Author: NBTC
Japan’s Financial Services Agency (FSA) plans to reform the country’s crypto gaming regulations to help businesses better manage their crypto assets. According to reports in Japanese media, the financial regulator discussed establishing a framework and revising the existing Payment Services Act. Easing Restrictions for Crypto Gaming Companies The Financial System Council will overhaul existing laws to introduce new crypto-friendly gaming regulations. A working group within the agency will review and revise the current system to streamline the management of in-game cryptocurrencies. This will simplify regulatory procedures for corporations, encouraging more Japanese companies to enter the blockchain gaming market. Despite the…
Adam Back, known as an associate of enigmatic Bitcoin (BTC) creator Satoshi Nakamoto and even mentioned in the whitepaper of the first cryptocurrency, shared an ultra bullish prediction for the coming month. September ends with a gain of over 11.3% to the BTC price, and now many are expecting a continued celebration in October, known in the crypto community as “Uptober.” Back seems set for a green month ahead, as his latest post on X (formerly Twitter) states that he is preparing for the so-called “Uptober.” getting ready for uptober 🟩 — Adam Back (@adam3us) September 27, 2024 In support…
Partially state-owned $20 billion German bank Commerzbank has received acquisition interest from Italian lending giant, UniCredit. Executives for the two European companies are meeting for initial discussions tomorrow in what could be a significant move to advance crypto in European banking through Commerzbank’s partnership with Deutsche Börse. Specifically, a subsidiary of Deutsche Börse, Crypto Finance, is working with Commerzbank to offer bitcoin and ether trading for corporate customers in Germany. UniCredit has not yet proposed a formal bid for Commerzbank. It has, however, increased its equity stake to approximately 21% and has applied for regulatory approval to increase it up…
Cronos announces the zkEVM public mainnet (alpha) launch date set for August 15, expanding its blockchain ecosystem. The launch of Cronos zkEVM will enable users to connect wallets, bridge funds, and access numerous growing dapps. Cronos has officially announced that Cronos zkEVM will launch on the public mainnet (alpha) on August 15. This highly anticipated event marks a key milestone for Cronos, as its newest and most future-proof blockchain network is nearly set to launch. On August 15, users will be able to connect their wallets, bridge funds, and access a huge and quickly growing number of decentralized applications (dapps)…
South Korea’s financial regulator is ramping up oversight of the virtual asset market, warning of severe consequences for illegal transactions just two months after implementing new protective legislation. Cryptocurrency scammers can now spend life sentences behind bars if their illegal operations exceed $4 million. Financial Supervisory Service (FSS) Chief Lee Bok-hyun met with executives from 16 virtual asset operators today (Thursday), emphasizing the government’s commitment to enforcing the Virtual Asset Users Protection Act, which took effect on July 19. “The financial government will continue to successfully implement the virtual asset users act by carrying out its oversight,” Bok-hyun commented, quoted…
Bitcoin is up 22% since the Yen carry trade unwind on Aug. 5, while gold and the S&P 500 are up around 11%. Over 65% of the circulating bitcoin supply has remained unmoved for over a year. Almost all holders are in profit if they held for three years, while they are all in profit if they held for at least five years – Unchained. BlackRock released a report last week, titled “bitcoin as a unique diversifier.” The investment giant identified four key points from the report. First, how to analyze bitcoin (BTC) in relation to traditional financial assets due…
Nexo, a multi-product ecosystem of cryptocurrency products, joins Colombia Fintech Association underlining the company’s notable expansion into Colombia’s thriving blockchain market. Colombia Fintech Association welcomes Nexo as strategic member According to the official statement of Nexo, one of the leading digital assets institutions, it has become a strategic partner of Colombia Fintech Association. This decision was taken amid another phase of company’s expansion to Latin America. Nexo’s membership in the Colombia Fintech Association, which features over 360 innovative companies and 9,000 professionals, will enable deeper integration into the country’s dynamic financial ecosystem. Colombia’s burgeoning fintech scene — driven by a…
Ankr (ANKR) is attracting fresh attention despite the price being 3.7% down over the past week and 7% in the past month. The decentralized Web3 infrastructure platform has multiple key developments and potential bullish catalysts as the price hovers around the $0.025 level. Notably, ANKR has bounced from the lows of $0.020 reached on Aug. 5 as the crypto market sell-off pushed both Bitcoin (BTC) and Ethereum (ETH) to new multi-month lows. How has ANKR price performed in 2024? ANKR is the token that drives Ankr’s decentralized ecosystem. Other than governance, the token is key to the network’s transactions and…
The crypto gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase a few…
Bitcoin miners are finally catching a break after a sluggish September, with hashprice climbing 10.33% in the past 30 days. A solid 8.93% of that bump came within the last four days alone. Hashprice Jumps Nearly 9% in 4 Days: Bitcoin Miners Catch a Break as September Nears End On Aug. 29, 2024, mining revenues were lagging, with hashprice sitting at $42.98 per petahash per second daily. Fast forward to today, and the hashprice is 10.33% higher. For context, hashprice refers to the estimated daily earnings from 1 PH/s of Bitcoin’s hashpower. Miners have had a couple of boosts lately—a…