Author: NBTC
Blockchain solutions pioneer Blubird and disruptive technology leader Beyond Enterprizes have launched a transformative partnership that can potentially alter the blockchain innovation landscape. Beyond is positioned as an incubator partner as a result of this innovative collaboration, which aims to encourage and accelerate the development of emerging blockchain enterprises. As a result of this collaboration, Blubird becomes a significant technology supplier, supplying state-of-the-art technologies on the back of the projects that Beyond incubates. Blubrid brings a multitude of experience and knowledge to the table in creating a reliable blockchain solution. It has established itself as a reliable partner for businesses…
A recent surge in the computing power on the Bitcoin blockchain has sped up the creation of new blocks as mining companies seek to cash in on the bullish trends in the market. Miners are bringing new, more powerful rigs online and even plugging in older machines again, pushing up the network computational power known as the “hashrate.” History appears to be repeating itself: A similar dynamic played out four years ago in the months before the last halving, which came earlier than expected. The crypto world is eagerly awaiting next month’s bitcoin “halving” – the once-every-four-years event when the…
Liquidus Finance, a well-known DeFi platform has recently started a new partnership with a decentralized exchange Kyber Network. The collaboration reportedly pays significant attention to the integration between the two entities to improve the trading efficiency to facilitate consumers. Liquidus took to its official X account and announced the respective development. 🚀 Exciting News! #Liquidus partners with @KyberNetwork ! 🌐 Liquidus Router now integrated into Kyberswap’s aggregator, enhancing trade efficiency.🔄 Swap on Liquidus for the best rates, powered by Kyberswap. https://t.co/53TRfOk9kl — Liquidus (@LiquidusFinance) April 7, 2024 The Latest Partnership Between Liquidus and Kyber Enhances Trade Efficiency In addition to…
Russian fintech firms have begun joining the country’s digital ruble pilot, as the Central Bank looks to widen the scope of its CBDC project. Per the Russian media outlet Cnews, SimbirSoft and Sinara Lab will help the Central Bank and its banking partners “implement the digital ruble software products in online and mobile banking applications.” Russian Fintech Startups Join Digital Ruble Pilot The move appears to indicate that Moscow may be taking cues from the Chinese central bank’s CBDC playbook. The digital yuan has been successfully integrated with the banking platforms of several state-owned banks, as well as neobanking firms.…
Quick Take The Bitcoin network is experiencing a remarkable surge in its hash rate, a crucial metric that reflects the computing power dedicated to processing transactions and maintaining the blockchain. According to the latest Glassnode data, the 7-day moving average hash rate has reached an astonishing 620 EH/s, nearing all-time highs. Notably, the upcoming difficulty adjustment, scheduled for Apr. 10, is projected to exceed 3%, according to Newhedge, further reflecting the growing computational power securing the network. This adjustment is particularly significant as it precedes the much-anticipated Bitcoin halving event scheduled for Apr. 20, where the block reward for miners…
Polygon Labs CEO Marc Boiron believes that the intense rivalry between Ethereum layer-2 networks is the “biggest problem” facing the second-largest digital asset by market capitalization. In an April 7 post on social media platform X, Boiron emphasized how the competition between these networks has led to Ethereum cannibalizing itself continuously. He explained: “Ethereum’s biggest problem is cannibalizing itself continuously via all L2s competing over devs, users and liquidity rather than competing outside of the Ethereum ecosystem. Microeconomics 101 would tell you this is a bad strategy. I don’t have the answer but it needs to be addressed.” Several crypto…
Mark Yusko, a renowned hedge fund manager, has offered a rare glimpse into the sophisticated mechanisms by which exchange-traded funds (ETFs) manipulate the price of Bitcoin. This manipulation is not a novel occurrence but a longstanding practice entrenched in Wall Street’s history and adapted to the cryptocurrency market. How ETFs Manipulate the Price of Bitcoin At the core of Yusko’s analysis is the strategic manipulation of Bitcoin. This practice echoes the age-old Wall Street scheme of depressing prices to buy low. Specifically, Yusko details how entities may drive down Bitcoin prices through negative sentiment or direct market action, only to…
1inch Network, a decentralized exchange (DEX) aggregator, has unveiled a crypto debit card with developer Baanx, powered by Mastercard. Baanx’s “Crypto Life” card is also used by crypto storage firm Ledger. Getting deeper into Web3, Mastercard was recently reported to be working with the Ethereum wallet Metamask. Decentralized exchange (DEX) aggregator 1inch Network has created a Web3 debit card in partnership with crypto card developer Baanx and powered by payments giant Mastercard, the companies said on Tuesday. The 1inch Card will allow users to use their crypto for online and in-person purchases and make cash withdrawals at supported ATMs through…
South Korean tax officials in the city of Pohang are set to seize cryptoassets from 5,208 residents who failed to pay local taxes. The move is part of a national crackdown. The drive saw tax officials seize almost $29 million in coins and fiat in 2023. Per Kyungbuk Shinmun and Daegu Shinmun, the individuals have all evaded local tax bills worth $370 or above. On April 7, the city’s Nam Gu (Southern District) Office said the move was part of its “2024 Local Tax Arrears Collection Comprehensive Plan” drive. South Korea Tax Crackdown Could See Coins Liquidated Nam Gu officials…
Velo, in partnership with its partner Lightnet, today announced a ground-breaking partnership with the Solana Foundation to pioneer digital gold transactions in Laos. Through the signing of a Memorandum of Understanding (MOU), Solana Foundation will serve as the blockchain settlement layer. On the other hand, Velo will act as the backbone infrastructure layer and the designated clearing house for Laos’ digital gold transactions. 🚨 Game Changer Alert!Velo & Solana Foundation are redefining digital finance for Laos’ 7.7 million people 🎉 We’re thrilled to announce our partnership to create a state-of-the-art clearing house for Laos’ Digital Gold transactions!Get ready for ultra-secure,…