News

If approved, this third version of the plan will go into effect on Jan. 5, 2024, and see the company add 372 MW in capacity by 2027. Bitcoin (BTC) miner Core Scientific has released a presentation outlining its plans to emerge from bankruptcy in early January 2024. The presentation is based on the third amended…Read More

According to the fiscal year 2023 report, the IRS unit investigated failures to disclose crypto holdings and report on capital gains for transactions. The Criminal Investigation (CI) Unit of the United Internal Revenue Service (IRS) reported an increase in the number of investigations around digital asset reporting.In its annual report released on Dec. 4, the…Read More

The crypto market is up today as Bitcoin’s rally to a new 2023 high triggers a breakout in altcoins and DeFi tokens. The crypto market is up today as Bitcoin (BTC) and Ether (ETH) rallied to new 2023 highs and Cardano (ADA) and numerous altcoins tacked on notable gains. The positive growth was led by…Read More

The man who introduced the Winklevoss twins to crypto ended up in prison. He expressed no regrets to Cointelegraph. Charlie Shrem paid a steep price for his place in crypto history. Major figures in the crypto world were part of his story, and his personal life was transformed as he went from online retailer to…Read More

Spain and Brazil are chasing cryptocurrency stored abroad, while the U.K. wants taxes paid for crypto assets that weren’t previously declared. Last week, His Majesty’s Revenue and Customs (HMRC) presented an unpleasant Christmas surprise to hodlers in the United Kingdom, demanding they declare any crypto holdings they failed to report in the last four, six…Read More

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation. Cosmos-based networks Umee and Osmosis have announced plans to merge and create a so-called “DeFi Hub.” Meanwhile, Brazilian bank Itau Unibanco has reportedly launched a cryptocurrency trading…Read More

Big Blue’s roadmap says it’s on pace to execute 100 million gates over 200 qubits in 2029 before a 10x improvement by 2033. IBM announced the unveiling of its 1,121-qubit “Condor” quantum computing processor on Dec. Alongside the new chip, IBM delivered an updated roadmap and a trove of information on the company’s planned endeavors…Read More

Presidential candidates Asa Hutchinson, Vivek Ramaswamy and Dean Phillips will discuss blockchain and crypto ahead of the New Hampshire Primary. The “Stand With Crypto” campaign launched by cryptocurrency exchange Coinbase plans to bring candidates for the 2024 United States presidential election together to discuss blockchain technology and digital assets.According to its website as of Dec.…Read More

Altcoins show compelling technical setups after Bitcoin price blew past $42,000 on December 4. Bitcoin (BTC) and Ether (ETH) surged above their respective overhead resistance levels on Dec. Cryptocurrency exchange Bybit said in its 4th quarter report that institutional traders held 35% of their assets in Bitcoin, 15% in Ether and a large portion kept 45%…Read More

The outspoken executive also said that Meta isn’t pursuing quantum computing because it isn’t currently useful. Meta AI boss Yann LeCun sounded off on the industry-wide state of artificial intelligence (AI) and quantum computing during a recent event to celebrate the 10-year anniversary of the founding of Meta’s Fundamental Artificial Intelligence Research (FAIR) team.During LeCun’s…Read More

Bitcoin futures data counters the assumption that BTC’s rally to $42,000 was primarily propelled by shorts liquidations. What is next for BTC? In the past seven days, Bitcoin (BTC) experienced a whopping 14.5% surge, hitting a 20-month high at $41,130 by Dec. BTC liquidation mapEnough shorts to run it up all the way to $45-46k…Read More

The protocol will expand to liquid staking and layer-2 solutions while retaining its NFT lending services. Despite rebranding to Parallel Finance for a greater focus on the decentralized finance (DeFi) ecosystem, the nonfungible token (NFT) lending protocol ParaSpace will continue to focus on its core product amid sector woes.In a conversation with Cointelegraph, Yubo Ruan,…Read More

The latest Cointelegraph Report explains how to prepare for the next crypto bull run in five simple steps. The next bull market could kick off as soon as next year, propelled by catalysts such as the upcoming Bitcoin (BTC) halving and the potential approval of a spot Bitcoin exchange-traded fund in the United States.In our…Read More

Through a software upgrade, Umee UX Chain code will be implemented on Osmosis, combining the two networks. Cosmos-based networks Umee and Osmosis will merge via a software upgrade, according to a Dec. Umee user interface. Source: UmeeUmee is a decentralized lending protocol that runs on its own dedicated Cosmos chain called “UX Chain.” Osmosis, on…Read More

The country’s Bitcoin investment has returned to profit after a devastating crypto winter. According to a Dec. 4 post by Salvadoran President Nayib Bukele, the country’s cumulative Bitcoin (BTC) investments currently amount to $131 million with a net profit of $3.6 million, for a total gain of 2.84%.“Of course, we have no intention of selling;…Read More