Author: NBTC

Recently, D’CENT Wallet announced an innovative partnership with top European fintech company STASIS. The goal is to give users more financial control and reliable digital asset management tools. This strategic partnership is a major step toward connecting traditional finance to the fast-changing Web3. D’CENT Wallet teams up with @stasisnet, a leading European fintech to bring $EURS, the rock-solid euro stablecoin backed by Central Bank, to the #XDCNetwork!Enjoy unmatched security & stability for your #DeFi adventures while we supercharge the XDC ecosystem together!💪… — D’CENT Wallet🇰🇷🫡 (@DCENTWALLETS) March 4, 2024 D’CENT Wallet Enhances Offerings with STASIS’s EURS Stablecoin This partnership’s biggest…

Read More

OKX Ventures, the Web3 technology firm investment arm of leading cryptocurrency exchange OKX, announced a significant investment in BounceBit, a leading platform focused on the development of Bitcoin (BTC) currency exchange infrastructure and solutions. OKX Ventures Made a Strategic Investment in Bitcoin Restaking Platform BounceBit Since launching, BounceBit achieved Total Locked Value (TVL) of $510 million in its first month of operation. BounceBit operates as a proof-of-stake (PoS) Layer 1 chain using a distinctive dual-token system that combines native BTC security with full Ethereum Virtual Machine (EVM) compatibility. The platform’s BTC Restaking service provides common security for infrastructure and decentralized…

Read More

Island-hopping sandbox title Nifty Island has only been live for a few weeks, but the Web3 gaming world is already talking up a storm about its combination of building tools and user-created games. Decrypt’s own initial hands-on review said that Nifty Island’s beta release was, “living up to my expectations and exceeding them in some ways,” highlighting its “flexibility, simplicity, and affordability” and visual and aural appeal. Other reviews agreed, with Bankless calling Nifty Island, “the kind of metaverse experience the NFT space has been calling for since 2021,” and adding that, “The game modes are all fun, in-game quests…

Read More

Coinbase’s Chief Legal Officer, Paul Grewal, has taken a bold stance in the ongoing legal battle between Coinbase and the Securities and Exchange Commission (SEC). He drew parallels to a recent Supreme Court case involving bump stock guns to counter the SEC amid its several ongoing lawsuits against crypto industry participants. Paul Grewal Firmly Counters SEC In a statement on X platform, Grewal referenced an exchange between Justice Gorsuch and a government official regarding the bump stock gun case. Moreover, he highlighted the abrupt shift in government interpretation of a statute enacted in the 1930s. The Coinbase CLO emphasized, “A…

Read More

The Runestone, the largest ordinal inscription by block size, is up for auction, NFT historian Leonidas said on Wednesday. According to Leonidas, the current highest bid for the Runestone inscription 63,140,674 is 0.26 BTC, around $17,261.61 on the Ord City marketplace. Leonidas said all of the proceeds from this auction will cover the Bitcoin network fees associated with the Runestone airdrop and go to Bitcoin miners. “There is no team allocation, pre-sale, etc., and the open-source eligibility algorithm was designed to not favor whales,” Leonidas said. “Runestone is a non-utility project, and The Runestone and its delegate inscriptions that point…

Read More

Ethereum price is consolidating gains above $3,400. ETH is showing positive signs and might soon aim for a move above the $3,500 resistance zone. Ethereum is holding gains and consolidating below the $3,500 resistance zone. The price is trading above $3,400 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $3,420 on the hourly chart of ETH/USD (data feed via Kraken). The pair seems to be setting up for a move toward the $3,650 and $3,800 levels. Ethereum Price Remains Supported Ethereum price formed a base above the $3,350 level and started…

Read More

The city of Hong Kong has detailed the advancement of new Web3 and digital yuan initiatives as part of its 2024-2025 budget. In a speech, Hong Kong Financial Secretary Paul Chan stated that the city would expedite a Web3 sandbox for stablecoins and expand the digital yuan pilot as part of its digital finance policies. Hong Kong to Launch Web3 Stablecoin Sandbox and Digital Yuan Pilot Expansion Hong Kong announced a series of new actions and policies it will adopt in 2024. In a speech offered by Financial Secretary Paul Chan, it was explained that the extension of these policies…

Read More

Alchemy Pay, a leading fiat-to-crypto payment network, has announced the successful acquisition of a Money Transfer License (MTL) in the U.S. state of New Hampshire. The company now has the authority to engage in activities such as selling or exporting payment instruments, storing value, and sending money elsewhere, following the regulatory rules in New Hampshire. Alchemy Pay revealed its intention to apply for Money Transfer Licenses in other states across the U.S. and expects to continue receiving these licenses in the near future. Alchemy Pay, a prominent fiat-to-crypto payment network and altcoin project, has obtained a license for money transfer…

Read More

There seems to be some division amongst crypto gamblers about the prospective timeline and odds that the United States Securities and Exchange Commission (SEC) will give its nod to spot Ethereum ETFs like it did with Bitcoin ETFs in January. Polymarket Insight on Spot ETH ETF There are speculations that the agency may approve the spot Ethereum ETF applications that have been filed to its office by May 31. However, a chart from Polymarket, a renowned prediction market, shows that the odds of having a positive decision from the SEC by the proposed time is not even up to 50%.…

Read More

Investors viewed bitcoin spot ETFs as an opportunity to gain exposure to bitcoin’s price without having to hold bitcoin directly. Unfortunately, the initial effect was a simple reshuffle of existing bitcoin investments into ETFs, often from publicly traded bitcoin miners. Similarly, investors rotated money from GBTC, a high-fee trust, into spot ETFs with far lower fees. However, as awareness of these ETFs has proliferated and the price of bitcoin has rallied to all-time highs, net new inflows into bitcoin ETFs have become a reality. There is over $50 billion now in bitcoin ETFs. One natural question, given the size of…

Read More