Author: NBTC

Digital bank Revolut’s crypto staking services are once again available for its customers in Hungary after pausing for a couple of weeks, a spokesperson from the company told CoinDesk on Friday. The company had paused the majority of its crypto services for customers in Hungary on July 7 due to a new law that criminalized trading on unlicensed crypto platforms, but a spokesperson told CoinDesk on Friday that Revolut was comfortable bringing staking back. It had previously resumed withdrawals, the spokesperson added. After conducting further analysis in connection with its legal position, Revolut is able to resume these [staking] services…

This is a segment from the Empire newsletter. To read full editions, subscribe. We’re over halfway through the year, so let’s do a little recap, shall we? I mentioned K33’s H1 report in an intro the other day, but there’s a lot of interesting data to digest. Such as the fact that the bitcoin treasury companies acquired a whopping 244,991 bitcoin by the end of June, which marked the official transition from H1 to H2. Not to mention that the number of treasury companies, perhaps unsurprisingly, almost doubled by the end of the first half. At the beginning of the…

Welcome to The Protocol, CoinDesk’s weekly wrap-up of the most important stories in cryptocurrency tech development. I’m Margaux Nijkerk, CoinDesk’s Tech & Protocols reporter. In this issue: Eclipse Launches $ES Airdrop, Distributing 15% of Token Supply Risc Zero’s ‘Boundless’ Incentivized Testnet Goes Live Bitcoin Devs Float Proposal to Freeze Quantum-Vulnerable Addresses — Even Satoshi Nakamoto’s Aethir and Credible Introduce First DePIN-Powered Credit Card Network News ECLIPSE TOKEN GENERATION EVENT: Eclipse, the layer-2 that combines technology from the Ethereum and Solana blockchains, shared that it has gone live with an airdorp of its $ES token. The team behind the network shared…

The UK may finally be easing its grip on crypto investment products. After banning retail access to crypto exchange-traded notes (cETNs) back in 2020, the Financial Conduct Authority (FCA) is now proposing to lift that ban. If approved, everyday investors in the UK would be able to trade cETNs, regulated products that give exposure to cryptocurrencies like Bitcoin and Ethereum, through official trading platforms. This move comes as global interest in crypto investment products continues to grow. Earlier this year, the US approved several spot Bitcoin ETFs, which have already attracted billions in investments from both institutional and retail buyers.…

Many firms now hold Bitcoin as a reserve asset, but markets care how they hold it, a Nansen report shows. Bitcoin (BTC) is rapidly becoming a core part of the traditional financial system. According to a recent report by Nansen, new regulatory standards and macroeconomic factors have changed how corporations view Bitcoin exposure. This has led to the largest firms holding over 700K BTC. Collectively, Strategy, Marathon Digital, Twenty One Capital, Riot Platforms, and Metaplanet own Bitcoin worth about $81.9 billion. Strategy, formerly MicroStrategy, controls the lion’s share of these holdings, with 601,550 BTC. Still, not all of these companies…

Aethir, a decentralized GPU cloud network, teamed up with Credible Finance, a lending protocol, to introduce what they say is the first credit card and loan product powered by a decentralized physical infrastructure network (DePIN). The move is designed to give Aethir’s native ATH token holders and node operators access to stablecoin credit without liquidating their tokens — a step toward blending on-chain infrastructure with real-world financial capital. The product, which debuted on Wednesday, lets eligible users collateralize their ATH tokens to access a revolving credit line or preload a no-fee card with ATH or stablecoins on Solana. Loan approvals…

Kraken Pro, the advanced trading platform of crypto exchange Kraken, has announced that XRP is now available for margin trading against Ethereum (ETH). The list of XRP pairs that are available for margin trading also includes XRP/EUR, XRP/BTC, XRP/CAD, and others. How margin trading works Margin trading makes it possible for traders to open larger positions by relying on borrowed funds. The new pair allows betting on XRP increasing in price against the flagship altcoin. Traders can borrow funds in order to go long on XRP. Conversely, they can also short the pair if they believe that ETH will be…

Bitcoin’s strong breakout above $120K has reignited excitement across markets. But is this a sign of a bull market strengthening or a rally vulnerable to macro headwinds? Technical Levels To Monitor Bitcoin’s breakout above $120K has solidified its place in a firm high-timeframe uptrend. Even if the price retraced over 10% from the recent highs, the overall structure on the daily chart continues to be firmly bullish. The area of $110,000 to $112,000, Bitcoin’s former all-time high, now emerges as a critical technical zone of confluence. This area is in line with the 50EMA on the daily chart and former…

Zhu Su, founder of the bankrupt cryptocurrency firm Three Arrows Capital, said in his latest statement that PumpFun’s PUMP token generation efficiency (TGE) was a key factor accelerating the rise in the price of Solana (SOL). Zhu Su is currently wanted by the US and is a fugitive. The collapse of Three Arrows Capital triggered a massive downturn in the cryptocurrency market. Su stated that both market dynamics and investor behavior played a role in this rise. According to Su, the Pump.fun platform’s lack of a large amount of SOL does not exert downward pressure on the price, alleviating investor…

Tyler Winklevoss, co-founder of the crypto exchange Gemini, claimed that JPMorgan Chase halted its onboarding process for Gemini after he criticized the bank’s new fee structure for fintech companies. Last week, Winklevoss publicly criticized JPMorgan CEO Jamie Dimon after Bloomberg reported the bank would start charging fintech platforms for access to customer banking data. Many of these platforms serve as bridges between traditional banks and crypto services. “This will bankrupt fintechs that help you link your bank accounts to crypto companies,” Winklevoss posted on X. “ This is the kind of egregious regulatory capture that kills innovation, hurts the American…