Month: June 2022

85% of Merchants Say Enabling Crypto Payments Is High Priority – Featured Bitcoin News

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A survey conducted by Deloitte in collaboration with PayPal found that over 85% of merchants “are giving high or very high priority to enabling cryptocurrency payments.” In addition, “nearly three-quarters of those surveyed reported plans to accept either cryptocurrency or stablecoin payments within the next 24 months.” Majority of Merchants Surveyed Plan to Enable Crypto Payments Financial services firm Deloitte published a report titled “Merchants getting ready for crypto” on Wednesday in collaboration with payments giant Paypal. The report includes the results of a survey conducted between Dec. 3 and…

Blockchain is the Solution to Recycling

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For a long time, improper waste management has been polluting oceans and landfill sites with plastic that will never break down. The waste to water ratio of water bodies is devastatingly alarming. In turn, this is having a detrimental impact on marine life. It is no secret that our planet is in trouble. We’re facing a climate crisis, and a big part of the problem is the amount of waste that’s clogging up our landfills and oceans. This kind of pollution can cause entanglement, suffocation, and ingestion of toxic chemicals…

What did the world’s elite think of crypto?

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Cointelegraph introduces “Crypto Street,” a series of spontaneous conversations with strangers on the street to educate, entertain and take a temperature check on the world’s relationship with crypto. The first episode comes from the gates of the World Economic Forum (WEF) in Davos, Switzerland. Cointelegraph reporter Joseph Hall attempted to speak with the world’s elite where he was rejected, ridiculed, and ignored before stumbling across crypto believers among the WEF attendees. Sporting a Cointelegraph sweatshirt with the loudest Bitcoin (BTC) logo, Hall asked passersby to guess what was print represented. Some WEF-goers…

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

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Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price — how much it costs to mine a single Bitcoin — could be right where the current spot…

$30K BTC price has ‘severe impact’ on Bitcoin miner profits — analysis

Bitcoin (BTC) is squeezing its miners this month as suppressed prices threaten to impact profitability. The latest data shows both narrowing profit margins and miners waiting longer to recoup their initial investment. Miner production cost faces off with BTC price While Bitcoin miners have largely held off on major distribution as BTC/USD descends from all-time highs, the picture now appears precarious. Calculations from on-chain analytics platform CryptoQuant reveal that miners’ production price — how much it costs to mine a single bitcoin — could be right where current spot price…

Yellen doubts crypto’s place in 401(k), says Congress could regulate

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The Secretary of the United States Treasury, Janet Yellen, weighed in on including cryptocurrencies in retirement plans, calling them a very risky investment that should be regulated by Congress.  During an event organized by the New York Times in Washington on Thursday, Yellen shared her opinion on the pioneer attempt to include crypto in retirement plans undertaken by Fidelity Investments: “It’s not something that I would recommend to most people who are saving for their retirement. To me it’s very risky investment.” The discussion around digital currencies in 401(k) plans…

18/02/22| Crypto news today | Shiba inu coin news today | Cryptocurrency | Bitcoin news today | BTC

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io 18/02/2022| Cryptocurrency news today | Crypto news today | Bitcoin news today | Hindi | Cryptocurrency for beginners In this video, we have covered news from across the Globe. Watch this video and keep yourself updated. Latest Crypto updates latest Crypto News. Cryptocurrency news today Crypto news today Bitcoin news today in Hindi. ===================== New’s Covered in the Video -UAE to issue licenses for virtual asset providers by end of Q1: report. -Shiba Inu Trading Finally Goes Live On Top Brazilian Exchange…

Declare the Side Hustle — Americans Are Concerned About the 1099-K Tax Rule for Payments Over $600 – Taxes Bitcoin News

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Americans are worried about a new tax reporting requirement that will force applications like Venmo, Cash App, Paypal, Airbnb, and Ebay to send 1099-K forms to users. The U.S. Internal Revenue Service (IRS) is specifically focusing on payments of $600 or more for goods and services received through a third-party payment network. US Residents Think Form 1099-K Will Cause Headaches — IRS Says It’s Important ‘Records Reflect Business Income’ A new tax reporting requirement from the IRS will require third-party payment processors to send users who receive payments of $600…

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