Author: NBTC
David Schwartz, Ripple’s chief technology officer (CTO) and one of the creators of the XRP Ledger and XRP token has published a post in which he sent a critique at the Fed Reserve and its chairman for laying sanctions on United Texas Bank over its operations with cryptocurrency users. This bank is a member of the Fed Reserve System and the Fed issued it with a “cease ad desist” order. Fed takes dig at Texas bank David Schwartz commented on an X post published by Dennis Porter, president and co-founder of Satoshi Action Fund. The latter shared a screenshot of…
PhronAI, a trailblazer in the blockchain industry, has released the first Layer-1 EVM blockchain with an artificial intelligence-based consensus mechanism. PhronAI has further advanced the design of AI-based blockchains by unveiling the world’s first internal AI-optimizing Layer-1 blockchain that uses the Proof-of-Learning (PoL) Consensus Mechanism. This feat places the company on an advanced blockchain technology level, accumulating over 1 million wallets and over 75000 transactions a few weeks after launching. Incorporating internal AI technology improves the overgrown capacity of blockchain intelligence to increase in the future. PhronAI Revolutionizing Layer-1 Blockchains with Artificial Intelligence Visionary tech entrepreneurs Igor Bershadsky and Guillermo…
The Japanese government is drawing up plans to reduce the maximum tax rate on crypto transactions; lower it from 55% to a flat 20%. This change aims to address investor concerns and streamline the taxation of digital currencies in Japan. Crypto taxation: The #Japanese government is considering changing the current maximum tax rate of 55% for cryptocurrencies to a unified 20% tax rate in response to investor feedback. — MartyParty (@martypartymusic) September 3, 2024 The Financial Services Agency (FSA) of Japan has highlighted the need to reconsider the tax treatment of virtual currency transactions. In a recent tax reform request,…
The latest report on Hedera’s (HBAR) second quarter of 2024 (Q2 2024) performance estimates a 26% surge in revenue from $1.1 million in Q1 to $1.4 million in Q2. Despite the V0.49 upgrade, the report discloses that NFT activities saw a 56% decline in QoQ. A Messari report titled “State of Hedera Q2 2024” has comprehensively presented various crucial performances across Hedera’s (HBAR) ecosystem in the quarter, specifically focusing on market cap, revenue, daily transactions, etc. According to our report analysis, Messari captured the general performance of non-fungible tokens (NFTs) and gaming under a “Ecosystem Overview” section and highlighted some…
Today, thanks to the blockchain and the innovation of the Italian startup Takyon, the experience of a gondola ride in Venice will never be the same. Takyon has launched a new booking model based on digital ownership that allows you to buy and resell bookings for experiences like a gondola ride. In collaboration with the association of gondoliers of Venice, this innovation represents a turning point in the Venetian tourism industry. Takyon: the revolution of gondola bookings in Venice through blockchain The advantages of blockchain for tourism Conclusion: an experience in gondola in Venice between tradition and blockchain innovation Takyon:…
Bitcoin (BTC) has just formed its first death cross of 2024, a technical pattern that typically indicates bearish momentum. A death cross happens when a short-term moving average, usually the 50-day moving average, crosses below a long-term moving average, such as the 200-day moving average. In the case of Bitcoin, the 50-day simple moving average (SMA) has crossed below the 200-day SMA, indicating a death cross on its daily charts. The last time Bitcoin experienced a death cross was in September 2023. However, the bearish sentiment was short-lived, as Bitcoin quickly formed a golden cross in October 2023 — just…
Ethereum price is attempting a recovery wave above $2,420. ETH must clear the $2,500 resistance to continue higher in the near term. Ethereum is attempting a recovery wave from the $2,320 zone. The price is trading below $2,480 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $2,430 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,500 resistance to continue higher in the near term. Ethereum Price Faces Resistance Ethereum price extended losses below the $2,400 level. ETH even traded below the $2,350…
The crypto market witnessed noteworthy outflows from prominent Ethereum and Bitcoin ETFs on September 2, indicating likely changes in market strategy and investor sentiment. September 2 was the first trading day of this month. A popular on-chain analytics provider Lookonchain disclosed that the massive outflows from $BTC and $ETH ETFs indicate the wider market apprehensions or institutional investors’ profit-taking strategies. The on-chain analytics firm disclosed the current ETF position on social media. Sept 2 Update:10 #Bitcoin ETFsNetFlow: -795 $BTC(-$46.53M)🔴#Grayscale(GBTC) outflows 392 $BTC($22.96M) and currently holds 226,862 $BTC($13.29B).9 #Ethereum ETFsNetFlow: -861 $ETH(-$2.17M)🔴#Grayscale(ETHE) outflows 2,237 $ETH($5.63M) and currently holds 1,807,366… pic.twitter.com/S2Y59qrZ0G —…
In a major step forward for the tokenization of real-world assets (RWA), Xalts has teamed up with the Tezos Foundation to simplify and accelerate blockchain application development for enterprises. This collaboration integrates Xalts’ RWA Cloud with Tezos’ Layer 2 solution, Etherlink, creating a fast, low-cost pathway for institutions, governments, and financial services to tokenize everything from funds and commodities to digital currencies.—A Seamless Solution for Enterprise Blockchain AdoptionThe Xalts-Tezos partnership is designed to lower the barriers for large institutions looking to adopt blockchain technology. Xalts’ RWA Cloud, an enterprise application platform, now supports Etherlink—a non-custodial Layer 2 blockchain powered by…
Wrapped Bitcoin (WBTC) was the focus of the cryptocurrency community recently, especially about Justin Sun’s possible impact. There has been a lot of conjecture regarding the future of WBTC since BitGo announced that it intends to hand over control of the cryptocurrency to a joint venture with BiT Global. Instead of continuing with the current U.S.-based arrangement, custody will now be split between places like Singapore and Hong Kong. Justin Sun has made it clear what his position is in the WBTC ecosystem in spite of these adjustments, stating that it is solely strategic. He claims that the private keys…