Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status
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Digital Yuan App Drops ‘Pilot’ Description, Hints at Change to Production Ready Status

The digital yuan app, which services users of the Chinese CBDC, has dropped the ‘pilot’ label from its name without any announcement, prompting speculation about an upcoming move to production stages. While local Chinese news outlets explained that this change had to do with app requirements, some expect this might be a step before its […] Source: https://news.bitcoin.com/digital-yuan-app-drops-pilot-description-hints-at-change-to-production-ready-status/

FTX Reaches Settlement With IRS on $24 Billion Tax Claim
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FTX Reaches Settlement With IRS on $24 Billion Tax Claim

Crypto exchange FTX has reached a settlement with the Internal Revenue Service (IRS), reducing its $24 billion claim to $200 million to be paid within 60 days after the company’s restructuring plan is approved. Additionally, the U.S. tax authority will receive a $685 million lower priority claim, payable only if funds are available after satisfying […] Source: https://news.bitcoin.com/ftx-reaches-settlement-with-irs-on-24-billion-tax-claim/

‘Notcoin’ Is Giving $1 Million to Telegram Game’s Pre-Market Traders
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‘Notcoin’ Is Giving $1 Million to Telegram Game’s Pre-Market Traders

Telegram-based game Notcoin has been responsible for this year’s biggest gaming token launch—and the price has only surged since then, more than tripling in value recently as The Open Network-based NOT token gains steam. Now the team has rewarded the earliest traders who made a bet on Notcoin’s future performance. Back in March, before the NOT token launched and Notcoin…

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VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency
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VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency

Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months. During a podcast, Chamath clarified that considering the price performance in the previous halving cycles, bitcoin could reach that level pushed by the adoption of countries […] Source: https://news.bitcoin.com/vc-billionaire-chamath-palihapitiya-explains-the-500000-bitcoin-case-countries-will-become-dual-currency/