South Korea’s Ministry of Economy and Finance (MOEF) is preparing to test blockchain-based payments for certain government expenses under a regulatory sandbox exploring distributed ledger technology (DLT)-based financial infrastructure. The ministry said on Thursday that it selected a pilot project that will use tokenized deposits to execute government operational spending, with a full rollout targeting …
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The US-based crypto exchange Coinbase has added two little-known crypto assets to its listing roadmap. The exchange says it’s considering adding Diem (DIEM) and Opengradient (OPG) to its platform for spot trading. “The launch of trading for these assets is contingent on market-making support, and sufficient technical infrastructure. We will announce the launch of trading …
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Cato Institute, a US-based think tank, has argued the government should remove capital gains taxes on Bitcoin and other cryptocurrencies to open the door for more currency competition. Capital gains tax (CGT) is discouraging the use of alternative currencies like Bitcoin (BTC) as it incentivizes long-term holding and adds extra burdens to reporting requirements, Nicholas …
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The Trump family’s crypto platform, World Liberty Financial, is facing backlash over a new proposal to lock up tokens purchased by early investors for up to four years, or in some cases, indefinitely. World Liberty posted the proposal to its governance forum on Wednesday, which outlined that early investors would have their World Liberty Financial …
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Morgan Stanley’s new spot Bitcoin exchange-traded fund has just surpassed the WisdomTree Bitcoin Fund (WBTC) in total net inflows, despite launching just over a week ago. The Morgan Stanley Bitcoin Trust (MSBT) added $19.3 million of investor inflows on Wednesday, bringing its total net inflow to $103 million. The figure has now passed WisdomTree Bitcoin Fund’s …
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Nvidia CEO Jensen Huang has warned that China already has the computing power and data center capacity necessary to train an AI model at the same level as Anthropic’s AI model Claude Mythos, which could threaten global cybersecurity. Huang was asked in an interview on the Dwarkesh Patel podcast on Wednesday whether the Chinese government’s …
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US equities and tech stocks gained on Wednesday as investors looked optimistically to a de-escalation of the US-Iran war, while the price of Bitcoin tapped $75,000 amid broader positive momentum across the crypto market. According to data from Yahoo Finance, the tech-heavy Nasdaq Composite hit a new all-time high of 24,016.02 on Wednesday, closing the …
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The US Commodity Futures Trading Commission is reportedly investigating suspicious oil trades that were placed ahead of certain announcements made by the Trump administration relating to the Iran war. According to a Bloomberg report on Wednesday, the CFTC’s probe focuses on trading activity on CME Group’s NYMEX and the Intercontinental Exchange’s futures platforms. The regulator …
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BitMEX Research has proposed an alternative to freezing quantum-vulnerable dormant Bitcoins, advocating a wait-and-see approach and a “canary fund” with a quantum bounty instead. BitMEX Research proposed a soft fork on Thursday that would only activate a full freeze of vulnerable coins if it is “proven that a quantum computer capable of stealing Bitcoins actually …
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Bitcoin deposits to crypto exchanges surged on Tuesday as it rallied above $76,000, suggesting it is hitting “near-term selling pressure” as investors move their coins into a position for sale, according to CryptoQuant. In a report on Wednesday, CryptoQuant said the size and rate of Bitcoin (BTC) inflows to exchanges have increased since the rally, …
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Blockstream CEO Adam Back, an early pioneer of the crypto movement, said Bitcoiners should be looking at building quantum-resistant solutions now, even if the threat is still decades away. “Quantum computing still has a lot to prove. Current systems are essentially lab experiments. I’ve followed the field for over 25 years, and progress has been …
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Dogecoin’s price action has a habit of doing the unthinkable just when the crowd has stopped paying attention. The leading meme coin is presently grinding between $0.09 and $0.10, stuck in a tight range that makes it easy to dismiss any bullish outlook. However, one analyst believes the meme coin is still on track to …
Bitcoin may be approaching another pivotal point in its long-term market cycle, according to a recent analysis shared by crypto analyst @CryptoTice on X. The analyst argues that a time-based signal that historically appeared at major market bottoms has triggered again, a development he suggests has previously preceded large upward expansions in price. A 14-Month …
My name is Godspower Owie, and I was born and brought up in Edo State, Nigeria. I grew up with my three siblings who have always been my idols and mentors, helping me to grow and understand the way of life. My parents are literally the backbone of my story. They’ve always supported me in …
Continue reading “Bitcoin’s Hidden Backdoor? The Mystery of Satoshi’s “Override” Key”
Crypto market analyst Marmot has sounded the alarm on the latest Bitcoin price surge, warning that the cryptocurrency’s rally above $70,000 is a “very, very bad” signal. He argues that Bitcoin has not flipped into bullish territory, urging investors and traders not to mistake the recent rebound as a sign of sustained recovery. Based on …
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