Blur’s P2P perpetual NFT lending protocol “Blend” has announced support for the popular art collection Moonbirds. The move comes as the BLUR token experiences a notable surge in value following its Binance listing. The Blend platform operated by Blur will now enable users to engage in lending, bidding and listing using Moonbirds NFTs. This integration offers users a novel buy-now-pay-later option with Ethereum, paralleling the recent uptick in BLUR token’s market performance. The BLUR token’s price escalated by over 80% after its Binance listing, emphasizing the growing interest in Blur’s marketplace and its offerings. Moonbirds and Blend’s Strategic Collaboration Blur’s Blend platform has taken a significant step by integrating Moonbirds into its NFT lending service. This integration allows users to leverage their Moonbirds NFTs to earn various points and opt for a flexible payment structure using Ethereum. Such enhancements in the platform’s functionality are expected to attract more users and broaden the scope of NFT utility in the digital asset market. BLEND ANNOUNCEMENT Blur Lending (Blend) support is now live for Moonbirds. You can now earn bidding, listing and lending points on Moonbirds. pic.twitter.com/HVQT6VeyJJ — Blur (@blur_io) November 28, 2023 The recent growth of the BLUR token, which saw its value jump from $0.16 to $0.62 within a month, reflects the burgeoning interest in Blur’s offerings and the overall NFT market. This growth trajectory was further amplified by the token’s listing on Binance, a leading cryptocurrency exchange. Market analysis shows that just 20 addresses now hold a significant portion, approximately 93.67%, of the BLUR supply. This concentration of ownership indicates substantial investor confidence in the platform’s future, aligning with the increasing prominence of NFTs in the broader crypto ecosystem. Blur’s strategic expansion and the impressive performance of its BLUR token underscore the platform’s potential to significantly influence the NFT lending space. This development marks an exciting phase for the platform, potentially setting new trends in NFT utility and lending mechanisms within the digital asset industry. The integration of Moonbirds into Blur’s Blend platform, coupled with the rising value of the BLUR token, positions Blur as a notable player in the evolving NFT market. The platform, with its ongoing innovation and service expansion, stands ready to significantly influence the future of NFT utilization and lending in the digital asset landscape. The post Blur’s Lending Platform Blend Expands NFT Lending to Moonbirds appeared first on Metaverse Post.

The post 7 Top Cryptocurrency Coins To Invest In For 2024 That Holders Could See Explode appeared first on Coinpedia Fintech News Cryptocurrency investing has become an extremely profitable activity for investors who can pick the right coins. However, with over 10,000 token in existence and more launching each day, it can be challenging to identify the top crypto performers. This article will highlight seven promising cryptocurrencies investors may wish to buy and hold through 2024. 1. Meme Kombat (MK) One of the top crypto coins that could explode in 2024 is Meme Kombat (MK), a gaming platform built on the Ethereum blockchain. Meme Kombat’s main feature is a battle arena where users can watch AI-powered fights between meme characters and bet on their outcomes. Prizes are paid out in MK, Meme Kombat’s native ERC-20 token, which can also be staked to earn high yields. Due to its meme coin branding and unique features, Meme Kombat has attracted massive attention in its presale and raised over $2.2 million. Early investors can buy MK tokens through the presale for $0.214 before their DEX launch in January. 2. Bitcoin ETF Token (BTCETF) Next is Bitcoin ETF Token (BTCETF), designed to speculate on the potential market impacts of a spot BTC ETF being launched in the US. Due to the seismic nature of a spot ETF launch, many early backers believe the BTCETF price could soar – especially given its unique tokenomics setup. Every time an ETF approval milestone is reached, such as an official launch date, 5% of the total BTCETF supply will be burned. In addition, a 5% transaction tax will be implemented on BTCETF transfers, further reducing the total supply over time and potentially enhancing value. Although not yet available on exchanges, would-be investors can buy BTCETF tokens for $0.006 ahead of its IEO through the presale at btcetftoken.com. 3. TG.Casino (TGC) TG.Casino (TGC) is a top crypto casino integrated directly into the Telegram app, allowing users to play casino games and bet on sports markets anonymously. Offering fast deposits/withdrawals and boasting a gaming license from Gaming Curacao, TG.Casino seeks to set itself apart from other projects in the GambleFi space. The casino’s native token, TGC, can be staked to earn impressive yields and is also part of a buyback-and-burn mechanism designed to reduce the total supply. TG.Casino users who gamble using TGC will even receive 25% cashback on their losses. The TGC presale has already raised over $3.1 million in funding, with early investors able to buy TGC tokens at the discounted price of $0.17. 