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Bitcoin sell-off next? Binance BTC balance shoots up $1.5B in 1 month

Binance is up over 50,000 BTC in a month, in sharp contrast to other major exchanges, while data suggests the market is going short BTC at $30,000. Bitcoin  BTC $29,433 traders may be gearing up for a sell-off as data shows tens of thousands of coins moving to exchanges. The latest figures from on-chain monitoring resource […]

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Revolut taps Koinly for automated cryptocurrency tax reports

Revolut has partnered with Koinly to integrate cryptocurrency tax report services for users. As cryptocurrencies increasingly fall under the purview of global tax authorities, fintech Revolut has integrated an automated tax reporting service for its users. The digital financial services provider has partnered with cryptocurrency tax solution Koinly to allow users to generate cryptocurrency tax

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Binance to reenter Japan via acquired regulated exchange SEBC

Although no official date is mentioned for the launch of Binance Japan, the notice stated that the exchange could start after June. Crypto exchange Binance is set to reenter Japan after acquiring the regulated crypto exchange platform Sakura Exchange Bitcoin (SEBC). Binance acquired the exchange — a Japan Financial Services Agency-licensed business — in November 2022, intending to

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ChatGPT, Midjourney, other AI tools to make their way into EU legislation

The bill will classify the risk of AI tools and force developers of generative-AI applications to disclose the use of any copyrighted materials. Controversies around artificial intelligence (AI) and its use of copyrighted material have arisen in various scenarios after a major uptick in the use of the technology in content creation.  Legislators in the European Union

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Bitcoin price holds $29K as US PCE data sparks 90% Fed rate hike bets

Bitcoin holds firm around $29,000 as markets escape a “shock” from the week’s main macro event. $29,411 stayed choppy at the April 28 Wall Street open, while United States macro data conformed to expectations. PCE offers “nothing to shock” Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fluctuating around the $29,000 mark on Bitstamp. U.S. Personal Consumption Expenditures (PCE)

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China Launches Digital Yuan

China, one of the world’s largest economies, has launched its own digital currency, known as the digital yuan or e-CNY. The move is expected to bring significant changes to the country’s financial system and could have implications for the global economy. The digital yuan is a digital version of China’s national currency, the renminbi. It

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Visa Plans to Use Blockchain to Settle Payments

Visa, one of the world’s largest payment processors, has announced plans to use blockchain technology to settle cross-border payments. The move is expected to bring significant benefits in terms of speed, security, and cost savings. Traditionally, cross-border payments can be slow, expensive, and subject to fraud and errors. By using blockchain technology, Visa aims to

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IBM Launches Blockchain-based COVID-19 Vaccine Passports

In March 2021, IBM launched a blockchain-based digital health pass called “Digital Health Pass” to help organizations verify COVID-19 test results and vaccination status. The platform uses blockchain technology to secure and verify health data, making it easier for individuals to share their health status with employers, airlines, and other organizations. The Digital Health Pass

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