ALSO: Five CoinDesk journalists offer their takeaways from Consensus 2023. They found an industry still filled with optimism but also realistic about the challenges ahead, most notably, regulatory uncertainty. Author: Sam Reynolds Source link
Month: April 2023
Open Campus (EDU) Listing Stimulates Interest in Web3 EdTech – BeInCrypto
Open Campus (EDU) Listing Stimulates Interest in Web3 EdTech BeInCrypto Author: Source link
‘Good luck bears’ — Bitcoin traders closely watch April close with BTC price at $29K
Bitcoin (BTC) narrowed volatility on April 30 as the weekly and monthly candle closes loomed. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader sees BTC price upside capped at $32,500 Data from Cointelegraph Markets Pro and TradingView tracked BTC/USD as it loitered just above $29,000 throughout the weekend. After unsettled price action earlier in the week, Bitcoin returned to sideways trading, with markets witnessing an eerie calm despite the potential for volatility thanks to lower weekend liquidity. As such, traders were hopeful that no unwelcome surprises would greet the candle…
FDIC pins Signature Bank’s failure on poor governance and illiquidity
The United States Federal Deposit Insurance Corp’s (FDIC) post-mortem assessment of Signature Bank of New York (SBNY) revealed poor management and inadequate risk management practices as the root cause for its collapse. Signature Bank was shut down by federal regulators on March 12 in a bid to protect the U.S. economy and strengthen public confidence in the banking system. FDIC was appointed to handle the insurance process. @federalreserve @USTreasury @FDICgov issue statement on actions to protect the U.S. economy by strengthening public confidence in our banking system, ensuring depositors’ savings…
NEAR Foundation opens submissions for Women in Web3 … – CryptoTvplus
NEAR Foundation opens submissions for Women in Web3 … CryptoTvplus Author: Source link
Mastercard launches Web3 user verification solution to curb bad actors
Global financial services giant Mastercard has launched a new Web3 solution aimed at enhancing user verification standards and “reducing the opportunities for bad actors” in the digital asset space. The solution is dubbed the “Mastercard Crypto Credential” and its launch was announced on April 29. In an accompanying explainer video shared to Twitter, the firm outlined that its “building a way for Web3 and blockchain service providers to help secure transactions between users, verified according to standards set by Mastercard.” At #Consensus23, we announced how we are instilling trust in…
Edward Snowden: Researchers Should Train AI to Be ‘Better Than Us’
The former NSA whistleblower shared his hopes that AI’s intelligence could exceed that of humans and ultimately benefit humanity, despite fears the technology could be co-opted by bad actors. Author: Elizabeth Napolitano Source link
U.S. House Will Have Crypto Bill in 2 Months, Says Rep. Patrick McHenry
Sen. Cynthia Lummis (R-Wyo.), the other panellist during the session, said she looked forward to coordinating those efforts with McHenry, adding that the House had a better chance than the Senate at getting legislation through earlier. She said if the House moves first on crypto, it would “improve our chances” in the Senate. Author: Amitoj Singh Source link
The Crypto Miner Reckoning: No Fate but What We Make
As Bitcoin ages into its teens, it’s time to move beyond tribalism so we can work collectively with legislators and innovate business models of the future, writes Samir Tabar of Bit Digital. Author: Sam Tabar Source link
Tax law researchers propose IRS framework for deducting crypto losses
Researchers at Indiana University and the University of Maine recently published a study examining the current state of cryptocurrency tax law in the United States. The research concludes with recommendations for the Internal Revenue Service (IRS) that, if adopted, would prevent taxpayers from weighing crypto losses against other capital gains. The paper, dubbed simply “Crypto Losses,” seeks to define the various forms of loss that can be accrued by businesses and individuals invested in cryptocurrency and proposes a “new tax framework.” Current IRS guidelines concerning cryptocurrency are somewhat nebulous. For…