Page 425«..1020..424425426427..430440..»

Google’s Thomas Kurian: ‘We’re The Most Open Cloud’ For AI – CRN

As Google battles AWS and Microsoft in the AI arms race, Google Cloud CEO Thomas Kurian says his company offers the most open cloud when it comes to AI.

Google Cloud is the most open cloud platform for businesses seeking to implement and leverage AI and generative AI, said CEO Thomas Kurian.

Importantly, were the most open cloud when it comes to AI, said Kurian as part of CRNs 2024 CEO Outlook project. Google Cloud is the only major cloud provider offering both first-party AI models and third-party AI models on equal footing, which is an incredible differentiator when our partners speak with customers.

Kurian said Google Cloud is not all in or dependent on any particular model but committed to offering a broad choice.

For instance, our Model Garden on Vertex AI offers 130-plus foundation models today, said Google Clouds CEO. The choice of models and depth of capabilities on Google Cloud will continue to grow.

[Related: AWS Vs. Microsoft Vs. Google Cloud Earnings Q4 2023 Face-Off]

Irfan Khan, CEO of Google Cloud AI partner Cloudsufi, said Google Cloud Platform (GCP) is very flexible, open and sustainable.

When we go to our customers, their services are highly scalable, very automated and the flexibility allows business to scale, Khan said. He added that there are customers in various industries seeking Cloudsufi and Google Clouds AI solutions in 2024, including health-care, education and government customers.

They love services like BigQuery for data warehousing, which is an AI platform for machine learning. Its a pretty powerful concept to do it. Its enabling businesses to analyze big data, sophisticated models, etc. Theres much more curation in Googles models coming in right now, said Khan.

In 2023, the three largest cloud computing companies on the planetGoogle, Amazon Web Services and Microsofteach poured millions into building new AI products and forming partnerships with AI companies such as OpenAI and Anthropic.

All three companies now offer generative AI solutions, such as large language models (LLMs) and AI collaboration tools and chatbots. For example, Google just launched its new AI LLM Gemini that looks to eventually power many of Google Clouds most popular products and services.

In terms of global cloud market share, AWS ranks No. 1 with 31 percent share of the worldwide cloud infrastructure services market as of fourth-quarter 2023. Microsoft ranks No. 2 at 23 percent share, followed by Google at 11 percent share.

Google Clouds CEO told CRN that channel partners will lead the way in the companys AI and GenAI push in 2024 and beyond.

Google Cloud partners are now seeing AI infused into virtually every customer engagement, said Kurian. Were committed to providing our partners with the right resources, tools, support and incentives to meet this opportunity and build their own thriving AI businesses.

To support Google Cloud partners, the company is increasing incentives and financial rewards around AI.

For instance, we are substantially increasing our incentives for partners across both Google Workspace and GCP, and increasing rewards for partners who drive more workload adoption and accelerate adoption of key products like AI, Kurian said.

In terms of Google Clouds top priority in 2024, Kurian said its all about generative AI.

My top priority of 2024 is: ensuring all organizations can build, use and successfully adopt generative AI to fuel their digital transformations, he said.

In fourth-quarter 2023, Google Cloud generated $9.2 billion in total revenue, representing an increase of 26 percent year over year. The company now has an annual run rate of nearly $37 billion.

For the first time in its history, Google Cloud generated a profit in 2023. In fourth-quarter 2023, the company captured operating income of $864 million, up significantly from an operating loss of $186 million year over year.

Read more:
Google's Thomas Kurian: 'We're The Most Open Cloud' For AI - CRN

Read More..

How to Develop Cryptocurrency Wallets with Swift for iOS? – Analytics Insight

Cryptocurrency wallets have become an integral part of the digital landscape, allowing users to securely store, send, and receive cryptocurrencies like Bitcoin, Ethereum, and others. With the increasing popularity of cryptocurrencies, the demand for reliable and user-friendly wallet applications has grown significantly. In this article, well explore how to develop cryptocurrency wallets using Swift for iOS, Apples powerful and intuitive programming language.

Before delving into the development process, its crucial to understand the basic functionality of cryptocurrency wallets. A cryptocurrency wallet is a software application that securely stores public and private keys, enabling users to interact with the blockchain network. The public key serves as the wallet address, allowing users to receive funds, while the private key is used to sign transactions and access funds stored in the wallet.

To develop cryptocurrency wallets with Swift for iOS, youll need access to Apples Xcode development environment, which includes the Swift programming language and essential tools for iOS app development. Xcode can be downloaded from the Mac App Store and is available free of charge.

