Author: NBTC

South Korea is reportedly lifting restrictions that have prevented crypto businesses from qualifying as venture companies, giving them new access to tax breaks and financing support. During a cabinet meeting on Tuesday, South Korea’s Ministry of SMEs and Startups said it had passed a partial revision to the Enforcement Decree of the Venture Business Act to remove the restrictions on virtual asset trading and brokerage businesses, according to South Korean news outlet the KoreaTechDesk. The change, slated to take effect on Sept. 16, will allow crypto firms to apply for venture certification, which opens up options for tax breaks and…

The cryptocurrency world is buzzing with significant news from Washington D.C. The White House is reportedly considering Josh Sterling for the pivotal role of Josh Sterling CFTC chair, as reported by SolidIntel. This potential appointment could have substantial ramifications for the digital asset landscape, especially given the Commodity Futures Trading Commission’s (CFTC) increasing oversight of crypto markets. Who is Josh Sterling and Why Does He Matter for the CFTC? Josh Sterling is certainly no stranger to the regulatory environment. He previously held a senior position within the CFTC, bringing a wealth of experience in financial derivatives and market oversight. His…

Hyperliquid answered the challenge of the emerging new perpetual DEX by opening infrastructure for user-created markets. The DEX will turn into a platform for builder-deployed perpetuals, with their separate liquidity and margin rules. Hyperliquid, the leading perpetual futures DEX, answered the challenge of its competitors by evolving into a platform for new market creation. The exchange’s founder Jeff Yan, presented the HIP-3 infrastructure, which would allow the creation of builder-deployed markets. As Cryptopolitan reported earlier, Hyperliquid is still struggling to keep the appeal of its platform and boost the native HYPE token. Upgrades and additions may keep Hyperliquid ahead of…

The cryptocurrency world is buzzing with significant news! In a notable move, Bitmain, a prominent Nasdaq-listed company, recently received a substantial 15,427 ETH, valued at an impressive $68.96 million, from Galaxy Digital. This major Bitmain ETH investment occurred over the past eight hours, according to data from Arkham, and it signals a strategic play in the ever-evolving digital asset landscape. For anyone tracking institutional movements in crypto, this transaction is a clear indicator of growing confidence in Ethereum’s potential. What’s Behind This Astounding Bitmain ETH Investment? Bitmain, primarily known as a leading manufacturer of cryptocurrency mining hardware, is strategically diversifying…

China-based Pop Culture Group, which operates youth-oriented entertainment projects centered on hip-hop, has allocated $33 million of its treasury into Bitcoin to diversify reserves and explore digital assets. The move reflects the company’s plan to integrate cryptocurrency into its financial and operational strategy. It also explores opportunities in Web3 and entertainment-related digital assets. Strategic Allocation into Bitcoin and Digital Assets Pop Culture Group invested $33 million in Bitcoin for its corporate treasury. This is part of a deliberate effort to expand beyond traditional cash and conventional financial instruments. The company is establishing a cryptocurrency fund pool. The pool may include…

FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It targets Genesis Digital, its affiliates, and co-founders Rashit Makhat and Marco Krohn. The trust claimed that Bankman-Fried fraudulently transferred funds through commingled and misappropriated assets from the FTX business, with most of the money coming from customer deposits at the FTX.com exchange. The lawsuit represents…

Nguyen Hoa Binh, Deputy Prime Minister of Vietnam, recently met with Binance CEO Richard Teng in the UAE. The country wants Binance to establish a local headquarters to advance crypto ecosystem development. Nguyen also met with Ben Zhou, co-founder of CEO and Bybit, to discuss regulatory concerns. The nation aims to become a new regional crypto hub and is preparing ambitious measures to achieve this goal. How Binance Can Help Vietnam’s Digital Assets Market Vietnam has been aiming to be a new crypto hub for a while, preparing friendlier regulations and encouraging new exchange infrastructure. Today, a state-owned media outlet…

The Ethereum (ETH) ecosystem — Ethereum’s mainnet and its second-layer scaling solutions like Optimism, Polygon, Arbitrum and Base — are already exceeding major European digital payment operators by daily transaction metrics. At the same time, the numbers of UnionPay and Visa are still yet to be reached. EVM blockchains exceed U.K., Germany payment systems by daily transfer count Ethereum Virtual Machine blockchains — Ethereum (ETH) mainnet and L2s — achieved a new record high. As demonstrated by Leon Waidmann of Onchain Foundation, the EVM ecosystem networks processed over 27 million transactions in 24 hours. 🚨 Ethereum just broke another record!…

A new thesis that argues that most crypto value today is captured in apps, rather than blockchains, is gaining popularity with the rise of Hyperliquid and could shift investor behavior over the next few months, a crypto executive says. “All the cool kids are talking about the ‘fat app’ thesis. Feels like that could be a dominant theme in the coming months,” Bitwise chief information officer Matt Hougan said in an X post on Wednesday. The fat-app theory suggests crypto applications will absorb more value than the underlying blockchain protocols in the future. Source: Matt Hougan “It’s the kind of…

A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency holdings. In a Monday filing in the US District Court for the District of Delaware, Judge Colm Connolly sided with Bloomberg in Sun’s lawsuit over “disclosed amounts of specific cryptocurrency he owns.” According to the filings, the holdings included about 60 billion Tron (TRX), 17,000 Bitcoin (BTC), 224,000 Ether (ETH) and 700 million Tether (USDt). The publication had reached out to Sun’s team in February to gather information about…