Coin Center, an organization that advocates for digital currencies, has voiced strong objections to the Lummis-Gillibrand Payment Stablecoin Act. According to Coin Center, the bill unconstitutionally restricts constitutional rights if passed. The bipartisan legislation, backed by Senators Kirsten Gillibrand and Cynthia Lummis, aims to control the payment of stablecoins. However, Coin Center argues that the … Read more
In the last seven days, investors have shown a pessimistic attitude towards Dogecoin, with Elon Musk’s tweet about the cryptocurrency having minimal impact on its price. However, recent trading activity suggests that this negative sentiment could be shifting to optimism. Dogecoin seems to be regaining momentum after a week of downturn in prices. Based on … Read more
The IRS in the United States has proposed a new tax form, called 1099-DA, for reporting cryptocurrency transactions. This is part of the IRS’s efforts to streamline the process of reporting digital asset transactions within the federal tax system. By introducing this form, the IRS aims to make it easier and more convenient for taxpayers … Read more
Based on the information recorded on the Ethereum blockchain, the cost of processing transactions has reached its cheapest point since the beginning of the year, potentially indicating that a price floor is near. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold Based on information from Santiment’s on-chain analysis, Ethereum network users have seen … Read more
During a recent interview, Tim Draper, a well-known venture capitalist, shared his belief that the value of Bitcoin might soar as high as $10 million in the future. “Draper points out that it’s likely that individuals will one day transact large sums of money, be it $250,000 or even $10 million, for several reasons…Once you … Read more
Just over a month after discussing the launch of the first Artificial Intelligence (AI) based on blockchain technology and represented through smart contracts, Internet Computer (ICP) has signaled significant advancements in this area. Internet Computer Is Advancing AI Smart Contract Capabilities In a recent post on X’s platform, Dominic Williams, the founder of ICP (Internet … Read more
With each passing moment, the Bitcoin network edges closer to its upcoming halving, the fourth in its history. This significant event is predicted to unfold in just a few hours, leaving the digital air thick with excitement and expectation. The built-in event reduces by half the number of fresh Bitcoins awarded to miners for processing … Read more
The price of Shiba Inu, the second-largest meme cryptocurrency, has been moving slowly this week, mirroring Bitcoin‘s pre-halving consolidation pattern. According to the chart below, the daily price movements show short green and red bodies with no clear advantage for either bulls or bears. However, a closer examination of the daily chart suggests the emergence … Read more
Approaching the Bitcoin halving, Grayscale’s GBTC ETF has seen significant capital outflows. In just the past five days, investors have withdrawn $89.9 million, amounting to a net withdrawal of approximately $1.6 billion since January. This trend reflects increasing investor uncertainty in the broader market. Despite holding the early lead in Bitcoin ETFs with Grayscale, their … Read more
The Securities and Exchange Commission (SEC) has filed an updated complaint in a case against Justin Sun, founder of the Tron Foundation, due to his substantial involvement and financial dealings in the U.S. This modification is connected to the ongoing lawsuit begun by the SEC in March 2023, where Sun and related entities are alleged … Read more