When developing a cryptocurrency wallet, its essential to consider the wallet architecture. There are primarily two types of cryptocurrency wallets:

Hot Wallets: Hot wallets are connected to the internet and allow for easy access to funds, making them suitable for daily transactions and trading. However, they may be more vulnerable to security breaches.

Cold Wallets: Cold wallets are offline storage solutions that provide enhanced security by keeping private keys offline. They are typically used for long-term storage of large cryptocurrency holdings.

Enable users to create new cryptocurrency wallets with a secure backup mechanism.

Implement wallet restoration functionality using mnemonic phrases or seed words.

Utilize cryptographic techniques to securely manage public and private keys.

Implement key derivation functions (KDFs) to derive keys from mnemonic phrases or seed words.

Generate unique wallet addresses for receiving cryptocurrencies.

Implement QR code scanning functionality to simplify the process of sending and receiving funds.

Facilitate seamless transaction processing, including sending and receiving cryptocurrencies.

Implement transaction signing using private keys to authorize outgoing transactions.

Provide support for multiple cryptocurrencies within the same wallet application.

Implement APIs or libraries to interact with various blockchain networks and protocols.

Implement robust security measures, such as biometric authentication (Touch ID, Face ID) and PIN/password protection.

Encrypt sensitive data stored within the wallet application to prevent unauthorized access.

To streamline the development process and enhance functionality, developers can leverage existing libraries and APIs designed specifically for cryptocurrency wallet development. Some popular libraries and APIs include:

Once the wallet application is developed, thorough testing is essential to ensure functionality, security, and user experience. Conduct both manual and automated testing to identify and address any bugs or vulnerabilities.

After successful testing, deploy the cryptocurrency wallet application to the Apple App Store following Apples guidelines and submission process. Regularly update the application to incorporate new features, security patches, and improvements based on user feedback and industry developments.

Developing cryptocurrency wallets with Swift for iOS presents a rewarding yet challenging endeavor. By understanding the fundamental principles of cryptocurrency wallets, leveraging Swifts capabilities, and implementing key features and security measures, developers can create robust and user-friendly wallet applications that cater to the evolving needs of cryptocurrency users on the iOS platform. As the cryptocurrency landscape continues to evolve, the demand for innovative wallet solutions will undoubtedly grow, making Swift an invaluable tool for developers looking to enter this dynamic and rapidly expanding field.

Join our WhatsApp and Telegram Community to Get Regular Top Tech Updates

See the article here:
How to Develop Cryptocurrency Wallets with Swift for iOS? - Analytics Insight

Read More..

Solana (SOL) Surpasses Binance Coin (BNB) As Fourth Largest Cryptocurrency Algotech (ALGT) Projects Amazing … – Cryptonews

Last updated: February 19, 2024 03:37 EST | 3 min read

Solana (SOL) continues to prove that it is the best coin to invest in today as it rises through the ranks in the crypto market, surpassing Binance Coin (BNB). Meanwhile, Algotech (ALGT) has become a favorite presale crypto.

Learn why Solana (SOL) has bypassed Binance Coin (BNB) and Algotech (ALGT) is leading the presale coins list.

On February 6, 2024, Solana (SOL) faced its first outage of the year that lasted five hours. Validators and developers got to work immediately looking for the problem and creating a solution. Despite the challenge, SOL crypto price surged from $95.55 to $101.24 the following day.

Having overcome this challenge, SOL crypto price surged between February 7 and February 14, moving from $101.24 to $116.98. The price surge was attributed to a rise in transactions, TVL on DeFi projects, and a surge in demand, causing a rise in market capitalization that saw Solana (SOL) surpass Binance Coin (BNB) for the number 4 position in the market.

Based on this information, investors are optimistic that SOL crypto price will keep rising. In the derivative markets, investors display their confidence in Solana (SOL) by investing up to $1 billion in Solana (SOL) options. Investors are optimistic it will keep rising and return favorable results.

Moreover, market experts suggest a bullish sentiment for Solana (SOL) and opine upward momentum and buyer dominance for the token, as per technical analysis. Consequently, Solana (SOL) price projections anticipate it will rise to $120 in February.

On January 31, 2024, BNB Chain, a Binance blockchain network powered by Binance Coin (BNB), announced its strategic plan for 2024, indicating a consolidation of its ecosystem to focus on DeFi, gaming, and artificial intelligence projects for the year. Following the announcement, BNB coin price fell from $307 to $300 the next day.

However, between February 7 and February 14, the market turned bullish, allowing BNB coin price to rise from $302 to $334. In this period, Binance Coin (BNB) investors returned to the market, increasing demand for BNB as shown by the rising traded volumes. Despite the rising Binance Coin (BNB) price, Solana (SOL) surpassed its market cap, pushing it to the fifth position in the crypto market.

