Author: NBTC
Hong Kong has become a premier global destination for Web3 and digital assets, with its approval of digital currency ETFs and favorable regulations opening up new opportunities for investors and innovators, says the region’s top finance official. Christopher Hui, the Secretary for Financial Services and the Treasury, revealed in a recent statement that he had been on a European tour, visiting Spain, the Netherlands, and Portugal. While there, he marketed Hong Kong as a virtual assets haven. “In terms of financial innovation, I introduced to local regulators and the financial industry in Europe how Hong Kong, as a pioneer in…
Matter Labs, the main development firm behind the layer-2 network ZKsync era, has officially disclosed the distribution criteria for its long-awaited ZK token airdrop. According to the plan released Tuesday, 17.5% of ZK’s 21 billion total token supply will be airdropped to users beginning “next week.” Like other layer-2 networks, ZKsync Era pitches itself as a quick and cheap way to send transactions on Ethereum. According to Matter Labs, the ZK airdrop will be the “largest distribution of tokens to users amongst major L2s,” with just under 3.7 billion tokens going to users. Pre-market prices from Aevo, a crypto perpetuals…
The U.S. Supreme Court has agreed to hear a case regarding Nvidia’s revenue from crypto mining, potentially making it more difficult for shareholders to file a securities fraud lawsuit. Nvidia is trying to stop an investor lawsuit accusing the company of misleading shareholders about its dependence on crypto mining revenue before the market crash in 2018. The justices announced Monday they would consider Nvidia’s argument that the complaint lacked sufficient detail to proceed. A ruling in Nvidia’s favor could give companies additional leverage to seek early dismissal of shareholder lawsuits, thus avoiding the cost of a full-scale defense. The case…
The rise of decentralized exchanges (DEX) is well-documented, with literally hundreds of these platforms cropping up to handle billions in crypto transactions on a daily basis. There are a few factors at play in determining their appeal, so here’s a look at a few of the main selling points they offer in comparison with centralized equivalents. Security Protocols First and perhaps most importantly of all is the fact that the security mechanisms of a typical DEX outshine traditional platforms to a significant degree. This is because they prioritize user autonomy and protection through several key features. And since attacks on…
SITE Network is initiating a worldwide endeavor concerning tourism. As per the platform, the respective project merges Augmented Reality and Virtual Reality technologies while attempting to redefine tourism around the globe in collaboration with Enjin Blockchain. The platform mentioned that the project links the consumers to the finest locations. It reportedly offers authentic digital exploration experiences to consumers. SITE Network Starts a Virtual Tourism Project of $39B Worth in Partnership with Enjin The platform added that SITE Network has conceptualized many chief virtual worlds, replicating the real-world locations. One of them is Metinburgh which represents Scotland-based Edinburgh. The team of…
The Bitcoin price has sent some questions about the future of digital gold with a surge at around the $69,000 level, but maybe some answers can be found on the Bitcoin liquidation heat map, with critical levels at $68,300 and $69,800, highlighting their importance for short-term price movements. From this heat map, clearly, liquidity builds around the prices of $68,300 and $69,800. These correspond to areas where strong buying and selling pressure is focused, making them pivotal for Bitcoin’s next moves. Of course, at the current price levels of $69,000, these could easily act as really strong support and resistance…
Ethereum price climbed higher above $3,500 but struggled near $3,580. ETH must clear the $3,650 resistance to move further into a positive zone. Ethereum is consolidating gains below the $3,650 resistance zone. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There is a short-term rising channel forming with resistance near $3,585 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,600 and $3,650 resistance levels. Ethereum Price Consolidates Ethereum price started a decent increase from the $3,350 support zone. ETH formed a base and climbed…
Central bank digital currencies (CBDCs) are a divisive topic, but whether you love or hate them, they’re rapidly becoming a reality. A new report by the Bank for International Settlements (BIS) shows that the number of central banks exploring CBDCs increased from 93% in 2022 to 94% in 2023. The same survey showed a sharp increase in CBDC pilot programs since last year. While the number of retail CBDCs issued by 2029 is set to decrease, it’s full steam ahead regarding wholesale CBDCs. For the latter, the top priorities are interoperability with domestic payments, programmable payments, programmable money and interoperability…
June 11 (Reuters) – As football fever builds for major tournaments in Europe and the Americas, a small yet buzzy part of the cryptoverse is stealing centre stage: fan tokens. These are not your average digital assets, they’re tokens issued by national sides or individual clubs that promise supporters a tradeable way to engage with their teams. Activity in tokens linked to participating national teams has increased ahead of the Euro 2024 European soccer championship, which kicks off on Friday, and the Copa América in North and South America that starts a week later. The market value of the Chiliz…
Crypto management company Tap Global has expanded its operations to the United States despite industry-wide concerns about regulation in the region. Tap Americas will now provide U.S. customers in 48 states access to trade multiple digital assets, including Bitcoin, Ethereum, XRP, and USDC. Starting today Tap Global will begin operating in 48 states. It’s looking to add New York to that list soon after the initial launch. Following the collapse of FTX, American regulators have aggressively pursued crypto companies—most notably Binance, Coinbase, and Kraken. As a result of this regulatory environment many companies—such as Bittrex—have left the country while others…