Author: NBTC
ZA Bank, a digital neobank offering crypto trading, is reportedly considering physical branches in Hong Kong following new HKMA rules. Hong Kong‘s digital banks are exploring the possibility of opening physical branches as the local regulator introduced new rules allowing them to do so, the South China Morning Post has learned. According to the report, WeLab Bank, Mox Bank, and crypto-friendly ZA Bank, are among the banks considering setting up physical locations. The new Hong Kong Monetary Authority rule permits digital banks to operate a limited number of physical branches. ZA Bank, the largest digital bank in the city, supported…
As someone who has used Microsoft products my whole life, it pains me to see they are fumbling the bag on Bitcoin. The company’s $78 billion in cash reserves are losing value daily. Meanwhile, they stubbornly refuse to follow MicroStrategy’s proven winning strategy — convert those melting dollars to scarce Bitcoin! Microsoft announced a couple of months ago that it would buy back shares up to $60 billion; it seems like this did nothing to increase the stock price. Imagine if they had bought Bitcoin instead. That money would have been much more powerful if allocated to Bitcoin. The company…
With high demand for bullish momentum in the $2,200–$2,800 range, Ethereum consolidates between $2,800 and $4,000. Testing $3,717 resistance and targeting the $4,879 ATH could confirm Ethereum’s next bullish breakout. Continuous accumulation in the HTF demand zone indicates Ethereum’s potential for long-term gains and steady growth. The price of Ethereum (ETH) hovers around a huge range of $2,800 to $4,000. This 10-month accumulation phase may come before a fresh all-time high (ATH) run, per market analysis. Currently, the price correction is creating buying opportunities within the high time frame (HTF) demand zone. The Key Buying Zone: $2,200-$2,800 The $2,200-$2,800 range…
Shibarium, the Layer 2 blockchain network for the Shiba Inu ecosystem, is on the verge of integrating the Chainlink’s cross-chain interoperability protocol (CCIP), which could improve its interoperability. The development came to light when The Bus, a prominent figure in the Shiba Inu community, analyzed code details related to the integration. He shared screenshots of the codebase highlighting details of Shibarium’s potential integration with CCIP. The screenshots show a “PriceRegistry” smart contract that facilitates the conversion of token amounts across blockchain networks. Notably, the contract uses Chainlink technology to verify token prices and ensure accurate cross-chain token transfers. While the…
Cryptocurrency exchanges have argued that pension funds should be allowed to invest in crypto assets, enabling South Africans to benefit from the substantial growth in cryptocurrency value. South African Treasury Urged to Formulate Progress-Promoting Policies South African crypto exchanges have called on authorities to remove a prohibition barring pension funds from investing in crypto assets. They argue that regulations giving pension funds an option to invest in other assets need to be reviewed to allow South Africans to benefit from the growth in value of crypto assets. On Jan. 2, Farzam Ehsani, founder and CEO of VALR, one of the…
In a grand announcement, the Elderglade and Spintop have come up with a strategic collaboration plan to transform the blockchain gaming industry. The partnership aims to leverage Elderglade’s retro-style gaming concept with Spintop’s integrated Web3 gaming environment that comprises playing, investing, and trading. 🦊 Strategic Partnership 🦊We’re thrilled to announce our partnership with @SpintopNetwork! 🔥#Spintop is an all-in-one blockchain gaming platform that connects web3 games and gamers, offering tools to play, invest, stake, and trade within a unified ecosystem.#Elderglade is… pic.twitter.com/G8LFz0cpiS — Elderglade (@Elderglade) January 14, 2025 Blending Nostalgia with Blockchain Technology Elderglade, which has PvPvE extraction looter gameplay with…
Bithumb, South Korea’s second largest crypto exchange, is dropping NongHyup Bank in favor of Kookmin Bank as part of its efforts to tap into the mainstream market. According to a report by The Korea Times on Jan. 13, Bithumb will be changing its deposit and withdrawal service provider bank from NH NongHyup Bank to KB Kookmin Bank starting from March 2025. South Korea’s Financial Intelligence Unit, the nation’s financial watchdog, recently approved the exchange’s application to change partner banks. According to the report, Bithumb’s partnership with Nonghyup will end on March 23. By South Korean law, crypto exchange’s are only…
Bitcoin (BTC) is inching closer to the $100K milestone in one of its biggest yearly rallies. This time, many retail investors missed out on the bull run. Retail investors benefitted only partially from the biggest bull run in Bitcoin’s history. As the coin peaked to new highs above $98,500, the rally was led by the influence of whales. Retail holders only partially benefitted from the rally, as the number of small-scale wallets diminished in 2024. The most numerous type of address, holding between $1 and $1,000 of BTC, diminished since the end of August. Those retail addresses reached 44.2M just…
On the first day of every month, Ripple unlocks 1 billion XRP tokens from an escrow system using the XRP Ledger. On December 1 (Sunday), the company will unlock $1.60 billion worth of tokens in three transactions of 200 million, 300 million, and 500 million XRP. Interestingly, December 2024’s unlock accounts for 1.75% of the current 56.99 billion circulating supply. Moreover, accrues for 2.61% of the remaining 38.23 billion XRP tokens locked in escrows under Ripple’s control. Three escrows will reach finality in the last minutes of November 30, held by two known wallet addresses Ripple owns. In particular, ‘Ripple…
Taiwanese authorities have apprehended a 30-year-old man, identified as Chen, for operating as an unregistered virtual currency dealer under newly enforced anti-money laundering regulations. Chen, based in Kaohsiung, had been using Facebook groups to solicit cryptocurrency trades and arrange in-person transactions where he exchanged Tether (USDT) for cash. Despite the new law, Chen reportedly completed hundreds of transactions in less than a month, selling 400,000 USDT and profiting NT$800,000. Police arrested him on December 24 and seized computers, mobile phones, cash counters, and safes as evidence. This marks the first case of its kind since the Virtual Asset Service Provider…