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Blockchain technology is evolving at its pace. Over 6 lakh transactions taking place each day on blockchain, it is now being trusted by millions of people around the world.

Global ventures are now starting to accept payments in cryptocurrencies. Here is a quick read about the reason why?

What is it that blockchain is providing more than traditional/ centralized database systems.

#cryptocurrency #blockchaintechnology #blockchain #nft #smartcontract #web3 #decentralizedplatform #blockchaindevelopment #blockchaincommunity

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USA Senators Emphasize Need for Immediate Crypto Tax Action

On October 10, Senators including Elizabeth Warren, Bernie Sanders, and five others sent a letter to Treasury Secretary Janet Yellen and the IRS’s Daniel Werfel about cryptocurrency taxes. They kicked off the letter by addressing the new proposed tax rule for crypto brokers. They expressed their concerns about a two-year delay in putting this rule into action. This delay, they emphasized, not only goes against the bipartisan Infrastructure Investment and Jobs Act but also disadvantages honest Americans and results in a significant loss of potential tax revenue for the government. The rule in question asks brokers to give crypto users the necessary tax information via an updated 1099 form. This also allows the IRS to have a clearer picture of income from crypto transactions, making it easier to spot potential tax dodgers. The

Read more on USA Senators Emphasize Need for Immediate Crypto Tax Action

Fintech valuations are tanking

Asset manager Schroders has cut the value of its stake in financial "superapp" Revolut by 46%. What are the implications?

Some of Europe’s top fintech firms are starting to crumble as investors question their true valuation. Asset manager Schroders has cut the value of its stake in financial “superapp” Revolut by 46%, according to a filing on April 17 that threatens Revolut’s title as the UK’s most valuable fintech. The writedown suggests the London-headquartered firm is now valued at about $17.7bn (£14.2bn), which is substantially less than the $33bn it was valued at in a funding round last July. Revolut has been criticised for the late filing of accounts, EU regulatory breaches and corporate culture. It has also been waiting two years for regulators to approve its UK banking license. Schroders has also marked down its stake in Atom Bank by 31%. Meanwhile, Allianz is selling its stake in struggling fintech N26 at a heavily-reduced price, according to the Financial Times, while buy-now-pay-later firm Klarna has seen its valuation tumble from $45.6bn to $6.7bn.

https://coinmystique.com/peach-bitcoin-celebrates-one-12-months-anniversary-with-launch-of-model-0-3/?feed_id=20060&_unique_id=65767f3e3325a

Peach Bitcoin has formally launched Peach 0.3, whereas coinciding with the one yr anniversary of the corporate. This new model introduces new options, a complete pockets that seamlessly integrates with the app, enabling customers to handle their bitcoin holdings effortlessly. With this improve, customers can ship and obtain bitcoin and fund a promote supply with only a few clicks. One standout function of this pockets is its UTXO administration accessibility, making coin management simpler for everybody. It additionally integrates an tackle checker to confirm if an tackle belongs to your pockets, guaranteeing added safety. Peach emphasizes particular person sovereignty and self-custody, and customers retain full management of their personal keys with a 12 seed phrase setup.“Some people will join Peach because they align with our values,” stated Peach Bitcoin’s co-founder, Steph. “But the mass who will use Peach will do so because it’s the best product at their disposal.”In an effort in the direction of democratizing bitcoin entry, Peach can also be increasing its attain to the International South, together with Latin America and Africa. Peach’s KYC-free resolution for buying bitcoin goals to empower people in areas the place conventional monetary companies could also be restricted. The app has built-in currencies and fee strategies from international locations together with Argentina, Colombia, Costa Rica, Chile, Mexico, Peru, Venezuela in Latin America, and Congo, Côte d’Ivoire, Nigeria in Africa. Peach can also be eager to collaborate with native Bitcoin meetups and communities on the bottom, facilitating money purchases of bitcoin and sharing income from each commerce accomplished through these meetup or group teams.With Peach 0.3, the corporate can also be releasing its verifiable supply code, permitting builders and fanatics to delve into the internal workings of the app. This initiative goals to encourage innovation and collaboration inside the Peach ecosystem. Peach app adopts the MIT-CC license to make the code verifiable whereas safeguarding its mental property and totally opensourcing tech integrations like batching transactions and Nostr integration below the MIT license.Peach Bitcoin’s key options embrace the quickest peer-to-peer bitcoin buying and selling out there, averaging simply 9 minutes to finish a contract. It employs a 2 out of two multi-signature escrow between Peach and the vendor, turning into a single signature for Peach after 30 days in case of a dispute. Person knowledge is end-to-end encrypted and saved on the person’s gadget, not on the corporate’s server. The app additionally boasts an in-app chat and dispute administration system with round the clock buyer assist and excessive purchase liquidity, that includes over 600 purchase provides obtainable always.As a particular deal with for the launch of Peach 0.3, the corporate is introducing the promo code “OPENSOURCE,” which grants customers one free purchase commerce and sats again for promoting Bitcoin.Supply: https://bitcoinmagazine.com/enterprise/peach-bitcoin-celebrates-one-year-anniversary-with-launch-of-version-0-3

https://coinmystique.com/ftx-chilly-pockets-moved-nearly-10m-in-altcoins-to-ethereum-since-aug-31/?feed_id=8627&_unique_id=6522fcc091b53

