Day: December 15, 2023

Montenegro explores Bitcoin mining potential with renewable energy bonds

boss

Montenegro’s Prime Minister Milojko Spajić begins consultations for a Bitcoin (BTC) hydro bond utilizing the country’s abundant river resources. In a meeting on Dec. 14, officials in Montenegro discussed the possibilities of utilizing the nation’s abundant hydro resources for mining Bitcoin. The meeting was attended by the country’s Prime Minister, Milojko Spajić, Samson Mow of Bitcoin technology firm JAN3, Serbia’s Prince Filip Karađorđević and Ben Van Hool. JAN3 is known for efforts to expand Bitcoin access. Among other tools, the company proposes to use Bitcoin hydro bonds as a way…

The Sandbox Launches ‘Revamped’ Marketplace on Polygon for Reduced Gas Fees

The Sandbox is celebrating the launch of its marketplace on Polygon with a new NFT collection by 30 artists from its Creator Fund. Virtual gaming world The Sandbox has announced that its NFT marketplace is now available on the Polygon blockchain. The Sandbox Marketplace on Polygon was created to ‘further empower’ creators and enable the community to monetize their ASSETs at reduced gas fees. 📣 Introducing The Sandbox Marketplace on @0xPolygon! 📣 Anyone can now mint ASSETs with greatly reduced fees! 💰 Monetize your creations – Put your work up…

Binance to remove ETH, XRP, ADA liquidity pools to reduce slippage

Crypto exchange Binance is set to delist multiple liquidity pools with large-cap altcoins from its swap service. In a blog announcement on Dec. 15, 2023, Binance said it is going to remove multiple liquidity pools from its swap service, Binance Liquid Swap. The move is described as a periodical review, which Binance conducts in order to “concentrate liquidity, reduce slippage and provide users with better transaction prices.” Starting from Dec. 22, 2023, Binance will remove the following liquidity pairs: AAVE/BTC, ADA/ETH, ADA/USDT, ARB/BTC, BCH/BTC, DOT/BTC, DOT/USDT, ETH/DAI, FIL/BTC, LINK/ETH, LINK/USDT,…

Terra Luna Classic Rockets Over 300% And Collapses — More Pain Ahead?

boss

After an impressive 300% rally in the past week, Terra Luna Classic (LUNC) is now facing bearish pressure as it slumped nearly 10% this week. Despite positive internal news for LUNC, the bears still hold the market at a chokehold. According to CoinGlass, a total of $222,000 worth of long positions were wiped out in the past 24 hours despite the open interest remaining positive.  Terra Luna Classic: Internal Developments Drive Growth Terra Luna Classic is making some noise online with its community X account being fairly active this month.…

US dollar hits 4-month low as Bitcoin trader predicts 10% drop to come

boss

Bitcoin (BTC) may enjoy a familiar tailwind in the coming weeks and even beyond if new macro forces continue to play out. In a post on X (formerly Twitter) on Dec. 14, popular trader Crypto Ed, founder of trading group CryptoTA, eyed multi-month lows in U.S. dollar strength. Bitcoin trader targets sub-100 DXY dive Bitcoin and dollar strength have in the past exhibited inverse correlation. While this has decreased in recent times, changes to U.S. macro policy are now broadly seen to boost Bitcoin but pressure the greenback going forward.…

Goldman Sachs Predicts Booming Blockchain Asset Trading in Coming Years

Goldman Sachs, a leading global investment banking firm, has projected a substantial surge in trading volumes of blockchain-based assets in the next one or two years, with significant market growth anticipated in three to five years, according to an interview with Reuters. This forecast, as revealed in a recent Reuters interview with Mathew McDermott, the bank’s global head of digital assets, aligns with the growing interest in digital assets and blockchain technology observed across the financial sector. Goldman Sachs’ enthusiasm for blockchain extends beyond traditional cryptocurrencies like Bitcoin, which has…

Ripple issues white paper on CBDCs, reiterates belief in their potential

boss

Ripple has doubled down on its public support for central bank digital currencies (CBDCs) in a new white paper. The 23-page document was released by the blockchain-based digital payments company on Dec. 14, and Ripple explains the basics of CBDCs, their attractiveness, risks and barriers to widespread adoption. The white paper claims CBDCs help expand financial inclusion, streamline cross-border payments, and reinforce monetary policy control. It also states: “CBDCs are needed to support the most significant positive impacts of asset tokenization, an increasingly targeted mechanism for transforming tangible assets into…

Brazil signs its overseas crypto tax bill into law

boss

The President of Brazil, Luis Inácio Lula da Silva, has signed a law introducing the taxation of crypto assets held abroad by the country’s citizens.  Lula signed the law on Dec. 12, which was then published the following day in the official Gazette of the Union. With some reservations, the law will come into force from Jan. 1, 2024. The new taxes will not apply exclusively to crypto but also to profits and dividends gained by Brazilian taxpayers from investment funds, platforms, real estate or trusts abroad. The Brazilian government intends to…

Member of Parliament Calls for the UK Government to do More for Blockchain

“Now, I want to see the U.K. doing more to harness the power of blockchain technologies, to be that leader, to mark that step change because it’s vital that industry and policymakers work together to advance understanding and the application of the technologies,” Elphicke said at an event in London hosted by the All Party Parliamentary Group on Blockchain Technologies she chairs. The blockchain APPG is a cross party group, similar to the crypto APPG. Source

SEC is taking ‘new look’ at spot Bitcoin ETF applications

boss

U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler hinted that the regulator has updated its approach to Bitcoin (BTC) ETFs. In an interview with CNBC, Gensler was asked about considering applications for spot Bitcoin ETFs. In response, the head of the regulator noted that the SEC is now considering “from eight to a dozen applications.” According to Gensler, the SEC has rejected several applications in the past, however, the regulator now appears to be changing course. “We’re taking a new look at this based upon those court rulings.” Gary…