Author: NBTC
In a recent OKX briefing, the crypto exchange platform continues to champion transparency and accountability within the dynamic crypto landscape. The report indicates 100% for all assets, ensuring that users’ funds are backed on a 1:1 basis. The milestone marks nearly a year and a half since the beginning of the program to improve Proof of Reserves verification. Currently, OKX users are able to verify the proof of reserves data and ascertain the exchange’s solvency at any time. In 2023, the platform incorporated several changes to the PoR system based on user suggestions. The changes led to the introduction of…
Ripple CTO David Schwartz recently clarified the use of XRP and other assets on the upcoming XRPL Ledger (XRPL) AMM. With the XRPL Automated Market Maker (AMM) feature set to go live in the next three days, discussions around its functionality and features have enveloped the XRPL community, leading to multiple speculations. One such speculation is if the AMM only works with XRP. In a recent post on X, Davis Schwartz addressed an inquiry from a community member seeking clarification on whether the forthcoming AMM would exclusively support XRP pools or accommodate multiple assets. This uncertainty stems from the fact…
A South Korean civil servant was arrested on March 27 on charges of committing crypto-related fraud and carrying out voice phishing attacks. According to Fn News, the accused is a level six district office official in her 50s. Police said she “received money from multiple victims.” Police say she converted the fiat to Bitcoin (BTC). She then reportedly sent the coins to a “voice phishing gang member.” South Korean Civil Servant ‘Worked for Voice Phishing Gang’ Police in Seoul’s Dongdaemun District said they had arrested the woman “on charges of fraud” at a bank in the Jegi Neighborhood. Officers said…
HashKey Exchange has formed a strategic partnership with Victory Securities to enhance virtual asset services in Hong Kong. In an official announcement made by HashKey, the exchange has entered a collaboration with the Hong Kong Securities and Futures Commission (SFC) licensed investment management firm Victory Securities on March 28. HashKey to Enhance Digital Asset Services The collaboration focuses on enhancing virtual asset trading and custody services to meet investors’ growing demand. Victory Securities, notable for being the first in Hong Kong to receive SFC licensing for virtual asset services, contributes regulatory expertise to the partnership. HashKey Exchange, through this collaboration,…
Bitcoin’s market is witnessing an extraordinary phase of accumulation as prominent crypto investors, often referred to as whales, have increased their stakes in the digital currency. In an aggressive expansion of their portfolios, these whales have added over 100,000 BTC, valued at approximately $7 billion, over the past week alone. #Bitcoin whales have purchased more than 100,000 $BTC over the past week, worth $7 billion! pic.twitter.com/2LBDgZ17Xa — Ali (@ali_charts) March 27, 2024 This investment highlights a profound vote of confidence in Bitcoin from its most substantial investors, suggesting a bullish outlook for its future. The details of this transaction surfaced…
A new meme coin, Slerf (SLERF), recently outpaced Book of Meme (BOME). Its market capitalization momentarily surpassed BOME’s, marking a notable shift in the meme coin ecosystem. While the broader crypto market is down on Tuesday, Slerf has been skyrocketing. How Meme Coin Slerf Tries to Emerge Out of a Major Fumble Originating from the Solana meme coin presale narrative, SLERF quickly amassed a $1.74 billion trading volume. This surge happened shortly after its launch, drawing thousands of unique holders. The coin’s value increased by nearly 50% in just 24 hours, propelling its market cap above $550 million. Consequently, major…
QuadrigaCX co-founder Michael Patryn is the target of an unexplained wealth order by the Canadian Province of British Columbia. This tool is relatively novel, and Patryn has contested the claim, with his counsel calling it unconstitutional The Canadian Province of British Columbia is seeking to use an unexplained wealth order, a new type of court order that compels a person to explain how they acquired their assets, to target the co-founder of QuadrigaCX, Michael Patryn. “Today, we have filed our third unexplained wealth order application with the British Columbia Supreme Court,” Mike Farnworth, the Province’s Minister of Public Safety and…
According to Bloomberg, the USA and the UK are investigating the $20 billion cryptocurrency transfer sent to the Russian stock exchange. The United States and Britain are examining more than $20 billion in cryptocurrency transfers through a Russia-based virtual exchange as part of Russia’s efforts to evade sanctions, according to people familiar with the matter. Knowledgeable people said that the $20 billion transfer examined was made through the Moscow-based cryptocurrency exchange Garantex and using Tether (USDT). It was stated that the transfers in question took place since Garantex was sanctioned by the USA and the UK on suspicion of facilitating…
Bitcoin price is consolidating gains above the $69,000 support zone. BTC must clear the $71,500 resistance zone to start a steady increase. Bitcoin price is still showing positive signs and facing resistance near $71,500. The price is trading above $69,000 and the 100 hourly Simple moving average. There is a major bullish trend line forming with support at $69,120 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it clears the $71,500 resistance zone. Bitcoin Price Holds Support Bitcoin price remained in a positive zone above the $68,800 resistance zone.…
Fintech Breakthrough recognizes Ripple’s expertise in the payment industry as the company wins awards for best cross-border payments and DeFi infrastructure platform for 2024. Ripple’s role in the payment sector cannot be overemphasized. Since its launch in 2012, the California-based company has provided enterprise-grade infrastructure, enabling businesses to leverage blockchain to send and receive payments cheaper, faster, and more efficiently across borders. Ripple Wins Prestigious Awards Given its expertise in the global payment sector, Ripple was recognized as the Best Cross-Border Payments Platform and Best DeFi Infrastructure Platform in the 2024 Fintech Breakthrough Award program. The top crypto payments company…