4. Bitcoin Minetrix (BTCMTX) Bitcoin Minetrix (BTCMTX) is another cryptocurrency that could explode in 2024 due to its unique Stake-to-Mine feature. This feature allows users to stake BTCMTX, the ecosystem’s native token, to earn cloud mining credits. These credits can then be burned to earn mining power – used to mine Bitcoin virtually and earn recurring rewards. Users can also stake their BTCMTX tokens to earn yields of 132% per year, thereby creating a dual-earning approach that could prove fruitful over the long term. Like the three projects mentioned previously, Bitcoin Minetrix is still in its presale phase, yet interested investors can buy BTCMTX tokens during the current stage for  5. Solana (SOL) Solana (SOL) is already a top crypto that investors may wish to watch in 2024 due to its potential in the blockchain space, and deep correction from its all-time high ($260 in Nov 2021, now $60 as of late 2023). Boasting fast transaction speeds, low fees, and immense scalability, Solana has become the go-to blockchain for many DApp developers. Additionally, Solana has obtained partnerships with companies like Visa, helping boost credibility and adoption. If integration and innovation continue at their current rate, Solana could be poised to compete with Ethereum next year – which might be great news for the SOL price. 6. Immutable (IMX) Investors seeking a top crypto project may also wish to consider investing in Immutable (IMX), given that it acts as a layer-2 scaling solution for NFTs. Immutable offers benefits like instant trade confirmation, zero gas fees, and carbon-neutral minting. Moreover, Immutable has forged partnerships with the likes of GameStop, helping boost its visibility and create new use cases. With the IMX token now listed on an array of Tier-1 exchanges, there’s a chance it could continue growing in 2024 as layer-2 solutions become more widely used. 7. Celestia (TIA) Lastly, Celestia (TIA) is a modular blockchain network that addresses scalability issues by decoupling execution from consensus. This approach is designed to help Celestia solve the scalability issues facing major chains like Ethereum. Using Celestia, developers can build custom blockchains themselves while benefiting from the security of the main consensus layer. In Q4 2023 TIA has already ranked among the top trending crypto projects, thanks to its recent Coinbase listing. As more developers use Celestia to build, there’s likely to be increased demand for the native TIA token – which could see it explode in 2024. 

HM Revenue and Customs (HMRC) in the United Kingdom has announced a new system that will allow taxpayers to “voluntarily” disclose any unpaid tax on various digital assets. This action is part of the government’s broader strategy to improve oversight of the emerging asset class, which includes cryptocurrencies. This initiative, which was announced on November 29, 2023, covers a wide range of crypto assets, including exchange tokens like Bitcoin, non-fungible tokens (NFTs), and utility tokens. The framework established by the regulator allows individuals to proactively disclose any unreported income or gains from crypto assets. This approach aims to help taxpayers correct their tax affairs while potentially avoiding harsh penalties and interest charges for noncompliance. To begin, users must obtain a Government Gateway user ID and gather detailed information about their crypto assets, such as personal information, a National Insurance number, the number and amount of transactions, and comprehensive financial data. Capital Gains Tax, Income Tax, interest, and penalties must all be calculated. The system prioritizes determining the length of time that the unpaid tax must be disclosed, which varies depending on the taxpayer’s behavior—whether it involved reasonable care, carelessness, or deliberate omission in previous tax filings. The period of disclosure ranges from four years for those who exercised reasonable caution to twenty years in cases of deliberate misinformation. The HMRC has created tools and resources, such as penalty and interest calculators, to help taxpayers accurately assess the financial consequences of their crypto-asset transactions. The procedure concludes with the submission of a disclosure form and the payment of all owed amounts, including taxes, interest, and penalties. The new system demonstrates the UK government’s commitment to modernizing tax collection mechanisms in response to technological advances. Its goal is to ensure fair taxation and compliance across all financial sectors while also bringing clarity and efficiency to the taxation of crypto asset gains, in line with global trends in digital asset regulation. The UK’s His Majesty’s Treasury (HMT) unveiled a regulatory framework for crypto assets about a month ago. According to Brian Quintenz of a16z Crypto, this move is part of an effort to integrate cryptocurrencies into the UK financial landscape. Airdrops are excluded from token issuance regulations, and non-fungible tokens (NFTs) are classified as non-financial services activities, according to the framework. Decentralized finance (DeFi) is approached in a balanced manner, avoiding a ban while encouraging innovation. The HMT framework does not equate cryptocurrency trading with gambling, with the goal of aligning with international regulatory standards and fostering crypto innovation. The recent tax warning appears to be another step toward bringing various crypto activities under financial services regulation.

