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BIS Report Cites ‘Inherent Limitations’ of Cryptocurrencies; Questions Their Role in Global Economy

13.7.2023
The Bank of International Settlements (BIS) has published a report on cryptocurrencies and explains that the technology has serious “flaws.” BIS researchers insist that permissionless blockchains have “inherent limitations” that lead to network congestion and high fees. BIS Report: ‘Crypto Has...

US SEC files lawsuit against Celsius and Alex Mashinsky: Report

13.7.2023
Last week, a separate U.S regulator, the CFTC reportedly found that Celsius and Alex Mashinsky broke several regulations before the collapse in 2022

Bitcoin, Ethereum Technical Analysis: Bitcoin Consolidates Below $31,000, as Traders Digest Recent Economic Data

13.7.2023
Bitcoin retreated from recent gains on Thursday, as traders were unable to sustain a breakout of a key resistance level. Market volatility has risen following yesterday’s U.S. inflation report, which dropped to a two-year low. Ethereum was marginally lower, slipping below $1,900. Bitcoin...

Report: Meta to release commercial AI tools to rival Google, OpenAI

13.7.2023
Sources close to Meta reportedly have said the company plans to make a commercial version of its AI model to be more widely available and customizable

US Inflation Hits Two-Year Low, Boosting Stocks and Precious Metals

13.7.2023
On Wednesday, July 12, 2023, the U.S. Bureau of Labor Statistics released the Consumer Price Index report for June, showing a 3% increase in inflation, the lowest level since March 2021. The U.S. inflation rate has fallen for 12 consecutive months, with the index rising 0.2% on a monthly basis....

IRS probes crypto traders using Puerto Rico tax breaks: Report

13.7.2023
“The noose is tightening” for wealthy Americans suspected of exploiting Puerto Rico’s relaxed tax regime

Bank for International Settlements Rejects Crypto as Money in Report to G20

12.7.2023
A new report from the Bank for International Settlements (BIS) has pointed to “inherent structural flaws” in crypto as the reason why it will never become money. In the report, the BIS made it clear that it believes crypto has problems related to its “stability and efficiency,” while also...

Crypto Criminals Stealing Much Less Money in 2023: Chainalysis Report

12.7.2023
Crypto crimes are raking in far less revenue this year due to a dry-up among hacks and scams, according to Chainalysis

Bitcoin, Ethereum Technical Analysis: Bitcoin Pushes Towards $31,000 as US Inflation Is Expected to Fall

12.7.2023
Bitcoin moved towards $31,000 on Wednesday, ahead of June’s inflation report from the United States. Consumer prices are expected to fall to 3.1%, down from May’s reading of 4.0%. Ethereum also edged higher, as the cryptocurrency closed in on the $1,900 mark. Bitcoin Bitcoin (BTC)...

High skilled jobs most exposed to AI, impact is still unknown - report

12.7.2023
A deep dive into global employment data and trends indicates that AI could have the biggest impact on high-skill jobs

Stablecoins Pose 'Existential Threat' to Policy Sovereignty, Says India Central Bank Official: Report

12.7.2023
"If large stablecoins are linked to some other currency, there is a risk of dollarization," RBI Deputy Governor Rabi Sankar has said

Multichain Executor has been 'draining' AnySwap tokens: Report

11.7.2023
The contract has used an “anySwapFeeTo” function to transfer hundreds of thousands of dollars worth of tokens to itself, which on-chain sleuth Spreek suspected may have been malicious

US authorities are investigating former FTX exec for potential campaign finance violations: Report

11.7.2023
FTX Digital Markets co-CEO Ryan Salame was the individual who first reported FTX to Bahmanian authorities, but he reportedly may face charges of his own in the United States

NEAR Foundation publishes Transparency Report for Q2-2023

11.7.2023
NEAR Foundation has published its quarterly report titled NEAR Foundation Transparency Report: Q2 2023. This is the second installment this year and highlights its developments and advancements in Blockchain Operating System, Web2.5 strategy, and Web3 partnerships. These are only a few points...

Report: The crypto custody market reached $448 billion in 2022

11.7.2023
Researchers cite a rise of interest in crypto staking, made possible by the Ethereum Merge and the appearance of non-fungible tokens (NFTs) as the major developments for custody market

India Poised to Leapfrog Major Economies, Becoming World’s Second-Largest by 2075, Goldman Sachs Report Predicts

11.7.2023
In a recent report, Goldman Sachs Research details that India is set to outpace Japan, Germany, and the U.S. to become the world’s second-largest economy by 2075. The financial institution’s researchers predict a dramatic expansion in India’s gross domestic product. Economic...