Month: July 2023

‘Extended reality’ to create 860K jobs by 2025: EU Commission

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The European Commission has tipped “extended reality” — technology that enables people to interact with virtual worlds — will create as many as 860,000 jobs in Europe by 2025.  Extended reality or XR is an umbrella term for immersive technologies including virtual reality, augmented reality and mixed reality, and is a “major technology enabler” for virtual worlds, said the Commission on July 11. Europe throws its hat in the ring to become a world leader in Web 4.0 and virtual worlds. The new internet will impact the way people live…

Northern Trust Partners with NUS to Advance Blockchain for Institutional Investors

Nasdaq listed company Northern Trust (NTRS), the National University of Singapore’s School of Computing (NUS Computing), and the Asian Institute of Digital Finance (NUS AIDF) have announced a series of initiatives aimed at shaping the future of blockchain for institutional investors. Northern Trust, a leading provider of wealth management, asset servicing, asset management, and banking services, has a global presence with offices in 25 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East, and the Asia-Pacific region. On 23 June 2022, Northern Trust established…

LUNC token burn nears historical high of 70 billion

Approximately 68.3 billion LUNC tokens have been burned so far, accounting for approximately 0.99% of the total token supply. Of this burned amount, 44.8 billion LUNC tokens have recently been sent to the burning address. Restore the digital currency’s reputation Luna Classic HQ has announced that 68,303,850,914 tokens were burnt, representing 0.99% of the total supply, and of this amount, 44,789,088,501 has been sent to the burning address. The update comes as part of the decision to burn all Terra Classic tokens from the community pool and the tokens that…

Coinbase stock closes over 9% up following Cboe’s spot bitcoin ETFs partnership

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Coinbase’s shares experienced a significant uptick of 16% on Tuesday before closing 9.87% higher, following the announcement of a key surveillance-sharing agreement with Cboe’s BZX Exchange, marking a pivotal development in the management of its spot bitcoin ETF applications. On Tuesday, July 11, a notable surge was recorded in Coinbase‘s shares (COIN), which rocketed as much as 16% to reach a peak of $92.15. This surge in the company’s stock price is primarily attributed to a…

Cboe refiles 5 Bitcoin ETFs to include Coinbase surveillance agreements

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Exchange operator Cboe Global Markets has amended five spot Bitcoin (BTC) Exchange-Traded Fund (ETF) applications to include a surveillance-sharing agreement (SSA) with Coinbase. On July 11, Cboe amended filings with the United States Securities and Exchange Commission (SEC) for the ETFs from Invesco, VanEck, WisdomTree, Fidelity and the joint fund by ARK Invest and 21Shares. Cboe said it had “reached an agreement on terms with Coinbase” to enter into the SSA’s which were settled on June 21. The initial filings for the ETFs stated the parties were “expecting to enter”…

Crypto Bitcoin BTC Market Is on ‘Standby’ as Release of June Inflation Data Nears

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“For crypto assets, this all likely means continued range trading around current levels. Bitcoin seems to be holding fairly close to $30,000 at the moment which is a near 100% increase from January when it started the year at $16,540,” he said in a note. “There are few assets that perform this well in a “bear” market, and canny seasoned traders will likely have done well on BTC this year.” Original

Algorand’s defi protocol Algofi shuts down due to ‘confluence of events’

Algorand’s largest decentralized finance (defi) protocol Algofi will shut down as the platform says it is unable to maintain the highest standards following a “confluence of events.” Algofi sunsetting operations Algofi announced the news in a Medium blog post on July 11, stating that the platform will soon move to “withdrawal-only mode” and will also close down all its social media platforms except for its Discord channel “to ensure seamless, unified communication.” 1) Hey Everyone, We have some unfortunate news to share regarding the Algofi protocol. After a lot of…

Bored Ape Yacht Club to unveil new IP verification tool

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Non-fungible token (NFT) collection Bored Ape Yacht Club (BAYC) will be launching a new intellectual property tool with an on-chain verification solution for builders within the BAYC community.  Bored Ape Yacht Club, in partnership with blockchain protocol SaaSy Labs, will debut a new solution called Made by Apes “later this month.” The solution is aimed to enable BAYC members to seamlessly verify on-chain projects they are building while they can also have an official directory of…

US Senate Finance Committee asks digital asset community how to tax it in open letter

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United States Senate Financial Services Committee Chair Ron Wyden and ranking member Mike Crapo released an open letter to the digital asset community on July 11 asking for input on the taxation of digital assets. The senators are looking for solutions to highly complex taxation issues, so much so that they offered background reading from the Joint Committee on Taxation to prepare respondents. The Internal Revenue Code of 1986 provides “no straightforward classification for digital assets,” the senators said. They asked a large number of questions grouped into nine subject areas,…