crypto exchange Kraken must provide a wide variety of information about its users to the Internal Revenue Service (IRS), according to a ruling in theU.S. District Court of Northern California yesterday. According to a Friday court filing, the company will need to produce full documentation for any Kraken user that bought, sold, or traded at least $20,000 worth of cryptocurrency…
The walls around the walled garden of Twitter were raised even higher this week. Twitter CEO Elon Musk announced Saturday that the blue bird app is taking steps to limit verified accounts to reading 6,000 posts daily, while unverified accounts and new unverified accounts are being capped daily at 600 and 300 respectively. To address extreme levels of data scraping…
The rejection of ETF applications by the SEC caused a knee-jerk reaction but the shallow fall in Bitcoin and several altcoins suggests that lower levels are attracting buyers. Source: https://cointelegraph.com/news/price-analysis-7-1-btc-eth-bnb-xrp-ada-doge-sol-ltc-matic-dot
Top Stories This Week US SEC deems spot Bitcoin ETFs filings as inadequate There may be a longer wait for a spot Bitcoin exchange-traded fund (ETF) in the United States, as the Securities and Exchange Commission labeled investment managers’ recent applications inadequate. The SEC told the Nasdaq and the Chicago Board Options Exchange that their filings are not “sufficiently clear…
Illustration by Mitchell Preffer for Decrypt. Market leader Bitcoin had a wobbly week this week. It peaked above $31,100 and bottomed below $29,900, but its variability was limited to less than 2% in any given 24-hour period. After surpassing 50% market dominance last week, the top cryptocurrency settled back to 47.9%, but still sustaining over $9 billion in trading volume.…
Authorities in Hong Kong announced the creation of a task force dedicated to promoting Web3 development. The news broke late Friday, via an official press release from the Government of the Hong Kong Special Administrative Region, for an initiative taking effect today. The group will have a two-year period to do its work, and is led by Hong Kong’s financial…
The forthcoming multichain system will use zk proofs to transfer assets between networks. Source: https://cointelegraph.com/app/public/index.php/news/polygon-proposes-architecture-for-polygon-2-0-including-aggregator-bridge
The mantra of this year’s Polkadot Decoded 2023 conference is to focus on building better products instead of worrying about token price. Source: https://cointelegraph.com/public/index.php/news/forget-about-price-polkadot-decoded-2023-says-bear-markets-are-for-building
Speaking with Cointelegraph at the Collision conference in Toronto, crypto veteran Yat Siu outlined how crypto firms can cope with unique environments, stressin… Source: https://cointelegraph.com/public/index.php/news/crypto-vc-is-struggling-only-from-a-north-american-perspective-animoca-brands-ceo
The potential threat posed by artificial intelligence (AI) has been a key facet of science fiction for decades. Still, while it remains an aspect of Hollywood blockbusters, iconic action star Arnold Schwarzenegger—who led one of the most prominent film series about an AI oppressor—says the threat is now very real. During a panel discussion hosted by the Academy Museum of…
