[ad_1] As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be used in practice. In short, with the IRS set to keep tabs on Americans’ cryptocurrency usage through an expected 8 billion new returns, it seems the Department of Justice (DOJ) may soon have the tools it wants to start confiscating cryptocurrency
[ad_1] Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the potential approval of a Bitcoin spot exchange-traded fund (ETF) in the United States.Investors worry about the bearish global economic outlookBears expect further macroeconomic
[ad_1] The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend its supervision to consumer reporting, consumer debt collection, student loan servicing, international money transfers and automobile financing.The rule would extend the supervisory role it already has in depository institutions
[ad_1] Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise.As Bitcoin’s supply tightens, available BTC is being purchased by smaller, long-term holding entities.Bitcoin accumulation among a majority of investor cohorts and the bullish conviction of long-term holders equates to investors gobbling up “92% of the newly
[ad_1] Google’s testing a pair of experimental artificial intelligence (AI) systems for creators and viewers on its YouTube video sharing platform. The first experiment, according to a post on YouTube Help, involves an “AI that organizes large comment sections of long-form videos into easily digestible themes.” This tool will allow content creators to organize their comment sections by topic, highlight specific comments, and even delete comments related to a given topic.
[ad_1] IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.”Focused on accelerating #genAI technology and research for the enterprise, IBM announced the launch of a $500M venture fund to invest in #AI companies. Learn more: https://t.co/RqXLLvfOq0 pic.twitter.com/CQKAtzyolM— IBM News (@IBMNews) November 7, 2023 Generative AI products
[ad_1] Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia.According to the Nov. 7 announcement, the fund will provide financial and strategic support for selected startups. In addition, startups can use the firm's existing Viction layer-1 blockchain infrastructure for low-gas fee transactions and enhanced security. Another key aspect of the Ninety Eight Ecosystem
[ad_1] Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of regulatory uncertainty in the United States, it said.The Coinbase council will take on a decidedly more strategic tone with the new members. Mark Esper is a former U.S. secretary of defense. Stephanie Murphy is a former congressperson and a national
[ad_1] FTX collapse: Unraveling the cryptocurrency crisis of November 2022 In November 2022, the cryptocurrency world was rocked by the collapse of FTX, one of the largest cryptocurrency exchanges. The collapse was triggered by a liquidity crisis at FTX, which was caused by a combination of factors, including mismanagement of customer funds and risky trading practices by FTX’s sister company, Alameda Research.The collapse of FTX had a ripple effect across
[ad_1] Ordinals, a BRC-20 token collection minted on the Bitcoin blockchain, have surged by 40.8% in the past 24 hours to $10.19 after listing on crypto exchange Binance.According to Binance's Nov. 7 announcement, traders can now trade Ordinals (ORDI) against Tether (USDT), Bitcoin (BTC), and the Turkish Lira (TRY). Binance claims that it did not charge developers any listing fees for the ORDI token and that withdrawals will open on Nov.