Day: March 10, 2023

Nigerian president-elect aims to use blockchain technology in the banking sector

Nigerian President-elect Bola Tinubu has recently released a manifesto that, if enacted, would enable the use of blockchain technology and cryptocurrencies in the nation’s banking and finance sector.  The manifesto suggests reviewing existing Security Exchange Commission (SEC) regulations on digital assets to make them more business-friendly. The new regulation provides a framework for regulating digital assets like cryptocurrencies and other digital tokens in Nigeria. The suggested regulations would require digital asset companies to register with the SEC and mandate that all digital asset offerings and investments comply with SEC regulations.…

Silicon Valley Bank sends stock market crashing, crypto follows

As Silicon Valley Bank fails to reassure customers of its financial state, crypto-focused venture capital investors urge the firms to remove assets from the bank. Both stock and crypto markets are in the red, causing panic among traders. The announcement follows a dramatic decrease in the shares of SVB Financial Group, the bank’s parent business, which plunged by more than 60%. The loss came on the same day that the news was released. Silicon Valley Bank announced a stock offering of $1.75 billion earlier this week, in addition to a separate…

BITCOIN KORKUTUYOR

▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Bu videoda Bitcoin dolar paritesi hakkındaki yorumlarımı ilettim. Bitcoin anlık olarak ne kadar düşebilir veya ne kadar yükselebilir, … ▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Youtube version

Blockchain.com Decides to Shut Down London-based Crypto Asset Management Wing

Citing the strong deterioration in the macroeconomic data, Blockchain.com decided to shutdown BACM that served institutional players. The crypto market turmoil and liquidity issues have been impacting several crypto firms. Popular crypto startup Blockchain.com has decided to shut down its UK-based crypto asset management arm. According to the filing on Companies House, Blockchain.com applied to strike the asset management subsidiary off the UK register and further dissolve the company. Blockchain.com launched its crypto asset management arm, dubbed Blockchain.com Asset Management, or BCAM last year in April 2022 in partnership with…

Thai Govt to Grant Tax Waivers to Issuers of Digital Asset Investment Tokens – Taxes Bitcoin News

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Thailand’s government has said companies that issue digital tokens will receive a waiver that exempts them from paying corporate and value-added tax. According to a report, the Thai government anticipates losing just over $1 billion in tax revenue as a result of the waiver. Relaxation of Tax Rules for Investments in Digital Assets Thailand-based companies that issue digital tokens for investments are set to receive a corporate and value-added tax waiver, the Thai government has reportedly said. As a result of the waiver, the Thai government, which is projecting investment…

OpenAI Introduces More AI Customization Tools for Users

ChatGPT creator OpenAI plans to create more customization resources for its teeming AI subscriber base to offer an overall improved service. According to a Reuters report, OpenAI is looking to enable increased user customization for its ChatGPT chatbot. The ChatGPT creator intends to release tools that grant enterprise and individual users more control over the popular AI system. OpenAI chief executive Sam Altman said the tools should also enhance the models for general and specific use cases. Addressing investors at a Morgan Stanley conference, Altman also said OpenAI would build a…

Blockchain.com Shutters Crypto Asset Management Arm Less Than 1 Year After It Launched

Blockchain.com has announced the suspension of its asset management arm due to the prolonged crypto winter, as reported by Bloomberg. The company cites the challenging market conditions as the reason for its decision, which comes less than a year after the launch of the service. scoop: @blockchain has suspended its asset management arm, moving to shut down the unit exactly 11 months after it launched. in that time, the firm cut hundreds of jobs and saw its valuation potentially slashed to a fraction of its former $14bn size on Terminal now,…

Meta to Launch Decentralized Social Network

The new text-based content app, codenamed P92, will be backed by ActivityPub – a decentralized social networking protocol. Meta Platforms Inc (NASDAQ: META), the parent company of Facebook and Instagram, has begun working on a unique decentralized social network. According to a Reuters report, the platform will be used to share text updates and has also been tipped to compete directly with billionaire Elon Musk‘s Twitter. Meta Seeks to Ensure Ease of Access by Integrating with Instagram The new text-based content app, codenamed P92, will be backed by ActivityPub – a…

Replacing Silvergate’s Network Is a Challenge for Crypto Industry: JPMorgan

Silvergate had operated as a gateway for more than 1,000 “institutional crypto market participants including major crypto exchanges, miners, stablecoin issuers, market makers and digital asset fund managers that have been using its network to transfer fiat currency between their Silvergate accounts and the accounts of other Silvergate customers,” analysts led by Nikolaos Panigirtzoglou wrote. Source

Dogecoin hits 4-month lows vs. Bitcoin — 50% DOGE price rebound now in play

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Dogecoin (DOGE) pared some losses versus Bitcoin (BTC) on March 10, a day after the DOGE/BTC pair fell to its lowest level since October 2022. Can DOGE price see an extended rebound ahead?  On the daily chart, the DOGE/BTC pair reached 331 sats, up 4.75% compared to the previous day’s low of 316 sats. The bounce occurred around a multi-month descending trendline, which has capped the pair’s downside moves since November 2022. DOGE/BTC daily price chart. Source: TradingView DOGE price vs. BTC Interestingly, the DOGE/BTC descending trendline appears part of…