Author: NBTC

A fascinating development is unfolding in South Korea’s financial technology landscape. Koscom, a prominent financial IT firm, is making a significant move into the digital asset space, particularly with its sights set on a won-denominated Koscom stablecoin. This proactive step signals a strategic shift and highlights the growing importance of digital currencies in traditional finance. What’s Driving Koscom’s Stablecoin Ambition? The Korea Economic Daily recently reported that Koscom has filed five distinct trademark applications related to a won-denominated stablecoin. These applications, including names like “KSDC,” “KRW24,” “KRW365,” “KOSWON,” and “KORWON,” clearly indicate Koscom’s intent to establish a strong presence in…

Two members of Congress have called on the Securities and Exchange Commission (SEC) to answer questions that could impact how crypto companies go public on US exchanges. In a Wednesday letter to SEC Chair Paul Atkins and acting director of the commission’s division of corporation finance Cicely LaMothe, Senator Jeff Merkley and Representative Sean Casten questioned the agency’s timing on dropping an enforcement case against Tron founder and CEO Justin Sun. The Tron founder had been facing a lawsuit filed by the SEC in 2023 over allegations of offering unregistered securities, but the agency asked for a stay in the…

The cryptocurrency world recently witnessed a groundbreaking event with the launch of the first Binance BuildKey TGE, marking a significant milestone for Binance Wallet. This innovative approach to token generation has already demonstrated immense potential, capturing the attention of thousands of participants and drawing substantial capital into the nascent RIVER project. Understanding the Binance BuildKey TGE: How Does it Work? The Binance BuildKey TGE introduces a novel mechanism for project funding and early token access. Essentially, it allows users to participate in a project’s token launch by depositing BNB within a specific window. These deposits then translate into “BuildKeys,” which…

Russia has no plans to impose further restrictions on cryptocurrency mining as it’s not currently facing power shortages, a government official announced. The vast, energy-rich country, which is a major mining destination, has limited or completely banned the minting of digital coins in a number of regions experiencing electricity deficits. Russian government halts mining ban expansion Russia’s Ministry of Energy sees no grounds for introducing more bans on crypto mining, Andrei Maksimov, director of its Electric Power Development Department, revealed to the TASS news agency. Maksimov said the federal government has not received new suggestions from local authorities for such…

Per CryptoQuant’s second September weekly report, Ethereum’s latest uptrend from about $1,400 in April to a high near $5,000 has unfolded alongside heavier allocations in funds and whale accumulation, a pullback in exchange deposits, and activity peaks across transactions, addresses, and smart-contract calls. Ethereum trades below a realized price band of $5,200 while fund holdings and on-chain use hit records. The report frames the next phase around whether price can clear the realized price upper band that capped prior advances. According to CryptoQuant, Ethereum fund holdings, driven largely by U.S. spot ETFs, have reached 6.7 million ETH, nearly double since…

After months of reviewing, the United States may finally see its first ETF launch on Thursday, tomorrow. Bloomberg analysts confirmed that REX-Osprey XRP ETF (XRPR) and the Dogecoin ETF (DOJE) are scheduled to list on September 18, following a short delay from their initial Sept. 12 target. To make the investment easier, here are the steps to follow. How to Invest in REX-Osprey XRP ETF? Open a brokerage account Sign up with a U.S. broker or investing app that offers the XRPR ETF of Rex Osprey. Popular ones in the US include Fidelity, Charles Schwab, E*TRADE, or TD Ameritrade, where…

Coinbase CEO Brian Armstrong stormed into Capitol Hill this week with a message that made zero room for interpretation. Sitting across from lawmakers in Washington D.C., he and a group of crypto executives made it clear that they were there to defend what they see as a basic right to compete. According to CNBC, the dispute centers on whether crypto exchanges like Coinbase should be allowed to offer staking and rewards that function like interest payments offered by banks, and the blowback from the banking world has been swift and loud. Brian didn’t dodge the attacks. “I’m not sure why…

Justin Sun, Tron founder and crypto billionaire, has revealed his new role, and it looks like a demotion. In a post on X, Sun announced that he will be taking on the role of “chief customer support.” This marks a significant shift from his daily role as the creator of the Tron blockchain. Justin Sun invites feedback as chief support agent Notably, the chief customer support role is for SunPerp, a decentralized perpetual contract trading platform. SunPerp makes its public beta debut today, and to ensure a seamless transition while handling any issues that might arise, Sun will provide customer…

Bitcoin’s mining difficulty has hit a new all-time high of 142.3 trillion, marking a 29.6% increase since the beginning of the year. Mining difficulty is an average measure of how many hash functions miners need to calculate to mine one block, with a rising figure indicating that mining is becoming more computationally intensive. Difficulty is recalibrated every 2,0116 blocks in order to ensure a ten-minute block time, adapting to any increases (or decreases) in the Bitcoin network’s hash power. Accordingly, Bitcoin’s hashrate has also set a new record high, moving to 1.09 ZH/s, or 1,090,000,000,000,000,000 hashes. The latest milestone comes…

Fidelity Investments has purchased 20,308.98 Ethereum (ETH) tokens, that is worth around $91.8 million. This is a pretty big thing for the crypto market and was reported by Crypto Rover via X. It shows that big financial companies are taking Ethereum more seriously. A lot of people are taking this as a sign that crypto is slowly becoming a part of traditional finance. A Strategic Move into Ethereum This purchase by Fidelity is a part of a plan to grow its digital asset holdings. They bought the ETH through Fidelity’s Ethereum Fund (FETH). This fund gives investors a way to…