The investment comes after a March commitment to spend $90 billion on a chip fabrication facility near Seoul. Source: https://cointelegraph.com/news/south-korea-2nd-largest-chipmaker-invest-75-billionai-artificial-intelligence-2028
Month: June 2024
Payment infrastructure is the key to bringing retail users to crypto
Crypto enthusiasts have been wondering why no one seems to be buying their coins this cycle. If people could use crypto for something, maybe that would change. Source: https://cointelegraph.com/news/payment-infrastructure-is-the-key-to-bringing-retail-users-to-crypto
Treasury and IRS Announce Digital Asset Tax Reporting Regulations
The U.S. Department of the Treasury and the IRS have released final regulations for tax reporting on digital asset sales, as part of the Biden-Harris administration’s implementation of the Infrastructure Investment and Jobs Act. Additionally, the Treasury and the IRS revealed that they anticipate issuing further rules later this year to establish reporting requirements for […] Source: https://news.bitcoin.com/treasury-and-irs-announce-digital-asset-tax-reporting-regulations/
Bitcoin price recovery to $62.5K could trigger breakout in TON, AVAX, KAS and XMR
Bitcoin’s recent weakness has pulled several altcoins lower, but TON, AVAX, KAS and XMR look set to move higher. Source: https://cointelegraph.com/news/bitcoin-price-recovery-to-62-5k-could-trigger-breakout-in-ton-avax-kas-and-xmr
3 things that can spoil a potentially bullish July for Bitcoin
BTC price is likely to face headwinds in July from Mt. Gox repayments that could result in a “bull pennant” breakdown on the charts. Source: https://cointelegraph.com/news/3-things-spoil-bullish-july-for-bitcoin
Analyst Updates Spot Ether ETF Launch Date Prediction Citing Slow SEC Review
Bloomberg’s senior ETF analyst has updated his prediction regarding the launch of ether exchange-traded funds (ETFs), noting delays due to the U.S. Securities and Exchange Commission (SEC)’s review process during the holiday week. Despite the approval of 19b-4 filings for eight ether ETFs in May, the S-1 registration statements are still pending. SEC Chair Gary […] Source: https://news.bitcoin.com/analyst-updates-spot-ether-etf-launch-date-prediction-citing-slow-sec-review/
AI needs a killer app to prove it’s not a bubble — Goldman Sachs, MIT
Analysts were split over whether today’s AI investments would pay off in the next decade. Source: https://cointelegraph.com/news/ai-artificial-intelligence-killer-app-prove-bubble-goldman-sachs-mit
This Week in Crypto Games: Dr. Disrespect Dumped, Pixelverse and Catizen Tokens, Notcoin ‘Fresh Start’
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the…
Stablecoin Market Remains Steady in June Amidst Crypto Volatility
While June was a lackluster period for crypto assets as many experienced double-digit losses against the U.S. dollar, the stablecoin market also saw minimal growth over the past 30 days. Ethena’s USDE led the growth, with its supply increasing by 21.4% since May. Stablecoin Economy Shows Little Change in June The stablecoin market remained relatively […] Source: https://news.bitcoin.com/stablecoin-market-remains-steady-in-june-amidst-crypto-volatility/
The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?
As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple top, potentially exceeding $90,000. However, reaching the six-figure mark will be a significant psychological challenge, and it may fall short of […] Source: https://news.bitcoin.com/the-six-digit-struggle-what-if-bitcoin-falls-short-of-100k/