Author: NBTC

In order to support their fast expansion, GPU cloud network io.net and premier image-generation platform Leonardo AI have established a cooperation to increase its computational power . In order to support Leonardo AI’s rapid scalability in response to increased client demand for its generative AI content creation platform, io.net will provide enterprise-grade L40S GPUs. Millions of additional users have joined Leonardo AI’s content creation platform as a result of its expansion, taking use of its potent ability to produce visual assets of production-caliber quality whenever needed. Through this agreement, Leonardo AI from io.net will be able to use more A100…

ZA Bank becomes the first Hong Kong digital-only bank to gain a license from the Securities and Futures Commission for Type 1 regulated activity. According to Hong Kong news outlet HKEJ, on Sept. 30 a ZA Bank spokesperson said that ZA Bank has received approval from the China Securities Regulatory Commission to allow the company to add new conditions for virtual asset transactions to its Type 1 license. This news follows a year-long process the bank has undertaken since Hong Kong financial regulators tightened restrictions on unlicensed exchanges and the development of a regulated crypto ecosystem. The bank plans to…

Cryptocurrency analytics firm Alphractal has released a new report highlighting the resistance in Bitcoin’s open interest, which has reached $38 billion on major exchanges. The report notes that there has been a significant increase in open interest recently, especially on platforms such as Binance, Bybit, Bitget, Bitfinex, and CME. However, in the last 24 hours, many investors have closed their positions, causing a significant shift. The daily open interest delta fell by $400 million today and is on the verge of turning negative in the last week. Historically, sharp declines in open interest have generally been associated with price declines,…

China’s former minister of finance, Zhu Guangyao, has called on Beijing to pay more attention to the crypto markets in a speech at a summit hosted by Tsinghua University. Zhu also said that the government must recognize the risks and harm crypto poses to capital markets. China’s former minister of finance, Zhu Guangyao, said at a forum hosted by Tsinghua University that the government should study crypto more closely, given remarks made on the U.S. campaign trail. Crypto “has negative impacts, and we must fully recognize its risks and the harm it poses to capital markets,” Sina News quoted him…

Yield-bearing stablecoins are gaining traction, with the modular DPoS network Elixir recently introducing a new stablecoin, DEUSD, that offers holders the opportunity to earn returns from the crypto asset. Since Aug. 7, DEUSD’s market value has grown from $952,443 to $115.92 million. Yield-Bearing Stablecoins Continue to Rise In the midst of the rising popularity of yield-bearing stablecoins—such as those developed by Blast, Ethena, Mountain Protocol, Paxos, and Gyroscope’s recently launched “savings gyd” (SGYD)—a new player has entered the market. On Wednesday, Elixir, a modular DPoS network with 13,563 validators, launched DEUSD, a yield-bearing U.S. dollar-pegged crypto token, similar to Ethena’s…

The US Court of Appeals for the Third Circuit raised concerns over the Securities and Exchange Commission’s (SEC) denial of a rulemaking petition by Coinbase. The exchange, the largest in the US, has criticized the SEC for the lack of clear rules for the industry. The legal battle between Coinbase and the SEC is before the US Court of Appeals for the Third Circuit. In 2022, Coinbase filed a petition asking the SEC to create specific rules for crypto assets to clarify the regulatory framework for securities on digital platforms. The SEC denied this request in December 2023, forcing Coinbase…

Paranoid Bitcoin investors have become increasingly convinced that dealings between Coinbase, the biggest crypto exchange in America, and BlackRock, the largest asset manager in the world, may not be entirely on the up and up. Though a flood of capital into new spot Bitcoin ETFs pushed the price of BTC to a new all-time high in March, just two months after ETFs were approved in the U.S., the price should be much higher today with all those billions flowing into the market, befuddled Bitcoin buyers say. Coinbase—the U.S.-based cryptocurrency exchange that serves as custodian for most Bitcoin ETFs, including BlackRock—must…

Matrixport has acquired Swiss-based Crypto Finance AG in all-cash deal. The firm has been renamed Matrixport Asset Management AG (MAM). Singapore-based crypto financial services platform Matrixport has announced an all-cash acquisition of licensed Swiss crypto asset manager and former Deutsche Boerse Group subsidiary, Crypto Finance (Asset Management) AG. The Switzerland-based entity, now renamed Matrixport Asset Management AG (MAM), offers cutting-edge, institutional-grade digital assets investment solutions, including the first FINMA-approved crypto fund. FINMA is the Swiss Financial Market Supervisory Authority, an independent regulator of the European nation’s financial markets. Matrixport has $6 billion in assets under management. The regulatory-compliant acquisition expands…

Cardano (ADA) is almost at a major milestone with its Node Version 9.1.0 upgrade, which is now at 69% completion. This is bringing the network closer to the anticipated Chang hard fork, which is a major update that’s going to enhance Cardano’s on-chain decision-making capabilities. The latest upgrade, Node 9.1.0, is essential for the successful implementation of this hard fork. Once 70% of Cardano’s validators, or Stake Pool Operators (SPOs), have updated to the new node, the Chang hard fork will go ahead. With 69% of the 3,110 stake pools now ready to go, we will know the final date…

Olumide Osunkoya pleaded guilty to illegally operating a crypto ATM network. Sentencing for the offenses will take place at Southwark Crown Court at a date that will be confirmed. Olumide Osunkoya pleaded guilty to illegally operating a crypto ATM network, according to a press release by the Financial Conduct Authority (FCA) on Monday. This marks the first U.K. conviction for running a crypto ATM operation. Osunkoya, 45, pleaded guilty to five offenses at a hearing held on Monday at Westminster Magistrates’ Court. Last month he had been accused by the FCA of running crypto ATMs that processed british pounds 2.6…