Author: NBTC

PayProtocol AG, the issuer of Paycoin, announced plans to terminate its virtual asset custody service for the Paycoin app in South Korea. This decision stems from challenges in the domestic regulatory environment, which have prevented PCI’s payment services from resuming since February 2023. The company has decided not to renew its Virtual Asset Service Provider registration when it expires in April 2025, opting instead to focus on its growing international payment ecosystem. In July, South Korean authorities considered delaying the 20% crypto gains tax until 2028, following concerns from the local crypto community. The delay was discussed due to fears…

According to CryptoQuant CEO Ki Young Ju, Bitcoin won all the “FUD” this year. FUD stands for fear, uncertainty and doubt. The remarks come as the market successfully absorbed significant selling pressure from two major events: Mt. Gox Bitcoin sales and the sale of confiscated BTC by the German government. In January, German officials announced that they had secured almost 50,000 Bitcoin, or roughly $2 billion, which a suspect voluntarily transferred to the government amid allegations of commercial, unauthorized use of copyrighted works, and commercial money laundering. The decision to auction off the confiscated Bitcoin sparked concerns that impacted BTC’s…

U.S. Representative Mike Collins recently disclosed unusual trades for a politician, actively buying and selling crypto altcoins. One of his trades, in particular, has rendered the Congressman over 135% in unrealized profits so far. On July 11, Congressman Mike Collins disclosed the sale of three decentralized finance (DeFi) altcoins on June 23 and 24. These were The Graph (GRT), Velodrome (VELO), and Aerodrome (AERO), with sales ranging from $1,001 to $15,000. However, these same filings also disclosed previous and future AERO purchases, ranging between $1,001 and $15,000 before the sale and $15,001 and $50,000 after it, signaling higher conviction. Aerodrome…

On August 10, 2024, the cryptocurrency market showed signs of recovery over the past 24 hours following the recent crypto and stock downturn. Leading the comeback, Helium ($HNT) experienced a remarkable 15.41% increase. This significant increase makes it the top gainer among major coins. Close on its heels were Zcash ($ZEC) with a 12.95% rise, MANTRA ($OM) up by 11.95%, CRONOS ($CRO) increasing by 10.86%, and Arbitrum ($ARB) with an 8.9% boost. These figures were reported by PHOENIX, a well-known crypto media outlet. Daily Summary on August 10, 2024$HNT $ZEC $OM $CRO $ARB $BTC $ETH $SOL $XRP $DOGE#dailysummary #DeFi #Crypto…

The U.S. Department of Justice’s (DOJ) case against Tornado Cash developer Roman Storm will proceed to trial, a New York judge ruled during a telephonic hearing on Thursday. District Judge Katherine Polk Failla of the Southern District of New York (SDNY) denied Storm’s motion to dismiss the criminal charges against him, saying she had a lengthy order to read into the record to explain her reasoning. As of press time, she was reading another portion of that order, addressing a motion to compel certain materials. Along with fellow Tornado Cash developer Roman Semenov, Storm was indicted last August on three…

Decentralized derivatives trading platform dYdX has announced plans to shut down its v3 platform on October 28, 2024. The platform, which has reached over $1 trillion in trading volume, will continue to operate normally until the close, giving users time to close their positions and withdraw their USDC funds. According to the announcement, users are urged to close their trades and withdraw their USDC holdings as soon as possible. Users will also be able to withdraw all USDC balances, including open positions, directly from the Ethereum smart contract after October 30. dYdX assured its users that their funds are safe…

Cryptocurrencies received more fund inflows as investors traded in Bitcoin & Ethereum ETFs. According to Lookonchain, industry big shots like ARK21Shares and Grayscale saw a massive inflow and proven demand from investors. Sept 27 Update:10 #Bitcoin ETFsNetFlow: +5,572 $BTC(+$369.85M)🟢#ARK21Shares inflows 1,743 $BTC($115.7M) and currently holds 47,599 $BTC($3.16B).9 #Ethereum ETFsNetFlow: +22,921 $ETH(+$61.66M)🟢#Grayscale Ethereum Mini Trust inflows 10,365 $ETH($27.88M) and currently… pic.twitter.com/I5sjPQoEmy — Lookonchain (@lookonchain) September 27, 2024 Bitcoin ETFs Experience Large Inflows Bitcoin ETFs received a netflow of 5,572 BTC, which is roughly $369.85 million. The increase reflects that more people trust Bitcoin and institutional and retail investors seek to invest…

Cronos is currently riding the bullish wave, seeing significant gains despite the momentum of the general market slowing down. According to Coingecko, the token is up more than 12% since last week, going against the grain of the general market momentum. This week, Cronos has spurred investor interest as it creates momentum for its upcoming Cronos zkEVM mainnet alpha launch on August 15th. Cronos zkEVM Set To Launch With Major Partners The official Cronos X account has announced that the mainnet of its upcoming Cronos zkEVM will be released in its alpha stage on August 15 next week. This will…

Bitcoin company Swan alleged in a lawsuit filed Wednesday that ex-employees of the company, including former executives, conspired to execute a “rain and hellfire” plan to usurp the firm’s Bitcoin mining business. The company further alleges that the scheme was aided by Tether, the cryptocurrency giant responsible for issuing the industry’s largest stablecoin by market capitalization, USDT. The complaint, filed in the U.S. District Court for the Central District of California, alleges that the former employees stole “highly proprietary code” from Swan’s Bitcoin mining monitoring software, in addition to stealing its vendors and business partners. The employees conspired to resign…

Kazakhstan granted cryptocurrency exchange Bybit full license approval. Awarded by the Astana Financial Service Authority (AFSA), this approval strengthens the exchange’s expansion in the region. It allows the company to offer a range of crypto services and marks a win in the company’s ongoing global expansion. Kazakhstan has emerged as a key hub for cryptocurrency activity, especially following regulatory tightening in other parts of the world. This new license enables Bybit to offer digital asset trading, custody services, and investment management to users across Kazakhstan and the Commonwealth of Independent States (CIS). Commenting about the licensing, Ben Zhou, the Co-founder…