Despite the fall in rankings, Binance Coin (BNB) investors are optimistic that BNB coin price will keep rising as long as the market performs well. Furthermore, as Binance Coins (BNB) Chain strategy gets implemented, it will attract more projects, transactions, and value, increasing its price.

Experts suggest a bullish sentiment for Binance Coin (BNB) and predict it will rise to $350 by the end of February.

Algorithmic trading is a profitable endeavor requiring traders to gain specialized knowledge, experience, and the right tools. Algotech (ALGT), a decentralized trading platform, is an advanced, blockchain-based algorithmic trading tool for all traders, beginners, and experts.

Algotech (ALGT) stands out for its openness and incorporation of machine learning. Consequently, it automates trading strategies, ensuring traders earn profit consistently. An integral skill traders need to profit is market data analysis. Algotech (ALGT) condenses complex market information to deliver precise insights, enabling accurate and speedy decision-making.Moreover, Algotech (ALGT) incorporates robust risk mitigation strategies, ensuring traders manage their capital and grow it as they learn to navigate the platform.

Algotech (ALGT) offers ALGT, its native token, in a public presale. Initially, a private sale raised $1.1 million in two days, setting it up for success as a presale crypto. With the presale in Stage 1, Algotech (ALGT) is valued at $0.04 and will rise by 50% to reach $0.06 in the next stage.

Moreover, Algotech (ALGT) entices investors with iPhones, tablets, and Apple watches that traders can access the platform from. Investors who heed the call and buy Algotech (ALGT) now can anticipate a 275% gain at the end of the presale when it reaches the $0.15 launch price.Follow these links to learn more about Algotech (ALGT) presale.

Visit Algotech Presale

Join The Algotech Community

Excerpt from:
Solana (SOL) Surpasses Binance Coin (BNB) As Fourth Largest Cryptocurrency Algotech (ALGT) Projects Amazing ... - Cryptonews

Read More..

Oklahoma-Based Company Building Cryptocurrency Mining Facility In Muskogee – News On 6

Polaris Technologies is opening a cryptocurrency mining facility in Muskogee, where the $100 million investment will bring dozens of tech jobs to the area.

Friday, February 16th 2024, 6:17 pm

A cryptocurrency mining facility is being built in Muskogee.

Leaders with Port Muskogee say it represents a $100 million investment and will bring dozens of tech jobs to the area.

A 200-megawatt data center needs a lot of power. Thats why Oklahoma-based Polaris Technologies will bring its center John T. Griffin Industrial Park in Muskogee.

The data center is mostly made up of these containers that house super-computers tasked with the job of solving complex puzzles to mine Bitcoin, a process that uses a lot of electricity. Polaris Technologies COO Alex Zhang says it will come from a nearby OG&E substation.

"The substation over there has 1 gigawatt capacity so we are not using all of them, just using part of that," Zhang said.

The data center is capable of using 200 megawatts of electricity at peak demand. For context, a Walmart Supercenter uses only 1 megawatt. Zhang said to keep the stress on the power grid low, they will turn off the supercomputers to save energy during peak demand.

"When the residents really need the energy, we'll stop the operation and get the energy back to the residential one," Zhang said.

It's not just servers in a container doing all the work. Zhang says 20 employees will be hired by the time Phase 1 is complete this April,

There are also plans for a repair center that will require around highly trained technicians.

"Those jobs are well-paid and really welcome local folks to get on board and we'll train them and get them paid well," Zhang said.

He hopes to make a positive impact on the community with this huge project and says he is excited to work with local talent.

Phase two expansion will add another 200 megawatt facility, creating 20 more jobs. Polaris says they are still hiring jobs like electricians, plumbers, and repair specialists.

See the rest here:
Oklahoma-Based Company Building Cryptocurrency Mining Facility In Muskogee - News On 6

Read More..

Hawaii opens its doors to Cryptocurrency Trading, embracing the digital financial frontier – KITV Honolulu

State Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington Washington D.C. West Virginia Wisconsin Wyoming Puerto Rico US Virgin Islands Armed Forces Americas Armed Forces Pacific Armed Forces Europe Northern Mariana Islands Marshall Islands American Samoa Federated States of Micronesia Guam Palau Alberta, Canada British Columbia, Canada Manitoba, Canada New Brunswick, Canada Newfoundland, Canada Nova Scotia, Canada Northwest Territories, Canada Nunavut, Canada Ontario, Canada Prince Edward Island, Canada Quebec, Canada Saskatchewan, Canada Yukon Territory, Canada

