Author: NBTC

The Philippines’ Department of Finance (DOF) Secretary Ralph Recto has underscored the critical role of the Bureau of Internal Revenue (BIR) in ensuring the government meets its fiscal targets, emphasizing that sustained improvements in revenue collection are essential for economic growth and national development. Speaking at the BIR’s 120th anniversary earlier this month, Recto highlighted the importance of digitalization in achieving these goals. “For the truth is, when fiscal targets are not met, it is the people who pay for such failure,” Recto stated in his keynote speech. “Projects that would improve their lot today are denied of funding, creating…

Today, Tezos has presented the new smart rollup “Jstz” based on Java, for its new version of super scalable and interoperable blockchain Tezos X. Jstz is capable of vertically attaching to layer-1 and enhancing the user experience. The new L2 solution supports the onboarding of the next wave of web3 developers, implementing the well-known Javascript language, eliminating the need for libraries and various SDKs. Let’s see all the details below, The super-scalable blockchain Tezos X: the transition from monolithic to modular Tezos blockchain: announced the launch of the smart rollup “Jstz” with Java support The new smart rollup by Tezos…

Bitcoin’s price recently dropped below $65,000 for the first time since May 15, surprising many in the cryptocurrency community. This downturn contradicts the bold predictions from Crypto Twitter, which had anticipated Bitcoin reaching $1 million following the U.S. SEC’s approval of spot Bitcoin ETFs. In this blog post, we’ll explore why these optimistic forecasts have not yet materialized and what the future might hold for Bitcoin. The Hype Around Spot Bitcoin ETFs The approval of spot Bitcoin ETFs by the U.S. SEC was hailed as a significant milestone for the cryptocurrency market. Proponents argued that these ETFs would provide institutional…

BlockTower Capital, a venture capital firm, completed a substantial transaction of Ethereum (ETH), which was valued at $25 million. Ethereum price action could see some waves amid the big moves. The market landscape has been rattled by tremors of speculation amid the liquidation of 9,232 ETH. This was transacted across multiple established crypto trading platforms. This significant divestment by BlockTower Capital has occurred in the context of a broader market unease. As Ethereum price is currently experiencing rejection at the $2,700 resistance level. This development has significant implications for the future trajectory of the leading altcoin. BlockTower Capital’s Ethereum Liquidation…

Robinhood Markets (NASDAQ: HOOD) has released its monthly operating data for July 2024, showcasing strong growth across multiple key metrics, especially compared to the same month a year before. The company, known for its commission-free trading platform, continues to expand its user base and financial footprint in the fintech landscape. Robinhood reported a total of 24.2 million funded customers at the end of July, marking an increase of approximately 70,000 from the previous month and over one million compared to the same period last year. This steady growth in the customer base underscores the platform’s ongoing appeal to retail investors.…

Meme coins are soaring while Bitcoin takes a heavy hit amid selling pressure from the German government and Mt. Gox refunds. Most significantly, BONK has jumped 12% over the past 24 hours. That’s seen BONK edge past Dogwifhat (WIF) as it fell 3%, making it the largest Solana meme coin by market capitalization. Similarly, Base chain meme coin Brett (BRETT) leaped 8.6%, Ethereum-based Mog Coin (MOG) climbed 6%, and Apu Apustaja (APU) soared 15%. Despite this the tokens are still down over the week, along with the rest of their meme coin competitors. In recent weeks, the German government started…

Confiction Labs, the developer behind the Web3 co-op multiplayer shooter Riftstorm, has introduced a new in-game verification system aimed at curbing what it views as increasing bot activity in the sector. The initiative, dubbed “Proof of Exposure,” integrates non-fungible tokens into the game’s lore as a method to distinguish genuine players from automated bot accounts. The move comes as Web3 games grapple with a rising bot problem, with a recent report from marketing platform Cookie3 suggesting that up to 70% of airdropped rewards are funneled to bot accounts. Confiction Labs, which recently rebranded from Mythic Protocol, claims its new verification…

With gas fees, the main source of revenue for network validators, having dropped sharply, Ethereum (ETH) is in serious trouble. This drop in transaction fees is putting validators’ financial incentives in jeopardy and may cause them to leave the network, which could have serious repercussions for Ethereum’s overall stability. Gas fees on the Ethereum network frequently surge during times of high demand like the height of the NFT craze or the launch of well-liked decentralized finance (DeFi) projects. Nevertheless, a steep decline in network usage is more likely to be the cause of the recent dramatic drop in these fees…

EMURGO partners with Encryptus to launch USDA stablecoin, enhancing security and efficiency. The launch aligns with EU’s MiCA regulations, promoting financial stability and consumer protection. EMURGO is thrilled to announce that the Anzens USDA stablecoin will be introduced under seasoned crypto team Encryptus. As a technology provider, the EMURGO team will keep supporting the forthcoming launch, therefore advancing their promise to bring the USDA stablecoin to market. Under the bloc’s Markets in Crypto-Assets (MiCA) rule, which went into effect last week and so heralded the advent of financial stability, consumer protection, and more openness in the stablecoin market, this launch…

Despite it seems that metaverse and NFT are fading, the largest companies in the world by market cap seem to believe in it, producing hardware for the sector. The latest news concerns Microsoft which, together with Samsung, will launch its line of headphones for mixed reality. Metaverse and NFT: the launch of the new line of headphones by Microsoft with Samsung Metaverse and NFT: Apple and Google and their devices The change of direction for Meta by Zuckerberg Metaverse and NFT: the launch of the new line of headphones by Microsoft with Samsung Apparently, the metaverse and NFT sector continues…