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Bitcoin Transaction Fees Experience Significant Drop Following Record High

Transaction costs for Bitcoin, the most popular cryptocurrency in the world, dropped significantly after reaching a record high. This decline, which followed the Bitcoin halving, has drawn interest from the cryptocurrency community. Let’s examine this development’s specifics. Bitcoin Transaction Fees Plunge: The average charge for Bitcoin transactions has dropped significantly, only one day after hitting … Continue reading Bitcoin Transaction Fees Experience Significant Drop Following Record High

IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

A preview of the new Form 1099-DA, a tax form that will be used by cryptocurrency brokers to record transactions involving digital assets, has been made available by the Internal Revenue Service (IRS) of the United States of America. As part of the continuous efforts of the Internal Revenue Service (IRS) to enhance compliance and … Continue reading IRS Introduces New Form 1099-DA for Reporting Income from Digital Asset Transactions

USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

The United States of America (USA) and Nigeria are poised to explore potential partnership opportunities in the digital economy, emerging technology, and the advancement of artificial intelligence (AI). The discussions aim to strengthen economic ties between the two countries and foster deeper collaborations in these areas. The Deputy Chief of Mission at the U.S. Embassy, … Continue reading USA and Nigeria to Discuss Digital Economy and AI Advancements for Economic Growth

Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

Nadeem Arjarwalla, a senior official of Binance, escaped from detention in Nigeria, and the Nigerian authorities was able to track him down in Kenya . Arjarwalla is charged with participating in operations that caused major disruptions in the Nigerian naira exchange rate market . Arjarwalla’s cover was exposed after he arrived in Kenya, and the … Continue reading Binance Executive Nadeem Arjarwalla Traced to Kenya After Escape from Nigerian Custody

Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

We conducted an interview with Alessio Quaglini, the Managing Partner of HEX Trust who has extensive experience in Investment Banking, Financial Services, and regulation. He shared with us his views on the digital asset custody sector. What is the difference between custody of traditional vs digital assets? To answer this question, we can look at the … Continue reading Blockchain.News Interview with Managing Partner of HEX Alessio Quaglini on Digital Asset Custody

Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

Since the launch of the Bitcoin in 2008, interest in cryptocurrencies continue to increase exponentially over the years. As the space matures, investors are increasingly eager to add cryptocurrencies into their portfolios for more diversification, whether it is for long-term value investing or short-term profit maximization. Investors can no longer afford to ignore the impact … Continue reading Blockchain.News Interview with Co-founder and CIO of CryptAM, David Demmer on Digital Asset Management

US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

The United States Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA) issued a statement addressing regulatory issues regarding the custody of digital asset securities on 8 July. The recent statement highlighted that any entity involved in the transactions with digital asset securities must register with the SEC as a broker-dealer, and … Continue reading US SEC and FINRA Issued Latest Custody Guidance on Digital Assets Securities

Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility

“I am not a fan of Bitcoin and other Cryptocurrencies, which are not money.” Donald Trump tweeted on 11 July. Exhibit 1. How Donald Trump views cryptocurrencies Source: Donald Trump Twitter The tweet came after the night of “Social Media Summit” which did not include any representatives from social media companies such as Facebook, Twitter or … Continue reading Donald Trump is “Not a Fan” of Bitcoin and Crypto, Citing High Volatility

Exclusive: How Significant is Consensus As-a-service Model?

While Amazon and Microsoft launched the blockchain-as-a-service (BaaS) platform in 1H 2019, Hedera Hashgraph collaborated with IBM to launch a consensus as-a-service model. Is this the next upcoming tech trend for giants to follow? Sami Mian, Head of Korea, and Japan of Hedera Hashgraph revealed the significance of the consensus as-a-service model! He also explained … Continue reading Exclusive: How Significant is Consensus As-a-service Model?

Walmart Files Patent Introducing Its Own Digital Currency

Walmart has filed a cryptocurrency patent to develop its own U.S dollar-backed digital currency similar to Facebook’s Libra. The proposed coin’s objective aims to provide finance for those with limited access to banking services similar to Facebook’s intention for introducing Libra. The patent filing number 20190236564 “System and Method for Digital Currency via Blockchain,” was … Continue reading Walmart Files Patent Introducing Its Own Digital Currency

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