Author: NBTC
Democratic Party lawmaker Kim Young-hwan introduced an amendment to South Korea’s Improper Solicitation and Graft Act to combat crypto insider trading and bribery. The amendment would expand the definition of “improper solicitation” to include virtual assets and insider information sharing. This can be seen as South Korea’s broader move to strengthen crypto regulations and protect investors. Closing the Crypto Loophole With this new proposal, Young-hwan wants to bring transparency and accountability to South Korea’s crypto governance. South Korea currently has listed several financial benefits—like money, securities, real estate, and memberships—as bribes. But, it excludes cryptocurrencies, creating a regulatory gap. The…
Cardano founder and Input Output CEO, Charles Hoskinson, received an award in Switzerland for his role in Ethereum Foundation’s creation of Crypto Valley. According to Input Output’s press release, Hoskinson and seven other Ethereum (ETH) co-founders were honored with a prestigious award from the Canton and City of Zug at the ETH10X in Zug, Switzerland on Oct. 2. ETH10X was an event held in celebration of Ethereum Foundation’s 10th anniversary. The Cardano (ADA) founder was recognized for his involvement in Ethereum’s creation of Crypto Valley, a global hub for blockchain innovation. “It’s an incredible honor to be recognized at ETH10X…
A trader who created the widely used Bollinger Bands technical indicator believes Bitcoin (BTC) is close to kicking off a bullish breakout. John Bollinger tells his 233,800 followers on the social media platform X that Bitcoin appears to be forming two bullish continuation patterns on the weekly time frame. The trader shares a chart suggesting that Bitcoin needs to take out its diagonal resistance at $65,000 to confirm a pattern breakout. “Nice little W pattern on the weekly BTCUSD chart. I drew a regression channel to highlight the flag that is forming. Bullish setup, awaiting confirmation.” Source: John Bollinger/X Based…
USDe issuer Ethena Labs has added Solana (SOL) as collateral for the “synthetic dollar”. Previously, users could only deposit Bitcoin, Ethereum, stETH, or USDT into the protocol to issue the stablecoin. According to the team, the integration with the Solana cryptocurrency blockchain will expand the USDe audience. Thanks to the integration, users can buy and sell the asset on this network. According to the developers, since the addition of Bitcoin as collateral, the capitalization of the “synthetic dollar” has grown by more than $ 1 billion. The collateral assets are used to open equivalent short positions on perpetual contracts. Due…
The SEC is ‘possibly’ preparing to appeal a judge’s decision regarding the XRP lawsuit, which favored Ripple. A former SEC attorney suggested that the agency is likely to challenge the July 2023 ruling by Judge Torres, but experts argue that the chances of the appeals court overturning the decision are slim. Marc Fagel, a former SEC lawyer, argued that the court’s reasoning implies a reasonable investor should be indifferent to XRP’s connection to Ripple. He suggested that the court seems to underestimate crypto investors. Fagel noted the evidence to the contrary, particularly the 70,000 XRP investors represented by John Deaton,…
In a significant advancement for blockchain efficiency, Cronos has announced a 50% reduction in transaction fees on its zkEVM platform. This upgrade was scheduled for today and now the platform has announced the completion of the upgrade. This development was shared via the official Cronos account on X. This development highlights the network’s commitment to enhancing user experience while promoting scalability and adoption. Cronos zkEVM transaction fees have been cut by 50%!And don’t forget that, due to how ZKsync technology works, transaction fees are almost always lower than what you see when you sign a transaction.After taking fees to secure…
Such consistent purchases of BTC are proven by some recent acquisitions of 18,300 BTC and 7,420 in part. The confirmation of the company’s long-term focus on Bitcoin as a reliable store of value regardless of the fluctuations in the market. The present holding of bitcoins by MicroStrategy might lead to fluctuations in the price perhaps whenever the next halving in 2024 is near. MicroStrategy, the Business Intelligence company that recently became famous for its active buying of Bitcoin has amassed an impressive 252200 BTC. This increase is after two recent acquisitions that saw the company buy 18,300 BTC and 7,420…
On Sunday, California Governor Gavin Newsom vetoed Senate Bill 1047 (SB 1047), a proposal that aimed to establish new safety standards for artificial intelligence systems. Although the bill was touted as a potential model for future AI regulation, Newsom argued it could stifle innovation in California’s tech sector. “Adaptability is critical as we race to regulate a technology still in its infancy. This will require a delicate balance,” Newsom wrote. Newsom noted that SB 1047’s focus on large-scale AI models—those costing over $100 million—might leave smaller yet equally risky models outside its purview. The bill, authored by State Senator Scott…
Taurus SA, a key digital asset infrastructure provider for major financial institutions like Deutsche Bank, has partnered with Chainlink Labs, a prominent developer of essential tokenized asset infrastructure, to accelerate institutional adoption of tokenized assets. .@taurus_hq—a leading digital asset and tokenization platform covering issuance, custody, and trading—is fully integrating the #Chainlink platform for data and cross-chain. The collaboration helps advance the adoption of institutional tokenized assets.https://t.co/zmiY8Uzn9A pic.twitter.com/GAhN1GUKQB — Chainlink (@chainlink) October 2, 2024 The collaboration focuses on addressing security, data, and asset mobility challenges within the tokenized asset sector, the companies said. Taurus will leverage Chainlink’s platform to enhance tokenized…
Bitcoin is firm at press time. According to CoinMarketCap data, the world’s most valuable coin is changing hands above $63,500, steady on the last day and up a decent 7% over the previous week of trading. Technically, the uptrend remains as long as prices stay above the support zone at around $58,000 and $60,000. Bitcoin Up 30% From August Lows, RSI Dips Below 80% Level In The Monthly Chart At press time, traders are upbeat and optimistic, which could form the base of another leg up. So far, since the dip in early August, Bitcoin is up 30% and retesting…