Author: NBTC
DWF Labs is doubling down on its bets in the broader crypto ecosystem amid ongoing market strain. The investment giant aims to continue to fund innovative projects as the market evolves overall. DWF Labs, a Web3 investor and market maker, says it will continue on its growth strategies despite current struggles in the market. The market maker has promised to be more dynamic and robust as it continues with its ongoing expansion initiatives. DWF Labs Web3 Expansion Plans As revealed in a press release shared with Crypto News Flash, DWF seeks to become the most preferred liquidity partner amongst users.…
Hong Kong legislator Johnny Ng has called for an expansion of virtual bank services to address hurdles faced by web3 startups in the region. Hong Kong should embrace a more crypto-friendly approach by expanding virtual banking services as web3 startups face ongoing hurdles in accessing financial services, Johnny Ng, a member of the Legislative Council of Hong Kong, said in an X post on Aug. 9. 香港金融管理局早前發表虛擬銀行報告。我對於過去特區政府幾年支持銀行業服務升級和虛擬銀行發展表示讚賞，但同時我的團隊做了一個關於Web3公司對香港銀行服務的意見，調查表示，Web3公司出現開户難情況，導致不能有效地發展業務。因此，我今天記者會提出：1.… pic.twitter.com/srDiDOhvwC — Johnny Ng 吴杰庄 (@Johnny_nkc) August 9, 2024 Ng emphasized the need for virtual banks to diversify their services and proposed the establishment of dedicated crypto-focused banks, referring to a report by…
Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates a persistent downtrend with bitcoin recording consistent lower highs and lows, recently touching $63,501. Trading volume remains low, reflecting weak momentum. Traders may consider entering around $63,000 to $63,500 if a reversal with increased volume is observed, targeting an exit near the resistance level of…
Secure, Transparent Battery Data TL;DR:IOTA and Eviden are partnering on the Eviden Digital Passport Solution (EDPS), one of the first Digital Product Passports to hit the market. EDPS tracks the lifecycle, carbon footprint, and sustainability of automotive batteries using IOTA technology. This partnership aims to scale up the solution for various DPP use cases, fostering long-term collaboration and expertise in DLT, while exploring new applications for IOTA’s technology in areas like global digital trade, Self-Sovereign Identity, and data monetization. IOTA and Eviden are partnering on the Eviden Digital Passport Solution (EDPS), “Powered by IOTA”. As one of the first ready-to-use…
While Montenegro continues to flip-flop on where — or even if — to extradite Do Kwon, it appears that the crypto scammer is managing to single-handedly rip the Balkan nation apart. Most recently, the former minister of justice, Andrej Milovic, accused current prime minister, Milojko Spajić, of purposely attempting to have Do extradited to South Korea instead of the United States for his own selfish reasons. Milovic said, “Prime minister Milojko Spajić and his close friend lawyer Goran Rodić, Do Kwon’s defender, are trying in every way to prevent Do Kwon’s extradition to the USA, in order not to stop…
According to Lookonchain, a smart trader has made significant profits from trading Bitcoin (BTC) twice in the past year. His total earnings exceed $30 million. Recently, he deposited all 660 , valued at approximately $42.85 million, into Binance for profit. What a smart money!He traded $BTC 2 times in the past year and made money every time, making more than $30M in total!5 hours ago he deposited all 660 $BTC($42.85M) to Binance for profit.Bought 718 $BTC at $29,385 from Aug 9 to Nov 2, 2023 and sold at $41,953 from Dec 15 to… pic.twitter.com/gRP26LbAXS — Lookonchain (@lookonchain) June 21, 2024…
ShibaCon 2024 marks Shiba Inu’s inaugural global conference, set in Bangkok alongside DevCon. Lead developer Shytoshi Kusama announced the event, emphasizing community and innovation. The conference aims to showcase Shiba Inu’s tech advancements and foster global community engagement. Shytoshi Kusama, the lead developer of Shiba Inu, has announced the inaugural ShibaCon 2024. This event, scheduled for Bangkok has generated excitement among the Shib Army and demonstrates Shiba Inu’s ongoing development and commitment to social responsibility. #SHIBARMY rejoice! The inaugural ShibaCon is coming to Bangkok! Celebrate our fantastic community & project growth with discussions on tech, ecosystem & future plans. Stay…
The new U.S. tax form for crypto investors’ brokerage accounts is out, and it’s been narrowed in significant ways from an earlier version. Crypto’s 1099 form will “bring more ease and clarity” for those paying U.S. crypto taxes, according to IRS officials. The U.S. Internal Revenue Service (IRS) has released an updated draft version of the tax form crypto brokers and investors will use to report proceeds from certain transactions, the 1099-DA. Beginning in 2026, crypto investors who use brokers – which, for now, largely means centralized crypto exchanges like Coinbase and Kraken – will receive the 1099-DA from those…
As the price of Bitcoin (BTC) continues to lean bearish and stagnate around the $64,000 mark, far beneath the all-time high (ATH) achieved in March this year and just above a critical demand zone, on-chain activity has faltered alongside, and total Bitcoin transaction fees have plummeted by over 60%. Specifically, the total transaction fees on Bitcoin’s network have experienced a significant decrease of a staggering 64%, bringing down the figure to $19.2 million, according to the data shared by blockchain and cryptocurrency analytics platform IntoTheBlock in an X post on June 21. Indeed, Bitcoin transaction fees typically reflect activity on…
At Tether, we remain dedicated to fostering a robust and innovative blockchain ecosystem for USD₮ and all other tokens we issue. This commitment drives us to continuously assess our transport layers, ensuring a balance between maintainability and usage while prioritizing community interest. Community input is crucial in our decision-making process for deploying Tether tokens on specific blockchains. In deciding whether to support a blockchain, we evaluate network security, support for customers, compliance with regulatory requirements, and regulatory oversight to seek to ensure user safety, usability, and sustainability. In doing so, our priority is to allocate resources where they can best…