Author: NBTC
Teng brought attention to the fact that 11 million people in Japan had crypto accounts last year. The CEO stressed the need for transparent rules in fostering the safe and long-term development of the crypto industry. Binance CEO Richard Teng lauded Japan’s transparent regulatory framework and quick adoption of cryptocurrencies at an event in the host nation. Teng brought attention to the fact that 11 million people in Japan had crypto accounts last year. Addressing the Global Financial Technology Network Forum in Japan, Teng stressed the need for transparent rules in fostering the safe and long-term development of the crypto…
The FTX collapse continues to fuel serious questions about whether regulators showed favoritism and were influenced by politics. As crypto lawyer John E Deaton points out, Sam Bankman-Fried (SBF), the disgraced founder of FTX, allegedly used $10 million in donations to the Biden administration to gain special access to regulators. This calculated move apparently allowed him to cultivate relationships with key officials, including those at the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC). Coinbase Demands Answers on SEC Enforcement Spending Meanwhile, SEC Chair Gary Gensler aggressively pursued enforcement actions against other crypto firms while meeting…
A massive 8,022 BTC worth nearly $738.86 million has recently exited major crypto exchange Coinbase, sparking interest on the crypto market.According to the blockchain data tracker Whale Alert, “8,022 BTC worth $738,863,880 were transferred from Coinbase to unknown new wallet.” 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 8,022 #BTC (738,863,880 USD) transferred from #Coinbase to unknown new wallethttps://t.co/njPiLgl9zn — Whale Alert (@whale_alert) February 25, 2025 The identity of the receiving wallet remains unknown, adding mystery to the transaction. The fact that the wallet is entirely new sparks speculation that a new Bitcoin whale might be emerging on…
Rumors of an exchange traded fund (ETF) tracking the top NFT collections have started to swirl, stemming from a post on social media made by Pudgy Penguins CEO Luca Netz. But ETF issuers and market experts told Decrypt it is unlikely that such a fund is imminent due to traditional investors thinking NFTs are “nonsense.” With a U.S. crypto reserve rumored to be on the horizon following an announcement from President Trump, NFT enthusiasts started to question if an NFT reserve could ever be a possibility. In response, Netz retweeted the post, adding that he has been working on “something…
Binance has announced significant changes to its Watch Tag policy, increasing the frequency of updates to monthly and expanding the list of tokens that are subject to closer scrutiny. Binance Updates Watch Tag Policy, Adds 10 Tokens to Watch List Starting March 4, 2025, Binance will add new tokens to the Watch Tag list during the first week of each month based on community feedback. However, the removal of Watch and Seed Tags will continue to be reviewed on a quarterly basis. New Tokens Added to Tracking Tag As part of the latest update, Binance will include the following 10…
Bitcoin long liquidations over the past 24 hours have hit their highest level in about three months. Specifically, over $245 million in Bitcoin long positions have been liquidated in the past 24 hours. According to a Tuesday, February 25 report from crypto analytics platform CryptoQuant, this is the highest level of long liquidations the market has experienced since November 2024. Bitcoin long liquidations chart Source CryptoQuant The liquidations come as Bitcoin dropped from Monday, February 24, highs of $96,500 to below the psychologically important $90,000 support level. In the recent CryptoQuant report, analyst “MAC_D” asserted that Bitcoin could rebound for…
Kevin Rose, the tech entrepreneur and co-creator of Ethereum NFT project Moonbirds, is bringing back Digg, the once-prominent social news site that he co-founded in 2004. Rose and Alexis Ohanian—a co-owner of the venture and co-founder of one-time Digg competitor Reddit—acquired the brand, and plan to put “humanity and connection” at the center while utilizing a strong dose of AI to help strike an ideal balance of community and content moderation. Alongside Rose and Ohanian, Justin Mezzell—the former COO of Rose’s Moonbirds company Proof, and the artist behind that prominent collection—will join the new Digg as CEO. Digg: Old Rivals,…
The team behind real-world asset (RWA)-focused layer-1 blockchain Mavryk Network, said it raised $5.2 million to advance its plans to integrate tokenization and decentralized finance (DeFi). The investment round was led by Ghaf Capital, Big Brain, MetaVest Capital, Cluster Capital, Collective Ventures and Atlas Fund, according to an email shared with CoinDesk on Tuesday. Mavryk Dynamics aims to simplify RWA tokenization and DeFi integration, making digital asset ownership more accessible. Its testnet offers users an environment to explore decentralized applications (dapps), purchase fractional test shares of RWAs, provide feedback, and earn rewards. The non-custodial blockchain’s features include an on-chain protocol…
HashKey Global, a flagship digital asset exchange under HashKey Group, has just integrated Ethereum support on Base, slashing the costs of transferring funds to and from the exchange.HashKey Global has successfully integrated Ethereum (ETH) on the Base network, with deposit and withdrawal services now officially open. The platform now supports ETH transactions across three networks: ERC-20, Base (BASE), and Arbitrum (ARB). By integrating ETH support on Base, HashKey Global makes it easier and more cost-effective to move funds in and out of the exchange while interacting with the Ethereum blockchain ecosystem. This move is part of the growing adoption of…
Hut 8 Corp. has reported $80.7 million in crypto-related revenue for 2024, driven by bitcoin mining and GPU-as-a-service operations. The company expanded its bitcoin reserve to 10,171 BTC and secured a $125 million partnership with Bitmain. Hut 8 Expands Bitcoin Mining and Digital Infrastructure with $125M Bitmain Deal Hut 8 Corp., a bitcoin mining and digital infrastructure company, has strengthened its bitcoin strategy with a $125 million strategic ASIC miner partnership with Bitmain Technology. According to its 2024 full-year financials, Hut 8 generated $80.7 million in revenue from bitcoin mining and cloud services, solidifying its role in the crypto industry.…