Zip Code

Country United States of America US Virgin Islands United States Minor Outlying Islands Canada Mexico, United Mexican States Bahamas, Commonwealth of the Cuba, Republic of Dominican Republic Haiti, Republic of Jamaica Afghanistan Albania, People's Socialist Republic of Algeria, People's Democratic Republic of American Samoa Andorra, Principality of Angola, Republic of Anguilla Antarctica (the territory South of 60 deg S) Antigua and Barbuda Argentina, Argentine Republic Armenia Aruba Australia, Commonwealth of Austria, Republic of Azerbaijan, Republic of Bahrain, Kingdom of Bangladesh, People's Republic of Barbados Belarus Belgium, Kingdom of Belize Benin, People's Republic of Bermuda Bhutan, Kingdom of Bolivia, Republic of Bosnia and Herzegovina Botswana, Republic of Bouvet Island (Bouvetoya) Brazil, Federative Republic of British Indian Ocean Territory (Chagos Archipelago) British Virgin Islands Brunei Darussalam Bulgaria, People's Republic of Burkina Faso Burundi, Republic of Cambodia, Kingdom of Cameroon, United Republic of Cape Verde, Republic of Cayman Islands Central African Republic Chad, Republic of Chile, Republic of China, People's Republic of Christmas Island Cocos (Keeling) Islands Colombia, Republic of Comoros, Union of the Congo, Democratic Republic of Congo, People's Republic of Cook Islands Costa Rica, Republic of Cote D'Ivoire, Ivory Coast, Republic of the Cyprus, Republic of Czech Republic Denmark, Kingdom of Djibouti, Republic of Dominica, Commonwealth of Ecuador, Republic of Egypt, Arab Republic of El Salvador, Republic of Equatorial Guinea, Republic of Eritrea Estonia Ethiopia Faeroe Islands Falkland Islands (Malvinas) Fiji, Republic of the Fiji Islands Finland, Republic of France, French Republic French Guiana French Polynesia French Southern Territories Gabon, Gabonese Republic Gambia, Republic of the Georgia Germany Ghana, Republic of Gibraltar Greece, Hellenic Republic Greenland Grenada Guadaloupe Guam Guatemala, Republic of Guinea, Revolutionary People's Rep'c of Guinea-Bissau, Republic of Guyana, Republic of Heard and McDonald Islands Holy See (Vatican City State) Honduras, Republic of Hong Kong, Special Administrative Region of China Hrvatska (Croatia) Hungary, Hungarian People's Republic Iceland, Republic of India, Republic of Indonesia, Republic of Iran, Islamic Republic of Iraq, Republic of Ireland Israel, State of Italy, Italian Republic Japan Jordan, Hashemite Kingdom of Kazakhstan, Republic of Kenya, Republic of Kiribati, Republic of Korea, Democratic People's Republic of Korea, Republic of Kuwait, State of Kyrgyz Republic Lao People's Democratic Republic Latvia Lebanon, Lebanese Republic Lesotho, Kingdom of Liberia, Republic of Libyan Arab Jamahiriya Liechtenstein, Principality of Lithuania Luxembourg, Grand Duchy of Macao, Special Administrative Region of China Macedonia, the former Yugoslav Republic of Madagascar, Republic of Malawi, Republic of Malaysia Maldives, Republic of Mali, Republic of Malta, Republic of Marshall Islands Martinique Mauritania, Islamic Republic of Mauritius Mayotte Micronesia, Federated States of Moldova, Republic of Monaco, Principality of Mongolia, Mongolian People's Republic Montserrat Morocco, Kingdom of Mozambique, People's Republic of Myanmar Namibia Nauru, Republic of Nepal, Kingdom of Netherlands Antilles Netherlands, Kingdom of the New Caledonia New Zealand Nicaragua, Republic of Niger, Republic of the Nigeria, Federal Republic of Niue, Republic of Norfolk Island Northern Mariana Islands Norway, Kingdom of Oman, Sultanate of Pakistan, Islamic Republic of Palau Palestinian Territory, Occupied Panama, Republic of Papua New Guinea Paraguay, Republic of Peru, Republic of Philippines, Republic of the Pitcairn Island Poland, Polish People's Republic Portugal, Portuguese Republic Puerto Rico Qatar, State of Reunion Romania, Socialist Republic of Russian Federation Rwanda, Rwandese Republic Samoa, Independent State of San Marino, Republic of Sao Tome and Principe, Democratic Republic of Saudi Arabia, Kingdom of Senegal, Republic of Serbia and Montenegro Seychelles, Republic of Sierra Leone, Republic of Singapore, Republic of Slovakia (Slovak Republic) Slovenia Solomon Islands Somalia, Somali Republic South Africa, Republic of South Georgia and the South Sandwich Islands Spain, Spanish State Sri Lanka, Democratic Socialist Republic of St. Helena St. Kitts and Nevis St. Lucia St. Pierre and Miquelon St. Vincent and the Grenadines Sudan, Democratic Republic of the Suriname, Republic of Svalbard & Jan Mayen Islands Swaziland, Kingdom of Sweden, Kingdom of Switzerland, Swiss Confederation Syrian Arab Republic Taiwan, Province of China Tajikistan Tanzania, United Republic of Thailand, Kingdom of Timor-Leste, Democratic Republic of Togo, Togolese Republic Tokelau (Tokelau Islands) Tonga, Kingdom of Trinidad and Tobago, Republic of Tunisia, Republic of Turkey, Republic of Turkmenistan Turks and Caicos Islands Tuvalu Uganda, Republic of Ukraine United Arab Emirates United Kingdom of Great Britain & N. Ireland Uruguay, Eastern Republic of Uzbekistan Vanuatu Venezuela, Bolivarian Republic of Viet Nam, Socialist Republic of Wallis and Futuna Islands Western Sahara Yemen Zambia, Republic of Zimbabwe

