Author: NBTC
Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According to the latest analysis by the European Securities and Markets Authority (ESMA) of the crypto asset market structure, approximately 70% to 80% of secondary market transactions occur between crypto assets and stablecoins, with no involvement or use of fiat currencies. While this is often the…
TON started life as a project by Telegram but was picked up by members of its community after the messaging app abandoned it due to legal action from the SEC. Native token Toncoin was largely unmoved immediately following the announcement. The stewards of the TON ecosystem have formed a partnership with HashKey Group, the parent company of the Hong Kong-licensed crypto exchange of the same name. One of the aims of the partnership is to increase provision for on- and off-ramping of crypto and fiat to Asia-Pacific users of the wallet service in messaging app Telegram. The TON blockchain started…
A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information. In the lawsuit, Gordon Law Group sued ex-employee Justin McCormick and his current employer, Founder’s CPA on four grounds. McCormick’s tenure at Gordon Law spanned less than nine months, from Dec. 4, 2021 to Aug. 16, 2022. Now, he is a senior associate within the digital asset department at Founder’s CPA, an organization offering…
Prominent Chinese crypto journalist and blogger Colin Wu, who often shares an insider perspective on the cryptocurrency space on X/Twitter, has reminded the community that later this week the scheduled FOMC meeting will take place. During this event, the U.S. Fed Reserve will make a fundamental announcement that is likely to impact the future movement of the Bitcoin price. Interest rate decision coming According to the tweet published by the aforementioned insider, during a FOMC meeting scheduled for March 20, Wednesday, U.S. Federal Reserve chairman Jerome Powell will announce the Fed’s decision on the interest rate. However, data published by…
Eclipse Fi, a famous DeFi liquidity and launch protocol, has announced an exclusive integration. The company has asserted that it is integrating KinetixFi (a prominent decentralized exchange) to provide a one-stop shop for DeFi-related services and products. On its official X account, the firm mentioned that KinetixFi operates under the Kava network. 🚨 The $KFI Kinetix IDO on Eclipse Fi is coming soon!@KinetixFi is a one-stop shop for everything DeFi. They’re an EVM-based project, built on the Kava network, looking to make DeFi easier, more efficient and overall better for everyone. – A team that built one of @0xPolygon… pic.twitter.com/clneyfyb5s…
Private equity firm EQT AB has agreed to sell Rimes Technologies to Five Arrows, Rothschild & Co.’s alternative assets division. This news, announced by EQT, involves the company and its co-shareholders selling Rimes to Five Arrows Long Term Fund (FALT) and Five Arrows Principal Investments (FAPI). EQT to sell data management tech firm Rimes to Five Arrows https://t.co/1LOFxb5884Swedish Fintech firm EQT has agreed to sell Rimes to Rothschild & Co.’s alternative assets unit Five Arrows. — 📍FinTech.CEO 📍CBDCs.AI (@CryptectiveHQ) April 13, 2024 The exact sale price hasn’t been revealed, but Bloomberg News reports that the transaction values Rimes at anywhere…
Ethena Labs, a decentralized protocol focused on the yield-generating USDe stablecoin, has become a point of contention among crypto investors, drawing parallels with the Terra ecosystem, which faced a tumultuous collapse in 2021. Ethena Labs Creates Controversy with High Return Strategy and Compared to Terra Ethena’s token has sparked mixed reactions within the crypto community since its public launch in February. Stakeholders who stake USD for at least seven days are currently enjoying an annual return of approximately 37%. This high return enabled the total value locked (TVL) on the protocol to rise from $178 million to $2.3 billion in…
Matthew White, the CEO of Dubai’s Virtual Asset Regulatory Authority (VARA), has voiced intentions to alleviate regulatory pressures on smaller cryptocurrency entities. Speaking at a regulatory panel during the Paris Blockchain Week, White acknowledged the imperfections in current crypto regulations and emphasized the need for improvements, particularly to support smaller players in the industry. White highlighted the significant financial strain associated with regulatory compliance, particularly for smaller businesses lacking adequate resources. He expressed VARA’s focus on exploring solutions to mitigate these challenges, aiming to create a regulatory environment that accommodates all participants. Among the proposed measures is a concept where…
The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. After a lengthy legal dispute, London’s High Court of Justice has formally determined that Australian computer scientist Craig Wright is not Satoshi Nakamoto, the pseudonymous creator of Bitcoin. One of the great mysteries of the Bitcoin community since its inception has been quite related to the inception itself: who is Satoshi Nakamoto? This pseudonym is all we have to go on…
HashKey Global, a leading figure in the cryptocurrency sector, has inaugurated its latest venture, a global exchange located in Bermuda. This development positions HashKey alongside Coinbase, marking a significant expansion from its origins in Hong Kong to the international stage. During a discussion on April 8 with Bloomger, Ben El-Baz, the Managing Director of HashKey Global, shared insights into the company’s decision to establish its exchange in Bermuda. The decision came after witnessing Coinbase’s successful acquisition of a Bermuda license, showcasing the island’s favorable and robust regulatory environment for cryptocurrency exchanges. This move is seen as an essential step for…