Author: NBTC
Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed. Speaking to the Russian media outlet Izvestia, Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, said that “nations” were “exploring the use of DFAs and central bank digital currencies.” Mohsen claimed that CBDC-powered “options” could “simplify trade” between Tehran and Moscow. Iran and Russia: ‘There’s a Need to Create Regulations for CBDC Trade’ The attaché stated that CBDCs, including the digital ruble and Iran’s project, the so-called crypto-rial, could “potentially mitigate the impact of sanctions.” Russia has been…
Circle has announced the integration of its USDC stablecoin natively into the zkSync ecosystem. The integration marks a progressive step in enhancing liquidity and usability within zkSync, a layer 2 scaling solution for Ethereum (ETH) that leverages zero-knowledge proofs for increased efficiency and reduced costs. According to the latest blog post from Circle, “The forthcoming native USDC on zkSync is set to usher in a new era of seamless transactions and integration capabilities for developers and institutional users alike. USDC, issued by Circle, will be native to zkSync and is the official form of USDC for the zkSync ecosystem.” The…
Jan3 boss Samson Mow has taken to X to comment on the arrest of Roger Ver – Bitcoin’s “original gangster” who switched to supporting BTC hardfork Bitcoin Cash in 2017. Roger Ver arrested in Spain An early BTC supporter known as “Bitcoin Jesus,” Roger Ver, has been arrested in Spain on charges of avoiding major tax payments to the U.S. IRS. Ver was taken into custody over the charge of causing a loss to the Internal Revenue Service of $48 million, minimum. In 2017, Ver sold a whopping $240 million worth of Bitcoin from his companies and paid no tax…
Prominent global crypto exchange KuCoin is rolling out its 27th Spotlight Token Sale, an initial exchange offering (IEO) that showcases Lifeform (LFT), an innovator in decentralized digital identity (DID) solutions. The exchange communicated this development in a statement on Thursday via its official website. The upcoming Spotlight event will include Lifeform’s token sale, which has a hard cap of $150,000 USDT. Notably, the sale will offer 5,000,000 LFT tokens, which will be distributed among 3,000 winning lottery tickets. Starting on May 6, at 10:00 UTC and running until May 12, 2024, at 16:00 UTC, KuCoin will capture hourly snapshots of…
Recently, Prom achieved a major milestone in its development by integrating NEAR’s Data Availability to its ecosystem. Prom’s decision to integrate DA addresses one of the prominent difficulties in blockchain architecture. In addition to this, it also opens the floodgates for Prom’s rollup developers to have access to exceptional scalability opportunities. Prom Integrates NEAR Data Availability Into the EcosystemWe are excited to announce another strategic integration: we’re implementing @NEARProtocol DA solution to unlock scalability opportunities for rollup developers into our ecosystem.NEAR’s Data Availability solution… pic.twitter.com/EikoFa4bVk — Prom (@prom_io) May 3, 2024 NEAR’s DA Solution Empowers Prom Ecosystem Developers NEAR’s DA…
Michael Saylor, founder and former CEO of MicroStrategy giant (and currently its chairman) has taken to the X social media network (previously known as Twitter) to share a key Bitcoin message with his audience. This is yet another his daily Bitcoin tweet accompanied by an AI-generated image but today he indeed posted a “key” BTC tweet. It says – “Bitcoin is the key.” #Bitcoin is the Key. pic.twitter.com/Rf8zP93iV2 — Michael Saylor⚡️ (@saylor) April 27, 2024 Many of his followers eagerly responded to that, providing supportive comments, and confirming that for them the world’s pioneer cryptocurrency is indeed the key to…
NodeMonkes surged to the top of the non-fungible token (NFT) market on Thursday with over US$1.62 million in sales. The sales spike on Thursday pushed NodeMonkes’ all-time sales volume to US$210.72 million, as it flipped $SATS BRC-20 NFTs to become the top Bitcoin collection. NodeMonkes also snapped a six-day streak of under US$1 million in sales after recording US$934,294 the day before, CryptoSlam data shows. The second-highest performing collection of the day is CryptoPunks, with a daily sales volume of US$1.33 million, a 488% leap from the day before. CryptoPunks’ all-time sales volume now stands at an impressive US$2.82 billion…
While a few whales are dumping ETH following its recent price decline, exchange supply data shows most investors are bullish. Hong Kong spot Bitcoin and Ethereum ETFs underperform issuers’ expectations on the first day of trading. Ethereum liquidations have exceeded those of Bitcoin. Ethereum (ETH) experienced a further decline on Tuesday following a disappointing first-day trading volume for Hong Kong’s spot Bitcoin and ETH ETFs. This comes off the back of increased long liquidations and mixed whale activity surrounding the top altcoin. Read more: Ethereum erases weekend gains as yearlong SEC investigation comes to light Daily digest market movers: Whale…
Coinbase, the premier US crypto exchange, surpassed Wall Street predictions significantly. It reported a net income of $1.18 billion, or $4.40 per share, in the first quarter of 2024. This remarkable achievement contrasts sharply with the prior year’s loss of $78.9 million, or 34 cents per share. Notably, this quarter marks the company’s first profit in two years, a milestone revealed in February. Coinbase Releases Q1 2024 Report The substantial net income includes a $650 million mark-to-market gain on crypto assets. This gain follows the adoption of updated accounting standards by Coinbase. The total revenue increased 72%, quarter-on-quarter, hitting $1.6…
Biconomy (BICO) altcoin, the largest Account Abstraction provider in the web3 space, has secured strategic funding from leading web3 venture capitalists, according to its official statement. Jump Capital, Borderless Capital, Consensys Ventures, Taisu Ventures, Manifold Trading, Side Door Ventures and Blockchain Founders Fund participated in the financing round. Notable angel investors in the round include American entrepreneur and investor Balaji Srinivasan and Selini Capital founder Jordi Alexander. Aniket Jindal, co-founder of Biconomy, said in his statement about the development: “Successfully completing this significant investment round proves the power and promise of our vision to empower web3 developers to drive mass…