Author: NBTC
The Dutch Central Bank revealed today that it hit the crypto exchange Crypto.com with a €2.85 million ($3.1 million) fine after failing to register for two years, breaking money laundering and terrorism financing laws. Crypto.com, registered as Foris DAX MT Limited, was fined by the Dutch Central Bank (DNB) on October 2, 2023, after it failed to register with the bank between May 2020 and November 2022. This period of non-compliance from Crypto.com was described by the DNB as ‘very severe,’ and led to the bank increasing the fine. The DNB also considered the number of Crypto.com’s customers and its…
Kyle du Plessis, a renowned crypto market analyst, has highlighted that Bitcoin fell by nearly $10,000 in one day during a flash to the downside. Plessis noted that the price drop led to mass liquidation, even though most cryptocurrencies are making impressive recoveries. In a recently uploaded video, the analyst highlighted around $1 billion in liquidations on the long side, marking the largest liquidation cascade in the last six months. Plessis noted that funding rates increased massively, while most altcoins continue to exist in the discount levels from the daily charts’ perspective. According to Plessis, the price dip could represent…
Planet ReFi has committed a hefty investment of $500,000 in ZIG coin, the native token of the Zignaly social trading platform. This investment marks Planet ReFi’s foray into harnessing artificial intelligence (AI) to enhance its DAO treasury management. With sights set on achieving an ambitious $100 million in revenue for the year, Planet ReFi aims to leverage the investment returns to substantially boost the protocol’s revenue, benefiting its token holders through a meticulously designed income distribution program. 🌐 $PLANET is diving deeper into #AI, investing $500,000 in #ZIG Coin! 🚀We’re collaborating with @Zignaly for AI-driven DAO treasury management, aiming for…
While meme cryptocurrencies were often considered symbols of a “just for fun” ethos and decentralization in its purest form in their early days, the status quo has changed in recent months. New data demonstrates that the largest whales might be the core beneficiaries of the meme crypto frenzy. SHIB, MEME, BABYDOGE: Whales concentrated power Five large stablecoins – Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI) Baby Doge Coin (BABYDOGE) and Memecoin (MEME) – are dominated by whales. For each cryptocurrency on the list, the top 10 wallets are responsible for over 50% of the circulating supply. Tis’ the season of…
Binance, one of the world’s leading cryptocurrency exchanges, announced that it has introduced several new trading pairs and expanded its trading bot services, in a move aimed at enriching the trading experience of its users. Binance Introduces New Trading Pairs and Trading Bot Services Binance will launch the following trading pairs, scheduled to launch at 11:00 AM on March 13, 2024: FLOKI/FDUSD, GRT/FDUSD, NEAR/USDC, and SNX/TRY. The next day, on March 14, 2024, at the same time, Binance will launch EUR/USDC, FET/USDC, and IMX/TRY trading pairs. Additionally, Binance will improve its trading bot services by adding new functionalities for selected…
El Salvador, the nation led by bitcoin-friendly President Nayib Bukele, has eliminated income tax on money coming into the country from abroad. “Congress has reformed our income tax law, for international investments and money transfers, dropping the rate from 30% to 0%,” Bukele said in a post on X. El Salvador was the first country to make bitcoin (BTC) legal tender and has been accumulating the cryptocurrency since September 2021. The Central American nation’s treasury is sitting on around $84 million in unrealized profit on its holdings. This tax reform is the latest action as El Salvador attempts to position…
As bitcoin surged to a fresh all-time high Tuesday, BlackRock’s bitcoin ETF clocked a record $788 million in inflows. Bitcoin topped $69,170 Tuesday morning in New York, the highest recorded price in more than two years. The largest cryptocurrency posted a mild correction later in the day, losing as much as 14% to just briefly dip just below $60,000, but analysts say the expected pullback is no reason to panic. “If yesterday’s moves permanently scared away many who do not want this kind of action in their portfolios, then that is good news for them and for the market,” Noelle…
Coming off the heels of ETH Denver, the rollup ecosystem is buzzing over the several new and exciting ideas discussed in the Mile High City to address the growing state fragmentation issue in the rollup space. Avi Zurlo is the chief product officer of =nil; Foundation. At the event, leaders, builders and visionaries revisited Ethereum’s rollup-centric roadmap from 2020; where we’ve come as an industry since then; and how the new roadmap has led to an explosive growth for the L2 ecosystem. Indeed, the total value locked in layer 2s is up by over 230% in the past year alone.…
Zac Prince will join Re Cost Seg, which provides cost segregation studies for real estate investors. Prince said there were plenty of lessons learned during BlockFi’s better days that he can apply to Re Cost Seg. As BlockFi settles with the estates of FTX and Alameda Research, which could lead to a full recovery for the bankrupt crypto lender’s users, Zac Prince, BlockFi founder and now former CEO, is leaving the company and crypto altogether for a real estate tech startup called Re Cost Seg. “I considered starting another crypto company after my time at BlockFi. I’m passionate about the…
CCData, a global leader in digital asset data recognized for providing institutional and retail investors with high-quality real-time and historical data, has recently published its February 2024 Exchange Review. According to CCData, the report aims to capture the key developments within the cryptocurrency exchange market, focusing on exchange volumes, market segmentation, and analysis of Bitcoin trading into various fiats and stablecoins. This report offers a comprehensive overview, serving the interests of crypto enthusiasts and professionals alike by providing objective insights into the digital asset industry. In the latest findings by CCData for February 2024, there was a notable increase in…