Author: NBTC

South Korean cryptocurrency exchange Korbit has announced it will terminate its Web3 wallet service at 3:00 a.m. UTC on December 31. After that time, all asset transfers through the Web3 wallet — including withdrawals and transfers — will be permanently disabled, and users are urged to move their holdings to their Korbit exchange accounts or external wallets before the deadline. Key Dates and Service Changes Korbit has set a series of cutoff points leading up to the full shutdown. As of today, the exchange has suspended withdrawals on the Silicon network from the Korbit exchange, the creation of new Web3…

Fetch.ai has unveiled a new transaction workflow for BNBCHAIN, showcasing a system that employs three distinct uAgents. This innovative approach aims to streamline transaction processes, potentially enhancing the efficiency of the BNBCHAIN ecosystem. The architecture includes a sender, validator, and monitor, which collectively ensure thorough transaction handling. Developers may find this resource beneficial for building more efficient workflows, as highlighted in Fetch.ai’s tweet. What Went Down The broader crypto market is currently experiencing mixed signals, which may be influencing the reception of BNBCHAIN’s latest developments. Fetch.ai’s transaction workflow, detailed in their recent tweet, demonstrates a structured approach to transaction validation…

Bitcoin price has slipped below $64,000 as renewed US-Iran tensions, volatile oil prices, and a technology-sector sell-off tied to China’s Kimi K3 launch drove investors away from risk assets. According to data from crypto.news, Bitcoin ($BTC) price fell nearly 2% to $63,785 on Monday before recovering toward $64,000, still down about 1% over the past 24 hours. The Crypto Fear & Greed Index remained in “Fear” territory at 29, while Ether, XRP, BNB, and Dogecoin also posted slight daily losses. Middle East risks intensified after a projectile set a vessel ablaze in the Strait of Hormuz, forcing its crew to…

Ethereum continues to assert its dominance in decentralized finance, as highlighted by the recent announcement from Uniswap’s Hayden Adams. He revealed that the new stable pair hook launched just five days ago has achieved the highest trading volume on the Ethereum network. This innovation is crucial for liquidity providers, offering enhanced returns. The growing interest in this feature points to the ongoing evolution of Ethereum’s DeFi landscape. The Story So Far Ethereum’s recent developments underscore its pivotal role in the decentralized finance (DeFi) sector. According to Hayden Adams, the newly released stable pair hook on Uniswap has quickly become the…

India’s banking sector is reportedly entering a new phase after years of high bad loans. Bad loans have fallen sharply, with public-sector banks bringing their net NPA ratio down to a record low of 0.4%. This points to healthier balance sheets and a significant recovery from the bad-loan crisis. Thus, Indian banks are now getting more opportunities to focus on new lending. However, now the concern is how this shift will impact credit, liquidity, and overall risk appetite. Usually, a healthy banking system is good for economic activity and market confidence. Although it doesn’t directly influence stock or crypto prices,…

Shiba Inu’s burn activity has reversed sharply this week after recording one of its strongest performances in months. Over the past 24 hours, Shiba Inu witnessed the incineration of just 7.10 million $SHIB worth approximately $33 at current prices. This dramatic slowdown follows a period of intense burn activity that fueled optimism across the Shiba Inu community. The latest figures represent a steep decline from the elevated burn levels recorded at the end of July, indicating that the recent momentum has cooled, at least for now. Burn Volume Drops From Billions to Millions The latest burn figures stand in sharp…

CryptoUK has announced a significant regulatory update as the FCA removes the proposed ‘fungibility exception’ under the UK’s final A&D rules. This change mandates that trading platforms cannot solely rely on fungibility to bypass the requirement for a separate Qualified Cryptoasset Designation (QCDD) when admitting qualifying cryptoassets. This decision could lead to stricter compliance measures for crypto firms in the UK, as detailed in the official tweet. The Latest The broader crypto market is currently exhibiting mixed signals, with various assets showing different momentum. In a recent tweet, CryptoUK highlighted the FCA’s removal of the fungibility exception, emphasizing that trading…

An on-chain tracker flagged the movement of 30 million World Liberty Financial USD ($USD1) from Fireblocks’ custody wallet to Binance in the last 15 hours, ending August 31. This continues the trend, which has already moved most Trump-related stablecoins to a single offshore exchange. In the context of the global cryptocurrency market, which increasingly relies on stablecoins to settle trades, this concentration is a key point. It implies that a large portion of the money behind a leading dollar stablecoin is available on just one platform. One wallet, one exchange, tens of millions at a time The latest transfer was…

Hedera has launched a new feature enabling AI agents to create transactions, which users can sign, ensuring they remain in control. This announcement, made via a tweet from the official Hedera account, signifies a significant step towards integrating AI with blockchain technology. As the crypto landscape evolves, this could enhance user engagement and transaction efficiency. Inside the Move The broader crypto market is showing mixed signals, with varying momentum across major assets. Hedera’s latest initiative comes at a time when innovation in blockchain technology is essential for attracting users and maintaining competitive advantage. The introduction of AI agents for transaction…

Grayscale Investments has outlined a strategy for Bitcoin holders to potentially generate an annualized return of approximately 22% if the cryptocurrency enters an extended period of sideways price action. The approach, detailed by Grayscale’s head of research, Zach Pandl, involves a covered call strategy that leverages the sale of call options against a spot Bitcoin position. How the Covered Call Strategy Works A covered call strategy is a common options trading technique. In this context, an investor holds spot Bitcoin while simultaneously selling (writing) call options on the same asset. The premium collected from selling the call options generates income,…