Month: January 2023

BNB (BNB) and Kava (KAVA) Struggle to Compete Against Snowfall Protocol (SNW) as It Approaches Launch Date on February 3rd – Find Out Why!

Place/Date: – January 24th, 2023 at 11:18 am UTC · 2 min read Source: Snowfall Protocol Photo: Snowfall Protocol Interoperability between blockchains and their respective tokens is one of the most critical challenges that blockchain protocols and applications face. BNB (BNB) and Kava (KAVA) won’t be able to compete against the upcoming Snowfall Protocol (SNW), which is set to launch on February 3rd. This is because Snowfall Protocol (SNW) is set to launch as the first cross-chain transfer ecosystem designed to enable seamless transfers of fungible and non-fungible tokens (NFTs)…

Crypto Tax Proposed by Lawmakers to Fund EU Budget

The report “suggests the introduction of a European tax on crypto-assets, whose revenues would flow into the European budget,” said the report by French lawmaker Valérie Hayer and Portuguese social democrat José Manuel Fernandes. “Regulating and taxing crypto-assets at EU level is more efficient than at national level given their high mobility and cross-border dimension.” Source

Brazil and Argentina to Start Working on Creation of Latam Common Currency – Economics Bitcoin News

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Brazil and Argentina are looking to begin work on the issuance of a common currency. Sergio Massa, minister of the economy of Argentina, also stated that the two countries will be inviting other nations in the area to join this economic integration project in the future. Brazil and Argentina to Spearhead Common Currency Issuance Project Ministries of Brazil and Argentina will be discussing the first steps to issue a common bilateral currency. According to statements given by the minister of the economy of Argentina, Sergio Massa, representatives of both countries…

Apple in Talks with Disney Over VR Headset Content

Apple’s mixed reality headset is expected to launch in the spring, and deliveries will begin by fall 2023. The device will be exclusive, for a limited audience, rather than mainstream. Tech giant Apple Inc (NASDAQ: AAPL) is in talks with at least six media companies over the development of virtual reality (VR) content for its mixed reality headset. Among the partners are The Walt Disney Company (NYSE: DIS) and Sony Corporation (NYSE: SONY). Apple has been experimenting with virtual reality and augmented reality technologies for a long time. Back in 2020,…

Swiss Bank Cité Gestion Is First Private Bank to Tokenize Its Shares

The company also planned to offer qualified US-based investors access to funds offering exposure to direct equities, private credit, and secondary transactions. Independent Swiss Private Bank Cité Gestion, which was established in 2009, is using Taurus technology to tokenize its own shares. This move is a part of the company’s continuous attempts to grow its roots deeper into the world of blockchain technology. It is the first time a private bank has rolled out shares as ledger-based securities under Swiss Law. It will collaborate with the digital assets company Taurus…

Court Fast-tracks Oral Argument in Grayscale vs SEC Case

Grayscale is now neck deep with the lawsuit and there are many assumptions from members of the public with respect to the potential bottlenecks that the lawsuit might present. The dates for hearing the oral argument in the ongoing lawsuit between Grayscale Investments and the United States Securities and Exchange Commission (SEC) has been expedited by the District Columbia Court of Appeals. As reported by CNBC, the Court has fixed March 7 as the date for both parties to present their oral arguments, fast-tracking a process that Grayscale had expected…

Silvergate Rises and Coinbase Drops as Crypto Stocks React to Bitcoin on the Mend

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Several crypto stocks saw considerable increases in value while others dropped, as the 2023 Bitcoin price rally continued. Crypto-related stocks are riding higher following the recent resurgence of the leading digital currency Bitcoin (BTC). For example, Silvergate Bank (NYSE: SI) shares were up 11%, while several crypto-mining stocks recorded their best monthly performance in a year. Prominent Bitcoin mining firm Bitfarms (TSE: BITF) rose 140% in the first two weeks of this year, with Marathon Digital (NASDAQ: MARA) registering a 120% surge. In addition, Hive Blockchain Technologies (CVE: HIVE) also…

EU Lawmakers Impose ‘Prohibitive’ Requirements on Banks’ Crypto

In the meantime, “banks will be required to hold a euro of own capital for every euro they hold in crypto,” Markus Ferber, the economic spokesperson for the parliament’s largest political grouping, said in a statement. “Such prohibitive capital requirements will help prevent instability in the crypto world from spilling over into the financial system.” Source

This $25K BTC price target would spell misery for Bitcoin shorters

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Bitcoin (BTC) has an important new price target for bulls to meet — and it is closer than it seems. As noted by Philip Swift, co-founder of trading suite Decentrader, $25,000 is now a critical BTC price level. Bitcoin price rally near “a lot of liquidity” After putting in 40% gains in January, Bitcoin continues to consolidate around the $23,000. Opinions are split as to what will happen next — after more than a year of bear market, plenty of market participants expect a dramatic correction and even new multi-year…

Elon Musk Defends His 2018 Tweets of Taking Tesla Private and Support from Saudi Investors

During his testimony, Elon Musk said that he indeed had support from Saudi investors who later backpedaled from their commitment. On Monday, January 23, Tesla chief Elon Musk testified before the jurors adding that he indeed had support from Saudi’s sovereign wealth fund for taking Tesla private. Besides, he also spoke about using his own share in his space rocket company SpaceX to fund this buyout. During his trial in the San Francisco federal court, the billionaire shared details about the matter. “With SpaceX stock alone, I felt funding was…