The singularity: How AI could become the final boss whale of crypto
World-renowned futurist Ray Kurtzweil says the singularity is coming sooner than expected.
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IRS will seize your crypto if you can’t pay back taxes
If you’re a cryptocurrency holder with past-due tax debts, your provable holdings may be confiscated by the IRS if you don’t pay back what you owe. 6526 Total views 7 Total shares The United States Internal Revenue Agency is prepared to seize the holdings of cryptocurrency owners who are struggling to pay their unpaid tax…
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Not the best week for crypto lending: Law Decoded, June 20-27
The Celsium failure continues to draw attention to the lending issues from regulators and community. 110 Total views 19 Total shares Due to Celsius Network’s withdrawal suspension in mid-June, the very topic of crypto lending made its entryway to the acute issues list for the regulators. Last week, lawmakers and officials continued to raise the…
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How on-chain KYC can breathe new life into enterprise blockchain
Of all the developments in blockchain technology over recent years, enterprise adoption has perhaps been the most anticlimactic. As the initial coin offering bubble started to inflate during 2017, blockchain entrepreneurs and commentators alike were hyping the technology as a solution for almost every industry and business problem in existence. Fast-forward to 2020, and progress in…
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62% of Robinhood’s Q2 crypto revenue was from Dogecoin trading
Around 41% of Robinhood’s quarterly revenues were generated by crypto trading. 282 Total views 152 Total shares Popular retail trading app, Robinhood, has revealed crypto trading surged in popularity on the platform and now represents 41% of its revenue.According to its second-quarter financial results published Aug. 18, the firm generated $233 million from crypto trading…
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Iran seems to be attempting to ban foreign-mined cryptocurrencies for payments
A difficult-to-enforce ban may actually be part of a larger sanctions-avoidance strategy. 1218 Total views 20 Total shares In a broader effort to circumvent the effects of sanctions, Iran may be attempting one of the first instances of digital currency protectionism. According to a Tweet from news outlet Iran International, The Central Bank of Iran announced…
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Market share of top crypto exchanges passes $1T: CryptoCompare report
The report states that KYC and AML standards for exchanges have significantly improved over the last four months. 4644 Total views 15 Total shares Out of the 160 cryptocurrency exchanges analyzed in a recent report, half control roughly 85% of the total market share.According to a CryptoCompare Research report published today, exchanges that the analytics…
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Derivatives data suggests that Bitcoin’s $39K bounce was a mere blip
Bitcoin (BTC) bulls are probably quite disappointed with how the start of 2022 has shaped up, especially since the cryptocurrency plunged over 20% in the first 25 days of the year. Even more shocking is the fact that the supposed $32,930 bottom on Jan. 21 was the lowest level BTC price had seen in 6…
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3 reasons why Polygon (MATIC) outperformed Bitcoin and major cryptos this week
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