Day: April 14, 2022

South Korea Begins to Fulfill President Elect’s Pledge to Bolster the NFT Ecosystem – Bitcoin News

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An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge after the Ministry of Culture, Sports and Tourism announced on April 12 that it will adopt an NFT copyright policy. This copyright policy is expected to help South Korea deal with the scourge of fake NFTs as well as…

Blockchain in Supply Chain Market Anticipated to Top $14.88 Billion by 2028

The increasing adoption of product traceability for enhanced transparency in manufacturing processes and the urge for optimized security will make blockchain in the supply chain market surpass $14.88 billion by 2028, according to a report by Research Dive. The study noted that the compound annual growth rate (CAGR) would be 57.4% during the forecast period between 2021 and 2028.  The deployment of blockchain technology in e-commerce websites has spurred growth. It is expected to revamp the supply chain market in the coming years by rendering product traceability, quality control, and…

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Dallas Cowboys Signs Deal with Blockchain.com, Becomes 1st NFL Team to Enter Crypto Space

Dubbed as the first crypto deal in the National Football League (NFL), the Dallas Cowboys have chosen cryptocurrency platform Blockchain.com as its “exclusive digital asset partner.” As part of the strategic partnership, the Cowboys will get exclusive fan rewards and experiences, such as player-hosted events and away game VIP trips via Blockchain.com’s digital wallet.  Jerry Jones, the Dallas Cowboys owner, president, and general manager welcomed the collaboration and said: “Blockchain.com is one of the oldest and most trusted digital asset platforms in the world, has easy-to-use products and remains…

Some Indian Payment Processors Cut Off Local Crypto Exchanges

In April 2018, the Reserve Bank of India (RBI) effectively banned banks through a notification from supporting or engaging in crypto transactions until the Supreme Court overturned the restriction two years later. Thus, it is unlikely that the RBI or RBI governed NPCI would release any official document, notification, circular, or order that could push banks or payment gateways from providing their services to crypto exchanges. Source

Bitcoin Mining In Pakistan 2022 | Bitcoin Mining Machine Price In Pakistan | Bitcoin Mining Setup

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A Peek Into the Wallex Ecosystem

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With lots of cryptocurrency protocols in the virtual space, there’s still a need to create a balance between fiat and digital currencies. The major bridge comes on compliance and AML levels, as many people have devised their means of circumventing the necessary procedure. Wallex brings outstanding measures and is pioneering as the lead in creating stability and compliance in the world economy through digital assets. What is Wallex? Wallex is a technological ecosystem that offers assets and digital assets to several users to carry out their business and daily lives.…

Crypto Exchange With Belarusian Roots Halts Operations for Russian Users – Exchanges Bitcoin News

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Currency.com, a crypto exchange founded and initially licensed in Belarus, has suspended operations for Russian clients. The restrictive measure comes in response to Russia’s assault on Ukraine, the platform said, noting that customers in other jurisdictions will not be affected. Currency.com Exchange Denounces ‘Terrible War’ in Ukraine, Denies Services to Russian Traders Crypto trading platform Currency.com has announced its decision to halt operations for residents of the Russian Federation over Moscow’s military aggression against neighboring Ukraine. The move comes after, earlier, the Belarus-born exchange stopped opening new accounts for Russian…

London Music Venue Koko Partners With Luno, Embrace 122 Years of Culture With Blockchain

London’s historic live music venue, Koko, has entered into a partnership with cryptocurrency trading platform Luno. As reported by IQ, the essence of the partnership is giving this new platform for live music events to promote the values of music through blockchain technology. The partnership is worth multi-million pounds and will see the creation of the Luno in a new multi-format space at the top of the 1,500-cap theatre. The Luno will be used for many purposes, including hosting digital art exhibitions, DJ Shows, and events that will be essentially focused on…