Author: NBTC
Impierce Tech celebrates the release of IOTA Identity v1.2, marking significant progress in self-sovereign identity solutions. The IOTA Identity framework, highlighted by CEO Jelle Millenaar, not only advances decentralized identity solutions but also emphasizes transparency and community involvement. The IOTA blockchain network continues to make progress with its Identity framework as new upgrades bring advanced versions with self-sovereign identity solutions (SSI). Jelle Millenaar, CEO of Impierce Tech, a company specializing in leveraging the IOTA Identity framework, has revealed substantial advancements in the latest upgrade. In recent news, Millenaar extended appreciation and congratulations to IOTA for the release of IOTA Identity…
FBI warns against using non-MSB registered crypto services Non-compliance could lead to asset loss during law enforcement actions Check crypto service registration via the FinCEN tool for safety The U.S. Federal Bureau of Investigation has issued a warning to Americans today about the risks of using cryptocurrency services that are not registered as Money Services Businesses (MSBs). The advisory, released through the FBI’s Internet Crime Complaint Center (IC3), stresses the importance of compliance with federal anti-money laundering regulations. According to the FBI’s recent statement, consumers should exercise caution and verify that any cryptocurrency money-transmitting service adheres to the necessary legal…
The latest issued spot BTC ETFs have a prominent place among the top catalysts that drive the price rally of Bitcoin. In this respect, the top cryptocurrency may experience a supply shock because the BTC ETFs are continuously witnessing heavy accumulation of the circulating Bitcoin tokens. Since the ETFs’ approval in January this year, they have accumulated more than four percent of the presently circulating Bitcoin. BTC May Shortly Go Through a Supply Shock As Inflows in ETFs Set New Record A crypto analyst “Mister Crypto” recently took to X to disclose the breaking news. As per Mister Crypto, the…
Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus. Amanda Cassatt, founder, and CEO of web3 marketing studio Serotonin, tweeted that several Ethereum (ETH) proponents were dissatisfied with the network’s current state. Cassatt stressed that the views were not personal and the posts mirrored conversations she was privy to. The crypto founder also listed reasons opinionated by some community members. “Been interesting to notice a lot of Ethereum community members privately expressing the wish that it had stuck with pow instead of transitioning to PoS.” Amanda Cassatt, Serotonin…
A Shiba Inu (SHIB) whale who secured $800,000 with an initial $4,000 investment missed out on clinching a $10 million return due to hasty selloffs. Shiba Inu stands out as one of the crypto assets with a rich history of turning peanuts to fortunes. The cryptocurrency’s meteoric surge during the 2021 bull run represented the largest price spike for any mainstream asset in crypto history. Research from CoinGecko confirmed that Shiba Inu successfully transformed $12 to $1 million from 2020 to 2021. Multiple early investors rode on this rally to retirement, but some, while they entered the market rally, missed…
Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance Following his November 2023 settlement of charges with the U.S. Department of Justice (DOJ), Changpeng Zhao (CZ) is scheduled for sentencing on April 30. The DOJ has requested a 36-month sentence despite CZ previously waiving his right to appeal any sentence up to 18 months.…
Bitcoin (BTC) miners are investing billions in equipment and consuming energy at unprecedented rates to maximize profits before the upcoming halving event in April. According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the cryptocurrency’s recovery. The world’s largest digital asset by market cap recently broke its all-time high record after losing 64% of its value in 2022 due to industry turmoil. This revival has been further buoyed by the introduction of spot Bitcoin exchange-traded funds (ETFs) and growing anticipation of the halving, an event occurring every four years that reduces the reward for mined blocks,…
Coinbase CFO Paul Grewal has asserted that “Ethereum is a commodity.” This claim is not without merit; the characteristics and the use of Ethereum in the digital asset space do somewhat align with the typical attributes of a commodity. Ethereum serves as “fuel” for decentralized applications and smart contracts, rather than representing an investment in an enterprise, which is a critical distinction in the security vs. commodity debate. Additionally, the Commodity Futures Trading Commission (CFTC), which regulates U.S. commodity trades, has previously suggested that it sees Ethereum as a commodity. The backdrop to this conversation is the recent lawsuit filed…
Solana was created in 2017 as a blockchain platform for scalable, decentralized applications. This project is now managed as an open-source initiative by the Geneva-based Solana Foundation, with Solana Labs in San Francisco building the blockchain. Solana’s design integrates a decentralized clock with a network of nodes that validate transactions in parallel to remove obstacles and enable linear scalability as the network expands. In this article, detailed information about Solana is provided. Read on to learn more! Breaking Down the Basics Solana’s lightning-fast transaction speeds are one of its most unique qualities. Solana uses a special mix of technology, unlike…
New powers that will make it easier for law enforcement agencies to seize crypto come into effect on Friday. The U.K. passed a crime bill last year to aid crypto seizures, allowing law enforcement agencies to seize funds before making arrests. New powers that will help law enforcement agencies seize crypto used for crime came into effect on Friday, the U.K Home Office said in a press release. As a result of these new rules, police in the country will no longer be required to make an arrest before seizing crypto holdings, the Home Office announced. The new rules came…