3 reasons why Gitcoin (GTC) price has rallied 100% in a month

As the blockchain industry expands and becomes more of a fixture in everyday life, the idea of ‘one chain to rule them all’ and the general ideology of blockchain maximalism is beginning to fall to the wayside and the focus on interoperability and cross-chain collaboration is coming to the forefront. One project that is specifically designed to help advance the ecosystem as a whole and develop the future of the open internet is Gitcoin (GTC), a community of builders, creators and protocols. Data from Cointelegraph Markets Pro and TradingView shows…

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Treasury to the rescue? Officials to clarify crypto tax reporting rules in infrastructure bill: report

The United States Treasury Department is reportedly seeking to clarify the definition of brokers in the bipartisan infrastructure bill passed by the Senate last week, offering cautious reassurance that the new legislation won’t impact innovation and growth in the blockchain industry.  As reported by Bloomberg, the Treasury Department is preparing guidance on what types of crypto companies will be required to comply with new IRS reporting requirements. The report indicated that the definition of “broker” could be narrowed from what many fear would include protocol developers and wallet providers that…

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GoSats launches Bitcoin cashback rewards card in India

Bitcoin (BTC) rewards company GoSats has launched a new cashback rewards card for customers in India, potentially setting the stage for wider mainstream adoption of digital assets in the world’s second-most populous country.  The new product is being introduced in partnership with the National Payments Corporation of India, also known as NPCI, which is a not-for-profit organisation dedicated to promoting digital payments and settlement systems across the country. The organization was founded in December 2008 and is under the direct ownership of the Reserve Bank of India. The GoSats rewards…

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Why exchanges have to go the extra mile

Crypto criminals are getting more adaptive and smarter than ever before. But how can industry service providers keep up with them? If I say that the crypto industry is highly targeted by cybercriminals and, in particular, organized criminals, I’m sure that no one who has spent a few months within the space would be surprised. And for a valid reason. Due to the new technology and the nascent nature of the sector, criminals and fraudsters have long identified the excellent opportunity that crypto offers to profit via illicit methods. Indeed,…

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How blockchain could have saved the Library of Alexandria

The study of history and ancient people is immensely important to preserving the knowledge passed down through the generations.  Unfortunately, the significance of the knowledge is particularly acute when it is lost. With tragedies such as the fire of the Library of Alexandria, or the pillaging of the House of Wisdom in ancient Baghdad, or the more recent losses of artifacts at the Iraq Museum, perspectives were lost, advancements in philosophy and literature were forgotten, and languages and translations vanished from the earth.  As we look to preserve our history,…

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BTC price slips under $46K but analysts are betting on new Bitcoin all-time highs

Bitcoin (BTC) saw lows of under $45,600 on Aug. 15 as a second instalment of its resistance rejection played out.  BTC/USD 1-hour price chart (Bitstamp). Source: TradingView Analysts eye BTC attack on all-time highs Data from Cointelegraph Markets Pro and TradingView showed BTC/USD giving up $46,000 overnight on Saturday after an earlier failed breakout.  As Cointelegraph reported, bulls had run out of steam during an attack on a major sell wall holding Bitcoin back from $50,000. The U-turn sparked a more fragile mood for Sunday, with daily losses sitting at…

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A multichain approach is the future of the blockchain industry

The blockchain industry market size was estimated by some to reach more than $21 billion by 2025. The market capitalization of the cryptocurrency market as a whole already reaches over $1.9 trillion. An ecosystem that was once defined by its tight-knit community and exclusivity now reaches governments, businesses, institutional investors and individuals who are all becoming more positive about the evolving space. With this new popularity, a crossroads has emerged. We have reached the stage of adoption where the amount of users utilizing decentralized technology has exceeded the functionality of…

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