The singularity: How AI could become the final boss whale of crypto
World-renowned futurist Ray Kurzweil says the singularity is coming sooner than expected.
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Coinbase Custody Obtains Two Major Security Evaluations
The crypto custody arm of major United States-based cryptocurrency exchange Coinbase, Coinbase Custody, obtained two new security evaluations.According to a press release published on Feb. 12, Coinbase Custody was granted a Service Organization Control (SOC) 1 Type 2 and a SOC 2 Type 2 report by major accounting firm Grant Thornton.System Organization Control reportsIn obtaining…
Risk profile of crypto markets similar to oil and tech: Coinbase
A hedge against the traditional market? Nope, crypto assets are now looking closer in risk profile to oil and gas, or EV stocks like Tesla, says Coinbase Institute’s chief economist. 60 Total views 4 Total shares Despite some touting crypto as a hedge against traditional markets, digital assets today share a similar risk profile to…
What happens to your NFTs when you die?
Once a nonfungible token (NFT) trader dies, their digital collectibles may be forever lost in the blockchain if they do not have a handover plan set up. Because of this, lawyers believe that it’s best to craft a way to pass on their assets in case of death. From a legal standpoint, creating an estate plan,…
IRS tax form question leaves US crypto users confused and concerned
This year’s Form 1040 requires all U.S. taxpayers to answer a question about whether they traded or acquired “virtual currency” during the year. 1715 Total views 4 Total shares Crypto users in the U.S. have taken to Twitter to express their confusion and frustration over the wording of a question about virtual currencies on this…
Bitcoin ‘Best Bet’ in Crypto, XRP Will ‘Underperform’ — Mike Novogratz
Controversial altcoin XRP is still “proving” itself, but Bitcoin (BTC) remains the recommended investment choice in the cryptocurrency world, Mike Novogratz says.In a series of tweets on Feb. 6, venture capitalist Novogratz, who is also CEO of the cryptocurrency merchant bank, Galaxy Digital, delivered modest praise of XRP and Ripple, the company which owns more…
Bank for International Settlements Exec Shows New Fondness for CBDCs
General manager at the Bank for International Settlements (BIS) Agustin Carstens seems to have changed his negative stance towards central bank digital currencies (CBDCs), now stating that such currencies could open up new possibilities.In his speech entitled “The future of money and the payment system: what role for central banks?” published on Dec. 5, Carstens…
AT&T's latest massive breach shows the peril of data centralization
A 24-year-old hacker infiltrated AT&T systems — and accessed data on more than 100 million people. Decentralizing data could limit similar risks in the future.
CEX.IO resumes UK operations, backs stricter crypto rules
Following a voluntary suspension in October 2023, CEX.io has successfully resumed operations in the UK after ensuring compliance with new FCA regulations.