A chilly pockets owned by collapsed crypto trade FTX moved nearly $10 million in altcoins from Solana to Ethereum since Aug. 31 for undisclosed causes, in keeping with on-chain information.The altcoins embody notable tokens like LINK, SUSHI, LUNA, and YFI. The transfers had been carried out by way of Wormhole Bridge.It’s unclear if the transfers are linked to the trade’s chapter proceedings or its current request to rent Galaxy Digital to promote its crypto holdings for fiat.FTX didn’t reply to a request for remark as of press time.FTX seeking to promote propertyFTX just lately filed a request with the chapter courtroom searching for permission to have interaction Galaxy Digital Capital Administration as its funding supervisor for sure digital property. The trade additionally requested permission to stake some idle crypto property to generate passive yield.Below the proposed settlement, Galaxy would handle, commerce, and convert FTX’s property into fiat forex or stablecoins, and hedge the collapsed trade’s publicity to unstable cryptocurrencies in return for a month-to-month fiduciary payment.FTX argued that Galaxy’s experience in promoting giant cryptocurrency positions with out affecting the market made it an appropriate alternative. The engagement aimed to assist FTX’s restructuring efforts by monetizing its cryptocurrency holdings.Moreover, the trade has filed a separate movement to ascertain tips for managing and promoting its digital property and to enter into hedging preparations on eligible cryptocurrencies — primarily Bitcoin and Ethereum.Collectors criticize tempoFTX is going through criticism from collectors over the sluggish tempo of its chapter plan negotiations.The trade’s legal professional, Brian Glueckstein, resisted requires expedited mediation on the newest chapter listening to on Aug. 23, saying the method is on observe for conclusion within the second quarter of 2024.A draft plan proposed by FTX on July 31 outlined the intent to repay clients by way of asset liquidation and litigation towards insiders. Nevertheless, tensions have risen over FTX’s efforts to discover a purchaser for its worldwide trade, FTX.com, and the lack of awareness shared about incoming bids.Collectors’ committee legal professional, Kris Hansen, additionally highlighted the $50 million month-to-month spent on attorneys’ charges and different prices because of FTX’s delay in resolving creditor considerations. FTX seeks to extend collectors’ restoration by way of lawsuits towards its founder, Sam Bankman-Fried, funding agency K5, and the founders of FTX acquisition targets.The chapter case was filed in November 2022 after allegations that FTX misused and misplaced billions of dollars of shoppers’ crypto deposits.Posted In: Chapter, ExchangesSupply: https://cryptoslate.com/ftx-cold-wallet-moved-almost-10m-in-altcoins-to-ethereum-since-aug-31/

Twitter84

I usually make art many months ahead of time, this one I made late in 2022. This is why I avoid art that comments on recent events since it ages it too fast. I almost just didn't post this one at all but instead I'm posting it since it feels absurd how at this point I'd probably prefer Twitter84 to the real one.

5 Reasons Why Your UK Business Should Consider Accepting Cryptocurrency

One way to use cryptocurrency for your business is to simply accept it as a form of payment. Know the rest of the reasons why you need to consider crypto in businesses.

Cryptocurrency is a digital asset that utilizes cryptography for secure financial transactions and to verify the transfer of assets. In recent years, it has gained popularity as a means of exchange and has even been adopted by some businesses as a form of payment. If you’re a UK business owner, you may be wondering if accepting cryptocurrency is a viable option for your company.

In this blog post, we’ll go over 5 reasons why your UK business should consider accepting cryptocurrency. By the end, you’ll have a better understanding of the potential benefits and drawbacks of adding this innovative payment method to your business. Whether you’re a small start-up or a large corporation, you’ll want to consider the following points as you decide whether or not to embrace the world of cryptocurrency.

Cryptocurrency has come a long way since it was first introduced in 2009 with the launch of Bitcoin. What was once considered a fringe investment has now become a legitimate payment option for businesses around the world. In fact, many UK businesses are already accepting cryptocurrency as a form of payment, and for good reason. Here are 5 reasons why your UK business should consider adding cryptocurrency to your payment options: (read more)…

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O Bitcoin abriu a semana em torno de US$ 28.000 antes de saltar para um novo recorde de dificuldade de mineração BTC em meio às preocupações do investidor bilionário Ray Dalio de que a “Terceira Guerra Mundial” é iminente. Bitcoin (BTC) 143.006 reais começou a nova semana firmemente no espírito do “Uptober”, já que o fechamento semanal foi seguido por um clássico short squeeze.

Os preços do Bitcoin estão mais uma vez experimentando o tipo de oscilações clássicas vistas no início deste mês, com a maior criptomoeda do mercado se aproximando de US$ 28.000 antes da abertura semanal de Wall Street.

Embora ainda dentro de uma faixa de negociação predefinida, o Bitcoin está mantendo os traders atentos, com posições longas e curtas sujeitas a oscilações de preços à vista de curto prazo e a liquidações em mercados de derivativos aumentando.

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