See the article here:
Hawaii opens its doors to Cryptocurrency Trading, embracing the digital financial frontier - KITV Honolulu

Read More..

Here’s what happened in crypto today – Cointelegraph

The price of the Worldcoin token has gained 141% in a week amid the launch of Sora and its World App reaching one million users. Meanwhile, a tech startup looking to build an Ethereum-based synthetic dollar has raised $14 million in fresh financing and a project has come out in defense of YouTuber KSI after he was accused of being a pump-and-dump merchant.

Worldcoin (WLD) token a crypto project co-founded by OpenAI CEO Sam Altman has surged more than 140% over the last week, as its daily users ticked over the 1 million mark.

In a Feb. 18 post to X, Worldcoin announced that its crypto wallet application, dubbed World App, had notched more than 1 million users, a significant growth from just 100,000 daily active users in November last year.

Launched in July 2023 by OpenAI CEO Sam Altman and Alex Blania, Worldcoin is a self-described privacy-preserving digital identity verification project that pays users in its native cryptocurrency in exchange for scanning their irises.

Worldcoins gains over the week have come alongside several major updates from OpenAI.

On Feb. 16, OpenAI unveiled its new text-to-video generator, Sora, allowing users to generate video clips and scenes from text prompts.

A week earlier, on Feb. 9, Altman announced that he would seek to raise a staggering $7 trillion to help the firm fund and scale its semiconductor chip development. While the massive dollar figure raised eyebrows throughout the tech world, Altman didnt seem too phased.

Technology startup Ethena Labs has raised $14 million in funding to further the development of its Ethereum-based synthetic dollar.

The funding round was disclosed on Feb. 16 and builds off a previous $6 million round that was led by Binance Labs, Gemini and Bybit, among others. The current round was primarily backed by venture capital firm Dragonfly.

Ethena Labs is developing USDe, a synthetic dollar backed by delta-hedging strategies using Ether (ETH) as primary collateral. Since launching in December, USDe has amassed more than $200 million in total value locked, according to industry data.

USDe maintains its rough target to the U.S. dollar by delta-hedging assets provided by users minting USDe to short-staked Ethereum collateral using perpetual swaps to achieve delta-neutral stability, the company shared with Cointelegraph.

Ethenas project hopes to build off the enormous success of stablecoins, which have emerged as one of the single biggest use cases of blockchain technology. The total market cap of stablecoins is valued at $138 billion, according to Coincodex.

Oliver Bell, the founder of the Xcad Network, has leaped to the defense of YouTuber turned crypto guru KSI, who was accused of performing a pump-and-dump scam by investigator ZachXBT.

After ZachXBT shared screenshots of KSIs X account posting about XCAD and then dumping $850,000 of the tokens in the days that followed, Bell posted a response, arguing that the YouTuber had all the rights to sell his tokens.

On Feb. 15, Bell said in a post that KSI had been one of their biggest value adders who made introductions and suggestions around the product. The executive argued that while KSI sold some tokens, the YouTuber bought a lot more than he sold.

Bell also directly disputed the allegations, saying KSI did not pump and dump XCAD. Bell wrote that KSI remains an active investor and believer who has other wallets and has been one of their solid supporters.

The internet celebrity further explained that he didnt have any malicious intent in trying to scam and said that he was new to crypto and was excited. Attempting to explain the posts and the selling that followed, KSI said that every time he tweeted something, the opposite would occur, and thats why he decided to tweet the opposite of what he was actually doing.

