Author: NBTC
Kazakhstan’s financial watchdog is set to implement new restrictions that would require banks to automatically deny banking transfers to overseas crypto exchanges. The Agency of the Republic of Kazakhstan for Regulation and Development of Financial Market, which oversees the country’s financial sector, is considering new measures that would require banks to deny transfers to overseas crypto exchanges that have not registered with the local financial center. According to a Wednesday report from Russian state-led news outlet TASS, in addition to transfer limits to crypto exchanges, the regulator’s draft also proposes restricting transactions involving online casinos and forbidding operators from accepting…
In a significant move towards adoption of cryptocurrency, Garanti BBVA, the second largest bank in Turkey, has expanded its crypto mobile app to include support for XRP. The bank, which boasts consolidated assets of approximately $76 billion disclosed this development on its official website. 🚨 BREAKING: GARANTI BBVA, THE SECOND-LARGEST PRIVATE BANK IN TURKEY HAS EXPANDED ITS CRYPTO MOBILE APP OFFERING TO INCLUDE #XRP 🇹🇷https://t.co/2VNFCVNsju pic.twitter.com/9dH5GdFOvZ — 𝓐𝓶𝓮𝓵𝓲𝓮 (@_Crypto_Barbie) September 26, 2024 Reaction from Ripple (XRP) Community The announcement drew attention from XRP community and WrathofKahneman on X post stated that Garanti BBVA is committed to integrating new cryptocurrencies into…
Italy is preparing to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42%, according to Deputy Finance Minister Maurizio Leo, who shared the news during an Oct. 16 conference. Leo explained that as cryptocurrencies, particularly Bitcoin, gain popularity, the government anticipates raising the withholding tax rate from its current 26% to 42%. According to a translation of his statement: “As this phenomenon (bitcoin) is spreading we expect the withholding tax to increase from 26% to 42%.” This proposed tax hike could position Italy among the countries with the highest crypto taxation globally. Meanwhile, this new tax plan…
Crypto payments firm MoonPay is partnering with Ripple to bring direct XRP purchases to its customers. MoonPay shared news of the partnership on X on Oct. 16, noting that its customers can now “buy, manage and store” the XRP (XRP) cryptocurrency right within their MoonPay accounts. XRP joins other popular crypto assets that MoonPay users can buy and sell directly from the app, including Bitcoin (BTC), Ethereum (ETH) and the stablecoin Tether (USDT). The app also allows customers to swap certain cryptocurrencies, including across chains. Read more: Ripple backs $25m round for crypto platform Bitnomial Users can buy crypto using…
On September 27th, several cryptocurrencies experienced significant gains, reflecting a positive shift in market sentiment. Among the standout performers, Smart Layer Network ($SLN) topped the list with an impressive increase of 104%, according to Phoenix, a crypto media outlet. This surge can be attributed to growing interest from investors and positive developments within its platform. Top 7 Gainers of the Day – Sep 27th@SmartLayer $SLN +104%@zkLink_Official $ZKL +68.5%@Wolf0x67 $WOLF +65.6%@Reef_Chain $REEF +34.7%@aerodromefi $AERO +28.9%@zerolendxyz $ZERO +26.2%@QORPOworld $QORPO +26.1% pic.twitter.com/bqmwmjlBhU — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) September 27, 2024 Following $SLN, zkLink ($ZKL) Soars 68.5% Just behind $SLN, zkLink ($ZKL)…
Do Kwon has allegedly been able to make several crypto payments from a Montenegro prison after authorities took 72 days to seize his crypto wallet login details and various electronic devices. The disgraced Terra founder was arrested on March 23, 2023, but his electronic devices weren’t handed over to the investigating judge until June of that year, according to a report published by Portal ETV. An official from Montenegro’s Special Police Department told Portal ETV that laptops, mobile phones, crypto wallet login details, and “other codes for accessing the blockchain,” were all found during a search of prison detainees including…
Units Network has announced a partnership with AI Pepe King, a prominent figure in the Polygon ecosystem. This collaboration promises to deliver cutting-edge AI-driven customer service and community engagement. https://t.co/xbza47TsHk 🤝 @AIPepeKing Introducing our powerful new partner, 🐸 AI PEPE KING—offering cutting-edge AI Customer Service, powered by a Web3 Know-All bot! 🤖 Plus, they host the largest AI meme community on Polygon! 💪Together, our partnership is set to… pic.twitter.com/dA8V4ivZAM — Units.Network (@UnitsNetwork) October 14, 2024 Details of the Patnership The highlight of this partnership is the introduction of AI Pepe King’s advanced customer service solution powered by a Web3 Know-All…
The DeFi market is reportedly going to see huge progress in the coming time while many prominent tokens are ready for their planned unlocks. As per Phoenix, a popular crypto analytics firm, the big token unlocks of Hooked Protocol ($HOOK), dYdX ($DYDX), Save ($SLND), Self Chain ($SLF), Beta Finance ($BETA), Optimism ($OP), Maverick Protocol ($MAV), Worldcoin ($WLD), Yield Guild Games ($YGG) will likely influence the market dynamics. MAJOR UPCOMING TOKEN UNLOCKS #YieldGuildGames $YGG #Worldcoin $WLD #MaverickProtocol $MAV #Optimism $OP #BetaFinance $BETA #SelfChain $SLF #Save $SLND #dYdX $DYDX #HookedProtocol $HOOK pic.twitter.com/QORwh0dMTq — PHOENIX – Crypto News & Analytics (@pnxgrp) September 27,…
Every major political party in the UK ignored crypto in this year’s election campaign. Former Tory member of parliament (MP) and Crypto Parliamentary Group Chair, Dr. Lisa Cameron, has said if this happens again the parties will have failed voters. “I think for all parties, it’s something that is going to become more vital in this next election,” Cameron told Decrypt at Zebu Live. “I think any party that doesn’t have any mention of that in the next election will be doing local constituencies a disservice.” Over the past three years, Cameron has engaged with the crypto community in Britain…
JPMorgan said the combined hashrate of the publicly listed bitcoin mining stocks it tracks now accounts for a record 28.9% of the network hashrate. The bank noted that the network hashrate has risen 4% this month, while mining profitability inched higher. Mining stocks may offer an attractive trading opportunity heading into the U.S. election, the report said. The blended hashrate of the fourteen U.S.-listed bitcoin (BTC) mining stocks that JPMorgan tracks now accounts for a record 28.9% of the network hashrate, the investment bank said in a research report Wednesday. “The combined hashrate of the 14 U.S.-listed miners we track…