Joe Biden Targets $42 Billion Revenue with Crypto Taxes in Budget
CoinGape (RSS)
U.S. President Joe Biden‘s proposed budget for the next fiscal year outlines a series of regulatory measures. These aim to tap into the burgeoning digital asset market. Among the highlights are the administration’s implementation of wash trading rules, a crypto mining tax, and additional regulations. Officials estimate they could rake in close to $10 billion in revenue by 2025. Over the next decade, the figure could soar above $42 billion.
The budget, unveiled on Monday, sets its sights on closing crypto tax loopholes. These predominantly favor the wealthy and major corporations. The d...
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CoinGape (RSS)
U.S. President Joe Biden‘s proposed budget for the next fiscal year outlines a series of regulatory measures. These aim to tap into the burgeoning digital asset market. Among the highlights are the administration’s implementation of wash trading rules, a crypto mining tax, and additional regulations. Officials estimate they could rake in close to $10 billion in revenue by 2025. Over the next decade, the figure could soar above $42 billion.
The budget, unveiled on Monday, sets its sights on closing crypto tax loopholes. These predominantly favor the wealthy and major corporations. The d...
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XRP Jumps 20% After Mysterious Binance Transfers as Crypto Rally Expands to Laggards
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The rally could be a sign of traders rotating some of their capital to tokens that haven't moved yet.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
The rally could be a sign of traders rotating some of their capital to tokens that haven't moved yet.
‘Greater Fools Are Watching’: Bitcoin Is Here to Stay, Elites Admit
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
BlockFi’s Zac Prince transitions into Real Estate tech
Cryptopolitan (RSS)
Former BlockFi CEO, Zac Prince, is embarking on a new journey, transitioning from the unpredictable world of cryptocurrency to the more stable realm of real estate technology. Following BlockFi’s settlement with the estates of FTX and Alameda Research, which may result in a full recovery for the crypto lender’s users, Prince has decided to leave both BlockFi and the crypto industry altogether.
BlockFi’s Zac Prince leaves crypto
His next endeavor is joining a real estate tech startup called Re Cost Seg, where he will play a pivotal role in the company’s leadership team. Prince’s departure from the crypto space comes as a result of his wife’s advice to seek a less tumultuous career path. Despite bidding farewell to crypto, Prince remains deeply passionate about the industry and its potential for innovation.
He draws parallels between the firm’s mission of providing tax-e...
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Cryptopolitan (RSS)
Former BlockFi CEO, Zac Prince, is embarking on a new journey, transitioning from the unpredictable world of cryptocurrency to the more stable realm of real estate technology. Following BlockFi’s settlement with the estates of FTX and Alameda Research, which may result in a full recovery for the crypto lender’s users, Prince has decided to leave both BlockFi and the crypto industry altogether.
BlockFi’s Zac Prince leaves crypto
His next endeavor is joining a real estate tech startup called Re Cost Seg, where he will play a pivotal role in the company’s leadership team. Prince’s departure from the crypto space comes as a result of his wife’s advice to seek a less tumultuous career path. Despite bidding farewell to crypto, Prince remains deeply passionate about the industry and its potential for innovation.
He draws parallels between the firm’s mission of providing tax-e...
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Gaming tokens hit the roof amid Bitcoin’s surge
Cryptopolitan (RSS)
Over the past weekend, the crypto market witnessed a significant surge in the value of tokens associated with video games and gaming chains, coinciding with Bitcoin briefly touching the $70,000 mark once again. Notably, the GALA token within the Gala ecosystem experienced a remarkable 42% increase in value over the last 24 hours, reaching nearly $0.08 at present.
Gaming tokens experience weekend surge
This surge represents a staggering 77% rise over the week and an impressive 230% increase over the past month, propelling GALA into the top 50 cryptocurrencies by market capitalization. While the exact catalyst behind this sudden surge remains unclear, Gala has been actively involved in recent developments, including the launch of its GalaSwap decentralized exchange (DEX) on the GalaChain network and its sponsorship of a $1 million hackathon at the Game Developers Conference.
Lo...
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Cryptopolitan (RSS)
Over the past weekend, the crypto market witnessed a significant surge in the value of tokens associated with video games and gaming chains, coinciding with Bitcoin briefly touching the $70,000 mark once again. Notably, the GALA token within the Gala ecosystem experienced a remarkable 42% increase in value over the last 24 hours, reaching nearly $0.08 at present.