However, another crypto investigator, Coffeezilla, argued that KSI publicly saying one thing and then privately doing the opposite is the definition of a pump and dump. Whether it is successful or not, Coffeezilla argued that what KSI did was a pump and dump. I dont really buy that he had no clue that tweeting one thing would positively affect the price in his favor.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Additional reporting by Geraint Price, Sam Bourgi and Felix Ng.

Read the rest here:
Here's what happened in crypto today - Cointelegraph

Read More..

South Korea’s Ruling Party Seeks to Delay Crypto Tax Law – Cryptonews

Last updated: February 19, 2024 00:47 EST | 2 min read

South Koreas ruling People Power Party is advocating for a two-year postponement of the taxation on gains from cryptocurrency investments.

The move is seen as a potential campaign promise for the upcoming general election scheduled for April.

The party aims to prioritize establishing a comprehensive regulatory framework for cryptocurrencies before implementing taxation measures.

According to local media outlet Herald Business Daily, the right-wing party intends to propose a new set of regulations addressing the crypto industry in the upcoming term.

By focusing on regulatory measures first, the party aims to delay the implementation of the crypto gains tax, which is currently slated to take effect in January 2025.

This proposed delay would push the tax plan to start in 2027.

As part of its election campaign strategy, the ruling party is considering introducing a bill that encompasses essential elements for potential crypto regulations.

These regulations may include requirements for crypto custody providers and guidelines for token listing.

If implemented, these regulations would supplement South Koreas initial set of crypto regulations set to become effective in July.

The People Power Party plans to finalize its core election promises by the end of the month.

In a recent development, a representative from South Koreas Ministry of Economy and Finance suggested that the countrys legislative body should discuss the possibility of abolishing income tax on crypto assets.

This suggestion aligns with the current administrations initiative to scrap the planned tax on financial investments, including stocks and funds.

However, the People Power Party does not ostensibly explore a complete abolition of the proposed cryptocurrency taxation, as reported by Herald.

Alongside advocating for a tax delay, the party also aims to harmonize the cryptocurrency tax threshold with that of stocks.

Currently, the tax plan imposes a 22% tax rate on crypto gains exceeding 2.5 million Korean won (approximately $1,875).

In contrast, gains from stocks are only taxed when they surpass 50 million won.

In December last year, South Korea announced that high-ranking public officials will be required to disclose their cryptocurrency holdings starting next year.

At the time, the countrys personnel ministry said this proactive approach was intended to address potential conflicts of interest and promote integrity within the public sector.

By mandating disclosure of cryptocurrency holdings, the government aims to ensure that public officials maintain the highest ethical standards and avoid any potential conflicts that may arise from their involvement in the crypto market.

The requirement would apply to high-ranking officials across various government agencies and departments.

These officials will be obligated to report their cryptocurrency holdings, including details of the assets they own and the respective amounts.

Meanwhile, Lee Bok-hyun, South Koreas head of the Financial Supervisory Service, aims to visit the United States later and discuss the crypto industry with U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler.

Specifically, the official is set to speak with Gensler regarding spot Bitcoin ETFs.

More:
South Korea's Ruling Party Seeks to Delay Crypto Tax Law - Cryptonews

Read More..

San Diego man loses tens of thousands of dollars in cryptocurrency scam – ABC 10 News San Diego KGTV

SAN DIEGO (KGTV) What started as a phone call ended with Jurek Wasowskis life turned upside down.

I am devastated, Wasowski said, as he recalled the scam that changed his life.

It was in the summer when Wasowskis phone rang.

I never pick up unlisted calls, but t at this time, I was busy doing something and I pick[ed] up the phone, he said.

Wasowski heard a sweet voice on the other end. They ended up bonding over their shared Slavic culture.

As an immigrant, he felt a connection. They ended up speaking on the phone twice, and then she encouraged him to start texting using the app Telegram.

The woman claimed her name was Lena and mentioned to Wasowski she is doing crypto trading.

Wasowski already had investments in cryptocurrency, but he was interested in learning more. She gained his trust and told him that she could teach him.

He said he initially started investing $800 and then put in much more after he saw his profits.By the end, he invested around $100,000.

Lena sent a number of pictures and videos reinforcing their friendship.

She sends me such lovely messages about her trust to help me build solid retirement, Wasowski said.

It turns out the digital currency platform she told him to put his money was not real.

This method called pig butchering is a growing scam that often involves online romance or friendship and cryptocurrency.

