Author: NBTC
The European Central Bank is pushing ahead with plans to launch a digital euro, aiming to provide a pan-European digital payment solution that complements cash, according to Piero Cipollone, Member of the Executive Board of the ECB. Speaking at the Convegno Innovative Payments conference, Cipollone outlined the fundamental design choices and rationale behind the digital euro project, according to notes released on March 13. As evolving payment trends reflect people’s increasing preference for digital payments, the ECB seeks to make lives more accessible by offering a public digital means of payment that can be used free of charge for any…
VeChain’s x-2-earn web3-driven green initiatives are aimed at carbon offsetting and rewards. VeBetterDAO, VOT3, and B3TR tokens enhance sustainability efforts. VeChain saves 3M Kgs of CO2, conserves 9M gallons—reshaping crypto perceptions. VeChain’s revolutionary ‘X-2-Earn’ program, marries sustainability with Web3 incentives. It centres a green lifestyle by embracing electric vehicles, carbon offsetting, and earning rewards for daily eco-friendly choices. VeChain’s Drive-to-Earn initiative leads the charge toward a cleaner, greener tomorrow. Discover sustainability in action through ‘X-2-Earn’ experience with #VeChain! 🌱Embrace EVs, carbon offsetting, and earn rewards for your daily expenditures. Fueled by Web3, this innovative concept transforms incentives. Envision its ripple…
In light of the leading cryptocurrency Bitcoin (BTC) touching new levels, some experts have drafted crypto tax rules that they believe would be useful to investors, especially those planning to delve into the crypto space in this current bull market. IRS Demands Crypto Tax Reports Bitcoin went as high as $73,000 this week, a move that was triggered by the massive demand for spot Bitcoin ETFs. The price marked a new All-Time High (ATH) for the flagship digital asset. In the last 24 hours, the Bitcoin price has plummeted to $67,947.01 but the coin remains up by more than 50%…
A recent paper by Austin Adams, a researcher at Uniswap Labs, contends that swapping and liquidity provisions on layer-2 networks are significantly cheaper than on Ethereum’s mainnet. According to the paper, chains like Arbitrum created over three times more liquidity positions this past year than Ethereum. The report further shows that, when looking at USDC/ETH pools, 97.5% of swappers with trades under $125,000 did better on layer-2s than on Ethereum mainnet. Read more: Uniswap releases new tools for swappers This is likely because retail swappers, with trades under $125,000, are much more likely to benefit from the lower gas costs…
Bitcoin experienced a notable price adjustment, declining nearly 9% following its ascent to a record-setting pre-halving all-time high. The leading digital currency, which captured significant attention for its surge to $69,324, subsequently corrected to roughly $64,580 within an hour — illustrating the market’s volatility. Bitcoin price action has remained subdued under pressure, with the flagship crypto trading at $63,151 as of press time, giving up most of the gains accumulated since the start of the week. New ATH before halving The event marked a significant moment in Bitcoin’s history, as it set a new all-time high before an anticipated block…
LONDON, March 14 (Reuters) – A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with over half in advanced development, pilot or launch stages, a closely-followed study on Thursday showed. The research, opens new tab by the U.S.-based Atlantic Council think tank highlighted that all G20 countries with the exception of Argentina are now in one of those far-along phases although, notably, the United States is falling increasingly behind. While still inching forward on a banks only “wholesale” digital dollar, one for the wider U.S. population now looked “stalled” the…
After a week in which the Bitcoin price experienced a huge rally in the cryptocurrency market and approached the all-time high price record of $ 69,000, a large number of token lock openings will be held in many altcoins next week. Here is the weekly token unlocking calendar we have prepared for you as Bitcoinsistemi.com. (All times are prepared with UTC+3 Türkiye time) Near (NEAR) Market Value: $4.52 billion Amount of Tokens to Unlock: $1.10 million (0.02% of Market Cap) Date: 4 March 2024, 03:00 WazirX (WRX) Market Value: $116.81 million Amount of Tokens to Unlock: $9.18 million (7.86% of…
The Federal Government of Nigeria, under President Tinubu‘s administration, has sought an extension of the detention of two Binance officials. The Economic and Financial Crimes Commission (EFCC) went to the magistrate’s court in Abuja seeking a new order to extend the detention of the US citizen Tigran Gambaryan and the British Kenyan Nadeem Anjarwalla. This is one of the developments in Nigeria’s wide crackdown on cryptocurrency platforms. Gambaryan and Anjarwalla have been in custody for the last fortnight. The EFCC seeks further remand of the individuals while investigations are in progress. The first court decree permitting their confinement expired on…
The Elderberry upgrade is now positioned live on Polygon zkEVM Mainnet Beta, signaling a noteworthy improvement in the network’s capabilities. The Infra providers will be required to update the new versions of node and prover. The step has been taken in favor of the mass adoption of Web3. Elderberry comes with essential maximizations pertaining to the ROM that help lessen specific out-of-counter mistakes on the network. Added to that are certain corrections to the new Etrog upgrade. It can be compared to Ethereum’s EVM Interpreter, which interprets the execution logic of transactions. Besides, it also interprets opcodes for Polygon zkEVM.…
Bernstein initiated coverage of Robinhood (HOOD) with an outperform rating and $30 price target. The broker expects total crypto market cap to grow almost threefold to $7.5 trillion by 2025. It said bitcoin spot ETF assets under management could climb as high as $300 billion by 2025. Bernstein initiated coverage of trading platform Robinhood (HOOD) with an outperform rating and a price target of $30, citing a “monster” crypto cycle as the reason for the bullish call, the broker said in a research report Thursday. “We expect total crypto market cap to reach $7.5T by 2025 versus $2.6T today,” and…