On this week’s episode of The Market Report, Cointelegraph’s resident expert explains why Bitcoin is rising and why banks are collapsing. This week on The Market Report, our beloved host, Joe Hall, and insightful expert, Sam Bourgi, unfortunately, could not make it, but don’t worry because Marcel Pechman is here to discuss why he thinks...Continue Reading

The Swedish fund was the bank’s fifth largest shareholder; the fund’s CEO said the uncertainty surrounding First Republic was too great. Private Swedish pension fund Alecta has sold its shares in First Republic Bank, the American bank struggling to stay afloat after a serious drop in share value, a bank spokesperson announced March 21. Alecta...Continue Reading

Those wishing to offer feedback to the IRS on having NFTs treated as collectibles such as coins or works of art have until June 19 to submit comments. The Internal Revenue Service said they plan to release guidance on having nonfungible tokens, or NFTs, treated as collectibles under the United States tax code. In a...Continue Reading

Lawmakers may be on the brink of scaring blockchain projects into moving offshore or causing them to shut down altogether. With public trust in large tech companies at an all-time low, Congress is once again considering comprehensive data privacy legislation. But the rise of blockchain technologies and the nascent decentralized web mean that these comprehensive...Continue Reading

The anonymous group of crypto developers is promoting the use of a decentralized autonomous organization to govern an alternative version of the internet. Alternative internet developer tomi has raised $40 million from venture capital firms as part of a broader effort to lure content creators to its decentralized World Wide Web alternative.  The funding round...Continue Reading

From streaming videos to cloud storage solutions, cloud computing has become an integral part of our everyday lives. Cloud computing has become an important part of our lives, whether we realize it or not. Many of the services and applications we use on a daily basis, such as messaging and streaming music and video, are powered...Continue Reading

Newsquakes™, Twitter Volume and Most Active On-Chain alerts helped Cointelegraph Markets Pro users find three assets that had big moves. Last week, Cointelegraph Markets Pro, an institutional-grade crypto intelligence and alerts platform, provided subscribers the opportunity to trade three coins that embarked on momentum-fueled price moves.  The advanced data analysis tools at Cointelegraph Markets Pro...Continue Reading

Ninety percent of all DeFi insurance claims paid out since inception were distributed in 2022, according to OpenCover. According to a Mar. 21 report published by decentralized finance analytics firm OpenCover, DeFi insurance companies paid out $34.4 million in claims in 2022. In context, only $36.9 million of such claims have been paid out since...Continue Reading

The Treasury Secretary of the U.S. Janet Yellen said the federal government will intervene if it is necessary to protect other small lenders. Nearly two weeks after the collapse of three United States banks – Silicon Valley Bank (SVB), Silvergate and Signature- Treasury Secretary Janet Yellen said the federal government is ready to take action...Continue Reading

So you’ve struck it rich in crypto? You’ll want to head to one of these countries to keep your newfound wealth. Tax is a nightmare for compliance. And crypto taxes which include a variety of innovative mechanisms and products that have no analog in traditional finance are 10 times worse. Complicating matters even further, the...Continue Reading