Author: NBTC
The People’s Bank of China (PBOC), the country’s central bank, has highlighted global efforts to regulate digital assets in its annual financial stability report for 2024 whilst also noting that Hong Kong is “actively exploring” a digital asset licensing regime. The China Financial Stability Report, released on December 27, included a section dedicated to digital assets, in which the PBOC pointed out that 51 jurisdictions globally have issued bans or restrictions on digital assets. Specifically, it mentioned how some economies adjusted existing laws, such as Switzerland and the United Kingdom, while others enacted new legislation, the most notable being the…
In a significant development, OpenLoop has announced a collaboration with FoxWallet. With a known strong support of multiple chains and wallets, FoxWallet will help strengthen OpenLoop’s decentralized network. With this partnership, OpenLoop’s ecosystem will become more secure and easy to interact. OpenLoop announced the news of this partnership on its official X account. Our collaboration with @FoxWallet, known for its robust multi-chain and multi-wallet support, marks a pivotal step in ensuring seamless, secure interactions within OpenLoop’s decentralized network. https://t.co/s6fwViVphF — OpenLoop (@openloop_so) January 7, 2025 OpenLoop Enhances Internet Access with FoxWallet Collaboration The OpenLoop decentralized wireless network is working to…
Kripto Poyraz, one of the well-known names among Turkish cryptocurrency phenomena, evaluated the bull market in Bitcoin in his latest analysis. According to the analyst, there is a recent serious movement in the number of active addresses, which increases in bull seasons, and the market is going through a bull period. However, the analyst noted that the peak of the bull has not yet been seen. However, the analyst points out that whale wallets with 1 or more BTC have recently been selling profits. He also stated that this could be a sign of a correction. Interestingly, the Bitcoin price,…
Velar, the leading Bitcoin-based liquidity protocol, started the transformation of its visual identity to kick off the year of 2025. The protocol is undergoing a rebranding and continues its mission of maxing idle Bitcoin (BTC) liquidity integrated into global Web3 economy. Bitcoin DeFi protocol Velar undergoes visual rebranding: Details According to its official statement, Velar, a pioneering Bitcoin (BTC) DeFi protocol, has transformed its visual identity. Velar unveiled a bold new, blue and orange logo that reinforces its dedication toward, and its leadership within, Bitcoin’s fast-growing DeFi industry. Why rebrand now?Our CMO @visionsbtc takes us through Velar’s evolution and expansion…
Crypto Capital Venture founder Dan Gambardello suggests that Cardano might quickly surge to $3 if it receives news of exchange-traded funds (ETF) similar to that of XRP. Gambardello made this suggestion yesterday in an X post. He indicated that Cardano currently has many positive developments within its ecosystem, contributing to its rally. While he did not specify these developments, he hinted that Cardano could rapidly surge to $3 if it receives positive news about ETFs, as XRP has done recently. Gambardello’s comment suggests that Cardano might register a substantial price increase if asset managers file for ETFs tied to ADA.…
The ongoing Ripple vs. SEC case has been generating buzz as the January 15 deadline approaches. Speculation surrounding the case has intensified, with many wondering how it will ultimately play out. Jeremy Hogan, a well-known legal expert, recently suggested that the case might settle in April or May, which could lead to a favorable outcome for XRP holders. However, some have raised questions, asking why a settlement is necessary if the SEC lost the case. Former SEC attorney Marc Fagel provided clarity on the matter, explaining that the SEC did not lose entirely; rather, they won in part and lost…
Binance has announced its full support for the upcoming Dymension (DYM) network upgrade and announced that it will ensure a seamless experience for its users throughout the process. Binance to Support Dymension (DYM) Network Upgrade Basic Details of the Upgrade Suspension of Deposits and Withdrawals: Starting at 15:00 on January 6, 2025, Binance will suspend deposits and withdrawals of DYM tokens to facilitate the upgrade. Planned Upgrade Time: The network upgrade will occur at block height 5,135,550, approximately 16:00 on January 6, 2025. Trading of DYM tokens will continue as usual and will not be affected by the upgrade. Binance…
Token Spritz, a blooming blockchain-based ecosystem that makes the process of gifting cryptocurrencies easy and entertaining, has recently unveiled a collaboration with Atleta Network. This partnership will help to progress Web3 and discover previously unimagined opportunities for decentralized applications (dApps). 🎊@TokenSpritz x @Atleta_Network Partnership Announcement🎊Atleta is a generalized, modular, layered blockchain network that leverages the verification and auditing capabilities present in blockchain data structures to provide an open, permissionless, censorship-resistant,… pic.twitter.com/uzzedjGjFn — Token Spritz (@tokenspritz) January 7, 2025 About Atleta Network Atleta Network is actually a multi-layered blockchain network that is modular and trust-neutral to facilitate an open environment for…
Bitcoin and Ethereum are about to face a huge event. On November 29, a whopping $9.4 billion in Bitcoin options and $1.3 billion in Ethereum options are set to expire. This could lead to major swings in the crypto market, especially after the U.S. Thanksgiving holiday. So, what does this all mean? Let’s break it down. What’s at Stake? Here’s the thing: nearly half of all Bitcoin options—around $4.2 billion—are “in the money” (ITM). That means many traders are likely looking at a nice profit. The catch? Most of those are call options, meaning people are betting Bitcoin’s price will…
Altcoins and Bitcoin’s bullish pumps fuel strong global crypto ties. Ripple’s established fun in Japan and Korea aims to foster innovation on the XRPL. This move sparks speculation over a possible Ripple and JASMY collaboration. The crypto market seems to have entered the bullish and long-awaited altseason. This period of time and the positive market sentiment caused by pro-crypto US President-elect Trump, has fueled a powerful bullish sentiment that is mirroring the likes of 2020-2021. This pump is further fueled by various bullish market moves on an institutional level across borders. Ripple’s Established Fund in Japan and Korea So far…