"The reality is so many of these scammers, they're so good at hijacking our brains, Eva Velasquez of the Identity Theft Resource Center told ABC 10News in 2022. When you're in that state, those things that are apparent to an outside observer really aren't apparent to you as the person who's directly involved in it."

Once that money is transferred to the scammer, it's hard to get back.

I try to function, but I don't know, Wasowski said. I pray to God... to take her to the justice because I never in my entire life met somebody so cruel.

According to the FBI's Internet Crime Complaint Center, cryptocurrency investment fraud rose from $907 million in 2021 to $2.57 billion in 2022.

Wasowski hoped to retire. Now, he cant.

I must work until I die, he told ABC 10News.

He advises everybody to be cautious and to watch closely their wallet. Wasowski, who operates a small business, started a GoFundMe pageto try to recover some of what he lost.

Federal agencies want to remind people only scammers guarantee big returns and demand payments in crypto. They also said if an online "love interest" wants to help you invest in crypto, that is a scam too.

If you are a victim, you can file a report with the FBI at http://www.ic3.gov.

Editor's note: A previous version of this story spelled Mr. Wasowski's name as "Jurich." This has been corrected.

More here:
San Diego man loses tens of thousands of dollars in cryptocurrency scam - ABC 10 News San Diego KGTV

Read More..

Hbar Price : Hbar Smashed New ATH , Will The Rally Continue To $1 ? – CoinGape

Hedera Hashgraphs native cryptocurrency, HBAR, has been making headlines recently as it recorded a new all-time high (ATH) for the year, experiencing a remarkable 9.89% increase in value. This surge in price has captured the attention of both investors and enthusiasts alike, especially considering the turbulent journey HBAR has undergone over the past year. As the market eagerly watches the bullish momentum of HBAR, the question on everyones mind is whether this rally will persist.

To comprehend the significance of HBARs recent performance, its essential to understand its role within the broader ecosystem of Hedera Hashgraph. HBAR serves as both a general-purpose cryptocurrency and the utility token of the Hedera network, powering transactions and applications within the platform. Hedera Hashgraph itself is a cryptocurrency network designed to facilitate transactions and deploy applications, overseen by a group of businesses. Its unique feature lies in its patented algorithm, the hashgraph, which boasts superior transaction processing capabilities compared to traditional blockchains.

To gauge HBARs potential, its essential to understand its price history and reactions to past market events. While past performance doesnt guarantee future results, it does offer valuable insights.

In its early days, Hedera Hashgraph (HBAR) maintained a stable price between $0.01 and $0.08, reflecting its steady development and the slow growth of its community. However, the year 2021 brought significant volatility to HBARs price.

At the beginning of 2021, HBAR experienced a surge, rising from $0.03 to nearly $0.45 by mid-March, riding the wave of a broader cryptocurrency market boom. However, this upward momentum was short-lived as the price began to decline in April, in line with the overall market downturn, reaching a low of $0.1559 by July 21st.

In September 2021, HBAR witnessed a resurgence, reaching an all-time high of $0.57. This spike was fueled in part by growing interest in non-fungible tokens (NFTs) and the announcement by the Hedera Governing Council to allocate $5 billion in HBAR for ecosystem development. Despite this peak, the year ended with extreme volatility, with HBAR closing at nearly $0.3.

The year 2022 brought further challenges for HBAR, with fluctuations in early 2022 seeing the price reach $0.33 before struggling to maintain this level, often hovering below $0.3. The de-pegging of UST and the collapse of LUNA in May, followed by issues faced by Celsius Network in June, added further pressure to the price, leading to lows of $0.075 and $0.058, respectively.

While there was a brief surge in September due to expectations surrounding a potential listing on Coinbase, the eventual listing in October did not have a significant impact on the price. The year ended on a low note with the collapse of the FTX exchange in late 2022, resulting in a market crash that dragged HBARs price down to around $0.036.

The collapse of Silvergate Bank further dampened sentiment, but HBAR eventually gained momentum, forming an ascending channel pattern, indicating a potential gradual uptrend with higher highs and lows. Recently, HBAR has found support around the $0.057-0.06 level, with a breach below this potentially indicating a stronger bearish trend.

HBAR has experienced significant price fluctuations over the years, ranging from steady growth to extreme volatility. While past performance is not indicative of future results, understanding HBARs price history provides valuable context for assessing its potential course in the future.

Today, the price of HBAR stands at $0.09443, marking an all-time high for the year, compared to its starting point. This surge in price is accompanied by a significant increase in trading volume, which has risen by 150% over the past 24 hours, reaching $136,978,601. In the same timeframe, HBAR has experienced a notable increase of 10.26%.

