Cryptocurrencies | ForkLog

ForkLog 12 06.09.2024

Cryptocurrency Payments: A Boon for AI Agents, Says Expert

Artificial intelligence will require cryptocurrency micropayments to circumvent financial constraints, according to Bernstein analyst Gautam Chhugani, as reported by The Block. The current global financial system is built around SWIFT, Mastercard, and Visa, which require individuals and entities to verify their identities. This poses a problem for automated AI, which lacks documentation. Neural networks can […]

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ForkLog 73 26.08.2024

Study Reveals Women View Cryptocurrency as an Unattractive Male Hobby

Interest in cryptocurrencies ranked ninth in the list of “attractive” male hobbies from the perspective of women, according to a study by Date Psychology, as reported by Cointelegraph. The survey found that women are more favorable towards partners watching anime, engaging in cosplay, or reading comics. Nearly a third of respondents found these activities interesting, […]

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ForkLog 6 15.08.2024

Speculation Arises Over The Trump Organization’s Potential Shift to Cryptocurrency

Eric Trump, President of The Trump Organization, has described cryptocurrency and decentralized finance as “digital real estate” and potentially powerful accelerators for the US economy, according to The Post. Trump Jr. noted that more than half of the country’s residents are unbanked and face credit denial. Cryptocurrencies, in this sense, provide accessible collateral with instant […]

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ForkLog 15 08.08.2024

Robinhood’s Cryptocurrency Trading Revenue Soars 161% in Q2

The online broker Robinhood reported $81 million in revenue from cryptocurrency trading for the April-June period. This figure marks a 161% increase compared to the second quarter of the previous year and is double the revenue generated from stock-related metrics ($40 million). The largest source of revenue for the company remained options trading, which brought […]

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ForkLog 20 12.07.2024

US Congress Fails to Override Biden’s Veto on SAB 121 Repeal

On July 11, the US House of Representatives fell short of the two-thirds majority needed to override President Biden’s veto on legislation to repeal SAB 121. The document effectively prohibited banks from holding digital assets on their balance sheets, reports The Block. The bulletin remains in effect. A total of 228 congressmen voted for its […]

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ForkLog 15 11.07.2024

Russia Considers Cryptocurrency Trading for Qualified Investors

Organizations listed in the register of exchanges and trading systems may be granted the right to conduct digital currency trading for “particularly qualified” investors, according to a source in the Ministry of Finance, as reported by Interfax. The agency’s source indicated that the proposal is included in a draft review prepared by the ministry on […]

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ForkLog 9 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 8 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 10 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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