In recent discussions surrounding cryptocurrency, particularly Bitcoin, Federal Reserve Chairman Jerome Powell has drawn a clear boundary between digital assets and traditional fiat currencies like the U.S. dollar. His remarks during The New York Times DealBook Summit highlighted his view of Bitcoin as analogous to gold rather than a functional currency. This article delves into
In a significant move, South Korea’s Democratic Party (DP) has opted to delay the implementation of proposed cryptocurrency taxation laws for an additional two years, a decision echoed by floor leader Rep. Park Chan-dae during a recent press conference. The initial tax was slated to come into effect in January 2024, aimed at taxing profits
In a landscape marked by rapid digitization and regulatory scrutiny, the cryptocurrency industry faces increasing pressure to comply with international standards. Answering this need is TRUSThub, a groundbreaking platform launched by the Coinbase-led Travel Rule Universal Solution Technology (TRUST). Announced on December 5, TRUSThub aims to transform the way Virtual Asset Service Providers (VASPs) manage
The gaming landscape is rapidly evolving, particularly with the rise of blockchain technology, which offers promising opportunities for developers and players alike. The Xai Foundation’s recent launch of Tiny Sentry Keys marks a pivotal moment aimed at making the Ethereum gaming ecosystem more accessible. These NFT-based licenses present a game-changing approach that not only simplifies
As the crypto landscape continues to evolve, regulatory frameworks are becoming increasingly stringent, especially in jurisdictions like Canada. This environment has prompted several crypto firms to reconsider their operations within the nation. Notably, Circle has emerged as a trailblazer by successfully achieving compliance for its USD Coin (USDC) with Canada’s new digital asset listing requirements,
The cryptocurrency sphere is teeming with projects aiming to revolutionize the digital landscape, but few have generated as much curiosity and skepticism as the Pi Network. Launched over two thousand days ago, Pi Network was touted as a groundbreaking initiative enabling users to mine cryptocurrency directly from their smartphones. Despite its ambitious vision, the project
The recent nomination of Paul Atkins as the next chairman of the United States Securities and Exchange Commission (SEC) by President-elect Donald Trump marks a significant moment in the regulatory landscape, particularly concerning digital assets. In a post dating December 4, Trump underscored Atkins’ recognition of the vital role that innovations in digital finance play
As Bitcoin grapples with its elusive goal of reaching the $100,000 mark, other cryptocurrencies are making significant strides in the market. Among these, Binance Coin (BNB) has garnered attention, recently achieving an impressive all-time high after a six-month journey. Unlike Bitcoin’s stagnation, BNB saw a remarkable surge of over 22% within a single day, crossing
Recent analyses among cryptocurrency experts point toward a significant moment for Ethereum, as the asset is on track to confirm a golden cross on the daily price chart. This technical indicator, primarily observed when a short-term moving average (MA)—specifically the 50-day MA—crosses above a long-term moving average, such as the 200-day MA, typically signifies the
In a bold declaration at the Investment Forum in Moscow on December 4, Russian President Vladimir Putin heralded Bitcoin (BTC) and other digital currencies as indispensable instruments in the global financial ecosystem. He asserted that these technologies are essential for rectifying financial inefficiencies and bolstering economic stability. By positioning Bitcoin as a potential successor to