Author: NBTC

Russian President Vladimir Putin has signed a new law that officially recognizes digital currencies as a form of property in foreign trade settlements under an experimental legal regime (ELR). Under the regulations, crypto mining and sales are not subject to value-added tax (VAT), TASS reported Friday. Crypto transactions facilitated within the ELR are also tax-free, the report noted. Yet, mining facility operators are required to report to the tax authorities who use their services. Those who fail to submit the information on time face a fine of 40,000 rubles. Income from mining crypto will be classified as “income in kind”…

At present, when data has become increasingly important just like currency, it requires adequate safety and tokenization is a process to do so. In this procedure, the data is converted into a token which works as a distinct identifier, helping to retain the integral information without any exposure. This article explores the concept of data tokenization, its comparison with encryption, its benefits, and its limitations. Data Tokenization: An Introduction To comprehend the concept of data tokenization, one needs to know about tokens. A token works as a non-minable digital unit existing as a registry entry within a blockchain. There are…

Bitcoin (BTC) has made a bold move, breaking past the crucial $65,000 level and sparking renewed hope of reaching its all-time high. As bullish momentum builds, the market is watching closely to see if this breakthrough could be the start of a larger rally. With previous resistance now behind it, can Bitcoin continue its upward journey and reclaim its record peak? Or will market forces pull it back before reaching new heights? The aim of this article is to explore BTC’s impressive move past the $65,000 level and evaluate its prospects of hitting a new peak. This piece will offer…

Injective (INJ) may soon join the Artificial Superintelligence Alliance (ASI) group, which comprises Fetch.ai, SingularityNET, and Ocean Protocol. It comes amid plans to integrate Injective with Fetch.ai to facilitate cross-chain transfers. Injective and Fetch.ai Integrate For Cross-Chain Transfers The integration comes after the Fetch.ai community unanimously voted to substitute the inter-blockchain communication (IBC) blockchain interoperability protocol light client for Injective. This move will enable seamless cross-chain transfers between the Fetch.ai mainnet and Injective. “This upgrade will enhance interoperability, making it easier to transfer assets between networks and strengthening ecosystem integration. In addition to expanding DeFi opportunities, this proposal highlights the…

Crypto is fueling a rise in complex money laundering schemes in 2024, the Eurasian Group on Combating Money Laundering warns in its latest report. Money laundering schemes increasingly rely on crypto and multi-layered methods in 2024, highlight the growing complexity of illicit financial flows, Russia‘s state-run news agency reports, citing a recent report from the Eurasian Group on Combating Money Laundering. The report, which covers risks related to money laundering and terrorism financing, underscored the involvement of professional money launderers who are utilizing cryptocurrencies, fake identities — known in Eurasia as “droppers” — and even cash in these operations. The…

Many signs are pointing to BTC hitting $70K in the near future, from technical market data to prediction market betting. Inflows into the U.S. BTC ETFs continue to be significant with $458.5 million inflow during the Wednesday trading day. Bitcoin’s (BTC) demand is returning after being mostly muted since May, with apparent demand spiking to a monthly growth of 177,000 BTC last week in a move that preceded a 5% rally. Bitcoin is up 11% on-week, according to CoinDesk Indices data, beating the CoinDesk 20 (CD20), an index of the largest digital assets, which is up 9.6% during the same…

Scroll launched its mainnet on October 17, 2024, a significant step forward for the layer 2 project. It joins a list of L2 projects aimed at improving Ethereum’s scalability, albeit with competitive zk-rollup technology. News of the SCR token launch was met with initial excitement. However, Scroll has found it challenging to gain market traction compared to similar projects. Among other updates that left them underwhelmed around the time of the airdrop, they especially worried about the percentage allocated to the Binance launchpool. Ye Zhang, a co-founder of the Scroll network, defended the project’s decision to favor Binance by saying…

Swarm Markets is offering investment in gold bars on the Bitcoin network in partnership with OrdinalsBot. Swarm and OrdinalsBot’s service involves inscribing satoshis with unique gold kilobar serial numbers, in effect allowing them to be traded on Bitcoin’s Ordinals protocol. Bitcoin is often referred to as “digital gold,” but now it will be possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol for the first time. Swarm Markets, a real-world assets (RWA) platform licensed by German regulator BaFin, is offering investment in gold bars on the Bitcoin network in partnership with OrdinalsBot. Gold will…

The cat-themed MEW coin has soared to new heights, breaking its all-time high and exceeding a $1 billion market cap. This milestone follows Bitstamp’s announcement to list MEW trading pairs like MEW/USD and MEW/EUR. In addition, Korea’s top exchange, Upbit, reported higher MEW volume than Bitcoin, showing the rising popularity of this meme coin. BREAKING: SOLANA MEMECOIN $MEW (@MewsWorld) HITS $1 BILLION MARKET CAP pic.twitter.com/8VFkUjyVVq — DEGEN NEWS (@DegenerateNews) October 24, 2024 Market experts are excited about MEW’s potential, given its consistent uptrend since its launch. Some analysts predict parabolic moves in the coming days, with a target price of…

Matrixport, a leading digital asset platform, has published a report highlighting the potential impact of US President-elect Donald Trump’s cabinet appointments on the cryptocurrency industry. Matrixport Report: Trump Administration Hints at Crypto-Friendly Shift in US Policy Trump has nominated three key figures to lead the Treasury Department, Commerce Department, and Securities and Exchange Commission (SEC), all of whom are reportedly crypto-friendly and recognize the inevitability of digital assets in modern finance. If these nominations are approved, the U.S. could see an accelerated integration of cryptocurrency into its economic framework, according to Matrixport. The “Bitcoin as digital gold” 2024 narrative could…