The Zapala Free Zone, an area located in Neuquen, Argentina that has the objective of incentivizing various productive activities, will receive its first bitcoin mining-related investment this year. The company that will create the power infrastructure for the mining farm aims to generate more than 114 MW of power for mining operations in the first […]

London, UK, 11th March, 2022,   London, UK, March 11, 2022 — Opdex, a new decentralized exchange based on automated market makers, is launching on the Stratis blockchain to provide DeFi support for its fledgling GameFi ecosystem.

US stocks tentatively rallied after Russian President Putin saw “certain positive shifts” in talks with Ukraine. Investors are cautiously buying risky assets as we’ve seen this movie before over the past couple of weeks… Russia signals an openness for talks and then shortly after their military has made further advancements or repositioned themselves. Russian airstrikes […]

South Korean voters have elected a crypto-friendly president. Yoon Suk-yeol of the conservative People Power Party has vowed to deregulate the crypto industry and introduce favorable tax laws for crypto investors. “To realize the unlimited potential of the virtual asset market, we must overhaul regulations that are far from reality and unreasonable,” he said. South…

The post South Korea Elects Crypto-Friendly President Who Vows to Deregulate Digital Asset Industry appeared first on Bitcoin News Miner.

On-chain data shows the USDC exchange inflow has spiked up. Historically, stablecoins have provided dry powder for kicking off new Bitcoin rallies. USDC Exchange Inflow Sharply Rose To High Values Recently As explained by an analyst in a CryptoQuant post, almost one billion USDC has flowed into exchanges recently. Past pattern suggests this may lead to uptrend for Bitcoin. The “USD Coin exchange inflow” is an indicator that measures the total amount of the stablecoin entering wallets of all exchanges within a given period. When the value of this indicator moves up, it means investors are depositing a higher amount of coins at the moment. Usually, holders transfer stablecoins to exchanges for converting them into a volatile crypto, like Bitcoin. They may also withdraw the coins to fiat. Investors use stablecoins like USDC when they want to exit volatile markets and hold on until prices are favorable enough for re-entering them. This implies that high stablecoin exchange inflows may show that prices are once again good for re-entry. Related Reading | Bitcoin Trading Volume Has Now Stabilized At High Values, But For How Long? Now, here is a chart that shows the trend in the USD Coin exchange inflows over the past year: Looks like the value of the metric has surged up to high values recently | Source: CryptoQuant As you can see in the above graph, the USDC inflow has spiked up over the past few weeks. These inflows have amounted to around 1 billion coins. There were two other instances earlier during the period where similar values were also observed. Looking at the Bitcoin price curve in the same chart, it seems like some time following such large spikes in the indicator, the value of the crypto has always surged up as well. Related Reading | Bitcoin Exchange Reserve Has Now Reached An Equilibrium After 2 Years Of Downtrend This makes sense as many investors deposit the USDC for converting to BTC, so such inflows provide for a fresh supply of dry powder for sustaining a rally. Now it remains to be seen whether a similar effect on the price of Bitcoin will also be there this time, or if this USDC inflow will pump some other coins instead. Bitcoin Price At the time of writing, Bitcoin’s price floats around $39.2k, down 10% in the last seven days. Over the past month, the crypto has lost 11% in value. The below chart shows the trend in the price of the coin over the last five days. BTC's price seems to have dropped down once again today | Source: BTCUSD on TradingView Yesterday, Bitcoin showed some sharp uptrend and broke above the $42k level again. However, today the coin looks to have plunged down once more. Featured image from Unsplash.com, charts from TradingView.com, CryptoQaunt.com

It only took an unintentionally flattering remark from a high-ranking US official to propel Bitcoin above the $41,000 level. Bitcoin (BTC) advanced early on Wednesday, boosting the entire crypto market, as US Treasury Secretary Janet Yellen’s inadvertently disclosed remarks indicated that US President Joe Biden’s long-awaited crypto directive will take a constructive approach to regulating…

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The Metaverse industry, in association with the non-fungible tokens (NFTs), has become one of the hottest tech sectors in recent months. Financial experts even projected that in the near future, the market valuation might be worth billions of dollars. Limitless potential, however, is a favorable point for cyber crime. For the first time in history, [...]

The post Governments Enter Metaverse Fray: Will Regulation Be Far Behind? appeared first on Blockonomi.

