News - Page 27

The institutional embrace of crypto is not a threat to the original vision of digital assets, but rather a catalyst for its further development and innovation.

In the world of cryptocurrency, recent developments in regulation have taken center stage. One of the key topics of discussion is the IRS proposal to classify certain types of crypto entities as brokers for tax reporting purposes. Today, we will delve into the details of this proposal and the upcoming public hearing.

Hong Kong is reportedly considering the possibility of allowing spot cryptocurrency exchange-traded funds (ETF). The city-state's Securities and Futures Commission CEO, Julia Leung, has outlined the conditions that would need to be met for spot crypto ETFs to be authorized.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

Light clients play a crucial role in data availability solutions such as Avail and Celestia. These solutions aim to alleviate the strain on primary blockchain networks like Ethereum by handling queries for historical transaction data. As Ethereum's network of affiliated 'layer-2' networks continues to grow, the demand for data storage and access is expected to increase significantly.

In the financial world, when an asset changes hands, the transaction goes through various entities and validity checks before it is cleared and settled. This process ensures that the asset officially lands in the hands of the recipient. However, at each layer of this process, there is a risk of transaction failure.

The global financial landscape is currently dominated by the United States, which has no incentive to design a new system and is content with the current one. However, China has been actively working to expand its economic reach beyond its borders, aiming to increase its global influence through smoother and broader trade. Additionally, there is a growing demand for an alternative financial system from countries struggling to obtain enough dollars to pay for imports. Moreover, countries with geopolitical grievances against the U.S. have strong reasons to believe that the current system could become even more weaponized.

Bloomberg Intelligence analyst Jamie Coutts believes that Solana (SOL), a competitor of Ethereum (ETH), is well-positioned to perform stronger against fellow ETH rival Cardano (ADA).

The Ministry of Culture and Information's Information Committee has received a request from the Ministry of Digital Development, Innovation and Aerospace Industry of the Republic of Kazakhstan to block the Internet resource www.coinbase.com. This request is based on the violation of paragraph 5 of Article 11 of the Law of the Republic of Kazakhstan 'On Digital Assets in the Republic of Kazakhstan.' The ministry has confirmed this information to the outlet.

The price of the ORDI token, which is tied to the Bitcoin Ordinals protocol, experienced a significant surge of 50% within a span of 24 hours after being listed on the popular cryptocurrency exchange Binance. This listing was done under the 'seed' tag, which signifies that ORDI is an emerging project with higher-than-normal risk and potential price volatility.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering for all aspects of the crypto, blockchain, and Web3 communities. This event has a long-standing reputation for being the most influential in the industry. It brings together experts, enthusiasts, and innovators from around the world to discuss and explore the latest trends, developments, and opportunities in the crypto space.

In a recent interview, sFOX founder Akbar Thobhani highlighted the unique approach of their staking platform. Unlike other projects, sFOX provides a gateway to staking without intermediaries or profit-sharing.

A crypto trader has identified several on-chain signals that indicate Bitcoin (BTC) is gaining bullish momentum. This analysis is based on the creation of hundreds of thousands of new Bitcoin wallets on Sunday, as BTC reached $35,000.

According to Velo Data, the dollar value locked in the number of active perpetual futures and standard futures contracts tied to SHIB has increased by 23% to $61.74 million since Nov. 1. This represents the highest percentage growth among top cryptocurrencies.

Bankman-Fried's second trial is currently scheduled for March 11. The judge has set a deadline of February 1 for the Department of Justice (DOJ) to provide an update on whether or not it intends to proceed with this trial. The trial is also dependent on the U.S. winning permission from the Bahamas government.

Consensus 2024 is CoinDesk's highly anticipated annual event that serves as a gathering place for the crypto, blockchain, and Web3 communities. This event, which has been running for many years, is known for its influential speakers, insightful discussions, and networking opportunities.