Author: NBTC
The Dubai Virtual Assets Regulatory Authority (VARA) has published a circular requesting that VASPs adhere to the AML requirements for the updated list of high-risk jurisdictions set by the FATF. In its communication, VARA requested that Virtual Asset Service Providers (VASPs) comply with all compulsory rulebooks, especially the Compliance and Risk Management Rulebook. As per the announcement, this is part of VARA’s mandate to assure market stability, which is in turn contingent on every participant’s financial robustness and responsible market conduct. These rules collectively allow the industry to operate on par with best-in-class international standards. VASPs required to comply with…
South Korea’s central bank has launched a pilot project that aims to digitize payment vouchers as part of its wider central bank digital currency (CBDC) trial. The Bank of Korea (BOK) announced the new pilot last week. The initiative seeks to expand the use cases of the upcoming digital won. BOK partnered with the Financial Services Commission (FSC) and the Ministry of Science and ICT on the initiative. It also involves some of the country’s largest banks, including Shinhan Bank, Kookmin Bank, Woori Bank and Nonghyup Bank. Vouchers are popular in many Asian nations, and South Korea is no exception.…
In a recent post, Robert Kiyosaki, author of the best-selling book “Rich Dad, Poor Dad,” shared some insights on how money reveals true character. The gist of his message was that wealth makes your existing traits more obvious. So whether you are greedy, kind or intelligent, those traits will be spotlighted when you have more resources. The underlying wisdom, according to Kiyosaki, is that smarter money management leads to greater wealth, while bad habits can lead to losses. WORDS of WISDOM : Money does make you who you are. MONEY REVEALS WHO YOU REALLY ARE: If you are greedy….more money…
Ethereum saw a significant 8% drop over the last 24 hours, creating mixed reactions from large holders or “whales.” These major players employ distinct strategies in response to the market shift, coinciding with the ongoing Devcon 2024, a significant event in the Ethereum ecosystem. While some whales withdraw large amounts of ETH from exchanges, potentially indicating a hold or accumulation strategy, others are depositing ETH back into exchanges, possibly preparing to sell. Here’s a closer look at two prominent whale actions and their potential market implications. Whales are taking different positions when #Ethereum dropped 8% (24H) despite the ongoing #Devcon…
Crypto investment products saw nearly $2 billion in post-election inflows, pushing year-to-date inflows to a record $31.3 billion, according to data from CoinShares. Crypto investment products recorded $1.98 billion in inflows following last week’s U.S. election, raising year-to-date inflows to a record $31.3 billion and bringing global assets under management to an all-time high of $116 billion, CoinShares reported on Monday, Nov. 11. This marks the fifth consecutive week of inflows, with the U.S. leading regional interest at $1.95 billion, followed by Switzerland ($23 million) and Germany ($20 million). Bitcoin led the inflows, attracting $1.8 billion last week and bringing…
Maneki, Moo Deng, and Sundog have surged between 40% and 55% over the past 24 hours as meme coins dominate crypto trading following Donald Trump’s victory in the U.S. presidential election for a second term. Bitcoin (BTC) jumping to a new all-time high above $76k to reach a new peak for the second day in a row has bulls rearing to go. The surge also saw 11k new Bitcoin millionaires emerge. However, meme coins have shown the largest gains among the top 500 coins by market cap, drawing significant attention. You might also like: Dogecoin price enters correction: could DOGE…
NEW YORK Nov 13 (Reuters) – Congress is likely to adopt legislation governing cryptocurrencies during President-elect Donald Trump’s administration, Jay Clayton, a former top Wall Street regulator and potential political appointee, said on Wednesday. Clayton also said he favored easing regulatory burdens to encourage companies to go public, remarks foreshadowing broad-based changes in public policy now anticipated by industry, which spent heavily to influence this month’s elections. “I think we will see crypto legislation,” Clayton told a gathering of securities lawyers in New York. “I think it becomes much easier to have crypto legislation if you’re tackling some of these…
Although social media like TikTok have revolutionized communication, TV remains a powerful tool for educating people about blockchain and Web3. Its longer formats indeed provide the context and depth necessary for understanding, according to Sander Gortjes, co-founder and CEO of Hello Labs. In this article, we see all the details. Won’t TikTok be the key to educating the masses about blockchain? Inspiration from Shark Tank and the example of Joe Rogan’s podcast TV as a bridge to the mainstream Won’t TikTok be the key to educating the masses about blockchain? In an era in which short and engaging content dominates…
As the price surge of Bitcoin surpasses the $70,000 region, will the flag breakout rally extend to the lofty $80,000 region by November? The crypto market has reached a $2.4 trillion market cap, an increase of 4.8% over the past 24 hours. Bitcoin has also significantly increased by nearly 5% in the past 24 hours. Bulls anticipate the BTC price creating a new all-time high after crossing above the $70,000 psychological mark. Should you consider buying Bitcoin near its all-time high? Bitcoin (BTC) Price Analysis The Bitcoin (BTC) price is currently trading at $71,173, surpassing the crucial psychological mark and…
Ethereum price started a downside correction from the $3,450 zone. ETH is now consolidating and facing hurdles near the $3,250 resistance. Ethereum started a short-term downside correction from the $3,450 zone. The price is trading above $3,120 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it remains stable above the $3,120 zone. Ethereum Price Hits Support Ethereum price started a fresh increase above the $3,1200 resistance like Bitcoin. ETH was able to climb…