Author: NBTC

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…

This is a segment from the Empire newsletter. To read full editions, subscribe. Binance has barely skipped a beat since CZ stepped down. And it’s not like the odds aren’t stacked against it — even to the point that much of the world outside crypto has been outright hostile to it. The past few years have seen rolling bans and other jurisdictional roadblocks across parts of Europe, Asia and Africa. That includes a grueling eight-month ordeal in Nigerian jail for Tigran Gambaryan, Binance’s head of financial crime compliance who’d been arrested on spurious money laundering charges. Then there’s increasing competition…

Crypto analyst TechDev has predicted that the Bitcoin price could rally to as high as $139,000 in this market cycle. The analyst made this prediction based on previous election cycles, which were also bullish for the flagship crypto. Bitcoin Price To Reach $139,000 Based On Previous Election Cycles In an X post, TechDev predicted that the Bitcoin price could reach $139,000 in this bull run based on previous election cycles. In 2012, the Bitcoin price was $10 on election day, and a year later, BTC witnessed a 22.7x increase as it rallied to $245. In 2016, Bitcoin was $710 on…

Phoenix Global Media Group’s AIR streaming platform has announced a strategic partnership with crypto-powered Theta Labs. The two firms want to roll out what they described as the globe’s first AI and blockchain-powered audio streaming service. Based on the collaboration, the new product will integrate with AIR’s advanced AI technology and Theta’s Edgecloud infrastructure to provide immersive video and audio content to users. This innovation will provide users with a high and seamless personalized experience needed in the Web3 landscape. The partnership will see the two firms develop special NFT offerings for entertainment events. By incorporating Theta’s EdgeCloud technology, AIR’s…

The ongoing legal battle between Ripple Labs and the US Securities and Exchange Commission (SEC) has gained widespread attention, carrying profound implications for the entire cryptocurrency industry. The lawsuit, which began in December 2020, accuses Ripple, along with its CEO Brad Garlinghouse and co-founder Chris Larsen, of raising over $1.3 billion through an unregistered securities offering by selling XRP. In the midst of this high-stakes legal fight, Ripple’s Chief Technology Officer (CTO), David Schwartz, recently shared his thoughts on the situation. He opened up about the challenges posed by the lawsuit and the broader regulatory scrutiny faced by the crypto…