Coinspeaker Animoca Brands Records Huge Success with Season 2 of Publisher NFTs Sale Animoca Brands announced that Season 2 of its Publisher NFTs surpassed all expectations, having already sold out. It shared this in a recent announcement, revealing that the sale of all 720 Publisher NFTs brought in 538,560 EDU tokens in total. That is approximately $315,517, at the time of sale. The sale follows a November 2022 announcement when Animoca revealed that it had sold out of the first batch of six TinyTap Publisher NFTs. In total, the batch generated 138.926 ETH (approximately $228,000 at the time of sale) in revenue. This means that the six teachers who authored the content linked to the Publisher NFTs saw 67.7 ETH. That is approximately $111,000  at the time of sale. Animoca to Pay Educators with Revenue from Publisher NFTs Sale Recall that the Publisher NFTs were created by Animoca’s subsidiary and edtech platform TinyTap, and the sale was facilitated by the community-led Web3 education protocol Open Campus. So, the amount generated will serve as upfront and even continuous revenue for the 168 educators on the TinyTap platform. When TinyTap introduced the concept of Publisher NFTs, it aimed to use it to support content creators in the line of education and publishing. More so, in a way that would give these creators better rights to their educational content on TinyTap. It might be worth mentioning that content on the TinyTap platform has always generated revenue. That is even before they were linked to NFTs. However, with Publisher NFTs, that same content now grants creators new autonomy and improved earnings. Initially, educational creators will get 50% from the proceedings of their NFTs. They also get a 10% ongoing share of the revenue share that the NFTs generate. And, lastly, creators now have access to royalty consisting of 5% of the secondary sale of their NFTs. Impact of Digital Assets on Education For what it’s worth, digital assets appear to be shaping the education sector in an unprecedented way. For example, the Publisher NFTs now allow creators to fully focus on creating more content. That is because anyone who buys the NFT automatically becomes a co-publisher of the content linked to the NFT, and can receive a share of up to 80% of the revenue share the content generates. So, the onus is on the NFT holder to promote and market the content, says TinyTap. According to the CEO of TinyTap Yogev Shelly, the just concluded sale brings more to education than just the earning opportunity for creators. Shelly said in part: “It’s about building a future in which communities play a pivotal role in shaping curricula and empowering teachers and content creators to pave a path toward true educational autonomy.” TinyTap was founded in 2012 and has grown to become the world’s largest educational games library. Notable publishers that it has worked with include Oxford University Press, Sesame Street, Pinkfong, and many more. next Animoca Brands Records Huge Success with Season 2 of Publisher NFTs Sale

U.K. Government Warns of Penalties for Unpaid Taxes From Crypto, NFT and Utility Token Holdings In an effort to tighten its control over unpaid crypto taxes, the UK government is urging cryptocurrency users to voluntarily disclose their capital gains or income related to digital assets such as cryptocurrencies, non-fungible tokens (NFTs), and utility tokens. In an announcement published on Nov. 29, the HM Revenue & Customs has advised crypto holders in the UK to voluntarily report their unpaid capital gains and income taxes from digital assets to avoid potential penalties. In the guideline, crypto asset holders are being urged to carefully assess the extent of their unpaid crypto taxes. The number of years to disclose depends on the degree in which the individual has notified authorities or paid previous taxes. Those who have taken “reasonable care” in managing tax affairs will need to pay taxes for 4 years, while those who “did not take care” have to pay what they owe for 6 years. Meanwhile, individuals that “deliberately misled HMRC” will have to pay taxes owed over a maximum of 20 years. Those who have made a disclosure are granted a 30-day timeframe to pay all outstanding taxes on digital assets. Failure to meet this deadline could result in repercussions, including actions taken by the Treasury to recover unpaid amounts. As part of the ongoing efforts to improve tax reporting requirements, the UK government intends to introduce a dedicated section in self-assessment tax return forms for cryptocurrency holders to disclose their gains. This planned change, expected to be implemented in the 2024-25 fiscal year, aims to streamline reporting procedures and enable tax officials to more effectively cross-reference customer information. The UK aims to be a global hub for the cryptocurrency industry. Alongside tax regulations, the UK government has announced its final plans for regulating crypto assets under the Financial Conduct Authority (FCA).

