The Justice Department is claiming that it’s “critical” for it to have the power to seize cryptocurrency from Americans — even if a judge never signs off. As the Internal Revenue Service (IRS) pushes forward with its proposal to increase cryptocurrency surveillance, a past report might offer a clue for how this information may be...Continue Reading

Robust BTC derivatives data indicates strong demand for leverage longs. Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark.  Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving...Continue Reading

Bitcoin’s recent rally to a 2023 high is backed by on-chain and sentiment data. Data from Glassnode suggests that Bitcoin (BTC) is in an accumulation pattern with its available supply reaching a new historical low. According to the report, Bitcoin’s illiquid supply and long-term holders cohort rise. As Bitcoin’s supply tightens, available BTC is being...Continue Reading

The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading. The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the agency that has seen it extend...Continue Reading

Google’s also testing a tool that will help creators manage their comment sections. Google’s testing a pair of experimental artificial intelligence (AI) systems for creators and viewers on its YouTube video sharing platform.  The first experiment, according to a post on YouTube Help, involves an “AI that organizes large comment sections of long-form videos into...Continue Reading

The new fund follows IBM’s participation in a $235M series D funding rounding in August for generative AI firm Hugging Face. IBM announced the launch of a $500 million Enterprise AI Venture Fund on Nov. 7 that, according to the company, will be focused on “accelerating generative AI technology and research for the enterprise.” Focused...Continue Reading

The capital will be dedicated to supporting Web3 startups in Asia. Vietnamese Web3 coalition Ninety Eight, creator of the Coin98 decentralized finance (DeFi) ecosystem, has launched a $25 million ecosystem fund dedicated to accelerating Web3 startups in Asia. According to the Nov. 7 announcement, the fund will provide financial and strategic support for selected startups....Continue Reading

The November 2022 Alameda gap exposed vulnerabilities in the crypto market, shedding light on FTX and Alameda Research’s fraud. FTX collapse: Unraveling the cryptocurrency crisis of November 2022 In November 2022, the cryptocurrency world was rocked by the collapse of FTX, one of the largest cryptocurrency exchanges. The collapse was triggered by a liquidity crisis...Continue Reading

Coinbase is getting wonky with prominent names in national security from both sides of the U.S. political divide. They will join former lawmakers and other strategists. Coinbase has expanded its Global Advisory Council with four national security experts, it announced on Nov. 7. The new members will help the cryptocurrency exchange assess the impact of...Continue Reading

With the right focus and plan, blockchain can add real value to the food and agricultural industry’s supply chain. Supply chain management has become a complicated issue for many industries in recent years — none more so than food and agriculture. When you’re in the business of ensuring essential, but perishable, goods get to where...Continue Reading