Author: NBTC

Cryptocurrency exchange OKX has received a significant boost in its expansion plans as its Singapore subsidiary, OKX SG, has been granted in-principle approval for a Major Payment Institution (MPI) license by the Monetary Authority of Singapore (MAS). This approval paves the way for OKX to provide digital payment token services and cross-border money transfer services in Singapore, further solidifying the city-state’s position as a leading crypto hub in Asia. Singapore has emerged as an attractive destination for crypto firms due to its robust regulatory framework, which aims to strike a balance between fostering innovation and ensuring consumer protection. The MAS…

Glassnode data shows that OG Bitcoin holders, or Fish (yellow), those holding between 1 – 10 BTC, still have the lowest realized price by quite some margin at just $15,630. Compared to Whales, whose realized price is currently $35,290, this indicates Fish have the lowest average cost per Bitcoin out of all holders. Further, any time the Bitcoin price has touched the Fish realized price, it has marked the bottom of the market, as seen in 2011, 2014, and 2018. The realized price above chart shows the average cost at which Bitcoin holders have acquired their coins, broken down by…

Digital asset services provider Taurus has announced the opening of its first North American office based in Vancouver, Canada. According to the announcement, this strategic move is part of Taurus’ ongoing international growth and efforts to cement its status as a key technology provider in the digital asset realm, now with a presence across three continents. Former Procore Technologies Andrew Maledy will lead the new Vancouver office, applying his background in infrastructure management, business technology, and cloud to Taurus’ new foray. “North America presents a significant opportunity for digital asset innovation, and we are excited to establish our presence in…

As cryptocurrency enthusiasts eagerly await the approval of a physically-backed Ethereum (ETH) exchange-traded fund (ETF) in the US, London has also seen a groundbreaking development. The UK’s Financial Conduct Authority (FCA) has approved two crypto exchange-traded products (ETPs) by WisdomTree, which are soon to debut on the London Stock Exchange (LSE). WisdomTree, a global issuer of exchange-traded products and funds with nearly $112 billion under management, announced on Wednesday that it received FCA approval to launch two new instruments on the LSE: WisdomTree Physical Bitcoin (BTCW) and WisdomTree Physical Ethereum (ETHW). These physically backed ETPs are expected to launch next…

Though the process has been ongoing for a relatively long time – and even the most outspoken opponents of the crypto market have been getting involved, including during the ‘crypto winter’ – 2024 has been the year of institutional cryptocurrency adoption. The trend has been most evident and extensive with regard to Bitcoin (BTC), particularly since the approval of the U.S.’ first-ever spot BTC exchange-traded funds (ETFs). Indeed, these financial instruments have seen significant institutional interest in recent months, with investors of all stripes joining the action. One country that has excluded itself from both the trend and its fruits…

The Sandbox and Bitkub established an alliance to expand the network’s metaverse within The Sandbox. The establishment of a metaverse hub will provide users with the opportunity to interact with a variety of desirable entities in the Bitkub Metaverse. The Sandbox operates as a decentralized gaming enterprise with a foundation centered around blockchain technology. The alliance will pave the way for digital communication by combining blockchain-based Sandbox gaming technology with Bitkub’s technical expertise. With the interconnection of famous entities belonging to the Bitkub Metaverse, there will be improvements in factors related to interoperability and the introduction of all-inclusive exposure with…

Bitcoin (BTC) is presently grappling with maintaining its price above the $60,000 threshold amidst persistent sell-offs across the broader market. Indeed, some players within the market speculate that Bitcoin may face further devaluation leading up to the halving event. For instance, market strategist Gareth Solway suggested on April 16 that geopolitical tensions served as a catalyst for Bitcoin’s price to breach a significant support trend line, which had been pivotal in propelling the cryptocurrency’s upward trajectory since February. Soloway emphasized that the breakdown remains unconfirmed while the support trend line has been breached. He explained this concept using probability, indicating…

Bitski’s embedded wallet tech allows onboarding by signing up with email. The financial terms of the deal were not disclosed. Phantom, the leading crypto wallet in the Solana ecosystem, has bought Web3-focused browser extension wallet Bitski, the companies said on Tuesday. The Bitski team will be joining Phantom to bring embedded wallets to Solana, according to a press release. The financial terms of the deal were not disclosed. The recent non-fungible token (NFT) boom, which Bitski enthusiastically supported, saw an expansion of the Web3 ecosystem towards mainstream users, and with it usability challenges particularly when using mobile devices. Embedded wallets…

San Francisco — The Graph Foundation, stewards of core developers of The Graph Network, launches the Sunrise Upgrade Program today, aiming to democratize data access through a range of on and off-chain activities rewarding participants with GRT tokens.—The Graph, renowned as the pioneer decentralized data marketplace, standardizes subgraphs as the method for indexing and accessing blockchain data across 50+ blockchains. The Sunrise Upgrade Program, fueled by community engagement, features missions encompassing both technical and non-technical tasks, from content creation to network contributions.CEO of Edge & Node, Tegan Kline, emphasized the program’s inclusivity, stating:”The Graph seeks to liberate data amidst monopolies…

A UK government inquiry into an FTX-backed charity that received $26.8 million in donations, has concluded that its trustees acted ‘quickly’ and ‘diligently’ protecting the charity’s funds in the wake of the crypto exchange’s high-profile collapse. In 2022, Effective Ventures Foundation (EV) filed a Serious Incident Report with the Charity Commission, informing it that FTX, one of the charity’s major funders, had filed for bankruptcy amid reports of criminal activity. It also informed the commission that the CEO of FTX Foundation and an unpaid advisor to the FTX Future Fund made up two of EV’s trustees. The commission subsequently launched…