Author: NBTC
Advocates for long-awaited U.S. stablecoin legislation tried to tie it onto an unrelated must-move reauthorization bill, but leaders in the Senate and House of Representatives are seeking to keep that effort clear of such attachments, according to a Democratic aide. U.S. lawmakers had been engaged this week in serious conversations about whether to jam a stablecoin regulation amendment onto the Federal Aviation Administration reauthorization legislation, which is approaching a deadline. Such efforts to use that bill for other business were rebuffed by leaders favoring a so-called clean bill, so the leading stablecoin negotiation between House Financial Services Committee Chair Patrick…
Solana Labs announced a collaboration with Google Cloud on Thursday to bring its blockchain game development platform GameShift to Google Cloud’s ecosystem, aiming to drive mainstream adoption of blockchain technology in gaming. GameShift abstracts away blockchain complexity by providing game developers an easy-to-use API for seamless user onboarding on Solana, along with in-game digital asset minting, branded in-game NFT marketplaces, credit card payments and payouts, and more. With Google Cloud integration, Solana developers will more easily be able to use GameShift to deploy their blockchain games using the tech giant’s cloud infrastructure. A Google Cloud representative confirmed to Decrypt’s GG…
Bitcoin’s price drop triggers FUD, signaling potential market recovery. Significant whale movements and Bitcoin ETF trends shape market sentiment. The cryptocurrency market finds itself gripped by fear, uncertainty, and doubt as the bears tighten their grip on prices. Bitcoin, the bellwether of the crypto world, plummeted to a low of $63.4K, triggering anxiety among traders. Social media platforms are witnessing a scarcity of buy calls while sell signals surge, painting a bleak picture for short-term prospects. The global crypto market cap has undergone a 1.50% decline in the last 24 hours, settling at $2.33 trillion. This downward trend extends to…
The recent actions by the Department of Justice (DOJ) against non-custodial crypto wallet developers have sparked controversy and concern within the cryptocurrency community. According to Coin Center, these charges mark a significant shift from previous U.S. policies regarding money transmission, potentially impacting the liberty and privacy rights of developers and users alike. Coin Center: DOJ Enforcement Challenges ‘Long-Standing U.S. Policy on Money Transmission’ The DOJ’s decision to criminally charge wallet developers for unlicensed money transmission, despite no actual control over user assets, represents an alarming move away from longstanding government policies. According to Peter Van Valkenburgh, director of research at…
The recent appearance of BitNote on the Avalanche C-Chain is a significant foray into blockchain research, given that it is one of the novel technologies. Such a unique and groundbreaking dApp is setting new and different rules for handling personal information and security in motion. It ensures that the user is given an assured way to keep and share critical information, which consists of passwords and confidential notes; the blockchain platform also provides advanced end-to-end encryption directly on the platform. BitNote’s unique approach tackles a common issue that individuals encounter on a daily basis: restriction of disclosure of personal and…
The Depository Trust & Clearing Corporation (DTCC), which handles the settlement of most securities transactions in the United States, has announced changes to collateral valuation that will be implemented starting April 30, 2024. DTCC has made it clear that it will not provide collateral or extend loans for exchange-traded funds (ETFs) that involve Bitcoin or other cryptocurrencies. DTCC will not allocate any collateral for BTC ETFs The introduction of spot Bitcoin ETFs has sparked increased attention from institutional investors in this investment product. In just three months since their launch, the U.S. Bitcoin ETFs have accumulated an impressive $12.5 billion…
Key takeaways: Our investing strategy involves long-term holding of quality crypto assets. (Read more about our investing approach and results.) We can earn additional income by using staking products – like investing in interest-bearing accounts. (Read more on How to Stake.) One of the most user-friendly staking products is Coinbase Earn, which allows users to stake multiple tokens in just a few clicks. (Here’s how to set it up.) Coinbase staking rewards can fluctuate based on the demand for staking on the underlying protocol. In this piece, we list the best staking rates for Coinbase Earn, so you can see…
While there are tremendous increases in Bitcoin (BTC) and altcoins during bull rallies, mem tokens are undoubtedly the area of most interest to investors. At this point, while meme tokens such as Dogecoin (DOGE) and Shiba Inu (SHIB) have made a name for themselves with their performances in bull rallies, it seems that they will also be the center of attention in the 2024-2025 bull. Because Messari Research Vice President Maartje Bus said that mem tokens have the opportunity to introduce crypto to a wider audience. Speaking at the BUIDL Asia conference in Seoul, Bus noted that meme tokens could…
Authorities in Spain have arrested cryptocurrency entrepreneur Roger Ver, once known as “Bitcoin Jesus,” after the U.S. Department of Justice charged him with tax evasion. Unsealed Monday, the indictment alleges that Ver evaded paying taxes to the tune of nearly $50 million, conducted mail fraud, and filed false tax returns. The DOJ says in its indictment that Ver allegedly lied to the Internal Revenue Service (IRS) about how much Bitcoin he and his companies really owned. According to the feds, Ver was expected to file tax returns that reported capital gains from the sale of his “worldwide assets.” These assets…
Layer-1 blockchain Nibiru Chain today announced its strategic expansion into the Asia market by appointing Yura Nam and Nicholas Lo to spearhead growth and business development in the region. Nam is the former Head of StarkNet Asia, while Lo is filled the role of APAC Growth Manager at Yuga Labs. “We’re excited to welcome Yura and Nicholas to the team, bringing their vast expertise and in-depth knowledge of the Asian Web3 ecosystem and markets to strengthen Nibiru’s position in the region even further,” stated Jonathan Chang, COO of Nibiru Chain. “Nicholas and Yura’s combined experience will support Nibiru in incorporating…