Author: NBTC
In an exclusive interview with crypto.news, Dominic Longman, senior executive officer of Binance Abu Dhabi, discusses rising institutional interest in crypto, potential crypto ETFs, and the region’s efforts to attract web3 talents. In February, the Financial Action Task Force (FATF) removed the UAE and several other jurisdictions from its greylist, saying the region “strengthened the effectiveness of its AML/CFT regime to meet the commitments in its action plan regarding the strategic deficiencies that the FATF identified in February 2022.” Crypto.news interviewed Dominic Longman, senior executive officer at Binance Abu Dhabi, to discuss the implications for crypto in the region following…
The crypto coterie in Argentina plans to set up a blockchain valley in Buenos Aires as a part of its Crecimiento movement, with a following of 500 individuals. The coterie consists of all the eminent players within the country’s ecosystem. Some of these notable figures include Diego Guitérrez, who co-founded Bitcoin Layer 2 Rootstock; Marcelo Cavazzoli, who is both the CEO and co-founder of Lemon Cash, a leading crypto purchasing app in Latin America; and Elian Alvarez, who is a general partner at Ripio Ventures. Above all else, Crecimiento’s core team has the support of advisors to the country’s new…
A piece of Bitcoin history is going on the block. Christian Langalis, whose photo-bombing of Janet Yellen became a viral meme, is auctioning the “Buy Bitcoin” sign he held up behind the then-Federal Reserve chair during her televised Congressional testimony in July 2017. Flashback | Most Influential in Blockchain 2017 #1: Bitcoin Sign Guy The sign, which Langalis drew on a lined yellow legal pad with a fine-point pen (a Uniball Vision, he told CoinDesk), will be listed Thursday on Scarce City, an online marketplace that sells physical and digital collectibles (and, naturally, accepts payment only in bitcoin). In an…
The price of Ethereum has has largely remained flat following the historic approval of eight spot exchange-traded funds (ETFs) that give investors exposure to the second-biggest digital asset by market cap. Ethereum’s price hit $3,856 within minutes of the confirmed approval, per data from CoinGecko, then dipped down to $3,771. It’s up to $3,825 as of this writing, but so far, the moves have been relatively minuscule. ETH is up a little more than 1% on the day, but over the past seven days, the asset is up a massive 30%. The U.S. Securities and Exchange Commission (SEC) had been…
In a groundbreaking move, Pundi X, a prominent player in the cryptocurrency ecosystem, has announced the listing of its native token, PUNDIX, on Revolut, a leading fintech platform with a massive user base exceeding 40 million globally. This strategic partnership signifies a significant milestone for Pundi X, as it extends the accessibility of its token to millions of users worldwide through Revolut’s widely acclaimed platform. The decision to list PUNDIX on Revolut holds immense significance for both parties and the broader cryptocurrency community for several compelling reasons. With Revolut’s presence spanning across 150 countries and regions, the listing of PUNDIX…
Key Points: OKX reports significant increases in user proof of asset reserves, with BTC up by 2.62%, ETH by 39k, and USDT by 4.26%. BTC holdings on OKX stand at 147k, while users possess 1.67 million ETH, showcasing strong investor interest in leading cryptocurrencies. USDT assets surge to 6.51 billion on OKX, emphasizing the ongoing demand for stablecoin liquidity in the crypto market. OKX has released its 19th proof of asset reserves, as of the snapshot date of May 20th. The report reveals significant increases in user holdings across various cryptocurrencies, showcasing the platform’s continued reliability and growth. Bitcoin (BTC)…
Magic has partnered with Etherlink to boost Tezos dApp development with enhanced scalability and security. According to a press release shared with Cryptonews.com, this collaboration builds on the current relationship to support the growth of web3 community and the transition to web3 technologies while providing services and solutions. We are excited to announce the integration between Magic and @Etherlink 🚀 Etherlink, a non-custodial, EVM-compatible @tezos layer two solution, offers enhanced user and developer experiences while leveraging Tezos’ underlying fundamentals. 🔐 Enhanced Security and… pic.twitter.com/EdlZPnUMpw — Magic (@magic_labs) May 28, 2024 Magic and Tezos to Strengthen Existing Partnership The new integration…
Readyverse Studios, in collaboration with renowned author Ernest Cline, unveiled an exciting new trailer at the Consensus event, offering the first-ever glimpse into The Readyverse. This next-generation immersive platform promises to revolutionize how we interact with metaverse games and experiences, seamlessly integrating Web3 and AIGC technologies.—The Readyverse, developed by Futureverse, is poised to become the premier digital hub for discovering interconnected metaverse experiences. The trailer showcases a tantalizing preview of this cutting-edge technology, emphasizing user-centric features that bring the digital experience to life.Key Features Highlighted in the TrailerAI Curator: Your personal AI companion, designed to craft and curate personalized experiences.Surreal…
Venture capital funds, ever the lifeblood of crypto startups, have lately honed in on projects building in the Bitcoin ecosystem. It’s a trend that predates bitcoin’s current price run and potential for institutional investment unlocked by spot bitcoin ETF approval earlier this year. A report from Trammel Venture Partners found that pre-seed Bitcoin startup transactions climbed by 360% in 2023 compared to 2022. Bitcoin startup deals were also up 69.2% and the total number of Bitcoin startups funded jumped 56.9%, according to the report. TVP excluded mining companies from its report. Read more: The institutions are paying attention. Now comes…
After the U.S. Securities and Exchange Commission approved eight spot Ethereum ETFs on Thursday, Crypto Twitter took another 2024 victory lap after the first Bitcoin ETFs were approved in January—and the U.S. House of Representatives passed the Financial Innovation and Technology for the 21st Century Act (FIT21), on Wednesday. Lawmakers on both sides of the aisle have urged the SEC to approve spot Ethereum ETFs, saying that the exchange-traded product should receive the same consideration as spot Bitcoin ETFs. Crypto Twitter reacted swiftly to the news that the SEC approved the Ethereum ETFs. Here are some of the standout reactions…