DUBLIN–(BUSINESS WIRE)–The “Electronic Health Record Market Research Report by Type, by Deployment, by End User, by Application, by Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to ResearchAndMarkets.com’s offering. The Global Electronic Health Record Market size was estimated at USD 29.14 billion in 2020, is expected to reach […]

The post The Worldwide Electronic Health Record Industry is Expected to Reach $52 Billion by 2027 – ResearchAndMarkets.com appeared first on Fintech News.

7 March 2022– Novum Global Ventures Pte Ltd, the company behind CryptoHero (www.cryptohero.ai), today announced that it has been awarded a Winter 2022 Top Performer Award by SourceForge, the world's largest software review and comparison website. This award recognizes exceptional companies and products with a significant amount of recent favorable user reviews that puts them in the top tenth percentile of highly reviewed products on SourceForge.

To win the Winter 2022 Top Performer award, each winner had to receive enough high-rated user reviews to place the winning product in the top 10% of favorably reviewed products on SourceForge, which demonstrates the utmost quality that CryptoHero delivers to customers.

“The entire CryptoHero team is excited to accept the SourceForge Winter 2022 Top Performer Award. We do our best to provide a best-in-class product, and we're happy to see our users rewarding us with good reviews. We're honored to be valued by our customers and to be recognized by SourceForge.”, said Christopher Low, CEO of Novum Global Ventures.

CryptoHero is a Software-as-a-Service that automates trades through intelligent crypto trading bots. Launched in early 2021, CryptoHero has grown rapidly in the last one year.

About Novum Global Ventures

Novum Global Ventures is a leading investment and technology company involved in innovative blockchain technologies. Its focus is in financial software, Defi and Gamefi. Novum is headquartered in Singapore with offices throughout Southeast Asia.

About SourceForge

SourceForge.net is the world's largest software comparison directory, serving nearly 30 million users every month and featuring user reviews, product comparisons, software guides, and more. SourceForge's mission is to help businesses find the best software to fit their needs and their budget. There are a variety of software tools available to businesses, and there are tools in almost every category and niche, each serving a slightly different purpose. SourceForge also powers the Slashdot.org/software/ business software and services directory.

Despite recovering from the turmoil of the Ukraine conflict, the bears seemed to be influencing the market. The likes of Enjin, Harmony, and IOTA give similar indications. Enjin Coin (ENJ) ENJ followed a downtrend since mid-February as the strength index hit rock bottom. The crisis in Ukraine was a potent factor behind the rapid sell-off. […]

With Russia hit by sanctions and being cut from the SWIFT system, many crypto watchers in the past few days have been talking about XRP’s place in the banking world, and the legal tangle of SEC vs Ripple. Verdict to come in a SECond? During an interview on Fox Business news, Ripple CEO Brad Garlinghouse shared his thoughts […]

Nischal Shetty, founder and CEO of the popular Indian crypto exchange WazirX, has appealed to the government to re-examine the proposed crypto tax law to build a favorable crypto ecosystem in the country. Does India’s Crypto Tax Need More Work? In a recent Twitter thread posted today, the CEO of WazirX, Nischal Shetty has appealed to the Indian government on implementing favorable laws for the next generation of crypto enthusiasts who are building and contributing to the upcoming blockchain and cryptocurrency ecosystem. Shetty believes that the proposed crypto tax should be at par with India’s highest population between the ages of 18-25 who are into crypto but not under the taxable income bracket. Concerning the TDS, Nischal feels that a 1% slab will make it virtually impossible for day traders, or high-frequency traders as investors could get their entire capital locked in it if they trade for only a few hundred times. Government has also extra work of refunding all such TDS as well, according to him. The WazirX Boss further pointed out the latest tax rules could even encourage “brain drain” as the lack of clarity makes it difficult for law enforcement as well as entrepreneurs to function effectively. Day 32 India needs to implement favourable laws for Crypto entrepreneurs & investors We risk losing #BUIDL talent & future gains from Crypto Issues: 1) 30% income tax irrespective of income slab2) 1% TDS on every trade 3) No clarity for crypto entrepreneurs#BuildForCrypto — Nischal (Shardeum) ⚡️ (@NischalShetty) March 5, 2022 30% Crypto Tax Bracket Highest in the Country Earlier in February, Indian Finance Minister Nirmala Sitharaman announced a crypto tax proposal of 30% on gains made from crypto tradings from April 1. The proposal also includes a 1% tax deducted at source (TDS) by crypto exchanges on transactions above 10,000 Indian rupees ($133). Reportedly, the 30% crypto tax bracket is the highest in the country and nearly double the corporate tax rate of 16%. The announcement saw a mixed reaction from the Indian crypto community with some calling it a welcome step towards recognizing the unregulated crypto market, while others called it regressive.

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