Tag: Digital

Bank of Russia Suggests Tax Cuts for Long-Term Digital Asset Holders – Taxes Bitcoin News

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The Central Bank of Russia is proposing to introduce tax incentives for long-term holders of digital financial assets. The idea has been circulated with a consultation paper published for public discussions on the development of the digital asset market in the Russian Federation. Bank of Russia Talks Regulation in New Report Devoted to Digital Assets Market Russia’s monetary authority has published a report on the future of the Russian digital asset sector. The document explores the development of the market for digital financial assets (DFAs) and utility digital rights (UDRs),…

Bitcoin Miner Marathon Digital Misses Q3 Revenue Estimates, Lowers Hashrate Outlook for 2022

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The first risk, said Jefferies, is Marathon’s expectation of 3.2 EH/s to be plugged into a Compute North facility in Texas. In addition to regulatory delays, there’s the issue of Compute North’s bankruptcy, and whether Marathon might have to renegotiate terms with the hosting company. The other risk, said the bank, is 12.2 EH/s expected from Applied Blockchain (APLD) facilities in North Dakota and Texas, which are also facing regulatory delays. Original

Queen Máxima of the Netherlands comes out in support of digital euro

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Máxima Zorreguieta Cerruti, Queen of the Netherlands, said she was encouraged by the work the European Central Bank had accomplished in its efforts to launch a digital euro.  Speaking virtually at a European Commission conference ‘towards a legislative framework enabling a digital euro for citizens and for businesses’ on Nov. 7, the queen said a digital euro could encourage financial inclusion among underserved communities by circumventing roadblocks including transaction fees and documentation requirements. According to the regent, a central bank digital currency, or CBDC, in the European Union could help…

How Digital Assets Get Into Investable Indices

Since the inception of bitcoin in 2008, the digital asset industry has been growing at a rapid pace, accelerating the emergence of the new digital finance economy. This booming new asset class has resulted in the development of new investment vehicles and opportunities with thousands of different projects, use cases and applications using blockchain technology to transform industry infrastructure. While there is a wide range of estimates on the number of existing cryptocurrencies, the growth is clear. As of Oct. 26, 2022, coinmarketcap.com, coingecko.com and investing.com listed 21,522, 13,260, and…

New Digital Collectible Collections Art Gobblers and Keepers Propel NFT Sales 56% Higher This Week – Markets and Prices Bitcoin News

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Non-fungible token (NFT) sales increased a great deal during the last seven days as NFT sales jumped 56.73% higher than sales recorded the week prior. Over the last seven days, out of 889,499 NFT transactions, NFT sales volume reached a total of $170.48 million this past week. Art Gobblers and Keepers Collections Give NFT Sales a Push NFT sales have risen during the last seven days as sales volume increased by more than 56% tapping $170.48 million this week. Sales stemmed from 18 different blockchain projects and Ethereum (ETH) captured…

Tattoo industry expands into the NFT space amid digital culture shift

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Tattoos have been a universal phenomenon throughout the world for thousands of years, transcending cultural transformations and technological shifts. As the art continues to evolve, it has now taken steps into the nonfungible token (NFT) space in a bid to maintain relevant in an increasingly digital world. Known as Bang Bang in the tattoo industry, Keith McCurdy is one of the artists who hopes to merge the ethos of tattoo culture with disruptive technologies. He’s using a new type of rewriteable tattoo ink that appears and fades away under different…

‘Atomic Settlement’ — New York Fed Completes First Phase of Digital Dollar Experiment Called ‘Project Cedar’ – Bitcoin News

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The Federal Reserve Bank of New York has published findings stemming from an experiment dubbed “Project Cedar,” a protocol that uses a wholesale digital dollar in order to improve financial transactions. Michelle Neal, head of the bank’s Markets Group remarked on Friday that the research “indicated that settlement could occur in fewer than 10 seconds on average and that horizontal scaling was possible.” Fed’s New York Branch Releases Digital Dollar Findings Associated With Project Cedar On Nov. 4, 2022, the Federal Reserve’s New York branch published a report called “Project…

Crypto Firm Arca Closed Its Terra-Exposed Digital Yield Fund

Crypto hedge fund Arca shuttered its Digital Yield Fund less than a year after its launch due to the broader market downturn, a person close to the firm told CoinDesk. The fund had slightly over $20 million in assets under management at the time of its closure, and the capital was returned to investors, according to the person. Source

Digital Asset Exchange Crypto.com Rolls Out Support for Under-the-Radar DeFi Altcoin

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Singapore-based digital asset exchange Crypto.com is adding support for another low-cap decentralized finance (DeFi) altcoin. The exchange’s customers can now trade the native token of Ribbon Finance (RBN), a suite of DeFi protocols that aims to help users access crypto-structured products. RBN is trading at $0.34 at time of writing. The 179th-ranked crypto asset by market cap is down more than 3.5% in the past 24 hours and more than 9% in the past seven days. It’s also more than 93% down from its all-time high of $5.54, which it…

Bakkt Acquires Turnkey Platform Apex Crypto to Bolster Digital Asset Footprint – Bitcoin News

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Digital asset manager Bakkt Holdings, Inc., announced on Thursday that the company has acquired the firm Apex Crypto from Apex Fintech Solutions. Bakkt detailed that the acquisition of the turnkey crypto platform aims to “bolster Bakkt’s cryptocurrency product offering and expand its footprint into additional client verticals.” Bakkt to Expand Client Verticals With Different Offerings by Acquiring Apex Crypto On Nov. 3, 2022, Bakkt announced that the company has purchased a “turnkey” crypto-trading platform called Apex Crypto, a platform that offers trading solutions, custody, and more for a myriad of…