Nothing has shaped modern human life on this planet more than electricity. It powers our homes, our appliances, our heating and cooling systems, our electronics, our computers, our phones and the internet. It powers industry, science, research, hospitals, agriculture, manufacturing, construction, and public transportation. Electricity is so essential that we only realize how dependent we are on it when it is no longer available. As recent historic events have shown, including fires, floods, hurricanes and other severe weather events, our power grids are vulnerable to failure. They are built on…
Day: February 14, 2022
Indian Finance Minister Says RBI Is on Board With New Crypto Rules
“We were all discussing prior to the budget. And we shall continue to have the discussions. And all decisions … are being taken on it, obviously, because it [is] very serious, it is a digital currency from the central bank of some sort, of some shape, some color, some description. So obviously it will be with both of us having had enough consultations,” she added. Source
Crypto miners exempt from IRS reporting rules, US Treasury affirms
The cryptocurrency industry in the United States is about to score a major legal win as the U.S. Treasury Department plans to spare crypto miners, and other “ancillary parties” from tax reporting rules. In a letter to a group of senators on Friday, the U.S. Treasury indicated that it plans to exempt crypto miners, stakers and other market participants from rules that would require crypto brokers to share data on their clients’ transactions with the Internal Revenue Service. “Appreciate the Treasury Department affirming that crypto miners, stakers and those who…
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Crypto Not Showing Any Robust Ascent
Ethereum (ETH) is trading at USD2,932.45, with a trading volume of USD9,666,018,686 in the last 24 hours. Ethereum price posted a gain of 1.23%, a 24-hour low of $2,870.18, and a high of $2,980.08. It is currently at the No. 2 spot on the Coin Market Cap chart, with a current market cap of USD350,616,744,281. Tokens in circulation now total 119,564,241 ETH. Three months ago, ETH – the second-biggest cryptocurrency – was trading at $4,809; on Jan. 11, 2022, it dropped to $3,251, and on Feb. 4, it was at…
DBS Plans to Launch Retail Digital Assets Trading Desk by Year End
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase…
‘Up only’ for BTC fundamentals — 5 things to watch in Bitcoin this week
Bitcoin (BTC) starts the week with a slow drag downhill towards pivotal support at $40,000. After bulls had something to celebrate last week, the current environment looks like a fresh dose of reality as BTC battles nervous stock markets, a resurgent U.S. dollar and more. The picture is, as always, mixed — while spot price may not look too impressive, under the hood, Bitcoin is stronger than ever, and network participants are doubling down on their long-term commitments. Add to that the slow decline of risky behavior on derivatives markets…
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‘Bank of Jamaica Will Roll Out Digital Jamaican Dollar in 2022,’ Says Prime Minister – Bitcoin News
According to an announcement from Jamaica’s Prime Minister Andrew Holness the Bank of Jamaica plans to “roll out” its central bank digital currency (CBDC) after the country’s successful pilot last year. Jamaica’s CBDC Is Due to Launch This Year Jamaica, the island country situated in the Caribbean Sea is planning to launch its CBDC this year, according to Prime Minister Andrew Holness. The Jamaican bureaucrat tweeted about the CBDC on February 10, when he said: “the Bank of Jamaica will roll out our own digital Jamaican dollar in 2022 after…
Israel’s Securities Regulatory Chief Lays Out Crypto Plans
The ISA is looking to attract blockchain-based solutions that can improve the infrastructure supporting the securities and sovereign debt markets in Israel with the hackathon. The securities regulator has partnered with the Ministry of Finance in Israel, Start-Up Nation Central, as well as tech providers like VMware, Digital Asset and Algorand to host the onsite hackathon, which will be held on March 24, 2022, in Tel Aviv. Source