Author: NBTC
The Dutch finance ministry has denied requests for additional funding to monitor the crypto sector amid new European regulations. The Dutch finance ministry has rejected multiple requests for additional funding from the local financial regulator to enhance its oversight of the crypto sector. According to local news reports, the ministry has also imposed limits on the contributions that the Authority for the Financial Markets can seek from the financial sector itself. You might also like: Tether CEO warns MiCA stablecoin rules could pose ‘systemic risks’ to EU banks The AFM, which regulates financial markets in the Netherlands, argues that increased…
Disney joins the web3 bandwagon and enters the metaverse with a Carrieverse partnership. Fans can engage with iconic Disney and Pixar characters in Carrieverse. In celebration, Carrieverse hosts an event tied to CVTX, signaling strong market interest. Disney makes its official entrance into the metaverse with its latest Carrieverse partnership. The entities have a content licensing agreement where the leading web3 platform will integrate Disney’s iconic characters including Pixar characters into the digital world of Carrieverse. The development of the Disney Exhibition Hall has begun!Although it’s still under construction, you’ll be able to see the Disney logo for yourself in…
Lugano’s Plan ₿ Biz School educates students on Bitcoin and blockchain technology. The Plan ₿ Business Hub in Lugano will house over 300 blockchain experts. Lugano’s initiative includes 500 student grants and a 100M+ CHF investment pool for blockchain startups. The City of Lugano, Switzerland, has launched ‘Plan ₿ Biz School,’ a new initiative designed to teach students about Bitcoin. The project is part of Lugano’s Plan ₿, a partnership between the city and Tether to integrate Bitcoin technology into the local financial infrastructure. JUST IN: The City of Lugano, Switzerland launches “Plan ₿ Biz School” to teach student about…
In a recent statement, QCP Capital, a famous cryptocurrency analysis firm, shared its assessment of Ethereum (ETH) following the approval and trading of Ethereum Spot ETFs. Wall Street witnessed a momentous event yesterday as spot Ethereum ETFs made their debut, generating over $1 billion in volume in their first day of trading. Grayscale Ethereum Trust (ETHE) led the way, accounting for nearly half of the total volume. It was closely followed by BlackRock’s iShare Ethereum Trust (ETHA) and Fidelity Ethereum Fund (FETH). James Seyffart of Bloomberg Intelligence shared his views, saying: “For me, they pretty much met expectations. In terms…
Intersect, a member-based organization for the Cardano ecosystem, recently shared an update it captioned as “Chang Readiness” in a recent tweet. The Chang upgrades, the first of which is anticipated for August 2024 (assuming community readiness) mark a crucial milestone in the Cardano upgrade road map. Chang effectively is the first hard fork on the Cardano network’s Voltaire era. This upgrade is more than just a standard update; it represents a significant advancement in blockchain technology, addressing fundamental challenges and unlocking new potential for the Cardano network. Chang Readiness 👀The hardfork working group have published a detailed review of ecosystem…
South Korean prosecutors are preparing to launch a new joint crypto-crime investigation division next spring. As reported by Aju Press, this strategic shift aims to address communication gaps with domestic agencies like the Financial Intelligence Unit (FIU) and other international bodies. The current ad-hoc unit will transition into a full-fledged division, enabling better coordination and efficient handling of crypto-related offenses. This development comes amid new evidence suggesting that North Korea’s Lazarus Group recently laundered over $150,000 in stolen cryptocurrency through a Cambodian payments firm. The sophisticated tactics employed by the attackers highlight the challenges in combating crypto-related crime in the…
BitMEX founder Arthur Hayes published a thought-provoking article discussing the dynamics of historical economic cycles and distinguishing between local inflation cycles and global cycles. Arthur Hayes: Bitcoin Overtakes Gold as Safe-Haven Asset in Local Economic Cycle Hayes argues that the current economic environment is a domestic inflationary cycle in which Bitcoin has emerged as a superior safe-haven asset compared to gold due to its independence from national control. In his analysis, Hayes touches on widespread views within the cryptocurrency community, such as the belief that the crypto bull market is over or that Bitcoin should rise along with large-cap US…
A total of $300 million worth of cryptocurrency was liquidated in the past day, causing a major decline on the market. The prices of important assets like Ethereum have dropped to all-time lows, causing significant harm even though this may not be the biggest liquidation event in history. For instance, Ethereum has dropped significantly from its recent highs, reaching $3,168. Since the recently released Ethereum ETFs have made institutional active selling possible, one of the main causes of this selling pressure is probably these new offerings. For cryptocurrencies, this has led to a difficult environment, especially in light of the…
A Gigachad (GIGA) investor got the Solana meme coin’s contract address tattooed on his chest. But once he posted the proof on Twitter, he discovered that the token address now permanently imprinted on his skin was actually wrong. Pseudonymous Twitter user Hop said he decided that he wanted to get a tattoo dedicated to his favorite meme coin because, he claimed, the token has completely changed his life “mentally, spiritually, and of course financially.” Another GIGA community member got the ticker tattooed, purportedly, when the token was at an $18 million market cap. Now with a market cap over $175…
Qatar is making strides toward establishing a regulatory framework for digital assets, signaling a shift from its previous hardline stance against cryptocurrencies. The wealthy Gulf state banned Bitcoin trading in 2018, but recent developments suggest it’s cautiously reconsidering its approach. Last year, Qatari financial regulators proposed a framework to regulate investment tokens backed by tangible assets. The Qatar Financial Centre Regulatory Authority (QFCRA) and the QFC Authority (QFCA) collaboratively developed this digital assets framework, aiming to bolster Qatar’s digital economy strategy. They sought industry feedback to refine the proposed regulations, with the final legislation expected in Q4 2024. The QFC…