From 2020 to 2022, searches for “AI jobs” and “crypto jobs” remained fairly close, with AI taking the crown most days and crypto pulling into the lead upon Bitcoin (BTC) reaching an all-time high of $69,000 in November 2021. Continue Reading on Coin Telegraph More
Thats the official line from Valve, the creators of game publishing platform Steam, which it made in response to a June Reddit post thats been making the rounds about a developer who had his game rejected by Steam for using AI.Continue Reading on Coin Telegraph More
Crypto’s “semi-anonymity,” its dual nature as an investment vehicle and a means of payment, and its high volatility complicate the tax collectors’ task beyond their current abilities, a new IMF working paper said. There is no consensus yet even on how to tax cryptocurrency — as income, capital gains (which is most common) or gambling — and it doesn’t help that tax systems were designed before the emergence of blockchain technology, which has spun out a range of assets that needs separate treatment. Continue Reading on Coin Telegraph More
As per the report, the first rise in trading volume in three months was backed by BlackRock (NYSE:BLK)’s exchange-traded fund (ETF) filing and regulators’ complaints against crypto exchanges Binance and Coinbase in the United States. Continue Reading on Coin Telegraph More
Ardoino delved into this hypothetical reality in conversation with Cointelegraph journalist Joseph Hall in an interview during the Plan B Summer School in Lugano, Switzerland.Continue Reading on Coin Telegraph More
Ethereum recently made a resurgence, breaching the $1,900 mark and surging to nearly $1,950. This rebound was met with enthusiasm from investors, as it signifies the potential for future gains. The Relative Strength Index (RSI), a key indicator of price momentum, is also trending upward, which further supports the bullish prognosis.The key to Ethereum’s bullish trajectory is the ascending trendline that is currently being formed. This trendline typically acts as a bullish signal, indicating that the price of an asset is likely to continue to rise in the future. That said, potential investors should be aware that there could be retracements along the way.In the event of such retracements, price finds stronger support at $1,800 and $1,650. These levels act as a safety net, providing a platform for the price to bounce back up if market sentiment temporarily turns bearish.Ethereum’s upcoming resistance is a significant psychological threshold at $2,000. If this level is successfully breached, it could pave the way for further bullish momentum. However, market participants should stay alert, as reaching this critical level might provoke a correction.Despite the potential for short-term volatility, the outlook for Ethereum remains optimistic. The analyst from Glassnode, which is known for a generally bullish stance, is also foreseeing a bright future for the asset. As Ethereum continues to innovate and expand its ecosystem, particularly with the upcoming Ethereum 2.0 upgrade, investors can expect to see exciting times ahead.This article was originally published on U.Today More
Until now, Ordinals had a 4-megabyte limit on what could be inscribed on bitcoin. However, the introduction of BRC-69 aims to overcome this limitation through a mechanism called “recursive inscriptions.” This mechanism empowers users to extract data from existing inscriptions and utilize it to create new ones, bypassing the size restriction.The BRC-69 token standard, as described on the protocol’s GitHub page, enables the recycling of already inscribed data and reduces costs by more than 90%.The simplicity of BRC-69 has been acknowledged by the team at Luminex (NASDAQ:LMNX), the launchpad that announced the new standard. They explained that minters only need to inscribe a single line of text instead of a full image. This text allows the final image to be automatically rendered on all ordinal frontends using on-chain resources, thanks to recursive inscriptions.The limited block space of Bitcoin has been a topic of debate since the launch of Ordinals. High transaction fees and a bloated blockchain have raised concerns among the community. However, recursive inscriptions offer a way to address these challenges. According to Leonidas, a self-proclaimed NFT historian and Ordinals collector, recursive inscriptions have massive implications. Users can explore new possibilities by evading the 4-megabyte limit, as “the sky is the limit,” he tweeted.Leonidas further highlighted that bitcoin is effectively gaining an internal internet, where files can request data from one another. The precise applications of this advancement are yet to be fully realized, but it undoubtedly marks a critical moment in the history of bitcoin.This latest development adds to the growing excitement in the Ordinals space. Recently, Bitmaps has emerged as a leader in daily bitcoin inscriptions by introducing a protocol that enables users to claim ownership of bitcoin blocks, securing the top position in the process.This article was originally published on Crypto.news More
DBS Bank China officially announced on July 5 the launch of the e-CNY merchant solution, allowing mainland businesses to receive payments in the central bank digital currency (CBDC).Continue Reading on Coin Telegraph More
