Author: NBTC

The total value locked (TVL) on the Sui Network surged to a record $810.5 million on September 19, according to DefiLlama data. The SUI token has also seen significant gains, up more than 30% over the past seven days, according to CoinGecko data. Despite previous TVL fluctuations during broader market corrections, the year-to-date gains have been around 283% from around $211 million. TVL, which indicates the amount deposited into DeFi protocols for activities like lending and derivatives, highlights the growing interest in Sui’s offerings. All three leading DeFi protocols on the Sui blockchain have seen gains over the past week.…

Virtual assets could be included in a new set of tax concessions. Regulatory updates are also in the works for stablecoin issuers, OTC trading services and custodians. Virtual assets are among a list of proposed investment types that could receive new tax concessions, Christopher Hui, Hong Kong’s Secretary for Financial Services and the Treasury, revealed at Hong Kong Fintech Week on Oct. 28. The other proposed new candidates for tax concessions are immovable property situated outside Hong Kong, emission derivatives/allowance, insurance linked securities, interest in non-corporate private entities and loans and private credit investments. Hui did not elaborate on what…

Bybit, the world’s second-largest cryptocurrency exchange, has announced it’s expanding its off-ramp services with the launch of the Bybit Card, according to the information shared with Finbold on Tuesday, October 29. Available for registration in select regions, the Bybit Card simplifies how crypto users access, hold, and spend their digital assets in everyday transactions, underscoring Bybit’s commitment to advancing crypto accessibility worldwide. To celebrate, newly registered users can benefit from a 10% cashback up to $600 for a limited period, with future rebates ranging from 2–10% and an annual percentage yield of up to 8%. The Bybit Card Launched in…

The possibility of further crypto selloffs in the near term increased as Bitcoin’s (BTC) price closed below the crucial support level of around $57k on Thursday. The flagship coin has dropped over 4 percent this week to trade about $56,786 on Friday, September 6, during the early Asian session. With the altcoin industry continuing to show further mid-term bearish sentiment, investors have shied away from buying until the correction cools off. Bitcoin’s fear and greed index dropped to 22 percent on Friday, denoting extreme fear of capitulation Ahead. Whale Traders Are Wary of Short-Term Volatility for Bitcoin The demand for…

VeBetterDAO is leveraging blockchain technology to incentivize environmentally friendly behaviors through decentralized applications (dApps). Beyond rewarding sustainable actions, the B3TR token also facilitates governance within the VeBetterDAO ecosystem. Amid the current buzz of meme coins and flashes in the pan-type tokens, there is now a breed of projects such as VeChain’s VeBetterDAO. This venture aims to introduce real utility alongside sustainable development goals, per this CNF report. VeBetterDAO leads the change through decentralized applications (dApps) by rewarding pro-environmental behaviors. Moreover, its native asset, the B3TR token, will play a key role in the journey. Today, most cryptocurrencies come with very…

A recent indictment from a federal grand jury has unveiled the illegal activities of Maximiliano Pilipis, who previously ran AurumXchange, an unlicensed virtual currency exchange located in Noblesville, Indiana. According to a press release from the US Department of Justice, Pilipis is facing five counts of money laundering and two counts of deliberately failing to file tax returns, revealing a lengthy scheme rife with financial wrongdoing. Court documents show that Pilipis operated AurumXchange from 2009 to 2013, facilitating the exchange of Bitcoin and other virtual currencies for US dollars. His exchange charged significant fees, accumulating millions of dollars and amassing…

Telegram game Tomarket is expected to launch its TOMA token on The Open Network (TON) during Halloween, and while we won’t know what the token is worth until it’s trading, the game’s developers are betting that some players are willing to spend money in advance to boost their allocation. On Monday, Tomarket revealed a sale for its Premium Medal, an item that provides various benefits for users, including for the impending airdrop. Most notably, the in-game medal provides a “bonus multiplier on your TOMA allocation,” along with “100% tokens when we list.” In other words, players who purchase the item…

Ramp Network now supports real-time MXN payouts via the SPEI payment system. Users can sell crypto and receive funds in their bank accounts within 30 seconds. SPEI offers lower fees and operates 24/7, enhancing crypto-to-fiat transactions in Mexico. Ramp Network, a leading financial technology company, has announced the expansion of its crypto-to-fiat off-ramp support to include the Mexican Peso (MXN) through the SPEI payment system. This development allows users in Mexico to receive real-time payouts directly to their local bank accounts, available 24/7. Ramp Network integrates SPEI SPEI, or Sistema de Pagos Electrónicos Interbancarios, is a robust real-time payment system…

Real Vision analyst Jamie Coutts believes that Bitcoin (BTC) could finish the year much higher as the crypto king chops around. In a new video update, Coutts says that market liquidity is starting to increase, setting up Bitcoin to rally in the final four months of the year when the flagship cryptocurrency generally performs well. “I think people in crypto get very focused on the short term. The things that drive crypto long-term are things like liquidity, and that certainly has improved… Zooming out, I think the conditions are there for a pretty strong Q4. September is always pretty shitty…

IOTA has shared a highlight of the recent Demo Day program featuring the likes of Qiro Finance, Black Frog, Orobo Finance, Auvo Digital, The Real Lifestyle, and Defa Primitive. According to the IOTA founder, this program is a huge step towards supporting and mentoring its beneficiaries to impact the ecosystem significantly. The much-anticipated Real-World Assets (RWA) Accelerator Demo Day program by IOTA (IOTA) and Tenity was held on September 17 in Singapore with the participation of six finalists selected and supported by the two. As we earlier reported, each finalist got a $50,000 grant as well as mentorship, tools, and…