JPMorgan Chase partners with six major Indian banks to launch a blockchain-based platform for settling interbank dollar transactions, aiming to enhance efficiency and expedite transactions. The pilot project utilizing JPMorgan’s Onyx platform is scheduled to start on Monday.
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Bitcoin’s Destiny Amidst Cryptocurrency Tax Reporting: Market Reactions and Concerns
Bitcoin continues to dominate digital currencies despite a minute dip influenced by President Biden’s crypto tax propositions. However, concerns are growing that these proposals may stifle industry growth and innovation. Meanwhile, a new model for Bitcoin valuation based on on-chain metrics offers deeper cryptosphere insights, and Bitcoin’s trading faces significant resistance levels.
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