Gaming tokens experience weekend surge
This surge represents a staggering 77% rise over the week and an impressive 230% increase over the past month, propelling GALA into the top 50 cryptocurrencies by market capitalization. While the exact catalyst behind this sudden surge remains unclear, Gala has been actively involved in recent developments, including the launch of its GalaSwap decentralized exchange (DEX) on the GalaChain network and its sponsorship of a $1 million hackathon at the Game Developers Conference.
Lo...
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Elon Musk announce plans to make xAI Grok open-source
Cryptopolitan (RSS)
Elon Musk, the tech mogul behind companies like Tesla and SpaceX, has announced plans to make xAI’s artificial intelligence (AI) model Grok open source. This decision comes amidst a lawsuit filed by Musk against rival AI chatbot developer OpenAI. In a recent post on the X social media platform dated March 11th, Musk revealed that Grok would be available as open-source software starting from this week.
Elon Musk set to make Grok open-source
The move to make Grok open source has received largely positive responses from users, with many praising Musk for the decision. This announcement comes in the wake of a lawsuit Musk filed against OpenAI on February 29th, alleging a breach of agreement made when OpenAI was established as a nonprofit organization.
Musk contends that OpenAI’s recent partnership with Microsoft contradicts the founding principl...
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Cryptopolitan (RSS)
Elon Musk, the tech mogul behind companies like Tesla and SpaceX, has announced plans to make xAI’s artificial intelligence (AI) model Grok open source. This decision comes amidst a lawsuit filed by Musk against rival AI chatbot developer OpenAI. In a recent post on the X social media platform dated March 11th, Musk revealed that Grok would be available as open-source software starting from this week.
Elon Musk set to make Grok open-source
The move to make Grok open source has received largely positive responses from users, with many praising Musk for the decision. This announcement comes in the wake of a lawsuit Musk filed against OpenAI on February 29th, alleging a breach of agreement made when OpenAI was established as a nonprofit organization.
Musk contends that OpenAI’s recent partnership with Microsoft contradicts the founding principl...
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Defi protocol Unizen to reimburse users after its recent hack
Cryptopolitan (RSS)
Following a security breach resulting in the loss of approximately $2.1 million in user funds, decentralized finance (DeFi) protocol Unizen has taken swift action to address the situation. The platform announced plans to reimburse users who lost up to 750,000 units, aiming to restore 99% of affected users’ funds as quickly as possible.
Unizen to reimburse 99% of affected users’ funds
The incident came to light on March 9 when blockchain analytics firm PeckShield identified an “approve issue” with the DeFi platform, signaling that over $2 million had been drained. Users were urged to revoke approvals from the trade aggregator to prevent further losses.
Security company SlowMist estimated the exploit losses at $2.1 million, revealing that the attacker had exchanged Tether for the stablecoin Dai. Unizen wasted no time in responding to...
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Cryptopolitan (RSS)
Following a security breach resulting in the loss of approximately $2.1 million in user funds, decentralized finance (DeFi) protocol Unizen has taken swift action to address the situation. The platform announced plans to reimburse users who lost up to 750,000 units, aiming to restore 99% of affected users’ funds as quickly as possible.
Unizen to reimburse 99% of affected users’ funds
The incident came to light on March 9 when blockchain analytics firm PeckShield identified an “approve issue” with the DeFi platform, signaling that over $2 million had been drained. Users were urged to revoke approvals from the trade aggregator to prevent further losses.
Security company SlowMist estimated the exploit losses at $2.1 million, revealing that the attacker had exchanged Tether for the stablecoin Dai. Unizen wasted no time in responding to...
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Revolutionizing Memory Care: Sensay Unveils AI-Powered Digital Replicas for Dementia Support and Beyond
Cryptopolitan (RSS)
London, UK, March 11th, 2024, Chainwire
Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of its innovative platform designed to create autonomous lifelike AI Digital Replicas on-chain, marking a significant leap towards digital immortality. Leveraging cutting-edge technology, Sensay offers limitless potential in the digital age, empowering users to retain ownership and monetize their digital twins.
A Bold Step for Dementia Patients and Beyond
Starting with a focus on dementia patients and their families, Sensay aims to provide immediate social impact by offering lifelike digital replicas for memory preservation and companionship. This groundbreaking approach addresses the urgent needs of over 55 million individuals worldwide affected by dementia,...
