Total views 35 Total shares The Bank of Ghana (BoG) remains committed to piloting a central bank digital currency (CBDC), the bank’s first deputy governor has said.Dr. Maxwell Opoku-Afari made the comment during a virtual…

Some news sources have been fond of making comparisons between Bitcoin’s (BTC) price action and that of other assets. In particular, the two most commonly compared asset classes are gold and tech stocks.While a correlation holds, it tends to be a big news story. Throughout much of 2022 and early 2023, for example, the “Bitcoin…

The Virtual Asset Regulatory Authority (VARA) recently provided the much-awaited guidelines for virtual asset service providers (VASPs) in Dubai, United Arab Emirates, which included a ban on privacy coins.On Feb. 7, VARA released several rulebooks for VASPs including the "Virtual Assets and Related Activities Regulations 2023" in which VARA mentioned a prohibition on privacy coins.…

Bitcoin (BTC) will see its mining difficulty grow by 60% in the third quarter of 2019, according to new data.Bitcoin metrics show big competition in playUploading historical and future projections to Twitter on Sept. 19, well-known analyst Kevin Rooke said difficulty had already expanded at an average of 42% each quarter since 2016.With the exception of…

Digital asset security specialist, Fireblocks, announced the development of a new multi-party computation, or MPC, algorithm on May 13. The algorithm is claimed to improve the transaction speed for secure digital asset transfer by 800%.Furthermore, digital asset custodians and vendors will be able to access and use the new protocol without cost. Fireblocks does not…

In 2018, the two main ways video game players can earn a living were through e-sports and live streaming — or perhaps a successful YouTube channel. But, thanks to the rise of blockchain technology, the financial aspect has never been more interwoven with the gaming industry. While most users are acquainted with one or two…

Memecoins are underperforming the crypto market today, which could indicate that traders will pay more attention to BTC and ETH.

Including the millions it collected in previous rounds, the company has raised approximately $19.4M. 400 Total views 4 Total shares CoinDCX, the largest cryptocurrency exchange in India, continues to aggressively expand its business with a massive new fundraise.According to a Dec. 21 announcement, CoinDCX has raised $13.9 million from industry investors like Coinbase and Polychain in…