Author: NBTC

Introduction Chances of profit and loss are everywhere when you think of investment. It is hard to believe that there can be an option that provides you with almost 100% chances of profit and almost zero risk. Yet, such an option does exist. It is called arbitrage trading. Arbitrage trading is the simultaneous buying and selling of securities, currency, cryptocurrencies, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. The Concept Made Easy To understand the concept from an example, let’s suppose that looking at the markets closely,…

Pharos Network, a L1 blockchain focused on real-world asset finance, has partnered with Morpho, a lending network with more than $9 billion in total deposits. The partnership will deploy Morpho’s lending infrastructure directly on the Pharos mainnet. This will provide the technical base for institutional-grade lending in the on-chain real-world asset market. The integration will allow lending with isolated risk management for RWA vaults, giving asset originators and liquidity providers more flexible credit options. Morpho will serve as the official lending infrastructure provider for Pharos, supporting the network’s broader strategy in the RWA sector alongside other partners. The system will…

Chris Torres, the creator of the iconic internet meme Nyan Cat, is apprehensive about getting involved in the world of meme coins, despite issuing a number of NFT collections in the past. The artist told Decrypt it’s because he views meme coins as the “wild west.” Still, Torres has claimed more than $700,000 in fees from the Bags token launchpad. It allows anyone to launch a token on the platform and assign royalties to a user on X. The platform has housed countless tokens sending royalties to Torres, most notably a Nyan Cat token that touched a $12 million market…

Crypto treasury firms have begun moves to buy over $7.8 billion worth of cryptocurrencies this week, in possibly one of the biggest corporate crypto grabs in recent history — particularly for altcoins. Cointelegraph analyzed 16 company statements since Monday, which either announced a plan to buy or raise money for crypto. Ether (ETH) was the hottest target. At least five public companies have bought or have promised to purchase over $3 billion worth of ETH, which is around 45 times more than the amount of ETH issued in the past week. The so-called crypto treasury companies are the latest Wall…

The United Arab Emirates (UAE) has taken a significant step toward harmonizing its approach to crypto regulation. The country’s Securities and Commodities Authority (SCA) and the Dubai Virtual Assets Regulatory Authority (VARA) have announced a strategic partnership to unify the UAE’s approach to crypto regulations. In September, both regulators expressed their intention to work together toward unifying crypto frameworks in the country. One feature of the partnership is that it will allow Dubai-based licenses to service the entire UAE, according to a Wednesday announcement shared with Cointelegraph. A VARA spokesperson told Cointelegraph that the latest development formalizes the agreement between…

Korean cryptocurrency exchanges Dunamu and Bithumb shares have surged dramatically this year, contrasting sharply with Coinone’s decision to liquidate crypto holdings. With the bull market this year, exchanges are experiencing divergent fortunes as market leaders see soaring valuations while smaller players face financial strain. Upbit, Bithumb Drive Exchange Valuations Higher Dunamu, which operates Upbit, has seen its private stock price climb 33% year-to-date to 240,000 won ($173). The company’s estimated market capitalization now stands at 8.26 trillion won ($5.96 billion). Bithumb has performed even more impressively with a 131% surge to 238,000 won ($172). Both exchanges reached peak valuations on…

According to Cointelegraph, Ethena’s synthetic dollar, USDe, has reached an impressive $5.7 billion in total cross-chain volume. Even more importantly, USDe now ranks third among all synthetic dollar tokens by market capitalization. The Rise of USDe Across Chains Launched as a synthetic stablecoin designed to keep its value steady across blockchains, USDe now moves across 23 different networks through LayerZero. This broad access has helped it gain users quickly, as people can send and use it on many platforms without trouble. Because of this reach, hitting $5.7 billion in cross-chain volume shows more than just strong adoption. It also proves…

Galaxy Digital, the crypto-focused financial services firm founded by Bitcoin bull Michael Novogratz, is cautioning that the fast rise of public companies buying crypto for their balance sheets could potentially make the market “structurally fragile.” In a July 31 research report, the New York-headquartered crypto firm said the rise of Digital Asset Treasury Companies — or DATCOs — is tied to a single trade: raising equity and using the proceeds to purchase Bitcoin or other cryptocurrencies. “When hundreds of firms adopt the same one-directional trade (raise equity, buy crypto, repeat), it can become structurally fragile. A downturn in any of…

Bo Tang, head and assistant director at HKUST, believes that Hong Kong’s stablecoin bill’s strict customer identification requirements could hinder the adoption of those currency-backed digital assets. He also said it could impede Hong Kong’s global digital finance market competitiveness. Hong Kong’s long-awaited Stablecoin Ordinance was established on August 1, making it the first market globally to regulate fiat-referenced stablecoin issuers. Tang said the bill’s know-your-customer (KYC) rules, which require issuers to verify the identity of every holder, oppose the basis of secrecy and privacy. HKMA claims stablecoin requirements mean to prevent illegal activities The Hong Kong Monetary Authority stated…

Exciting developments are unfolding in the cryptocurrency world! Coinbase, a leading global crypto exchange, officially announced its support for dYdX (COSMOSDYDX) on the dYdX native network. This pivotal announcement, shared via X, signifies a major step forward for decentralized finance (DeFi) and enhances accessibility for traders. The crucial Coinbase dYdX support integration promises to bridge the gap between centralized and decentralized trading experiences, offering users more robust and efficient options. What Does Coinbase dYdX Support Mean for Traders? This significant integration means Coinbase users can now directly engage with the dYdX protocol via its dedicated blockchain. This is not just…