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Cryptopolitan (RSS)
London, UK, March 11th, 2024, Chainwire
Sensay, a pioneering technology company at the intersection of AI and blockchain, today announced the imminent launch of its innovative platform designed to create autonomous lifelike AI Digital Replicas on-chain, marking a significant leap towards digital immortality. Leveraging cutting-edge technology, Sensay offers limitless potential in the digital age, empowering users to retain ownership and monetize their digital twins.
A Bold Step for Dementia Patients and Beyond
Starting with a focus on dementia patients and their families, Sensay aims to provide immediate social impact by offering lifelike digital replicas for memory preservation and companionship. This groundbreaking approach addresses the urgent needs of over 55 million individuals worldwide affected by dementia,...
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Blackrock Brings Ethereum ETF Enthusiast on Board to Focus on Crypto Offerings
CoinGape (RSS)
Blackrock has hired GSR research analyst Matt Kunke as a Digital Assets Product Strategist. The appointment comes at a time when the Ethereum ETF approval resides near and Blackrock aims to improve its crypto ETF offering to customers.
Blackrock Hires Matt Kunke
Matt Kunke, a former GSR research analyst, was brought on by BlackRock as a product strategist for iShares digital assets ETFs. According to his LinkedIn profile, Kunke started serving at Blackrock in February 2024. The appointment seems a little important as Kunke had previously placed a 75% bet on the approval of spot Ethereum ETF, something that Blackrock must be waiting for in anticipation.
Read Also: VanEck Axes Fees on Spot Bitcoin ETF for 24 Months
Ethereum ETF Bets Drop
The appointment comes at a crucial moment when the market’s bet...
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CoinGape (RSS)
Blackrock has hired GSR research analyst Matt Kunke as a Digital Assets Product Strategist. The appointment comes at a time when the Ethereum ETF approval resides near and Blackrock aims to improve its crypto ETF offering to customers.
Blackrock Hires Matt Kunke
Matt Kunke, a former GSR research analyst, was brought on by BlackRock as a product strategist for iShares digital assets ETFs. According to his LinkedIn profile, Kunke started serving at Blackrock in February 2024. The appointment seems a little important as Kunke had previously placed a 75% bet on the approval of spot Ethereum ETF, something that Blackrock must be waiting for in anticipation.
Read Also: VanEck Axes Fees on Spot Bitcoin ETF for 24 Months
Ethereum ETF Bets Drop
The appointment comes at a crucial moment when the market’s bet...
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FDIC Vice Critiques SEC’s Crypto Guide, Cites Major Concern
CoinGape (RSS)
Travis Hill, the Vice Chair of the Federal Deposit Insurance Corporation (FDIC), has aired a lot of criticism concerning the Securities and Exchange Commission’s (SEC) crypto accounting guidelines. He gave his comments during a speech at an event organized by the Mercatus Center, dedicated to the subject of tokenization. The critique is based upon the SEC’s Staff Accounting Bulletin (SAB) 121, which requires that firms that custodian cryptocurrencies to record the crypto holdings of their customers as liabilities on their balance sheet.
Departure from Traditional Custodian Practices
Hill noted that SAB 121 indicates a major departure from the existing custodian accounting practices. Custodial assets in financial institutions have been traditionally excluded from their balanc...
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CoinGape (RSS)
Travis Hill, the Vice Chair of the Federal Deposit Insurance Corporation (FDIC), has aired a lot of criticism concerning the Securities and Exchange Commission’s (SEC) crypto accounting guidelines. He gave his comments during a speech at an event organized by the Mercatus Center, dedicated to the subject of tokenization. The critique is based upon the SEC’s Staff Accounting Bulletin (SAB) 121, which requires that firms that custodian cryptocurrencies to record the crypto holdings of their customers as liabilities on their balance sheet.
Departure from Traditional Custodian Practices
Hill noted that SAB 121 indicates a major departure from the existing custodian accounting practices. Custodial assets in financial institutions have been traditionally excluded from their balanc...
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Ripple CEO: Only RWA Can Validate “Crypto is Back” Hype
CoinGape (RSS)
Brad Garlinghouse, CEO of blockchain payments firm Ripple Labs Inc, has highlighted the surging volumes of Bitcoin (BTC) Exchange-Traded Funds (ETFs) and the imminent halving event, noting their significant influence on the broader cryptocurrency market.
