US private investors predict surge in crypto investments in 2024 — Report
A survey by law firm Barnes & Thornburg found that 59% of US private investors are more likely to invest in crypto funds over the next 12 months.
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Bitcoin advocate floats BTC as a solution to US student loan problems
Dennis Porter said that the government should give $10,000 worth of Bitcoin to debtors and lock it for 10 years. 519 Total views 15 Total shares Following United States President Joe Biden's announcement of a student loan forgiveness plan that aims to cancel the debt of up to $20,000 for millions of Americans, a Bitcoin…
IRS releases draft of proposed reporting rules for digital asset brokers
The United States Internal Revenue Service (IRS), the agency responsible for tax collection, released proposed regulations on the sale and exchange of digital assets by brokers. Under the rules, brokers would be required to use a new form to report to simplify tax filing and cut down on tax cheating.The proposed Form 1099-DA would “help…
US Senator Warren introduces bill to study crypto’s role in ransomware
The Ransom Disclosure Act aims to help the Department of Homeland Security gather critical data on ransom payments in cryptocurrency and fiat. 624 Total views 8 Total shares As cryptocurrency adoption continues apace in the United States, lawmakers want to better understand how it's used — for both legal and illegal purposes.The Ransom Disclosure Act,…
Bitcoin Miners Sell BTC Months After Halving, On-Chain Data Suggests
Bitcoin’s third halving is less than a day away and the cryptocurrency community remains divided on whether the price will rise or drop after the event. Interestingly, on-chain data from previous halvings suggests that after the halving Bitcoin price may not see an immediate drop.Google Trends data shows that searches for the halving have already…
Middle East regulatory clarity drives crypto industry growth — Binance FZE head
The UAE, Dubai and Bahrain continue to attract major cryptocurrency exchanges and businesses due to their progressive regulatory approaches. 287 Total views 4 Total shares Major cryptocurrency exchanges and businesses are being lured to a proverbial crypto oasis around the Persian Gulf, according to Binance FZE’s general manager.Alex Chehade, who heads Binance’s local operation in
Chip Making Giant TSMC Reports Significant Drop in Crypto Mining Revenue
Chip manufacturing giant Taiwan Semiconductor Manufacturing (TSMC) reported a sizeable drop in its crypto mining-related revenue in 2018. The news was revealed in the company’s Q4 2018 financial results, published Jan. 17, together with an earnings call transcript.TSMC has not disclosed specific data for its crypto mining business — including it instead within its high-performance…
Yuga Labs halts CryptoPunks project after ‘woke’ community backlash
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Coinbase CEO to Americans: Urge reps to vote ‘Yes’ on crypto regulatory clarity bills
Brian Armstrong said that voting Yes to the bill would protect innovation and national security in the United States. 584 Total views 13 Total shares Coinbase CEO Brian Armstrong has urged United States citizens to take action and email their representatives to vote “Yes” on the Financial Innovation and Technology for the 21 Century Act…