Author: NBTC
HashKey, an Asia-based crypto exchange, is venturing into the lands of Hong Kong after securing the operational license under the new licensing regime. Livio Weng, the Chief Operating Officer of HashKey, interacted with the media to share that HashKey will go live in the region on August 28, 2023, which is next Monday. The offering is initially only for retail traders, giving them access to the two most popular digital tokens. Bitcoin and ether will be the first tokens to go live on the crypto exchange platform. The reason for choosing Bitcoin and ether is that the market trend is…
The BCW Group has taken over the hashgraph.name domain service and will initiate total business and technical functions related to the platform. BCW is a venture studio and business solution company. Its expertise lies in creating the central framework and decentralized services throughout Web3. BCW has been instrumental in delivering multiple significant services in the Hedera ecosystem, like Hashport, a linking facility and Arkhia, a development tool and mirror node framework service. Up until now, almost 18,000 .hbar account handles have been created with a view towards Hedera accounts by hashgraph.name. The service handles allow for users on Hedera Public…
Bitcoin, the pioneer of cryptocurrencies, has been too volatile. If you started investing in Bitcoin in 2020, you might find the current market condition ‘bearish.’ It is called time capitulation. You can also consider it as the extended bear market that Bitcoin is currently experiencing. In this post, we are going to tell you about the bear phase of Bitcoin and strategies to overcome this situation for a beginner. The Longest Bear Market in Bitcoin’s History Michael van de Poppe’s tweet highlighted a significant concern among crypto enthusiasts – the prolonged bear market. He acknowledged the prevailing sentiment that the…
The prominent digital currency trading platform Coinbase, which also has a division for venture capital, is collaborating with the reputable blockchain company Socket. The primary objective of this partnership is to enhance the cross-chain capabilities of Coinbase’s flagship products, Base and Coinbase wallet. Through this collaboration, they hope to increase the level of integration between these two applications and other blockchains. A well-known venture capital firm, Framework Ventures, is co-leading the financing round for Socket. They already participated in Socket’s initial seed round in 2022, and their most recent investment illustrates their confidence in the venture. By virtue of this…
As per the latest research conducted, Robinhood has attained the third position amongst the Bitcoin holders globally. This is in relation to Bitcoin custodianship. The well-known stock and cryptocurrency trading website boasts of having a wallet with over $3 billion worth of BTC. There is only Binance and Bitfinex, which are ahead of it. Speculations seem to be running rampant as to who is responsible for the gigantic Bitcoin wallet. The popular belief is that the prospective owners could be big-time financial institutions, such as BlackRock, or, for that matter, some prime exchanges like Gemini. The general opinion stems from…
Sushi, the well-known decentralized finance (DeFi) project, is going on an exciting growth adventure, for the first time stepping beyond the Ethereum environment to interface with the Aptos blockchain. Sushi’s foray into a blockchain that does not natively support the Ethereum Virtual Machine (EVM) represents a key milestone in the field of DeFi. Integrating Sushi’s Version 2 automated market maker (AMM) into the Aptos network is central to this development, which is anticipated to alter the DeFi landscape. In an official statement, the Sushi team emphasized the innovative significance of this decision, noting that this integration represents Sushi’s first non-EVM…
The US Securities & Exchange Commission, or the SEC, keeps making the splash when it comes to taking the crypto heads on. This time, it is not just from lawmakers but also from TradFi players who are speaking their minds about spot Bitcoin ETFs. Reports surfacing on the Internet are handing over the defeat to the SEC, claiming that the Commission is under pressure to approve spot Bitcoin ETF. It is only increasing after the loss in Court on Tuesday. The SEC has sought some time to review the final verdict before coming up with a resolution. Needless to say,…
Startale Labs recently announced a joint venture with Sony Network Communications. The collaboration will see the parties develop a blockchain for Sony. The blockchain network will be used to support the worldwide Web3 infrastructure. Both parties will merge their partner networks, expertise, and skill sets to enable the development. With blockchain technology advancing significantly, both Startale Labs and Sony will leverage its potential to propose Web3-based use cases. The parties have decided to establish a joint venture company by the name of Sony Network Communications Labs Pte. Ltd. in September. As expected from a massive brand such as Sony, the…
The US Securities and Exchange Commission has decided to further the timeframe for coming to any conclusion regarding the applications it has received from Invesco, Wisdom Tree, and Valkyrie. The matter is related to spot bitcoin trading exchange trading funds. The decision has been extended for a couple of weeks, somewhere around the middle of October 2023, and the chances are it could be further delayed. Initially, the decision was meant to come through in the forthcoming week. The plan for the extension took place following the federal appeals court order that the SEC should not have refused an application…
Offchain Labs has announced a partnership with Espresso Systems. The objective is to bring sequencing technology to Ethereum roll-ups, provided they meet the nature of being open-source and decentralized. The partnership is based on the assumption that a total of three elements will be integrated. These include Timeboost ordering, the Arbitrum technology stack, and the Espresso Sequencer. What brings Offchain Labs and Espresso System together is their mutual mission of having a decentralized future of shared transaction sequencing that is undertaken with the end-user in mind. Offchain Labs is bringing together its potential to undertake research and development. It will…