Garlinghouse highlighted the historical pattern of the crypto market following BTC’s lead, a trend observed across multiple market cycles. He, however, maintains that only Real World Assets (RWA) can sustain the hype around crypto.
Ripple CEO and RWA Embrace
Drawing from his experience traversing various crypto market cycles, the Ripple CEO emphasized the importance of coupling bullish market sentiment with real-world utility. He stressed that while bullish trends are promising, they must align with tangible applications and utility in the real world to signify genuine progress within the cryptocurrency ecosystem.
...
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CoinGape (RSS)
Brad Garlinghouse, CEO of blockchain payments firm Ripple Labs Inc, has highlighted the surging volumes of Bitcoin (BTC) Exchange-Traded Funds (ETFs) and the imminent halving event, noting their significant influence on the broader cryptocurrency market.
Garlinghouse highlighted the historical pattern of the crypto market following BTC’s lead, a trend observed across multiple market cycles. He, however, maintains that only Real World Assets (RWA) can sustain the hype around crypto.
Ripple CEO and RWA Embrace
Drawing from his experience traversing various crypto market cycles, the Ripple CEO emphasized the importance of coupling bullish market sentiment with real-world utility. He stressed that while bullish trends are promising, they must align with tangible applications and utility in the real world to signify genuine progress within the cryptocurrency ecosystem.
...
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Where Did We Go Wrong With Ethereum Scaling?
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Crypto Is (and Isn’t) Money
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Coinbase Accuses U.S. SEC of Breaking the Law in Rejecting Crypto Rulemaking
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
Coinbase Inc. (COIN) has accused the U.S. Securities and Exchange Commission of ignoring the law when it rebuffed the company's formal petition for crypto rules, according to a filing Monday in the U.S. Court of Appeals for the Third Circuit.
ApeCoin Price Prediction 2024-2033: Will APE Break $3 Resistance?
Cryptopolitan (RSS)
ApeCoin Price Prediction 2024-2033
— ApeCoin Price Prediction 2024 – up to $3.65
— ApeCoin Price Prediction 2027 – up to $10.80
— ApeCoin Price Prediction 2030 – up to $33.46
— ApeCoin Price Prediction 2033 – up to $97.86
The NFT industry has been booming for the past few years and is not stopping anytime soon. The NFT project Bored Ape Yacht Club has been one of the most successful in the...
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Cryptopolitan (RSS)
ApeCoin Price Prediction 2024-2033
— ApeCoin Price Prediction 2024 – up to $3.65
— ApeCoin Price Prediction 2027 – up to $10.80
— ApeCoin Price Prediction 2030 – up to $33.46
— ApeCoin Price Prediction 2033 – up to $97.86
The NFT industry has been booming for the past few years and is not stopping anytime soon. The NFT project Bored Ape Yacht Club has been one of the most successful in the...
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Millionaire Wallets Created by Bitcoin Rise Lower than Previous Bull Run
CoinGape (RSS)
Bitcoin prices have soared to hit their all-time high value in the last couple of weeks. As the buying momentum in the Bitcoin market paces up, so does wallet activity. According to Bloomberg, 1,500 new wallets are hitting $1 million every day due to the Bitcoin bull run. However, the number still stands below the previous 2021 bull run.
Bitcoin Boom Generates Millionaire Wallets
Bloomberg highlights that approximately 1,500 new “millionaire wallets” are reportedly being created every day as a result of Bitcoin’s historic climb, according to crypto analytics company Kaiko Research. Millionaire wallets are those that hold cryptocurrency worth $1 million. According to ...
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CoinGape (RSS)
Bitcoin prices have soared to hit their all-time high value in the last couple of weeks. As the buying momentum in the Bitcoin market paces up, so does wallet activity. According to Bloomberg, 1,500 new wallets are hitting $1 million every day due to the Bitcoin bull run. However, the number still stands below the previous 2021 bull run.
Bitcoin Boom Generates Millionaire Wallets
Bloomberg highlights that approximately 1,500 new “millionaire wallets” are reportedly being created every day as a result of Bitcoin’s historic climb, according to crypto analytics company Kaiko Research. Millionaire wallets are those that hold cryptocurrency worth $1 million. According to ...
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