Cryptocurrencies | ForkLog

ForkLog 8 18.06.2024

Investor Interest Shifts from Cryptocurrency to AI

The redirection of speculative investors’ “hot” money into stocks related to artificial intelligence is harming the cryptocurrency market, according to BIT Mining’s Chief Economist Youwei Yang in a conversation with The Block. In his view, the stock market now perceives every piece of AI news as bullish, and thus “in light of the emerging FOMO, […]

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ForkLog 28 12.06.2024

Vitalik Buterin Explores Everyday Applications for Cryptocurrencies

Discussing the potential of digital assets in daily life, Ethereum co-founder Vitalik Buterin suggested the use of zero-knowledge proofs (ZKP) and other blockchain technologies. * zk reputation/identity/credentials* p2p cross-border payments (much lower fees and quickly improving UX this cycle)* decentralized social* prediction markets (actually usable this cycle)* privacy* enterprise apps via zk validiums* zk + […]

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ForkLog 20 15.04.2024

IRS Anticipates Surge in Crypto-Related Crimes

The United States Internal Revenue Service (IRS) is bracing for a significant increase in cryptocurrency tax crimes. This was stated by the head of the agency’s criminal investigation department, Guy Ficco, in an interview with CNBC. The statements were made ahead of the April 15 deadline for U.S. citizens to file their tax returns. According […]

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ForkLog 7 11.04.2024

Cryptocurrencies Surpass Stocks in Popularity Among Gen Z, Study Finds

Approximately 18% of Generation Z (Zoomers) in the United States own stocks, while 20% hold cryptocurrencies. These findings were reported by researchers at Policygenius, according to The Block. Analysts attributed these results to a different approach to financial planning compared to older generations. For instance, among baby boomers, one in three owns stocks, while only […]

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ForkLog 8 10.04.2024

Deutsche Bank Survey: 52% of Americans View Cryptocurrencies as a Key Asset Class

A survey conducted by Deutsche Bank among 3,600 US consumers revealed growing optimism about cryptocurrency and its future adoption, as reported by Reuters. According to the study, 52% of respondents stated that digital assets will become an “important class and method of money transfers” in the future. Previously, only 40% of those surveyed held this […]

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ForkLog 14 26.03.2024

Surge in Cryptocurrency-Related Court Cases in Russia

In 2023, Russian courts examined 2,653 cases related to cryptocurrencies, a fivefold increase from the 510 cases in 2021. This information comes from a study by the educational platform Moscow Digital School and the law firm EBR, available to ForkLog. 62% of last year’s proceedings were related to bankruptcy disputes, marking a 91% rise from […]

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ForkLog 18 26.03.2024

Elizabeth Warren Labels Cryptocurrency a Tool for Fraudsters

Cryptocurrency aids rogue states, terrorists, and criminal organizations on an unprecedented scale, according to Senator Elizabeth Warren during a hearing in the Senate Armed Services Committee. She stated this in her remarks. “Cryptocurrency is a way to fund these things. It helps rogue states, terrorists, and criminal organizations sustain their operations,” she declared. Warren was […]

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ForkLog 32 21.03.2024

Bitcoin Market Regulation in Ukraine Included in €50 Billion Reform Plan

The Ukrainian government approved a reform plan under the Ukraine Facility program, which aims to secure €50 billion from the EU between 2024 and 2027. The document includes provisions concerning the cryptocurrency market. In the context of combating corruption and money laundering, Ukraine commits to aligning its local legislation with European standards and FATF norms […]

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ForkLog 6 21.03.2024

Kyiv Council Members Identified as Cryptocurrency Holders

The Ukrainian civic movement “Chesno” has scrutinized the declarations of Kyiv city council members to identify cryptocurrency holders. ? To track the assets Kyiv City Council members will declare in 2023, the Chesno Movement analyzed declarations from the start of their term and the first year of the full-scale invasion. More details in the new […]

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ForkLog 7 20.03.2024

Coinbase CEO Highlights Digital Asset Applications

Bitcoin serves as a reliable hedge against inflation and governmental manipulation, yet it has other applications as well. This was stated by Coinbase CEO Brian Armstrong in the company’s blog. “Experts often claim that cryptocurrency has no real utility beyond speculation and illegal activities. However, more than 50 million Americans and 400 million people worldwide […]

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ForkLog 5 11.03.2024

Expert Warns Against Overvalued Cryptocurrencies

Investors should approach highly valued crypto projects with skepticism due to a “wealth effect” in the market, cautioned CIO of Bitwise, Matt Hougan. 1/ Lots of discussion out there about the early start of alts season, and some surprise that it’s happening given bitcoin is “only” up a few hundred percent from the lows. Some […]

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ForkLog 9 08.03.2024

CoinGecko Analyzes Six-Year Evolution of Crypto Market Sentiment

From 2018 to 2024, market participants in digital assets were dominated by fear 54.7% of the time, greed 32%, and a balance between extremes was observed 13.3% of the time, according to calculations by CoinGecko. How has the crypto market sentiment evolved in the past 6 years? Our study shows that the sentiment has been: […]

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