Author: NBTC

The decision hands an EU-level supervisor the reserves behind a token Circle said had $73.3 billion in circulation worldwide at the end of June, up 19% from a year earlier. The largest dollar stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat…

Source: X Chen Fang, BitGo Korea CEO and BitGo Chief Revenue Officer, said the approach reflects a “long-term commitment” to Korea’s regulatory framework. Supporting the move, Abel Seow, Managing Director and Head of APAC Sales at BitGo, stated that there is growing interest in security alongside local regulatory alignment. All together, the approval expands institutional custody competition while showing foreign crypto firms can enter South Korea directly by meeting domestic requirements. $HTX-Kraken compliance dispute deepens As BitGo builds regulated infrastructure for institutions, another exchange dispute shows how those same compliance systems can affect ordinary fund transfers. $HTX, which has been…

Market Snapshot Currently, Base’s price is stable at $0, with no trading volume reported in the last 24 hours. Despite the stagnant price action, the insights from Jesse indicate a potential for increased activity in their financing markets. As more users recognize the benefits of tokenized stocks, we may see a change in trading dynamics on the platform. This could also correlate with broader movements in the cryptocurrency market, which is experiencing varied momentum across major assets. Base is an emerging platform that provides services for tokenized stocks, aiming to enhance liquidity and accessibility in the financial markets. Its focus…

At the United Nations General Assembly, Iran proposed an agreement to reopen the Strait of Hormuz, a major oil chokepoint disrupted by the war, for a seven-day period and pause fighting, followed by broader negotiations on issues. Trump, however, rejected the proposal, saying that Iran is looking for a deal because it was under heavy pressure. Trump also stressed on Truth Social that Iran “cannot have a nuclear weapon.” This lingering geopolitical uncertainty has stoked inflation fears since the war began in early March, lifting Treasury yields. The 10-year yield has risen by 127 basis points to 5.20%, the highest…

What the Data Shows Currently, the cryptocurrency market is experiencing a variety of trends, with momentum fluctuating across different assets. While no recent price changes for tokenized stocks were reported, the significant growth in the tokenized share market is a crucial indicator of investor sentiment. The reported market cap figures suggest that traders are increasingly interested in tokenized solutions as alternatives to traditional asset classes, potentially signaling a shift in investment strategies. Token Terminal is an organization focused on enhancing transparency in the cryptocurrency market through data analytics and insights. The recent uptick in tokenized stock market cap illustrates the…

The moves come as $QNT trades around $247, up roughly 27.5% over the past 24 hours, according to CoinMarketCap. The asset has traded between $196.11 and $357 during the period, while 24-hour volume has climbed to about $1.55 billion. 8,250 $QNT Moves to Binance Lookonchain identified one wallet, beginning with 0x6d32, that had been dormant for more than three years before sending 8,250 $QNT, valued at around $1.88 million, to a Binance deposit address. Arkham data shows the 8,250 $QNT transfer occurring roughly 13 hours before the snapshot. The same wallet had interacted with Binance several years earlier before entering…

The application also covers cash denominated in U.S. dollars, euros and British pounds, as well as jewelry, bank deposits and investment portfolios. Notably, the $DOGE holdings have reportedly already been converted into cash by British judicial authorities and deposited into an interest-bearing account. Massive $6 billion crypto fraud The confiscation proceedings stem from a massive investment fraud scheme allegedly orchestrated by Qian through Tianjin Lantian Gerui Electronic Technology. Between April 2014 and August 2017, the company illegally raised approximately 40.38 billion yuan (roughly $6 billion) by selling fraudulent investment products that promised substantial returns. According to Chinese prosecutors, the scheme…

Replacing the Proof System Protecting historical data is only part of the migration. Aztec’s current CHONK proving system relies on elliptic curves and pairings, according to its technical documentation. The roadmap says a sufficiently capable quantum adversary could forge proofs, which demonstrate that private transactions follow the network’s rules. Aztec’s Alpha V5 went live on mainnet in July. Its proving-system design calls for users to generate proofs on phones or in browsers, while combining proofs for multiple contract calls without excessive memory requirements. The replacement must preserve those capabilities. Aztec separately disclosed a critical V5 proving-system flaw in August that…

This follows a 2% bitcoin price drop to $82,800 24 hours after President Donald Trump declined to rule out further strikes on Iran before the U.S. midterm elections. However, bitcoin is still more than $20,000 above its summer cycle low and is still the best performing asset of the third quarter. $BTC Open Interest (Coinglass) Gold under pressure as dollar rises Bitcoin is not the only nursing losses. Gold is also down 3% over the past 24 hours, trading around $4,150 an ounce. The bitcoin to gold ratio, which measures how many ounces of gold one bitcoin can buy, is…

Myriad: Where does Solana go next? Click to make your prediction. Allaire pointed to rising organic demand for stablecoins across Southeast Asia, Latin America, Africa, and the Middle East from people and businesses looking to tap into an internet-based economy. The technology, he said, is moving “from the early adopter phase of blockchain technology into the mainstream scaling phase.” Stablecoins are cryptocurrencies pegged to a traditional asset, usually the U.S. dollar. Circle’s $USDC holds about 25% of the stablecoin market, compared with roughly 60% for Tether’s $USDT. $USDC’s circulation rose 19% year over year to $73.3 billion in the second…