Author: NBTC
South Korea’s financial watchdogs have raised red flags over crypto lending and margin trading products recently launched by Upbit and Bithumb, warning of legal uncertainty and investor risks tied to high-leverage trading in the absence of proper safeguards. The Financial Services Commission (FSC) and Financial Supervisory Service (FSS) summoned officials from the country’s top five crypto exchanges last Friday to raise concerns, according to Korea JoongAng Daily. The warnings came after Bithumb launched a lending service on July 4, allowing users to borrow digital assets or fiat against crypto collateral, with up to 4x leverage across 10 tokens including Bitcoin…
VALR, the largest crypto exchange in Africa by trade volume, has launched xStocks on its platform, becoming the first crypto exchange on the continent to offer tokenized U.S. equities trading, based on details shared with Finbold on July 31. The service allows customers to gain price exposure to leading U.S.-listed companies including Tesla, Nvidia, Robinhood, Circle, and Coinbase through tokenization. Farzam Ehsani, Co-Founder and CEO of VALR, emphasized the significance of the launch for African markets: “The launch of xStocks on our platform represents a pivotal moment in advancing access to innovative products that brings choice and inclusion to people…
Bitcoin miner profits reached their highest monthly mark in July since the last halving in April of 2024, JP Morgan analysts wrote in a note published Friday. Miners were able to earn an average of $57,400 per EH/s in daily block reward revenue, the analysts, Reginald L. Smith and Charles Pearce, wrote. “July was another strong month for Bitcoin miners,” the report read. “Mining profitability reached the highest level since the most recent halving (Apr ’24), and ten of the thirteen miners we track outperformed BTC price appreciation for the month (+8%).” Bitcoin hit a record high of $122,838…
Stability World AI is excited to announce its groundbreaking collaboration with Ai Xovia to transform the future of decentralized finance. This partnership aims to build more transparent, intelligent, and utility-driven systems by merging artificial intelligence (AI) with human-powered execution. Stability World AI, a decentralized financial infrastructure powered by AI, has announced the news via its official X account. The other partner, Ai Xovia, is a next-generation autonomous finance ecosystem on the Solana blockchain. 🚨 Partnership AnnouncementWe’re thrilled to partner with @AiXovia — a next-gen autonomous financial ecosystem built on Solana, powered by AI and a human-powered execution network. Together, we’re…
Bhutan is cashing in on crypto, again. The tiny Himalayan nation accelerated sales from its crypto treasury and offloaded over 512.84 bitcoin , worth $59.47 million, in the past four days, according to blockchain tracking platform Lookonchain, as BTC soared to over $123,000. Bhutan still holds 11,411 BTC even after this round of selling, a stack currently valued at over $1.4 billion, per Lookonchain. The Royal Government of #Bhutan has been accelerating its $BTC sales!In the past 4 days alone, #Bhutan sold 512.84 $BTC($59.47M) — selling every day.They still hold 11,411 $BTC($1.4B).https://t.co/hiNf1ySQhUhttps://t.co/dcqekOeedc pic.twitter.com/b3cQy0ryk8— Lookonchain (@lookonchain) July 14, 2025 Unlike Germany…
A significant Amber Group ETH withdrawal has recently made waves in the crypto world. This move, involving nearly $60 million worth of Ethereum, immediately sparked discussion and speculation across the digital asset landscape. For anyone closely watching the ebb and flow of major crypto holdings, such a substantial transfer from centralized exchanges warrants a closer look. What are the details of this significant withdrawal, and what might it signal for the market and for Amber Group? Unpacking the Substantial Amber Group ETH Withdrawal Within the past hour, a wallet suspected to be linked to the prominent crypto financial services platform,…
Fifty-billion-dollar stablecoin firm Circle Internet Group has accused a circle-themed memecoin of “brand infringement,” leading to a modification of its ticker on Solscan. That’s according to an investor and member of the “Just A Circle ($CRCL)” memecoin community who told Protos, “Is it really necessary for [Circle] to be asserting infringement on a shape, or a stock ticker?” The token’s ticker on Solscan was changed from CRCL to SPL Token at some point in June. According to the investor, Solscan claimed, “We have received reports that this token uses copyrighted or trademarked material without authorization and is not associated with…
The Hong Kong Monetary Authority (HKMA) has revealed that stablecoin holders will be verified using KYC methods to alleviate financial risks derived from the usage of these assets. The authority explained that three types of institutions will be allowed to exert these verifications. HKMA: Hong Kong to Verify Stablecoin Users Hong Kong is now gearing up to introduce stablecoins into its financial system, taking precautions on the potential illicit uses of these assets. According to local media, the Hong Kong Monetary Authority (HKMA), the region’s central banking institution, will require full verification of stablecoin holders to address money laundering risks.…
Coinbase, the largest cryptocurrency exchange in the United States, continues its altcoin listings at a rapid pace, and lastly, last night, it announced that it would list the altcoin ResearchCoin (RSC) on the Base network. Following this listing news, the price of ResearchHub’s reward token, ResearchCoin (RSC), has surged, increasing by approximately 12% in the last 24 hours. Coinbase’s listing of ResearchCoin has sparked controversy, with RSC expressing concerns on social media about a potential conflict of interest with Coinbase CEO Brian Armstrong. ResearchHub is a project founded in 2019 by Coinbase CEO Brian Armstrong and scientist Patrick Joyce, which…
The Bitcoin (BTC) mining difficulty hit an all-time high of 127.6 trillion this week, but is projected to drop during the next difficulty adjustment on August 9. Mining difficulty is expected to fall by about 3% to 123.7 trillion in the next adjustment period, and the current average block time is about 10 minutes and 20 seconds, according to CoinWarz. Data from CryptoQuant shows that the mining difficulty fell in June, with a sharp drop-off at the end of month and the first two weeks of July, when difficulty fell to 116.9 trillion. However, the difficulty level resumed its long-term…