Blackdot recently unveiled a groundbreaking device capable of etching tattoos onto the blockchain as non-fungible tokens (NFTs). This innovation allows artists to earn royalties whenever their designs are utilized. The process marks a significant advancement beyond the existing tattoo robots, which can only produce computer-generated designs. The allure of tattoo NFTs lies in the opportunity […]
The United States Space Force has reportedly halted the use of internet-based generative AI tools among its staff, citing concerns about safeguarding sensitive government data. In an internal memorandum dated September 29, Space Force members were instructed that the use of such tools, including those for creating text and media, would require specific authorization. The […]
Following the Federal Open Market Committee’s (FOMC) recent assertive comments, the price of Bitcoin experienced a nearly 3% dip. The central narrative revolved around the minutes from the Federal Reserve, in which policymakers emphasized the need for restrictive policy measures to persist for an extended period. Their consensus was based on the importance of treading […]
Japanese companies are joining forces to introduce a digital currency called DCJPY, set to launch by July 2024. This digital currency is specifically designed for clean energy certificate transactions and will operate on DeCurret’s blockchain-based network. In this initiative, GMO Aozora Net Bank will be responsible for issuing DCJPY, with Internet Initiative Japan (IIJ) using […]
“We estimate as much as 80 EH/s (or 20% of the network hashrate) could be removed at the next halving (April ’24) as less-efficient hardware is decommissioned,” the report said. The Bitcoin halving occurs every four years and involves a halving of rewards for Bitcoin miners. The report also mentioned that the four-year block reward […]
Decentralized finance (DeFi) has not yet posed a significant risk to the overall financial stability, as stated by the European Union’s financial markets and securities regulator. On October 11, the European Securities and Markets Authority (ESMA) released a report titled “Decentralized Finance in the EU: Developments and Risks.” The regulator discussed the pros and cons […]
The North American Securities Administrators Association (NASAA) has expressed its support for the United States Securities and Exchange Commission (SEC) in its legal dispute with Coinbase. This statement has been filed with the United States District Court for the Southern District of New York. NASAA contends that digital assets should not be treated as unique […]
India’s Central Board of Direct Taxes (CBDT) has amassed more than 100 crore INR (equivalent to $12 million) through a one percent TDS (Tax Deducted at Source) on cryptocurrency transactions during this fiscal year. The Indian government introduced a one percent direct tax on all cryptocurrency transactions starting from July 1, 2022. In an interview […]
In a recent video, crypto analyst Benjamin Cowen expressed a bearish outlook on Ethereum (ETH), the leading smart contract platform by market capitalization. Cowen predicts a significant decline in Ethereum’s price by the end of the year. Cowen believes that for Ethereum to establish a sustainable upward trend, it must first return to a lower […]
One of the customers of the FTX crypto exchange, Lee Rees, revealed that he was still affected by the bankruptcy of FTX. When FTX collapsed last year, Rees lost USD 100,000 or the equivalent of IDR 1.5 billion (assuming an exchange rate of IDR 15,661 per US dollar), this is half his annual income. Prosecutors […]