NewsRoom Articles - Page 34 of 184

FridayMay 03, 2024 9:00 am

Stagflation Fears Cause Crypto Market to Slide

Cryptocurrency markets are experiencing a downturn amid concerns over potential economic stagnation in the United States. According to data from CoinDesk Indices, Bitcoin, the largest digital currency by market capitalization, was trading at $62,400 on April 29, 2024, after declining 2.5% during the previous day. Ether was also down by 3%, trading at $3,200, while CoinDesk 20, an index tracking the most liquid cryptocurrencies, had dropped by 2.6% to 2,197 points. The market sentiment seems to be at a critical juncture, with conflicting views on its future trajectory; analysts are weighing both optimistic and pessimistic scenarios. According to the analysis…

WednesdayMay 01, 2024 9:00 am

Proposed IRS Crypto Tax Form Raises Concerns About Wallet Address Exposure

Concerns rippled through the cryptocurrency sector last week as an early version of an IRS document surfaced, sparking anxiety and confusion. Portions of the document hinted at the possibility that individuals engaged in American decentralized finance (DeFi) might soon need to disclose their self-managed wallet details to the federal government. By 2025, the document, titled Form 1099-DA, is set to become obligatory for any crypto transaction that the U.S. Internal Revenue Service (IRS) deems to have originated from a brokerage. However, the exact implications of this requirement remain murky. While it’s widely expected that crypto exchanges will fall under the…

TuesdayApr 30, 2024 6:59 pm

Bitcoin Events Announces Two Exciting Events in South Africa: Crypto Fest 2024 and Blockchain Africa Conference 2024

Cape Town, South Africa - April 23, 2024 Get ready for a double dose of excitement as Bitcoin Events proudly presents two premier events in South Africa: Crypto Fest 2024 and the Blockchain Africa Conference 2024. Crypto Fest 2024: A Thrilling Crypto Extravaganza Prepare to immerse yourself in the dynamic world of cryptocurrency at the 6th edition of Crypto Fest. Scheduled to take place at the renowned DHL Stadium in Green Point, Cape Town, from October 10 to 12, 2024, this year's event promises an unparalleled experience for crypto enthusiasts worldwide. For the first time ever, Crypto Fest will span…

MondayApr 29, 2024 9:00 am

Venezuela to Ramp Up Use of Crypto to Counter Oil Sanctions

Venezuela’s state-owned oil company, PDVSA, is gearing up to ramp up digital currency use in its exports of fuel and crude oil amid renewed oil sanctions imposed by the United States, according to three individuals aware of the strategy. Recently, the U.S. Department of Treasury set a deadline of May 31, 2024, for PDVSA suppliers and clients to conclude transactions under the nonrenewed general license, citing the absence of electoral reforms. This action makes it more difficult for Venezuela to increase oil production and exports since it now requires specific U.S. licenses for companies to do business with the nation.…

FridayApr 26, 2024 9:00 am

BRICS Consider Replacing USD with Crypto for International Trade

In a recent statement, Anatoly Aksakov, the Russian State Duma Committee on Financial Market’s chair, noted there’s a push within the BRICS bloc to transition from the U.S. dollar to cryptocurrency for trade purposes. Aksakov emphasized the alliance’s efforts to leverage digital assets instead of traditional fiat currency for international commerce. The BRICS economic alliance, initially comprised of Russia, Brazil, India, South Africa and China, has long been committed to reducing reliance on the U.S. dollar, advocating for the use of local currencies. Consequently, the creation of digital currency transaction solutions has become a focal point, notably with the introduction…

ThursdayApr 25, 2024 7:05 pm

Proof of Pitch: Revolutionizing the Pitch Competition Landscape with AI-Driven Insights and Top Web3 VC

Prize pool of over 1M€ value including media grant from Cointelegraph Proof of Pitch is part of Proof of Talk, where All Global Leaders in Web3 Meet 10-11 June 2024, Museum of Decorative Arts (MAD), Louvre Palace, Paris Paris, Thursday 25 April 2024 – In a ground-breaking shift from traditional pitch competitions, Proof of Pitch emerges as a transformative platform uniquely combining Artificial Intelligence (AI) insights with the strategic acumen of the world’s leading Web3 venture capitalists. Proof of Pitch participants will showcase their presentation to an exclusive audience of speakers and VCs, including CEOs, founders of leading blockchain companies, and top Web3 VC partners. Next to the competition’s main sponsor zkSync, distinguished partners and jurors are participating, including Pantera Capital, Borderless Capital, Binance Labs,…

ThursdayApr 25, 2024 9:45 am

Top 10 Reasons to Attend Blockchain Futurist Conference

We feel compelled to tell you just 10 reasons (there are lots more) why Blockchain Futurist Conference 2024 is the years’ must-attend web3 event. 1. Largest Web3 Event in Canada “By far the BEST conference that I have ever been to in my life!” Jonathan P. With a huge web3 community, Canada is a fast-growing global hub for blockchain and crypto. Don’t forget, Ethereum was founded in Toronto. 2. When We Say Large, We Mean LARGE! Over 10,000+ in-person attendees, 250+ speakers, and 150+ partners expected this year! Blockchain Futurist Conference 2024 is easily one of the top web3 events on the…

WednesdayApr 24, 2024 9:00 am

CoinGecko Reveals Bitcoin Halving Occurred

Bitcoin (BTC), the largest digital currency globally, recently underwent its “halving” event, which occurs approximately every four years, as reported by CoinGecko, a company specializing in crypto analysis and data. Following the event, Bitcoin experienced relative stability, slightly declining to $63,747. Crypto enthusiasts had been anticipating the “halving”— an alteration to the fundamental technology of the crypto aimed at reducing the pace at which new Bitcoins are created. Satoshi Nakamoto, the pseudonym of Bitcoin’s creator, included the halving setting in the currency’s code at the time of its inception. Chris Gannatti, chief of global research at WisdomTree, an asset management…

MondayApr 22, 2024 6:14 pm

Blockchain Life 2024 thunderstruck in Dubai

The 12th edition of the Blockchain Life Forum, known as the leading gathering for global cryptocurrency leaders, concluded with an impressive turnout of 10,162 attendees despite the unprecedented storm that happened in Dubai. Representatives of the crypto industry have always stood apart, largely due to their unique character and the nature of their activities. After all, they are pioneers. And the most massive flood in Dubai in the last century did not prevent 10,162 people from meeting at the long-awaited Blockchain Life 2024, even despite the postponement of the second day of the forum. Needless to say, the atmosphere on…

MondayApr 22, 2024 9:00 am

Arkham Data Suggests US Government Has Significant BTC Holdings

The U.S. government, along with Germany and the United Kingdom, rank among the major holders of cryptocurrency worldwide, according to Arkham, a platform specializing in decrypting blockchain entitie. Arkham recently released a dashboard highlighting governments with significant cryptocurrency holdings. Through the new tracking feature, users can obtain up-to-date information about governments’ crypto balances and transaction histories. The announcement came on April 12, 2024, highlighting the United States, the UK and Germany as the top three nations, respectively, in terms of cryptocurrency ownership. The data reveals that the U.S. government leads the pack, holding a substantial amount of Bitcoin (BTC) totaling…