Author: NBTC
The two trials will test out letting mainland Chinese residents visiting Hong Kong to access tokenized financial services through a local app. It will use the China Real-Name Decentralized Identifier System (RealDID) for anonymous registration. Layer one blockchain Flare and decentralized cloud infrastructure company Red Date Technology have announced two trials that will allow mainland Chinese residents to buy stablecoins issued by virtual asset company IDA in Hong Kong. The first trial will allow for anonymous registration on a regulated stablecoin app and the other will facilitate the purchase of tokenized financial products with the stablecoin. “With Hong Kong on…
Roblox-style metaverse game Nifty Island concluded its play-to-airdrop campaign last week. Over the nine-month push, the game attracted more than 140,000 unique active wallets—but now it’s preparing for the ISLAND token launch and airdrop. Nifty Island entered open beta at the start of the year as a voxel-style sandbox title, letting players create and share their own game worlds (called Islands) to keep a potentially endless flow of fresh content on the platform. Since the play-to-airdrop campaign began, approximately 70,000 Islands have been made by users as the game’s developers added new game modes and abilities, and improved the client.…
Pendle protocol sees a 13% jump to $3.59 in the value of its native token $PENDLE after it announced to include Bitcoin yield strategies with new $BTC pools. Not just a price surge, but the community members are pumped about the token with 87% showing strong bullish sentiments, as per Coinmarketcap data. BitMex Co-founder Arthur Hayes also showed his optimism about the launch as he bets on $PENDLE rising to $10, in a X post, “$PENDLE + $BTC DeFi = $10. Bet.” Pendle along with a trio of Corn, Lambard(LBTC), and Babylon will collectively unlock new yield opportunities for BTC.…
One of President-elect Donald Trump’s many promises — to fire Gary Gensler and appoint a new chair of the U.S. Securities and Exchange Commission — could happen as soon as Jan. 20, the day of his inauguration. Gensler, for example, took office less than 11 weeks after being appointed by President Joe Biden on Feb. 3, 2021. Gensler could also step down before Trump takes office, in which case the Democratic Party would appoint an interim chair. U.S. President-elect Donald Trump’s many endorsements from crypto leaders — the Winklevoss twins, Marc Andreessen and Ryan Selkis, just to name a few…
Binance, one of the world’s largest cryptocurrency exchanges, has issued a key notification regarding upcoming Tether (USDT) transfers across multiple networks. In a recent tweet, Binance stated it will be conducting a Tether token swap over the next few days, starting Nov. 6 across networks like Ethereum (ETH), Tron (TRX), Avalanche (AVAX), NEAR, EOS and CELO. This rebalancing of holdings is intended to maintain optimal liquidity and security across these networks. Starting today, #Binance is carrying out a Tether token swap over the next few days across networks like ETH, TRX, AVAX, NEAR, EOS, and CELO to rebalance holdings.If you…
What are the potential risks and rewards of holding POL instead of MATIC, and how are experts forecasting the token’s future role in Polygon’s 2.0 roadmap? Table of Contents MATIC becomes POL Understanding the migration Smooth transition or challenges ahead? Community reaction and price action What do experts think? The road ahead MATIC becomes POL On Sep. 4, Polygon (POL), the Ethereum (ETH) scaling network, officially made a notable shift in its ecosystem by migrating from the well-known MATIC token to a new native token called POL. 🧵 POL Upgrade | Everything to Know 🧵Users w/ MATIC on Ethereum can…
With Donald Trump’s victory in the 2024 presidential election, speculation is mounting about potential changes at the SEC. Among the top contenders to replace current SEC Chair Gary Gensler, Commissioner Mark Uyeda has emerged as a strong candidate, potentially signaling a significant shift in the agency’s approach to digital assets regulation. Uyeda’s background and stance on crypto Mark Uyeda, who was sworn in as an SEC Commissioner on June 30, 2022, has gained attention for his critical views on the SEC’s current approach to crypto regulation. In a candid interview on Fox Business’s “Mornings with Maria” in October 2024, Uyeda…
Leonidas, the Founder of Runestone, has written to Coinbase seeking clarification on ‘fair and transparent listing’ of Bitcoin-based memecoin, $DOG. Leonidas submitted an open letter to Armstrong and Coinbase via X, an action that essentially builds on their previous request wherein they sought the team to address their issues about fair listing and transparency for DOG tokens. In the open letter, Leonidas noted, “Mr. Armstrong’s public call for applications and invitation to “drop us a note”, even after our initially fruitless earlier attempts, encourages the $DOG Army to reiterate our request for a $DOG listing” OPEN LETTER TO COINBASE Subject:…
In recent years, China has consistently reduced its exposure to US Treasury bonds but has turned to gold rather than other alternative assets like Bitcoin. Per data from the US Treasury, China’s holdings of US Treasury bonds have declined from a peak of around $1.2 trillion in 2017 to under $800 billion this month. This decline indicates a change in China’s strategy, a move away from the US dollar and towards other assets that hold less dependency on the American economy. However, despite this diversification, China has steered clear of Bitcoin as a potential addition to its reserves. Instead, over…
Yuzo Kano, founder and CEO of leading Japan-based exchange Bitflyer, says that Modern Monetary Theory (MMT) could lead to all kinds of economic and societal ills, including runaway inflation and loss of faith in money. The former Goldman Sachs trader noted on X that “inflation may never stop” should MMT be implemented more and more — a big problem for already struggling Japan. While American doom scrollers talk incessantly about Trump and Harris, and others — more understandably in a sense — mourn a murdered squirrel named Peanut, Yuzo Kano is warning about the danger of implementing Modern Monetary Theory…