Author: NBTC

Unlimit, a global fintech company, has announced its entry into the Indian market, accompanied by the receipt of its Reserve Bank of India (RBI) Online Payment Aggregator license. This development grants Unlimit authorization to operate as a payment service provider in the region. With this license, Unlimit is set to offer a range of payment services and methods, aimed at assisting local businesses in expanding their reach to a broader audience. The timing of Unlimit’s entry into the Indian market coincides with substantial growth in digital commerce within the country. According to projections from Statista, digital commerce is anticipated to…

Bitcoin-centric stablecoin company OpenDelta raised $2.15 million in a pre-seed round led by 6th Man Ventures, CEO Konstantin Wünscher told CoinDesk. “We want to use bitcoin to create stable value in a fiat-denominated currency,” Wünscher said in an interview. OpenDelta will plant itself in the newest greenfield for decentralized finance (DeFi) atop the newest trend in Bitcoin, Runes. During the Bitcoin halving on April 19, developer Casey Rodarmor created Runes, a way for people to etch fungible tokens onto satoshis, the smallest unit of bitcoin (BTC). The DeFi-enabling novelty has since exploded into a behemoth for Bitcoin transactions, per a…

IOTA’s Tangle technology is gaining more recognition as a secure and scalable decentralized infrastructure. Tangle is deployable in a diverse number of industries including logistics and IoT. As data security in industrial systems becomes increasingly important, IOTA’s Tangle has found itself at the forefront of this innovation following recent research conducted by the National Chung Hsing University in Taiwan. Utilizing IOTA’s Tangle in Industrial Systems The blockchain sector has matured in recent years, with advances in alternatives such as IOTA’s Tangle. Blockchain developers have placed a greater emphasis on implementing decentralization on a larger scale to ensure fair and transparent…

The top Democrat on the U.S. House Financial Services Committee has told Bloomberg that a stablecoin bill could be ready soon. The latest development strengthens hopes that the U.S. can get a new stablecoin law this year, before the elections, considered a longshot at the start of the year. U.S. House Representative Maxine Waters (D-California) indicated that the final version of the stablecoin bill could be ready soon. “We are on our way to getting a stablecoin bill in the short run,” the top Democrat on the House Financial Services Committee told Bloomberg on Wednesday. Waters has previously called a…

While Bitcoin has exhibited sharp movements recently, it fell to the level of $ 62,800 in yesterday’s decline. While BTC rose above $64,000 again, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate increase decisions and is considered a leading inflation indicator, was announced. Accordingly, all data announced on personal consumption expenditures in March are as follows: Core Personal Consumption Expenditures Price Index (Annual) Announced 2.8% – Expected 2.6% – Previous 2.8% Core Personal Consumption Expenditures Price List (Monthly) Announced 0.3% – Expected 0.3% – Previous 0.3% Personal Consumption Expenditures Price Index…

Degen Chain, the latest blockchain entrant, has set the crypto industry abuzz with its features and possibilities. The Degen chain was announced on March 28 by pseudonymous founder Jacek and infrastructure provider Syndicate. At its core, Degen Chain reportedly represents a low-cost Layer 3 solution, boasting an architecture designed to cater specifically to community needs. Degen Chain stands out as one of the platforms introducing a community token with its own L3 infrastructure anchored by its native gas token, $DEGEN. ‍ The Pillars of Degen Chain Degen Chain comprises three essential components: Arbitrum Orbit: Serving as the underlying technology stack,…

The US Securities and Exchange Commission (SEC) has imposed the largest fine ever on a cryptocurrency project, with a staggering $5.3 billion fine against Do Kwon and Terraform Labs. After an extensive investigation and a relatively brief two-week trial in New York, Kwon and Terraform were found guilty of fraud. They were accused of concealing significant risks in the trading scheme designed to ensure the survival of the UST stablecoin and the unsustainable 20% yield offered by Terraform’s Anchor lending platform. Kwon, who was arrested in Montenegro last year with a fake passport, did not attend the hearing. Kwon is…

While it remains a matter of curiosity when the FED will cut interest rates, the PCE data, which the FED follows as a leading data on inflation, was announced today. While the above-expected PCE data was considered a signal that interest rate cuts may be delayed, Nigel Green, CEO of deVere, one of the world’s largest asset management companies, warned that there is a high probability that the FED will not reduce interest rates this year. Evaluating the announced PCE data, deVere CEO stated that interest rate cuts may be delayed until 2025 and said: “These data are another setback…

VeChain Founder Sunny Lu has teased the future of the protocol with a strong tilt toward sustainability. Lu believes billions of users will leverage VeChain’s solution in the future, a move bolstered by the integration of incentives. Sunny Lu, Founder of VeChain (VET), the enterprise-grade smart contract protocol designed to trigger the mass adoption of blockchain technology, has provided a glimpse into the network’s mission and vision to promote sustainability and reward positive behavior within its ecosystem. Rewarding Positive Behavior In an exclusive interview with Ajwritescrypto on YouTube, Lu emphasizes the importance of providing a platform where individuals are incentivized…

The Internal Revenue Service (IRS) is enhancing its oversight of cryptocurrency transactions through the use of artificial intelligence (AI). In a groundbreaking move, the IRS released a draft of Form 1099-DA for Digital Asset Proceeds From Broker Transactions, signaling a significant step forward in the enforcement of crypto tax compliance. Concerns Rise as IRS Employs AI to Monitor Crypto Transactions This development aligns with the agency’s proposed regulations introduced last year, aimed at refining the reporting of digital asset sales and exchanges by brokers. The regulations stipulate that beginning January 1, 2025, brokers, encompassing digital asset trading platforms and payment…