Author: NBTC
According to Osman Kabaloev, the Deputy Director of the Financial Policy Department at Russia’s Ministry of Finance, the recognition of Bitcoin mining as an official economic activity is set to happen soon. Following the approval of a law regulating cryptocurrency mining, this activity would be assigned an OKVED code, which classifies company activities for licensing purposes. Russia to Recognize Bitcoin Mining With Economic Activity Code According to local sources, the Russian government is set to recognize bitcoin mining as an economic activity soon. Osman Kabaloev, deputy director at the Ministry of Finance’s financial policy department of Russia, stated that the…
MultiversX has surpassed Decentraland in development activity, positioning it as a leading blockchain gaming platform. The surge in development activities reflects a robust commitment to innovation within the MultiversX ecosystem. Following the disturbing news of a $4.6M hack that compromised Ethereum’s gaming platform, as reported by CNF, a new leader has emerged in the blockchain gaming world. MultiversX has taken the lead over the Ethereum-based virtual reality platform Decentraland, showcasing a significant evolution in blockchain gaming dynamics. Innovation at the Forefront According to a recent tweet by Santiment, a market intelligence platform, MultiversX has now surpassed Decentraland in terms of…
Today, the Human Rights Foundation (HRF) announced its most recent round of Bitcoin Development Fund grants at the Oslo Freedom Forum, per a press release sent to Bitcoin Magazine. 10 bitcoin, currently worth $704,740 at the time of writing, is being granted across 13 different projects around the world. The funds will be used to advance education for people living under authoritarian regimes, privacy and Lightning Network development, decentralized communications, and providing nonprofits and human rights groups with easier onramps to financial freedom tools, according to the release. The HRF’s main areas of focus with this round of grants is…
Corporate customers may now manage their assets by linking their corporate bank accounts. Many consumers are still hesitant to use e-CNY owing to technical and privacy concerns. HSBC firm’s China subsidiary has begun providing e-CNY services to corporate clients, the firm said. This makes HSBC the first international bank in China to provide services related to the digital currency of the central bank, offering these services to both retail and corporate clients. The People’s Bank of China issues its digital currency, the e-CNY, which is also called the digital yuan. It is a digital currency that aims to replace a…
Fidelity International has selected JPMorgan’s Onyx Digital Assets blockchain to tokenize a money market fund. The move means improved efficiency in delivering margin requirements and a reduction in transaction costs and operational risk, Fidelity International said. Fidelity International, a London-based funds management firm, has tokenized shares in a money market fund (MMF) using JPMorgan’s Ethereum-based private blockchain network, Onyx Digital Assets. Tokenization occurred near instantaneously through connectivity between the fund’s transfer agent (JPMorgan’s transfer agency business) and Tokenized Collateral Network, an application that sits between a collateral receiver and a collateral provider on the bank’s Onyx blockchain, said Fidelity International,…
Bitcoin’s price seems to be on the verge of creating a new all-time high, as only one significant resistance zone is standing in its way. Technical Analysis By TradingRage The Daily Chart The price has been tested to the higher boundary of the large descending channel and the $69K resistance level in the daily timeframe. If it successfully breaks this zone to the upside, the market can run toward the $75K ATH and even create a new record high. With the Relative Strength Index also showing values above 50%, the momentum is in favor of a bullish continuation and it…
Galaxy Digital price target raised to C$23 from C$17 at Canaccord. The crypto financial services firm is well positioned to benefit from the continued adoption of digital assets, the report said. The company’s mining assets could appreciate in value if the AI trend continues, the broker said. Galaxy Digital (GLXY) is well positioned given its strong institutional exposure to benefit from the continued adoption of digital assets on a structural basis, broker Canaccord Genuity said in a research report on Monday raising its price target for the crypto financial services firm. Canaccord raised its Galaxy price target to C$23 from…
The on-chain token mint for the viral Telegram-based game Notcoin was originally expected to take place on or around the same date as the Bitcoin halving, but that’s no longer the case. Notcoin representatives confirmed to Decrypt’s GG that the token launch, which will take place on The Open Network (TON), will no longer occur on April 20, the expected date when the Bitcoin halving will occur in the UTC time zone. The Bitcoin halving is the quadrennial event in which the amount of BTC earned by miners is cut in half, thus slowing the growth of the token supply.…
Stanford, CA – Data availability network 0G has announced the release of Testnet Newton v2, a significant step forward in its mission to democratize AI services. This latest version introduces a suite of new features, stability improvements, and security enhancements, building upon the successes of the first iteration.—Testnet Newton v2 operates as a Cosmos-based proof-of-stake chain, designed to provide greater scalability and interoperability. The update introduces new modules for data availability services and committee systems, ensuring consistent high performance and reliability. These modules guarantee data accessibility, thereby significantly enhancing the network’s efficiency and functionality.Other notable additions include improved monitoring capabilities…
While the buzz surrounding the metaverse has definitely died down, some big brands are still rolling out exciting new virtual worlds. Back in October 2021, Mark Zuckerberg made a huge announcement: Facebook was going to rebrand as Meta. This was driven by his vision that the metaverse represented the tech giant’s future — virtual worlds where people would work and play. But it’s been a turbulent journey for the social network, which also owns Instagram and WhatsApp. Billions upon billions of dollars have been poured into building its metaverse, with little to show for it. That aggressive investment continues. Reality…