Author: NBTC

SCB partners with Thunes to expand instant remittance services, covering 26 countries with 17 currencies through SCB Easy. SCB continues using RippleNet to enhance cross-border payments, ensuring fast, secure, and transparent global transfers. Siam Commercial Bank (SCB), a Ripple partner, has strengthened its position in digital banking by partnering with Thunes to enhance the worldwide remittance capabilities of its SCB Easy app. With the additional advantages of openness, dependability, and real-time processing, this cooperation lets their consumers send money to 26 countries in 17 different currencies. The partnership seeks to guarantee that receivers get the whole amount free from hidden…

The U.S. Securities and Exchange Commission (SEC) is raising alarms about the growing risks of cryptocurrency scams and other investment fraud during World Investor Week 2024. Amid the rising influence of AI, social media, and aggressive financial marketing, investors are struggling to find reliable advice. The agency is focusing on scams involving cryptocurrencies, financial grooming, and “relationship” cons, warning that hype around emerging technologies can mislead unsuspecting individuals. SEC Kicks Off World Investor Week 2024, Urging Investors to Avoid Fraud The U.S. Securities and Exchange Commission (SEC) highlighted crypto risks during World Investor Week (WIW) 2024. The event, running from…

Popular crypto exchange Coinbase has announced a new upgrade for Bitcoin (BTC) users. It will make the BTC transactions easier and seamless for the platform’s users. This move will enhance Coinbase’s transaction capabilities and aligns with ongoing efforts to improve Bitcoin’s scalability and efficiency. Coinbase’s Update on Bitcoin Transfers The latest feature allows users to send Bitcoin to Taproot addresses directly from Coinbase. The news, shared on X (formerly Twitter), stated: “Exciting news! We’re pleased to announce that Coinbase․com users can now send Bitcoin to Taproot addresses, creating access to more onchain destinations. For further context, Taproot is a major…

Proof of Workforce, joined by Santa Monica Vice Mayor Lana Negrete, will showcase the Santa Monica Bitcoin Office at the upcoming California Municipal Revenue and Tax Association (CMRTA) Annual Conference on October 9-10. They will present a case study on the innovative municipal office, the first of its kind in the U.S. Launched in July 2024 after a unanimous city council vote, the Santa Monica Bitcoin Office aims to educate residents about Bitcoin’s potential while identifying industry partnerships to support economic recovery and job creation. “Proof of Workforce is excited to share our experiences and insights with other municipal leaders…

Crypto.com’s US derivatives exchange, Nadex, has listed four derivatives linked to memecoins including PEPE, FLOKI, Dogelon Mars (ELON) and BONK. CoinMarketCap reveals that the total market capitalization of the four memecoins underlying Nadex’s contracts is nearly $7 billion. These “touch bracket” derivatives contracts are hedging tools that help to pay out if a token’s spot price hits an agreed-upon ceiling or floor before the contract expires. According to Oct. 7 filings with the United States Commodity Futures Trading Commission (CFTC), “Touch Bracket Contracts are not only quite popular in markets with high volatility, such as the cryptocurrency markets, but due…

MicroStrategy Founder and Chairman Michael Saylor finally commented on a recently published Bitcoin Whitepaper from BlackRock. Saylor’s comment comes after popular figures like Bloomberg’s Senior ETF analyst Eric Balchunas spotlighted the BlackRock Bitcoin whitepaper. Michael Saylor’s support for BlackRock Bitcoin whitepaper Taking to the X platform, Saylor stated, “For investors, #Bitcoin is a unique diversifier.” Saylor describes the Bitcoin whitepaper as an excellent research piece, articulating Bitcoin’s value and dispelling popular misconceptions. For investors, #Bitcoin is a unique diversifier. @BlackRock has published some excellent research on this topic which articulates the value of bitcoin and dispels popular misconceptions. Take a…

Since late September, BTC has held largely flat amid the stimulus-led 20% surge in the Chinese stocks. The rebound in the battered Chinese equities could be sucking out capital from crypto and Asian equity markets. The capital rotation may be short-lived. China’s battered stock market has experienced a resurgence since late powered by the barrage of stimulus by Beijing. But this surge could be sucking capital out of the crypto market, capping the upside in bitcoin, the leading cryptocurrency by market value, and other Asian markets, according to observers. “The current surge in Chinese stocks, driven by the stimulus package…

Privacy coin Monero is falling, dropping nearly 7% over the last 24 hours after Kraken announced its delisting in Europe. Kraken—one of the world’s oldest crypto exchanges—informed users that it will delist Monero for clients in the European Economic Area (EEA) due to regulatory changes. Trading and deposits of all Monero markets will halt on Oct. 31 for EEA clients, and any open orders will be automatically closed. The deadline for withdrawing Monero is Dec. 31, and the remaining balances after this date will be converted to Bitcoin (BTC) at the market rate. Kraken explained that the exchange “concluded we…

The tech industry, and particularly the cryptocurrency sector, has been deeply involved in political races this year. Paul Grewal, Chief Legal Officer at Coinbase, addressed criticisms of this involvement on social media, pushing back against claims that it’s “monstrous.” Apparently it’s “monstrous” to exercise free speech rights and engage in the political process. Like it or not that’s US politics on the left and right in 2024. Maybe what’s monstrous instead is another elite, cartoonish embrace of the traditional Great Savior figure over those… https://t.co/kvf9Jj4VIU — paulgrewal.eth (@iampaulgrewal) October 7, 2024 Grewal argued that both the left and the right…

Wirex Pay has launched early access to its new app for select whitelisted users. The app is part of Wirex’s decentralized payment network, aiming to update the use of digital assets in everyday payments. This early phase allows users to test the system before a broader rollout. Wirex Pay is designed to give users complete control over their digital assets through a non-custodial wallet. It offers crypto payment capabilities for both online and in-store purchases across over 200 countries. The app is structured to eliminate the need for intermediaries, giving users direct access to their assets for secure transactions. Blockchain…