In the current rankings on CoinMarketCap, HBAR holds the 37th position, reflecting its growing prominence in the cryptocurrency market. This surge in price and trading volume has propelled HBARs market capitalization to $3,190,561,329, marking an 11% increase in just one day.

HBAR boasts a circulating supply of 33,678,813,527 coins, with a maximum supply capped at 50,000,000,000 coins. Notably, HBAR reached its all-time high of $0.5701 on September 16, 2021, before experiencing a decrease of 83.31% compared to its current price.

Over the past week, HBAR has exhibited bullish momentum, with a notable increase of 22% in price. Looking back over the past year, HBAR has seen an overall increase of 6.24%, indicating its steady growth and resilience in the cryptocurrency market.

A detailed technical analysis offers insights into the current sentiment surrounding HBAR. While moving averages suggest a bullish outlook, with prices trading above various moving averages indicating upward momentum, oscillators provide a more detailed perspective. While some indicators signal overbought conditions, others remain neutral, contributing to a mixed sentiment among analysts.

In a bullish scenario, key resistance levels to watch are at 0.0967, representing the upper limit channel, followed by 0.1015, which marks a pivot high, and 0.1326.

On the flip side, in a bearish scenario, crucial support levels include 0.085, aligned with the 800 exponential moving average (EMA), 0.077 associated with the 50 EMA, and 0.0683 linked with the 200 EMA.

Looking ahead, analysts provide varying forecasts for HBARs price trajectory. Short-term predictions suggest a potential rise to $0.2 by the end of 2024, driven by ongoing network improvements and market recovery. By 2025, further advancements and market growth could propel HBARs value to around $0.33, with long-term projections envisioning highs of approximately $0.7 by 2030. However, these forecasts are subject to market dynamics and technological developments within the ecosystem.

HBARs recent price surge signals a significant milestone for the cryptocurrency, but the sustainability of this rally remains uncertain. While technical indicators provide valuable insights into current market sentiment, predicting future price movements requires careful analysis and consideration of various factors. As HBAR continues its journey within the volatile cryptocurrency landscape, investors and enthusiasts alike will closely monitor its performance, eagerly awaiting further developments and milestones.

Continued here:
Hbar Price : Hbar Smashed New ATH , Will The Rally Continue To $1 ? - CoinGape

Read More..

Coinbase Commerce Stops Offering Native Bitcoin Payments – BeInCrypto

An executive for the digital payment service of cryptocurrency exchange Coinbase has announced that it has made the tough call to remove native Bitcoin and other UTXO support on its Commerce platform.

Lauren Dowling, the product lead for Coinbase Commerce, stated that customers were facing operational challenges with the product.

In a series of posts on X (formerly Twitter), Dowling emphasized that customers were facing significant challenges with Coinbase Commerce due to crypto volatility risk, manual effort required to resolve incorrect payments and limited asset support.

Dowling clarified that to tackle these issues, the platform developed an on-chain payments protocol utilizing smart contracts and other tools to enable seamless off-chain commerce.

In addressing these concerns, we saw an opportunity to build an open onchain payments protocol leveraging smart contracts and other EVM tools to enable seamless onchain commerce without the operational and financial burdens of the old system.

However, Dowling notes that the exchange is constantly exploring other ways to bring payment solutions to customers, including the use of the Lightning Network and Solana.

Read more: BitcoinPrice Prediction 2024/2025/2030

Meanwhile, Coinbases stock price recently surged following positive remarks from a major investment bank.

COIN rose 10% after JPMorgan upgraded the exchanges stock to neutral. The banks expert sees potential for COIN, given its strong links to the sustained Bitcoin price momentum.

COINs price reached $180.31 USD before markets closed on February 16 for the weekend.

JPMorgan analyst Kenneth Worthington upgraded COIN to neutral from underweight as Bitcoin touched $52,400. Last month, Kenneth downgraded share prices to $80, indicating a potential 35% drop. At the time of publication, Bitcoins price is $52,014.

Read more: Who Owns the MostBitcoinin 2024?

Meanwhile, Coinbase customers are advised to be cautious about clicking on any email links claiming to be from Coinbase. There is a likely chance that it could be a scam in an attempt to steal all their crypto.

The scheme is known as the Coinbase reset fraud. It involves crypto scammers gathering personal information from users to deceive them into resetting their Coinbase login credentials. BeInCrypto recently reported that these scammersdepriveda victim of over 1,400ETH, valued at an estimated $4 million.

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that ourTerms and Conditions,Privacy Policy, andDisclaimershave been updated.

Originally posted here:
Coinbase Commerce Stops Offering Native Bitcoin Payments - BeInCrypto

Read More..