Author: NBTC
The Financial Markets Authority (AMF) has issued a warning to savers in France regarding investment proposals by the digital asset trading platform BITGET. The AMF emphasized the need for utmost vigilance, highlighting that BITGET is not authorized to provide its services on digital assets within France. As a consequence, the AMF is prepared to take legal action to block the platform’s site. AMF Targets Unregistered Digital Asset Platforms Under the monetary and financial code, certain activities related to digital assets, including custody services, purchase or sale of digital assets, and operation of digital asset trading platforms, necessitate mandatory registration as…
CoinDCX, a leading crypto exchange in India, has partnered up with Mesh, a US company specializing in finance solutions, aiming to streamline digital asset transfers and management for its users. The partnership introduces a streamlined process for transferring assets between centralized exchange accounts and decentralized finance (defi) wallets directly on the CoinDCX platform. This feature simplifies the process of digital asset deposits, enabling secure and straightforward transactions without leaving the CoinDCX environment. “The integration with Mesh is a game-changer for CoinDCX and our users. Solutions like Mesh streamline the complexities of the crypto industry, significantly enhancing the usability factor for…
Decentralized taxi app DRIFE has integrated Layer 1 Sui blockchain, to offer seamless and simplified onboarding process for ride-hailing users. The blockchain-based mobility platform operates in India and the UAE providing fair and transparent ride-hailing experience. DRIFE’s key benefit is its ability to eliminate intermediaries, ensuring direct transactions between riders and drivers. By migrating to Sui blockchain, DRIFE will utilize its features including ZKlogin, which enables frictionless user interaction. Per a company release, Sui offers a fair solution for drivers that suffer due to centralization and high commission rates. DRIFE has chosen Sui due to the blockchain’s scalability, security and…
Veteran investor Jim Rogers, who co-founded the Quantum Fund with billionaire investor George Soros, expects all cryptocurrencies, including bitcoin, to disappear someday. Anticipating bitcoin going to “zero,” he stressed: “I’m very skeptical of crypto. I don’t expect it to last … I do not see any long-term value in cryptocurrency.” Jim Rogers Remains Skeptical of Crypto Despite bitcoin’s recent price explosion that set a new all-time high, veteran investor Jim Rogers remains skeptical of the cryptocurrency and the broader crypto market. Rogers is George Soros’ former business partner who co-founded the Quantum Fund and Soros Fund Management. Rogers threw cold…
In a Twitter/X post published on Wednesday, tech tycoon and meme lover Elon Musk made an emphasis on memes once again, which he does once in a while, as if reaffirming his support for this phenomenon. His love for memes began many years ago, however, only in 2020 did he tweet that “who who controls memes, controls the universe.” Musk is a fan of the original meme coin DOGE. PEPE soars on Elon Musk’s tweet Since it was Pepe the Frog depicted on the picture he published, the Pepe meme coin price immediately triggered a staggering 23.46% increase. It was…
A new bill introduced by the Brazilian administration imposes a 22.5% rate on residents of tax havens, with crypto investments being embraced by it, as reported by local news outlet Folha de São Paulo. Brazilian Finance Minister Fernando Haddad announced the legislation, which seeks to address tax evasion by closing loopholes that benefit those residing in tax havens. The proposed changes, which are expected to be neutral in terms of revenue impact, will not alter existing tax rates but will clarify the definition of tax havens and ensure transparency. The bill, set to take effect in 2025 if passed by…
Bybit, ranked among the top three crypto exchanges globally for its trading volume, has introduced a new feature called Dynamic Delta Hedging (DDH). This tool is designed to help professional traders and institutions manage the unpredictable nature of the crypto market. With Dynamic Delta Hedging, Bybit offers a system that automatically updates a trader’s portfolio position every six seconds. This means traders’ investments will constantly be adjusted to match their risk comfort level, offering protection from sudden price changes and volatility spikes. The cryptocurrency market is notorious for its instability, and DDH will be used to neglect this downside. Bybit’s…
Subsquid, the leading decentralized data lake provider, has recently introduced support for Prom to the platform. This is a major breakthrough in the smooth accessibility of on-chain information for developers wishing to apply it in their projects. The Subsquid SDK now supports Prom usage. It makes it easier for developers working within the Prom ecosystem to access all the data they require from one location. Prom Bridges Blockchain Ecosystems for Seamless Integration Prom, a modular ZkEVM Layer 2 solution, further distinguishes itself as an interoperability facilitator across chains. In contrast, the current platforms that require developers to target one chain…
An accelerating bull market usually correlates with an increasing influx of new investors. Short-term holders of Bitcoin (STH) – as the on-chain analysis calls them – join the market during the booming bull market. Driven by the desire for a quick profit, they don’t hold assets for long. However, if Bitcoin price corrects, as in the case of last week’s price action, short-term holders quickly lose ground. Despite this, their behavior and presence in the market are crucial to maintaining a healthy bull market. What Is the Significance of Bitcoin Short-Term Holders? Observing the behavior of Bitcoin short-term holders is…
An unknown trader spent about $1,170 in Solana to buy 8.18 million Dogwifhat tokens and then sold them for $142,000, which is now valued at $23.2 million. Lookonchain analysts say the investor purchased tokens five days after the trading began. When Dogwifhat (WIF) grew tenfold, the trader decided to sell the savings for 2,031 Solana (SOL) tokens, worth about $142,000, for a net profit of approximately $141,000. The 8.18M $WIF this trader sold for 2,031 $SOL($142K) at 10x profit now worth 23.25M USD!He spotted $WIF 5 days after it opened trading and spent 20 $SOL($1,173) to buy 8.18M $WIF.When $WIF…