Author: NBTC
BitGo, a provider of digital asset infrastructure solutions, has secured the Major Payment Institution Licence from the Monetary Authority of Singapore (MAS). This licence follows an in-principle approval granted several months ago. Singapore’s clear and structured regulatory environment supports BitGo’s aim to provide regulated and secure digital asset services in the region. Expanding Regulated Custody Solutions Mike Belshe, CEO of BitGo, Inc., Source: LinkedIn With this licence, BitGo can now offer regulated digital payment token services in Singapore. Clients will be able to buy and sell digital assets using BitGo’s insured cold storage custody solution, which is housed in a…
Since the start of June, investors have been watching Bitcoin (BTC), the world’s premier cryptocurrency, with an increasingly wary eye. Indeed, despite the long-standing hopes that the various positive developments of 2024 – such as the approval spot BTC exchange-traded funds (ETFs) – will drive the coin’s price up toward $100,000 or even to $300,000 as some experts have predicted, the actual crypto market moves have been quite different. For much of the last 30 days, BTC has been on a downtrend and fell as much as 11.23%. Bitcoin price today stands at $61,437 – well below its multi-month average…
X Bull Run Protocol, or XBR Protocol, has just rolled out its Minimum Viable Product (MVP) app, targeting key pain points in decentralized finance (DeFi). This new app merges the simplicity of Exchange-Traded Funds (ETFs) with the flexibility of crypto pools, aiming to simplify portfolio diversification and enhance user experience.—Traditionally, building a diversified crypto portfolio has been a complex and time-consuming task. Investors often grapple with intricate DeFi protocols, hefty fees, and substantial minimum investments. XBR Protocol simplifies this process with a user-friendly interface that integrates the benefits of Exchange-Traded Funds (ETFs) with the flexibility of crypto pools. By enabling…
Venture capital funds (VC) invested $527 million into crypto startups in July, up 14.5% year over year, according to DefiLlama data. The blockchain infrastructure sector raised $420.7 million last month, and its startups contributed the largest amount, representing nearly 80% of the total. Artificial intelligence (AI) protocol Sentient secured $85 million in a round led by Pantera Capital and Framework Ventures, making it the most successful round among blockchain infrastructure projects. Blockchain payment network Partior raised a significant amount of $60 million from traditional banking giants JPMorgan and Standard Chartered. Thus, only 2 out of 41 infrastructure-related funding rounds accounted…
The Artificial Superintelligence Alliance (ASI) and Oasis Protocol (ROSE) could collaborate. A possible partnership has earned bullish attention towards the projects. OCEAN once partnered with ROSE giving rise to speculation for an ASI and ROSE partnership. One of the fundamental features of a capable blockchain network is transparency, privacy, and security. This paired with decentralization, scalability, and AI opens new possibilities for the crypto and Web3 world. Amidst what is looking like an expected market recovery after the dip caused by Germany’s BTC receive selling, many altcoins are bullish. One of these altcoins is ASI, the Artificial Superintelligence Alliance project…
Top government officials, including Deputy Treasury Secretary Wally Adeyemo and Kamala Harris’ former chief of staff Kristine Lucius, attended the virtual crypto meeting hosted by Congressman Ro Khanna on Aug. 8, Fox News’ Eleanor Terret reported. White House advisor Anita Dunn, National Economic Adviser Lael Brainard, and Deputy Chief of Staff Bruce Reed were expected to attend. However, Terret revealed that Dunn was absent despite being involved in a similar meeting previously. Billionaire investor Mark Cuban and Silicon Valley “super angel” investor Ron Conway, along with other unnamed industry leaders, attended the meeting. Details of the meeting have not been…
The world’s largest cryptocurrency exchange Binance announced the listing of Toncoin token (TON) for spot trading. TON trading on the exchange will begin today in less than two hours, the trading platform said in an official statement. At the time of writing, users can already make deposits. In a few hours, transactions with TON will become available in the following pairs with Bitcoin (BTC), USDT, FDUSD and Turkish Lira (TRY). The withdrawal of funds in Toncoin from the spot account, according to the announcement, will be open tomorrow, Aug. 9. As a result, the price of TON skyrocketed by 15%…
Artificial Intelligence (AI) mania has swept through not just chatbots or virtual assistants but a wide range of industries. While ChatGPT ignited this spark, AI applications have expanded beyond that now. The most notable impact can be seen in the blockchain space, thanks to AI’s ability to enhance trust and security.— AI is already powering crypto trading bots, identifying suspicious activities, preventing fraudulent transactions, forecasting cryptocurrency prices, gauging market sentiments, managing portfolios, providing customer support, and making informed trading decisions. However, the powerful AI + blockchain integration has yet to be fully utilized. AI-powered permissionless DAO launchpad DeXe aims to…
A closely followed crypto analyst thinks it’s almost time for altcoins to witness the steepest leg of the bull market. Pseudonymous analyst TechDev tells his 460,100 followers on the social media platform X that the Bitcoin dominance (BTC.D) chart is flashing a massive bearish reversal signal. The BTC.D index tracks how much of the total crypto market cap belongs to Bitcoin. A bearish BTC.D chart suggests that altcoins are about to outperform Bitcoin. According to TechDev, BTC.D is showing a bearish divergence on the five-day chart, indicating that Bitcoin is losing momentum against altcoins. “The building five-day bearish divergence on…
Polkadot has welcomed the launch of DeFi’s lending parachain, Kylix Finance, which offers On-chain collateral liquidation, DAO governance, and cross-chain capabilities. Kylix Finance is still in its initial stages, with plans for full deployment in the first half of 2025. Confirming its launch, Polkadot has announced the launch of Kylix Finance, its DeFi lending parachain with DAO governance, collateral liquidation, and cross-chain capabilities. Led by professionals with experience in fintech and DeFi, the platform aims to be the next-generation lending platform on Polkadot. Setting it apart, Kylix offers an on-chain collateral liquidation platform, cross-chain capabilities, DAO-driven governance, and more. Polkadot…