Author: NBTC

Japanese crypto giant bitFlyer has completed its acquisition of FTX Japan, making it a fully owned subsidiary. Bitflyer, a Tokyo-headquartered parent company of the self-named crypto exchange, said it has completed the acquisition of FTX’s Japanese branch, buying out 100% of the outstanding shares of FTX Japan. In a Friday press release, BitFlyer said plans to integrate FTX Japan into its operations, rebranding the acquired entity as “Custody New Company” by Aug. 26. The new entity will seemingly focus on expanding bitFlyer’s crypto custody business, leveraging the company’s current operational resources and wallet technology. The financial side of the acquisition…

COTI has announced a strategic partnership with Xctuality, a phygital (physical + digital) ecosystem leader, to integrate privacy solutions across its diverse product range, including the innovative Persona NFTs. This collaboration aims to enhance privacy features and showcase new applications of COTI’s privacy technology. Xctuality has selected COTI as its primary privacy provider, aiming to deliver programmable security and confidentiality across various use cases, notably for its Persona NFT users. Persona NFTs allow holders to store their digital identities and build user preferences to form intent profiles for more tailored digital experiences. Real-World Applications According to the firm’s report, Xctuality’s…

Bitcoin (BTC) has formed a new resistance level at the $63,000 price region. However, the current resurgence in its network activity suggests a rally above this level is possible. So far, July has been marked by an uptick in activity on the Bitcoin network. Bitcoin Witnesses Surge in Daily Active Addresses On July 1, the count of unique addresses involved in at least one transaction involving the leading cryptocurrency asset totaled 902,000. This marked a 34% uptick from the 674,000 recorded in daily active addresses on the Bitcoin network on June 30. Additionally, the number of new addresses created for…

Positioning in ether’s options market counters concerns of a profit-taking-induced price drop following the ETF launch. The absence of a pre-launch pump reduces the “sell the news” risk, one observer said. Ether (ETH) options listed on Deribit are anticipating positive price outcomes from the expected debut of spot ETH exchange-traded funds (ETFs) in the U.S. on Tuesday. Data tracked by Amberdata show short-duration and long-duration call options are trading at a volatility premium to puts. That’s a sign traders expect price gains immediately after the introduction and in the months ahead. A call option gives the holder the right to…

Avail data availability mainnet officially went live, accompanied by the introduction of its native AVAIL token. Avail, which spun out of Polygon in early 2023, has raised $75 million in funding to date. The AVAIL token plays a crucial role in Avail’s ecosystem, being used to cover data availability fees and participate in network staking. Avail DA Mainnet & the AVAIL token are now live!Today marks the launch of Avail DA, the first modular data availability layer using validity proofs + data availability sampling. Now, build blockchains that truly scale with demand.The AVAIL token powers the network—pay fees,… pic.twitter.com/t3SNvRV8Sl —…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced a promotional USDC campaign as the latter becomes the first stablecoin to be officially approved by the EU. The campaign started on July 24 at 10:00 a.m. UTC and will run until Aug. 22. Bybit will offer various promotions, like airdrops, lucky draws and high APR, on USDC staking. New users get a 10 USDC airdrop for purchasing 100 USDC through P2P and Fiat Deposit. The campaign also includes lucky draws, with 30,000 USDC in rewards, where engaging in deposit activities increases winning chances. “USDC’s approval by the EU…

Deutsche Telekom will operate a standby masternode for XDC network. The telecom giant already runs nodes on other blockchains including Ethereum, Polygon and Polkadot. German telecommunications giant, Deutsche Telekom’s subsidiary announced on Thursday that it will expand its Web3 services to the XDC Network (XDC), a blockchain focused on tokenized real-world assets (RWA), trade finance and decentralized physical infrastructure (DePin). Deutsche Telekom MMS, dedicated to cloud and internet infrastructure, joined the network as an infrastructure provider and will operate a standby masternode. This type of node does not validate transactions on the blockchain as default, but will be called into…

Fears of sell pressure from Mt. Gox repayments and possible miner sales led to bitcoin dropping below $59,000, with major tokens like ether and Solana’s SOL also declining. Trading firm QCP Capital anticipates a subdued market in the next quarter due to uncertainty around the Mt. Gox bitcoin supply release. Fears of looming selling pressure on bitcoin (BTC) from defunct exchange Mt. Gox and possible miner sales pushed the largest cryptocurrency to under $59,000 on Thursday for the first time since late April. Mt. Gox will start distributing assets stolen from clients in a 2014 hack in July 2024, after…

Solana Monkey Business took Thursday’s top spot on CryptoSlam’s daily non-fungible tokens (NFTs) sales rank with US$679,182 in sales. This is the second time in the week that the collection led the market. It led Monday’s sales chart, but conceded the position for two days, though it remained in the top 10 list of both days. Solana Monkey Business now has an all-time sales volume of US$214.17 million for the 30th spot. It sits about US$2 million from CyberKongz, the 29th collection on the all-time sales list. The Solana blockchain, home to the top-performing Solana Monkey Business collection, also experienced…

Ethereum is expected to experience high volatility this week, as spot Ethereum (ETH) ETF trading will begin on Tuesday. Market participants in the derivatives sector are preparing for potential selling pressure on launch day, followed by a gradual recovery. The Chicago Board Options Exchange confirmed on Friday that several spot Ethereum ETFs from fund managers including Fidelity, Franklin Templeton and VanEck will begin trading on Tuesday, July 23. This announcement led to an increase in ETH options open interest, reflecting market expectation of an upcoming increase in price volatility for ETH. For example, the implied volatility of ETH options increased…