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Tag bitcoin

IRS Rule Repeal and U.S. Push Toward Blockchain Dominance

IRS Rule Repeal and U.S. Push Toward Blockchain Dominance

In a stunning victory for the cryptocurrency industry, the United States Congress has officially repealed a highly controversial IRS rule. This regulation, which was buried deep within President Biden’s original infrastructure bill, sought to classify a wide range of crypto…

Solana Co-founder Anatoly Yakovenko Denies Lobbying Rumors

Solana Co-founder Anatoly Yakovenko Denies Lobbying Rumors

Yakovenko Responds to Speculation Solana co-founder Anatoly Yakovenko has firmly denied rumors claiming Solana representatives lobbied for inclusion in a proposed U.S. government crypto reserve. These denials emerged amidst growing speculation that Ripple had actively supported Solana’s addition to the…

DeFi on Bitcoin: Is It Possible?

DeFi on Bitcoin: Is It Possible?

Introduction Decentralized finance (DeFi) has revolutionized blockchain technology, primarily thriving on Ethereum and other smart contract-based networks. However, Bitcoin remains the largest and most widely adopted cryptocurrency, leading many to ask whether DeFi can exist on Bitcoin. Bitcoin was designed…