Author: NBTC

NFT providers may need to be registered with the Financial Conduct Authority, the Treasury said in a consultation on money laundering regulations. NFTs are unlikely to be covered by the rules for financial services, which will have a separate authorization regime. The deadline for responses is June 9. Crypto businesses that issue non-fungible tokens (NFTs) in the U.K. rather than providing financial services will probably need to register with the Financial Conduct Authority even after the government introduces a new authorization regime for the industry, according to a consultation on money laundering issued by the Treasury on Monday. The government…

IOTA plays a proactive role in aligning with European Identity Wallet regulations, emphasizing the framework’s foundation for compliant Self-Sovereign Identity (SSI) solutions. Impierce Tech, in collaboration with IOTA and other stakeholders, unveiled the UniMe Digital Identity wallet, aimed at meeting European Identity Wallet regulations. Last week, the European Parliament approved the legislation around Digital Identity Wallets with IOTA being an active contributor to this. Jelle Millenaar, CEO of Impierce Tech, a company specializing in building atop the IOTA Identity framework, has unveiled significant progress in aligning with European Identity Wallet regulations. Millenaar emphasizes the proactive approach taken by the IOTA…

Studio369, the indie game developer behind Ethereum action game MetalCore, announced on Tuesday that it raised $5 million in new funding to launch the PC game on the Immutable zkEVM scaling network. And the team has big plans on the short-term horizon. MetalCore is currently planned to launch in open beta in May, letting anyone hop in and play the combination of mech suit combat and boots-on-the-ground shooting action. And if the planned timing works out, the game will also launch its token around the same time. Studio369 CEO Matt Candler and CTO Dan Nikolaides shared the plans in a…

The daily Bitcoin (BTC) whale activity has declined while the market weathers extremely greedy sentiment. According to data provided by Santiment, the number of whale transactions consisting of at least $100,000 worth of BTC declined by 17.5% in the past 24 hours — falling from 24,313 to 20,048 unique transactions per day. BTC price, whale activity, funding rate, open interest and RSI – March 7 | Source: Santiment The decline in whale activity comes as the Bitcoin price recorded a 0.6% drop over the past 24 hours. The flagship cryptocurrency is trading at $66,750 with a $1.31 trillion market cap…

Bored Ape Yacht Club (BAYC) NFTs were once the hottest bit of digital property on Ethereum’s NFT market but now Yuga Labs’s signature collection and other affiliated NFTs are posting new lows. The current floor price for BAYC, which indicates the lowest one can purchase it for, is around 13 ETH, or $51,000. The last time it was this low was August 18, 2021, when it traded for 13.65 ETH, according to data by CoinGecko. That means today BAYC is a staggering 91.3% off its all-time high floor price of 153.7 ETH posted on May 1, 2022. Similarly, Yuga Labs’…

Ribbon Finance (RBN) is making waves in the cryptocurrency market with a remarkable 60% surge in its price. This surge has caught the attention of investors and enthusiasts alike, sparking discussions and speculation about the driving factors behind this sudden uptick. Meanwhile, it appears that the announcement of AEVO’s inclusion in Binance Launchpool may have played a pivotal role in this significant price movement. Ribbon Finance (RBN) Price Soars Amid Binance’s Announcement Binance, one of the leading cryptocurrency exchanges, has introduced AEVO (AEVO) as its 48th project on Binance Launchpool. Notably, AEVO is a decentralized derivatives exchange platform, focusing on…

The crypto world is abuzz with debate as Pierre Rochard, VP of Research at Riot Platforms, sheds light on President Biden’s proposed 30% tax on crypto mining electricity. Rochard’s recent post challenges the Biden administration’s rationale behind the tax, alleging it is a veiled attempt to suppress the burgeoning crypto market. So, let’s look at Pierre Rochard’s outlook over the recently proposed crypto mining tax by the Biden administration. Riot Exec Slams Biden’s Crypto Mining Tax Proposal Riot Platforms’ Rochard’s critique of President Biden’s once again proposed 30% tax on crypto mining electricity sparks a deeper examination of the administration’s…

I wasn’t expecting to enjoy Notcoin. To be honest, I was pretty dismissive at first. You tap an image of a coin on your mobile device, earn an in-game currency for each tap, and are bound by an energy bar that depletes as you tap (and refills when idle). And in the end, you’ll be entitled to an airdrop of an upcoming token based on your tapping abilities. It sounded pretty dull. So imagine my surprise that three weeks after trying the game for the first time, I’m still opening it up every morning and tap, tap, tapping away to…

Between March 1 and March 3, 2024, in the picturesque setting of Madeira, Portugal, the Bitcoin community gathered for the Bitcoin Atlantis 2024 conference. Among the distinguished speakers, Jack Mallers, CEO of Strike, stood out with his compelling insights on the transformative potential of Bitcoin in the current financial landscape. His speech, rich with conviction and foresight, shed light on the critical issues facing traditional banking and how Bitcoin presents a viable solution for financial sovereignty. Jack Mallers is a young entrepreneur deeply focused on Bitcoin and the Lightning Network. He’s the founder and CEO of Strike, a financial app…

Forbes featured remarks from Gracy Chen, the Managing Director of Bitget, who hinted at the fundamentals that will stir the growth of Cardano (ADA) in 2024. Speaking in an exclusive interview with Forbes Advisor, Chen highlighted the importance of Cardano in the broader digital currency ecosystem as a hub with active developers. Chen acknowledged the growth of unique aspects of Cardano as an ecosystem including staking. She noted how these aspects can help trigger a long-term breakout for ADA. As part of her accolade for Cardano, Chen noted that as of January 24, the blockchain boasts “135 projects launched and…