Month: July 2023

Nigerian crypto tax move is โ€˜prematureโ€™ โ€” Local stakeholders

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The president of the Stakeholders in Blockchain Technology Association of Nigeria (SIBAN), Obinna Iwunna, has commented on the implementation of the Finance Act, 2023, which was signed into law on May 28. According to Iwunna, the successful execution of the law will be challenging due to its premature introduction. The act introduces a series of tax reforms aimed at modernizing the countryโ€™s fiscal framework. Among its provisions was the introduction of a 10% tax on gains from the disposal of digital assets, including cryptocurrencies. In a Cointelegraph interview, Iwunna criticized…

Bitcoin Ordinals volume hits $210M in Q2

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The creation of nonfungible token inscriptions on the Bitcoin (BTC) blockchain has led to over $210 million of trading volume forย Bitcoin Ordinals, according to the latest quarterly report from DappRadar. The data, which has been independently verified by Cointelegraph, shows that Bitcoin Ordinals’ booming popularity led to a sharp increase in trading volume through the second quarter of 2023. Bitcoin Ordinal trading volume increased from $7.18 million in the first quarter of the year, before a significant increase in trading value left the total trading volume for the Bitcoin-based NFTs…

Centralized Blockchain Payments Gain Traction As NY Fed Reports Success

Centralized blockchain payments have emerged as a promising solution to tackle the challenges plaguing the settlement process, as affirmed by the New York Federal Reserve after successfully concluding an extensive three-month experiment with prominent banks.ย  In a statement released on Thursday, the New York central bank revealed that the experiment hinged upon a groundbreaking concept known as the โ€œregulated liability network (RLN),โ€ which served as the foundation for constructing a theoretical payment infrastructure. This innovative framework was specifically designed to facilitate the seamless exchange and settlement of regulated digital assets,…

BTC Retakes $30K, Asian Stocks Drop to 5-Week Low Ahead of U.S. Nonfarm Payrolls (NFP) Report

The leading cryptocurrency by market value rose almost 1% to touch $30,300, reversing some of Thursday’s slide. The MSCI’s broadest index of Asia-Pacific shares, excluding Japan, extended the prior session’s weakness to drop to a five-week low, while U.S. stocks registered notable losses after a blowout ADP private-sector employment report for June raised concerns of higher interest rates. Source

Privacy is not the core feature of Bitcoin, KuCoin CEO says

Amid KuCoin exchange preparing to adopt mandatory Know Your Customer (KYC) checks, the companyโ€™s CEO argued that privacy is not the most important feature of Bitcoin (BTC). โ€œWhen it comes to the purpose of Bitcoin creation, I think privacy is just one of its features,โ€ KuCoin CEO Johnny Lyu told Cointelegraph in an interview on July 4. Instead of privacy, the core benefit of Bitcoin is a unit of exchange, which allows holders to hedge against recessions, Lyu hinted. The CEO mentioned that Bitcoin was created after the 2008 financial…

5 worldwide websites to find remote coding jobs

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If youโ€™re a coder or developer seeking remote work opportunities, here are five worldwide websites that can connect you with remote coding jobs. These platforms offer a diverse range of job listings, allowing you to find remote coding opportunities that match your skills and preferences. Explore these websites to discover exciting remote job opportunities in the programming field. 5 reasons why remote work is popular Remote work has become popular among coders due to the opportunities for global collaboration, improved work-life balance, increased productivity, advanced collaboration tools and the ability…

Lightning Labs unveils tools enabling AI apps to seamlessly interact with Bitcoin network

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 6, the Bitcoin Lightning Network development firm, Lightning Labs, introduced a new toolkit that enables artificial intelligence (AI) applications to interact with the Bitcoin network through its layer-2 solution.ย  Announcing a new set of tools to build Lightningโšกand #bitcoin-powered AI products for a global audience. Using L402, a standard for API authentication with LN payments, and @langchainAI, a simplified AI app framework, we are opening up #AI4All! ๐Ÿค–๐ŸŒŽhttps://t.co/EQseanCurv โ€” Lightning Labsโšก๏ธ๐Ÿ  (@lightning) July 6,…