Author: NBTC

John Bigatton, the Australian promoter of the now-defunct crypto exchange platform BitConnect, has been convicted by the Sydney District Court for providing unlicensed financial advice. Bigatton was sentenced to a three-year recognizance of good behavior and disqualified from managing corporations for five years on Friday, according to court records and a statement from the country’s corporate regulator on Sunday. Between August 2017 and January 2018, Bigatton promoted BitConnect through seminars and social media, providing financial advice without proper authorization. Crypto Ponzi scheme BitConnect, which required investors to acquire BitConnect Coin (BCC) to participate in its investment opportunities, was marketed by…

European Bitcoin mining company Northern Data AG has announced plans to raise €214 million through a 20% capital increase, issuing 10.7 million new shares. German Bitcoin (BTC) mining company Northern Data AG is set to bolster its operations through a significant capital increase, which is expected to boost its financial reserves by approximately €214 million. In a Jul. 15 press release, the Frankfurt-headquartered company said that it plans to issue 10,699,446 new bearer shares, amounting to 20% of its current share capital, a move that is expected to fuel the expansion of the company’s cloud platform, and expanding its physical…

Coin98 has integrated the IoTeX Network into its platform, recognizing the growing interest in the Decentralized Physical Infrastructure Networks (DePIN) segment. IoTeX is a modular Web3 infrastructure platform. It connects smart devices and real-world data to the blockchain. This integration is available in the latest versions of Coin98 Super Wallet and Coin98 Extension. As a result, it makes it easier for users to explore Web3 opportunities. Coin98 Super Wallet now integrates @iotex_io – the modular infrastructure for DePIN, allowing even the smallest of teams to build scalable DePIN applications and thus cultivating a widespread ecosystem of diverse applications that will…

Over the weekend, the Bitcoin price dropped below $60,000 amid rapid selling by major holders such as the German and US governments. This led to one of the largest drops seen for the pioneer cryptocurrency in the last two years, costing the market billions of dollars. However, despite this, Bitcoin holders are still seeing major gains, with the vast majority of investors currently in profit despite the market crash. Bitcoin Holders Enjoy Massive Gains According to data from the on-chain tracker IntoTheBlock, there are around 53.57 million Bitcoin holders worldwide. Of these investors, a total of 83% are still seeing…

Valentina Matvienko, Chairman of the Russian Federation Council, talked about the role of national digital currencies, also known as CBDCs, in increasing the use of national currencies in BRICS trade. Matvienko stated that a hypothetical BRICS bridge, a joint payment system, would leverage the digital currencies of all the bloc states. Russian Senate Chairman Profiles Use of National Digital Currencies in BRICS Payment System Valentina Matvienko, Chairman of the Russian Federation Council, recently assessed the role that national digital currencies, also known as central bank digital currencies (CBDCs), would play in organizing a hypothetical BRICS joint payment system. At the…

On May 22, the Office of the Privacy Commissioner for Personal Data (PCPD) in Hong Kong issued an enforcement notice to the Worldcoin Foundation, directing an immediate cessation of its cryptocurrency project operations throughout the territory. This decision arises from significant concerns regarding privacy and the safeguarding of personal data, spotlighting the controversial use of biometric data collection methods by the project. The regulatory body specifically criticized Worldcoin for its practices involving the scanning and collection of iris and facial images of the public. The PCPD described these data collection methods as “excessive and unnecessary,” raising alarms about the potential…

As the digitization gale continues to blow across Southeast Asia, Vietnam is taking things up a notch by requiring facial recognition for digital transactions above $390. The new policy change received validity from the State Bank of Vietnam at the start of July, with the banking regulator hinting at a strict enforcement of the rules. The move is an attempt by the central bank to improve the security of online financial transactions amid rising fraud incidents. Under the new rules, individuals attempting to make payments through mobile bank apps and e-wallets must use artificial intelligence (AI)-powered facial recognition to verify…

Cardano leads blockchain gaming with top 10 games, as Web3 gaming resource ranks Machiavellic first based on PlayToEarn ratings. The blockchain gaming industry is witnessing significant visibility, with Cardano at the forefront. PlayToEarn, a leading data aggregator in the Web3 gaming space, recently revealed the top ten games on the Cardano blockchain, ranked by their PlayToEarn score. Reigning as the Most Popular on #Cardano blockchain – heres 🔟 titles to check out! 🏆Ranked by #PlayToEarn score@Machiavellic_io@discosolaris@ChainsofWarGame@Cardania_HQOutlaws Brawl@CornucopiasGame@SpeedThrone@cardanowarriors@officialmocossi@AdaQuestGame$ADA #P2E pic.twitter.com/IOMaCsbbnM — PlayToEarn (@PlayToEarn) July 15, 2024 This disclosure came shortly after Cardano founder Charles Hoskinson celebrated a milestone for his gaming…

Table of contents What To Consider When Buying a CPU for Crypto Mining? How Much Energy Does the CPU Consume for Mining? Best CPU for Mining Top of the Best CPU for Mining AMD Ryzen 9 3900X AMD Ryzen 9 3950X AMD Ryzen Threadripper 3970X Intel Core i9-10900X AMD Ryzen 9 5950X AMD Ryzen 9 7950X Intel Pentium Gold G-6400 Best Strategies for Mining Rigs with CPUs FAQ Does CPU matter for crypto mining? What to mine with CPUs? What is CPU mining? Is it worth mining with CPUs? What is the most efficient CPU for a mining rig? Is…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Arcana is pioneering web3 accessibility with 100+ partners and 21,000+ SDK downloads, driven by its unique chain abstraction solution. Arcana, a network committed to making web3 more accessible, consistently stands out with its tools that empower the developers of the future. With over a hundred partners and more than 21,000 SDK downloads, Arcana has enabled the creation of more than 2,000 applications. A notable application is its chain abstraction solution, a user-centric protocol that eliminates the need to deal…