Author: CryptoExpert
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DeFi Stays Outside Rules as Regulators Tighten Elsewhere
[ad_1] The European Union’s new crypto tax reporting regime under DAC8 is intentionally focused on enforceable targets, leaving decentralized finance (DeFi) outside its scope for now. Colby Mangels, a former adviser to the Organisation for Economic Co-operation and Development (OECD) and now Taxbit’s global head of government solutions, said the rules prioritize identifiable intermediaries such…
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$6 Billion Bitcoin Short Positions May Fuel Rally Back Above $90K
[ad_1] Bitcoin’s (BTC) price has dropped 14.5% in the past 16 days, pushing the Crypto Fear & Greed Index to 16 (Extreme Fear), which is its lowest rating year-to-date. Crypto Fear & Greed Index. Source: alternative.me While selling has dominated markets over the past two weeks, Bitcoin derivatives data suggest the current trader positioning may…
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HYPE soars 23% as commodities trading on Hyperliquid increases
[ad_1] Key takeaways HYPE is up 23% in the last 24 hours and is now trading above $27. The rally follows a surge in commodities trading amid rising interest in safe-haven assets like Gold and Silver. Commodity trading on Hyperliquid pushes HYPE above $27 HYPE, the native coin of the Hyperliquid decentralized exchange, is the…
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AI use surges at Travelers as call centre roles reduce
[ad_1] Mid-January saw insurance company, Travelers, announce a new deal that empowers 10,000 engineers and data scientists with AI assistants. However, less than two weeks on, Travelers’ leadership explained that the company’s true competitive advantage lies in expertise, not AIs alone, believing this is what will drive longer-term profit growth. According to Travelers’ chief executive…
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How Binance Will Repurpose SAFU Wallet in February
[ad_1] Binance, the world’s largest crypto exchange on trading volume metrics, announced plans to convert the entire $1 billion reserve of its Secure Asset Fund for Users (SAFU) from stablecoins into Bitcoin over the next 30 days. The move comes as markets reel from a $1.7 billion crypto liquidation wave and from up to $9…
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Crypto Billionaires Target California Wealth Tax With $40M Political Push
[ad_1] Two high-profile crypto figures are preparing to pour tens of millions of dollars into California politics, aiming to reshape the state Legislature by backing moderate, business-friendly candidates and countering the influence of labor unions. The effort, operating under the banner of Grow California, is backed by Chris Larsen, a longtime Democratic donor and co-founder…
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Active Solana Addresses Spike, More Merchants Take Bitcoin
[ad_1] Activity on major altcoin networks, namely Solana and Ethereum, saw major milestones in January. Daily active addresses on Solana consistently topped 5 million in the second half of the month. Ethereum overtook major layer 2s in December in terms of daily active addresses after major upgrades to the network. In January, the network marked…
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