Day: July 7, 2023

Sega Rethinks Plans of Entering Blockchain Gaming, COO Calls GameFi ‘Boring’: Bloomberg

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Binance advises Dutch customers to use licensed local trading partner, Coinmerce

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Due to regulatory concerns, Binance is leaving The Netherlands. As an alternative option for trading needs, Binance has recommended that its customers in the country use Coinmerce. Binance issues Coinmerce notice Binance customers in The Netherlands reported on July 6 that they had been advised by the platform to use Coinmerce for their crypto trading needs. Coinmerce is a crypto exchange, one of the few platforms that Dutch authorities have registered. “Over the coming days, you will receive…

BarnBridge DAO calls halt to ‘all work’ on DeFi protocol amid SEC probe

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BarnBridge DAO members have been told to pause “all work” related to the project after a reported probe by the United States Securities and Exchange Commission (SEC). In a July 6 post to the platform’s Discord channel, Douglas Park, a lawyer for the decentralized autonomous organization revealed the news to members. “I am letting you know that the Securities and Exchange Commission is investigating BarnBridge DAO and individuals associated with the DAO,” Park said. pic.twitter.com/ChsjBuGEzM — BarnBridge (@Barn_Bridge) July 7, 2023 In order to “reduce potential further legal liability,” Park…

Vitalik Buterin says Ordinals have revived ‘builder culture’ on Bitcoin

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The advent of Bitcoin (BTC) Ordinals signals the “organic return of builder culture” to the network, according to Ethereum co-founder Vitalik Buterin. Buterin made the comments in a July 7 Twitter space where he spoke at length with Bitcoin proponents Eric Wall and Udi Wertheimer about what Bitcoin developers could learn from Ethereum devs. Buterin praised Ordinals and the BRC-20 token standard which he sees as a rejection of “stagnant” politics in the Bitcoin ecosystem. “Ordinals are starting to bring back a culture of actually doing things. It feels like…

Israel’s parliament moves forward with crypto tax exemption for foreigners

On June 5, a bill proposing exemptions from capital gains taxes on the sale of digital currencies in Israel passed the preliminary reading in the country’s parliament, the Knesset. The bill offers extra tax advantages for people who hold digital assets while clearly distinguishing between crypto assets considered securities and commodities. Clarity on crypto tax If passed, the bill would provide tax relief for the sale of digital currencies and align the taxation of crypto bonuses with stock options for employees. Currently, the tax rate for crypto bonuses stands at 50%, but…

Lightning Labs releases tools letting AI transact and hold Bitcoin

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Bitcoin (BTC) Lightning Network development firm Lightning Labs unveiled a new set of tools for artificial intelligence to send and receive BTC on the network’s layer-2 solution. On July 6, Lightning Labs announced the toolkit which helps enable AI applications such as OpenAI’s ChatGPT to interact with the Bitcoin network to send, receive and hold the cryptocurrency. The move is to help make payments faster, cheaper and easier for AI developers who will be able to distance themselves from traditional and often prohibitive payment rails while also enabling pay-per-use AI…

Changpeng Zhao Calls Exec Departures “FUD”

“More FUD about some departures. Yes, there is turnover (at every company). But the reasons dreamed up by the “news” are completely wrong,” CZ tweeted. “As markets and the global environment for crypto changes, as our organization evolves, and as personal situations change, there is turnover at every company.” Source

Bitcoin Price Whales Are Increasing, but BTC Sent to Crypto Exchanges Continues to Fall. What Does the Trend Mean?

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ETH, the second largest crypto in market value, was recently changing hands at $1,853, a 3.1% drop from Wednesday, same time. Most other major cryptos plunged deeply into the red before regaining some ground. Litecoin and popular memecoin SHIB were still off more than 6% and 3%, respectively. SOL, the token of the Solana blockchain soared over 11% at one point and was still up more than 4%. The CoinDesk Market Index, a measure of crypto markets overall performance, was recently down 1.7%. Original

SolSea to mint NFTs to promote Coca-Cola Serbia brand

EXIT Festival and SolSea have teamed up for a collaborative effort where SolSea will supply merchandise and develop non-fungible tokens (NFTs) showcasing the branding of Coca-Cola Serbia.  The joint venture aims to offer attendees of the annual summer music event in Novi Sad, Serbia, an exclusive opportunity to acquire NFTs and merchandise throughout the festival from July 6 to 9, 2023. SolSea partners with EXIT Festival, Coca-Cola Serbia EXIT Festival, Coca-Cola Serbia, and SolSea have recently joined forces in a collaboration that merges physical and digital elements. This partnership aims…

Circle launches beta test of wallet-as-a-service for developers

Circle, the company behind the second-largest stablecoin USDC, has announced the beta testing of a new service enabling developers to integrate web3 wallets into their applications. USDC stablecoin issuer, Circle, has initiated a wallet-as-a-service program targeted at developers. The innovative service provides a platform for developers to integrate web3 wallets seamlessly into their applications, boasting a user-friendly design. The wallets have interoperability with any blockchain, thus broadening users’ accessibility to a spectrum of web3 digital assets like non-fungible tokens (NFTs) and cryptocurrencies. We quietly released the first major milestone of…