In a research note to clients last week, Lunde wrote that bitcoin could reach $45,000. BTC was currently trading at about $29,440, down 2%, although it is up about 80% in 2023. The rebound follows a year of distress, in which multiple major firms declared bankruptcy, sending risk-shy investors fleeing from crypto markets. Source
The Lightning Address protocol allows users to send bitcoin over the Lightning Network to a wallet identifier resembling a conventional email address. Original
The police service of the Canadian city of Calgary is launching a Cryptocurrency Investigations Centre in partnership with blockchain analytics firm Chainalysis to help combat crypto crime. The center “will enable law enforcement to tackle crime that takes place using blockchain technology,” Chainalysis described. Canada’s Cryptocurrency Investigations Centre The police service of Calgary, the largest city in the western Canadian province of Alberta and the largest metro area within the three Prairie Provinces region, announced last week that it is creating a “Cryptocurrency Investigations Centre.” The announcement explains: The Calgary…
If convicted, Dubnikov would have spent up to 20 years in prison. But this February, he plead guilty to “conspiracy to commit money laundering,” and on April, 11, Dubnikov was sentenced for imprisonment of the time served, meaning, he will be released on parole. Dubnikov was also ordered to forfeit $2,000, according to the court case documents. Source
Starting tomorrow, April 18, the Smurf Society will open a bucket auction for 3,000 NFTs based on the Smurfs characters. While there are Smurfs avatars based on famous legacy characters like Papa Smurf, Brainy Smurf and Smurfette, the Smurfs’ Society Legendary Collection brings Web3 characters to the village like VR Smurf and Crypto Smurf. Source
The virtual sneaker, called Our Force 1 (OF1), is a play on the brand’s iconic Air Force 1 design. Beginning on April 18, Nike will begin airdropping “posters” to select .Swoosh users, granting them early access to the sale on May 8. On May 10, the entire .Swoosh community will be able to purchase the digital goods through its marketplace. Source
Hester Peirce, a commissioner of the U.S. Securities and Exchange Commission (SEC), has issued her opinion on the recent attempts of the institution to change the definition of “exchange” under the Exchange Act Rule. According to Peirce, the institution is now expanding its reach to solve “problems that do not exist,” stifling innovation in the process. SEC Commissioner Hester Peirce Issues Dissenting Opinion U.S. SEC Commissioner Hester Peirce, also known in cryptocurrency circles as “crypto mom,” has written a letter blasting the recent decision of the Commission to amend the…
Before the upgrade, some crypto watchers worried that the event would flood the market with millions of unlocked ETH and crash the second largest cryptocurrency’s price, although others predicted little impact or that the price would rise. News of a seamless implementation pushed ETH’s price above $2,100 the day following, its highest level since May 2022. ETH outperformed bitcoin (BTC) in that 24-hour period. ETH was recently trading at about $2,070, down more than 2% over the past 24 hours. Source
According to an Apr. 18 post by Fox News, Elon Musk told the media outlet’s anchor Tucker Carlson that he’s developing a ChatGPT rival in the form of “TruthGPT,” a large language model (LLM) that Musk says will be trained to explore the mysteries of the universe. “I’m going to start something which I call TruthGPT, or a maximum truth-seeking AI that tries to understand the nature of the universe,” said Musk. This truth-seeking AI, as per Musk, will also push back against what he perceives as “left wing” bias…
If you hold crypto that has appreciated in value for more than one year, you won’t need to worry about paying capital gains taxes and you’ll reap the benefits of one of the most generous deductions in the tax code, Adam Nash writes. Original Source CryptoDonateHoldingsNervousProfitableTaxes CryptoX Portal