By now, hearing “NFT” in any context evokes some sort of reaction — good or bad. Some may be immediately thrust back to the spring of 2021 when digital artist Beeple sold an NFT of his original artwork for $69 million. Others might remember Peter Davidson’s singing “What the hell’s an NFT?” on Saturday Night Live. But for others, it’s less about novelty and more about utility.   Whether we like it or not, NFTs are so much more than the artwork that captivated the world two years ago. Their inherent capabilities — due almost entirely to the blockchain technology they are built on — lend themselves to industries and use cases that require transparency, authenticity and airtight security.  Consider healthcare and education as prime examples. In recent times, both sectors have encountered instances where individuals, such as nurses and teachers, were employed based on fraudulent qualifications. In May, the Washington Post highlighted a case where approximately 2,800 people acquired credentials from unaccredited schools without attending classes, passing the National Council Licensure Examination and subsequently using this achievement to secure better job opportunities. This is where NFTs can come into play. Schools can address this problem by issuing NFTs for certifications or credentials to students who have genuinely attended and completed their curriculum. By possessing these NFTs, students gain a credible means to demonstrate to potential employers that they have successfully fulfilled the educational requirements for the role. Employers can easily verify this information since NFTs serve as unique, unmodifiable identifiers. The Department of Motor Vehicles (DMV) — an antiquated, bureaucratic and frustratingly slow entity — is even considering incorporating NFT technology into its operations. Earlier this year, the California DMV — the state with the highest number of car registrations in the U.S. — tested digitizing car titles and registration as NFTs through the Tezos network (an open-source blockchain). The objective is to enhance efficiency and maintain more accurate records due to the immutable nature of NFTs. While still in the early stages of testing, this development holds great promise, potentially significantly improving the lives of Californians and many others in the future. Perhaps the most exciting, and certainly the most promising, is the incorporation of NFTs into event ticketing for the sports and entertainment industries. Following countrywide backlash from Ticketmaster’s handling of Taylor Swift’s Eras Tour and Beyonce’s Renaissance World Tour, it’s become increasingly clear that the ticketing industry at large is in need of an overhaul. From the influx of bots purchasing tickets immediately upon their release to price gouging and counterfeit sales, there is much work to be done. The NFL took an important first step in 2021 when it mandated that all tickets be digital to alleviate security issues and allow the league to track secondary market sales more accurately and efficiently. The innovative change from digital tickets — which is the norm today — to NFT ticketing would offer an even bigger increase in ensuring tickets are authentic, verified and secure. Additionally, NFT ticketing can significantly aid event ticket issuers by simultaneously offering seamless interactions with fans about event notifications, giveaways, services and more.  Ultimately, the potential for NFTs to impact and revolutionize daily life is extremely evident. Through their unmatched security, transparency and authenticity, NFTs have the ability to change the way we handle digital assets and could help shape the future. Through each of these various real-world use cases — education and healthcare credentials, DMV verification and NFT ticketing — NFTs would be able to usher in a new and improved era of efficiency and trust while ultimately providing a better future, user experience and higher quality of life. Anthony Georgiades is the co-founder of Pastel Network. This article was published through Cointelegraph Innovation Circle, a vetted organization of senior executives and experts in the blockchain technology industry who are building the future through the power of connections, collaboration and thought leadership. Opinions expressed do not necessarily reflect those of Cointelegraph.