Author: NBTC

Bitget, a Seychelles-based crypto exchange, has announced that it now supports VND bank transfers in Vietnam. Vietnamese can now use the nation’s leading payment system, VND bank transfers via VietQR, to have instant access to crypto tokens. Biget users can seamlessly trade, sell, and buy cryptocurrencies using the local bank payment method through their Biget mobile app. Bitget’s fiat-crypto on-ramp With Biget’s fiat-crypto on-ramp plugin, users can purchase and trade crypto directly with Vietnamese dong currency on preferred crypto platforms using the VND bank transfer method. The on-ramp is a gateway for consumers and businesses to access the digital currency…

Today marks the anniversary of Elon Musk’s first public endorsement of Bitcoin on social media, during which the premier cryptocurrency has seen its value surge by over 1,000%. Six years ago, Bitcoin was trading as low as $6,400. Around this time, renowned tech billionaire Elon Musk made a witty comment on X (formerly Twitter), asking a commenter if they would like to buy some Bitcoin. This was the first instance of Musk mentioning “Bitcoin” on his social media account. At the time, Bitcoin was even in a bear market, and its price subsequently dropped around $3,000 a few weeks later.…

Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, appears bearish and is poised for a price decline. The reasons for this include how ETH is lagging behind top assets like Bitcoin (BTC) and Solana (SOL), its current price action formation, the latest sell-offs by whales, and more. Ethereum (ETH) Sluggish Performance With steady and dull performance compared to other assets, whales and investors have dumped significant amounts of ETH in recent days. Recently, CoinPedia reported that a dormant whale, holding 398,889 ETH worth $1.34 billion, offloaded 73,356 ETH valued at $224 million. This notable dump has created potential selling…

Axie Infinity reintroduced its manager-scholar relationship with the new Axie Delegation system on October 17th. Axie Infinity increased its total staked AXS by 11.34% over the past year, reaching 58.5 million AXS. Axie Infinity has made a significant comeback with the introduction of its Axie Delegation system, which revitalizes the manager-scholar connection that has long been an important aspect of the game’s environment. The Axie Delegation launched on the app of the platform on October 17th, enabling players to donate their axies to others, thereby restoring a basic ability of the game. Based on an official tweet from Axie Infinity,…

The Australian Treasury has invited public feedback on implementing the Organization for Economic Cooperation and Development (OECD)’s crypto asset reporting model. Tackling Crypto-Linked Tax Evasion The Australian Treasury has invited the public to comment on options for the country’s implementation of the Crypto Asset Reporting Framework (CARF). In a consultation paper released Nov. 21, the Treasury said its implementation of CARF, developed by the Organization for Economic Cooperation and Development (OECD), “would complement the government’s efforts to strengthen tax transparency.” The paper will explore the policy merits of adopting the OECD model into domestic tax law and consider an implementation…

Binance, the biggest centralized crypto exchange around the globe, has recently witnessed a significant development in terms of trading volume. As per the data from DeFiLlama, Binance has reportedly recorded a massive $8.73B in its asset inflow over the month, pushing its cumulative assets to a remarkable $154.9B. According to DefiLlama, @binance saw an inflow of $8.73B over the past month, bringing its total assets to $154.9B! #Binancehttps://t.co/Lrl0bTwxIF pic.twitter.com/y5PJkB5Jk6 — Lookonchain (@lookonchain) November 23, 2024 The Total Assets of Binance Reach $154.9B as Its Monthly Asset Inflow Touches $8.73B The data pointed out that reaching the landmark achievement of $8.73B…

Michael Saylor, founder and executive chairman of MicroStrategy behemoth, has published a “special” tweet about Bitcoin. This coincided with the world’s flagship cryptocurrency plummeting below the $67,000 price level. In his tweet, MicroStrategy’s Saylor suggested that users should begin to “spread Bitcoin with love.” Spread #Bitcoin with Love 🧡 pic.twitter.com/4OVpladoCh — Michael Saylor⚡️ (@saylor) October 22, 2024 Michael Saylor is a vocal Bitcoin evangelist. His long-running company, MicroStrategy, began to regularly buy BTC in August 2020, developing a new strategy based on Bitcoin. Currently, it holds 252,220 Bitcoins evaluated at approximately $9.91 billion. Over the weekend, Saylor took part in…

Ethereum surged over 10% yesterday, marking an impressive recovery alongside a very bullish day for the entire crypto market. This surge has reignited investor optimism, especially as Ethereum approaches its yearly highs. Key data from CryptoQuant highlights a significant bullish signal: Ethereum’s Taker Buy Volume hit an astonishing $1.683 billion in a single hourly candle. This metric reflects aggressive buying activity in the futures market, further supporting Ethereum’s potential for continued upward momentum. The driving force behind this rising demand for Ethereum appears to stem from profits being cycled out of Bitcoin. With Bitcoin consistently breaking all-time highs, investors are…

Solana-based viral memecoin PONKE is ready to begin the next leg of its journey by introducing added utility for its users with PonkeSwap.—Amidst growing interest in crypto and increased adoption of decentralized services, PONKE has launched a decentralized exchange (DEX). The DEX will leverage the low-cost and fast infrastructure of Solana to provide an efficient and accessible decentralized trading experience to its expansive ecosystem.PONKE has already generated a lot of traction with its memecoin, which is up a whopping 1,278% from its $0.02173 low earlier this year. The golden child of Solana, which embodies the personality of a big risk…

BTC and XRP challenge securities classifications as a legal expert argues underlying assets are distinct from investment contracts, intensifying calls for regulatory clarity in crypto markets. BTC and XRP Lead Legal Shift in Crypto Investment Contract Standards A well-known advocate in the cryptocurrency community, John E. Deaton, has strongly criticized the conflation of crypto assets with securities in investment contract cases. In a statement on social media platform X on Thursday, he addressed the Financial Industry Regulatory Authority (FINRA)’s newly released guide on classifying crypto assets as securities, stating: The underlying asset utilized in an ‘investment contract’ is never itself…