Bitcoin Industry

2023-08-29 20:01:40 Lecksis is giving away 5,000!

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Best of luck Open / Comment

2023-08-28 15:01:34 PM Modi Advocates Global Framework for Crypto Regulation and Ethical AI at B20 Summit

Speaking at the B20 Summit India 2023, organized by CII, Prime Minister Narendra Modi emphasized the need for a worldwide framework for cryptocurrencies and the ethical implementation of artificial intelligence (AI).

Modi, addressing the summit, which took place from August 25–27 in New Delhi, highlighted India's efforts to establish a global Green Credit framework and urged industry leaders to adopt environmentally friendly practices in their businesses.

Discussing critical issues like climate change, the energy crisis, food supply imbalances, and water security, Modi stressed that these challenges significantly impact businesses and necessitate collaborative efforts to address them effectively.

He recognized the swift pace of technological progress and urged us to accept and synchronize these transformations rather than oppose them.

Modi noted the need for a comprehensive approach regarding cryptocurrencies, stating, "Now, there is a challenge related to cryptocurrencies. There is a need for a more and more integrated approach in this matter. I think a global framework should be created for this, in which all stakeholders are taken care of." Open / Comment

2023-08-25 20:01:03 NFL and Mythical Games Unveil NFL Rivals

Web3 game studio Mythical Games officially launched the first Web3 technology-powered, NFL-licensed game. 'NFL Rivals'.

On August 24, the Kickoff program went live - "bringing the Mythical Marketplace to the NFL Rivals app for all players to participate in the game economy we’re all building together," a blog post said.

This will be a phased release: multiple versions of the marketplace integration will be released in the coming months. In the meantime, the team will be running more tests in order to improve the game.

In this first phase, they rolled out the buy functionality in the in-game marketplace.

In collaboration with the NFL and the NFL Players Association, NFL Rivals was first released in April in early access mode - called the Offseason - to allow the team to observe the feedback and improve the game for several months.

"The incredible reception by fans during the pre-season of NFL Rivals blew us away," said Mythical Games CEO John Linden, as reported by VentureBeat. Open / Comment

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2023-08-22 21:00:03 Just received news that LIXX has secured a spot as one of the standout alt coins for 2023!

You definitely want to catch up on what these individuals are doing – really impressive.

You can always find the freshest announcements in their Telegram Open / Comment

2023-08-22 16:30:58 New Report Suggests About 8,000 Korean Residents May Lose Digital Assets Over Tax Evasion

Financial regulators in the South Korean city of Cheongju are set to confiscate digital assets from local tax evaders.

According to a report on Aug 22 by Yongap, a local news agency, the authorities of the city have set plans in motion to clamp down on virtual asset holders in centralized exchanges who have not filed taxes.

The city has opened an inquiry into seven crypto exchanges requesting the filing of certain information including the portfolio of 8,520 users who owe the government at least 1 million won ($750). Centralized exchanges like Upbit and Bithumb were mentioned in the report as the city explains the need to inquire about the holdings of residents and generate income for the government.

In the past few years, local administrations have bemoaned the use of digital assets to conceal property and evade taxes. The trend of authorities has been to partner with centralized exchanges to get the holdings of traders and investors although some users devise other means like privacy coins and decentralized exchanges. Specifically in South Korea, authorities have stressed the necessity to clamp down on tax avoidance stating the citizens would be held accountable. Open / Comment

2023-08-21 17:30:21 CRYPTO TRADE ARBITRAGE COMMUNITY

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2023-08-19 15:00:26 Mastercard Launches Forum for Crypto Industry Players to Discuss CBDCs

Payments giant Mastercard has established a forum to facilitate discussions and collaboration among industry players in the cryptocurrency sphere regarding central bank digital currencies (CBDCs).

In a Thursday blog post, Mastercard said that the CBDC Partner Program has already attracted key participants such as Ripple, Fireblocks, and Consensys. The primary objective of this program is to foster dialogue and encourage innovation and efficiency within the industry.

“We believe in payment choice and that interoperability across the different ways of making payments is an essential component of a flourishing economy,” Raj Dhamodharan, Mastercard's head of digital assets and blockchain, said.

“As we look ahead toward a digitally driven future, it will be essential that the value held as a CBDC is as easy to use as other forms of money.” Open / Comment

2023-08-16 21:00:52 Crypto Billionaire Justin Sun's Huobi-Linked Exchange WhiteBIT Raises Concerns Over Its Lending Platform

An obscure exchange with connections to Justin Sun, WhiteBIT, has sparked concerns after advertising a staggering Annual Percentage Yield (APY) of 24.8% to users depositing Tether (USDT) for a year on its lending platform, Protos reported.

This rate is five times higher than the average USD money market rate, a glaring red flag for potential investors. WhiteBIT's association with Justin Sun, a well-known figure in the cryptocurrency industry, raises further suspicion.

The exchange has established connections to Sun and his Huobi exchange, with funds flowing frequently between WhiteBIT and Huobi. This affiliation might explain the high APY figure, yet it offers little reassurance to those considering investment.

Justin Sun has a history of promoting exorbitant returns on dubious stablecoins. He has touted returns ranging from 150% to 392% on his USDD stablecoin, 2,366% on USDJ, 30% on USDC, and 23% on TUSD.

This history of extravagant promises combined with WhiteBIT's connection to Sun underscores the need for cautious evaluation. Open / Comment