Author: NBTC

Wyoming Senator Cynthia Lummis criticized the US Securities and Exchange Commission (SEC) and its chair, Gary Gensler, urging for improved crypto regulation in the country. Many within the crypto community have also expressed frustration, accusing Congress of unfairly placing the blame solely on the SEC. Senator Lummis Predicts Gary Gensler’s Exit as SEC Chair Speaking on CNBC’s Squawk Box, Lummis suggested that Gensler may step down as SEC chair next year, though she acknowledged that he “loves the job” and might not want to leave. She noted, however, that this scenario could change if Vice President Kamala Harris wins the…

The Australia and New Zealand Banking Group (ANZ) has teamed up with Singapore-based Guardian Project to explore the benefits of real-world asset (RWA) tokenization in financial markets. The initiative is part of ANZ’s broader efforts to experiment with blockchain technology as the bank looks to improve the movement of tokenized assets across different blockchain networks. In a press release on September 30, ANZ announced its collaboration with Chainlink Labs and ADDX, a Singapore-based investment firm, to test how tokenized assets such as commercial paper can interoperate across blockchains. The project will involve the use of Chainlink’s Cross-Chain Interoperability Protocol (CCIP)…

U.S. Bitcoin exchange-traded funds (ETFs) have recorded an impressive growth trajectory. In January, the products gained regulatory approval from the U.S. Securities and Exchange Commission (SEC), and since then, they have been accumulating Bitcoin nonstop. Road to beating Satoshi Nakamoto In a post on X, Eric Balchunas, Bloomberg’s Senior ETF Analyst, highlighted the ETFs’ achievement. The post drew attention to the products’ overall performance since they were approved for trading. Notably, the U.S. Bitcoin ETF attained $17.8 billion in inflows in 2024, setting a new record for the digital asset’s year-to-date (YTD) accumulation of 916,047 BTC. That is just about…

Map Protocol announced its integration with the Tron blockchain on Thursday, aiming to launch pioneering chain-to-chain communication capabilities on the TRX network. MAP Protocol Integrates with TRON to Facilitate Enhanced Cross-Chain InteroperabilityMAP Protocol is thrilled to unveil an integration with the TRON blockchain.@MapProtocol will provide advanced cross-chain messaging capabilities to @trondao. The integration will broaden the… pic.twitter.com/tMYlb5SyBi — MAP Protocol (@MapProtocol) August 8, 2024 Also, the alliance aims to broaden MAP Protocol’s reach while offering Tron builders and enthusiasts a chance to interact with different blockchains. That represents a crucial move towards interoperability, enhancing functionality within the two ecosystems and…

The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted offshore. CFTC Pursues Legal Action Over Investment Fraud Scheme in Washington The U.S. Commodity Futures Trading Commission (CFTC) has filed fraud and misappropriation charges against a fake commodity trading platform in “an online scam targeting Asian Americans,” the regulator announced Friday. Specifically, the watchdog has…

Fraud prevention platform Trustpair announced the integration of investment bank JPMorgan’s blockchain-based solution Confirm to verify bank account information on Oct. 1. Confirm is a closed network for global account validation information built on Liink, the enterprise-focused permissioned and private blockchain developed by JPMorgan’s Onyx division. Gloria Wan, Executive Director at Onyx by J.P. Morgan, stated that Confirm was created to provide collective intelligence to improve decision-making for companies. She added: “Businesses operate in a target=”_blank” rel=”noopener”>Jamie Dimon, called Bitcoin a fraud. In 2019, the investment bank launched its own crypto — the JPM Coin — for wholesale payments between…

Peter Brandt, considered by many to be a legend and veteran trader on the financial markets, has broken his silence on the price action of the major cryptocurrency, Bitcoin (BTC). Specifically, Brandt’s attention has been drawn to the controversy surrounding a possible bull flag forming on the BTC price chart. The controversy was sparked by the fact that Brandt once claimed that this pattern could not be as long as it is now on the cryptocurrency’s chart. Looking at Bitcoin’s price movement, we can see how a possible bull flag started to form in March 2024, after reaching a new…

Kresus, a prominent crypto wallet platform, has recently collaborated with Christie’s. According to Kresus, the partnership aims to revolutionize how collectors manage and prove ownership of their art collections. The platform will distribute blockchain-based ownership certificates for 130 auction lots included in the Christie’s sale. Kresus’s New Collaboration with Christie’s Offers Immutable and Secure Ownership Record The auction “An Eye Towards the Real: Photographs from the Collection of Ambassador Trevor Traina” will occur on October 2nd. Kresus noted that the venue of the auction will be the Rockefeller Center of Christie’s. In a landmark partnership, Kresus aims at minting digital…

VeChain partners with CCRI to align with EU’s MiCA regulations on sustainability. VeChain secures a US carbon trading patent, boosting green blockchain innovation. VeChain teams with SupplyME and UFC to expand blockchain applications globally. VeChain has announced a strategic partnership with the Crypto Carbon Ratings Institute (CCRI), a leading European organization focused on transparency in the environmental impact of the crypto industry. This collaboration aims to align the VeChainThor blockchain with upcoming Markets in Crypto-Assets (MiCA) regulations in Europe. We’re thrilled to announce our partnership with the Crypto Carbon Ratings Institute.CCRI is a leading European organization bringing transparency to the…

World Mobile Token has developed by integrating Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to boost cross-chain token exchange and staking. This integration across multiple blockchains, including Ethereum, BNB Chain, Base, and Arbitrum, makes user transactions smooth. Blockchain-powered mobile network @wmtoken has integrated Chainlink #CCIP.Learn more about why, as a DePIN project, World Mobile Token chose the industry-standard cross-chain solution ⬇️https://t.co/wp78YeI9bV pic.twitter.com/lPShW07fp7 — Chainlink (@chainlink) October 1, 2024 World Mobile ensures secure and reliable cross-chain operations, benefiting from CCIP’s security features and risk management protocols. Chainlink shared this strategic integration with Chainlink (LINK) through its official X account. Expanding Secure Cross-Chain Transfers…