Author: NBTC
In a move aimed at bolstering ties with law enforcement in handling crypto-related crimes, Binance conducted a virtual assets law enforcement workshop for the officers of the Keelung District Prosecutors Office in Taiwan. The event, announced on March 13, reflects Binance’s ongoing efforts to enhance safety within the web3 ecosystem and establish a more secure environment for users. The company’s commitment to adhering to anti-money laundering (AML) regulations was underscored by its application for registration under Taiwan’s Financial Supervisory Commission (FSC) and Money Laundering Control Act. The move, reported on Aug. 11, signifies Binance’s intention to expand its operations into…
TODAY is all set to team up with the AI gaming alliance to further research-related activities and unleash the power of AI gaming on the whole. The alliance includes big-time players from diverse fields, such as infrastructure, gaming, and AI projects. On the part of TODAY is a social simulation game that is the brainchild of a team of Oscar winners and some former professionals from companies such as Nintendo, SEGA, Epic Games, and Unity. TODAY’s exceptional exposure to conventional gaming, advanced production abilities, and continuous building of generative AI technology will all be at the disposal of the alliance.…
According to crypto data research provider Kaiko, Bitcoin’s rise to all-time highs has brought it to a major milestone in its trading volume, which has reached its highest level since 2021. #Bitcoin trade volume crossed $46 billion yesterday, its highest level since 2021. pic.twitter.com/YXIEwZgI5S — Kaiko (@KaikoData) March 6, 2024 Per Kaiko, Bitcoin trade volume crossed $46 billion on March 5, its highest level since 2021. Wu blockchain, citing Kaiko data, gives a breakdown of this milestone: the overall spot trading volume of BTC across all centralized exchanges (CEXes) surpassed $46.25 billion on March 5, its highest level since 2021.…
Major Russian companies will be forced to accept digital ruble payments as of October 2026, a new report has claimed. Per the news agency Interfax, smaller firms will likely have to follow suit and accept the CBDC by October 2027. Major Russian Companies Obliged to Accept Digital Ruble? Interfax said a “source familiar with the situation” confirmed that government and Central Bank officials want to amend the nation’s law “on the protection of consumer rights.” The source also claimed that the first batch of firms would comprise vendors (including data and service providers) with an annual revenue of above $330,000.…
The most important stablecoin, Tether, has officially breached the symbolically important barrier of a $100 billion market capitalization. It’s now nearly four times the size of its next competitor, USDC, and much larger than historically important funds like the $65 billion Reserve Primary Fund, which infamously broke the buck during the financial crisis. Throughout Tether’s near-decade-long ascendancy, it’s grown and matured from a firm that promised that USDT was “always backed 1-to-1, by traditional currency held in our reserves” and “subject to frequent professional audits” to a firm that now holds billions in yield-generating reserves that have never been audited.…
The head of India’s markets regulator says instant settlements are required to compete with crypto. Investors are likely to move to crypto if traditional markets “cannot offer tokenization and instantaneous settlement,” SEBI’s Madhabi Puri Buch said. The chairperson of India’s markets regulator has warned that if regulated markets don’t offer instant settlement, investors will move to spaces like crypto. Settlement refers to the final step in payments and securities trade. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (SEBI), announced plans to introduce faster settlements on Monday. India is planning to introduce a same-day settlement cycle…
Bloomberg ETF analysts Eric Balchunas and James Seyffart significantly lowered their estimates for the likelihood of Ethereum spot ETFs being approved by May. Balchunas lowered his forecast from 60-70% to 30%, while Seyffart became less optimistic as the deadline approached. Despite the declining odds, market maker GSR remains hopeful about approval. However, both JPMorgan and TD Cowen predict approval will not come in May. Balchunas said the following on the subject: “The probability of ETH ETFs being approved by the May deadline has dropped to 35%. We understand all the reasons why they should confirm and we personally believe they…
Core Foundation has announced a $5 million innovation fund to promote India’s Web3 communities. The move comes at a time when the country is fast emerging as a global hub for web3 innovation. Announced on Thursday, the fund aims to further India’s decentralized application ecosystem on Core Chain – EVM-compatible blockchain secured on Bitcoin. “The funds are sourced from a $200 million Core ecosystem fund,” Shivangi Pandey, India Ecosystem Lead at Core DAO, told Cryptonews.com. “We are seeking to invest in the India web3 ecosystem by supporting blockchain developers, builders & founders through our upcoming accelerator program and Hackathons, scheduled…
VeChain’s VET hits 1.1 million holders showcasing rapid growth. Positive indicators drive VeChain’s upward momentum. Past performance suggests a potential mid-June rally. Amidst VeChain‘s recent announcements, the enthusiasm around the project intensifies as its native asset, VET, exhibits strong bullish indicators. Analysts delve into predictions and optimistic outlooks for VeChain’s future. One avid VeChain supporter highlights a significant milestone, noting a rapid increase in holders. Within the last two months, VeChain attracted an additional 100,000 holders, reaching a remarkable total of 1.1 million. in the last 2 months #Vechain has added another 100K holder making that a total of 1.1…
Terraform Labs has been allowed to hire law firm Dentons by a U.S. court, Reuters reported on Wednesday. Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons in February. A U.S. court has allowed Terraform Labs to hire law firm Dentons in a lawsuit brought against it and its co-founder Do Kwon by the U.S. Securities & Exchange Commission (SEC) in Jan. 2024. Last month, Terraform’s creditors, the SEC, and the U.S. Justice Department objected to Terraform hiring Dentons after it had filed for bankruptcy in the U.S. in Jan. 2024. Their primary concern was…