Author: NBTC

The European Parliament has approved a broad package of anti-money laundering laws targeting various financial services and entities, including crypto. In addition to enhanced due diligence, the measures will give journalists and other interested entities free and direct access “to beneficial ownership information” in national registries. The European Parliament voted to adopt a new package of laws tightening money laundering and terrorist financing measures across the EU. The laws target large cash payments, crypto firms and football clubs, among others. In addition to creating a single rulebook for the 27 nations that make up the European Union, the package approved…

Binance dominated the Q1 centralized exchange market with a 49.7% share and a massive surge in trading volume, outperforming competitors. The post Centralized crypto exchanges see $2 trillion surge in trading volumes in Q1: CoinGecko appeared first on Crypto Briefing. Centralized exchanges registered a crypto trading volume of over $4 trillion in the first quarter, according to a report by data aggregator CoinGecko. Binance recovered its market share gradually during Q1 to reach 49.7% in March, when the exchange registered $1.1 trillion in trading volume, marking a 131% increase from the previous month. The report highlights that the dominance recovery…

In a significant development for digital identity verification within the blockchain space, Civic Pass has announced its integration with Solana Token Extensions. This collaboration marks a step forward in refining how token issuers can incorporate identity verification directly into the token minting process. The integration enables the use of transfer hooks, a feature that allows issuers to set specific identity-related criteria for anyone engaging with their tokens. This means that parameters around who can send, receive, or hold tokens are now programmable, potentially transforming the landscape of token ownership and compliance. The enhancement introduced by Civic Pass aims to address…

This bull run is cyclical in nature, and these seven signals suggest it is just getting started. Just three weeks ago, on Feb. 12, Bitcoin’s price crossed the $50,000 threshold. Fundstrat Global Advisors Head of Digital Strategy Sean Farrell said, “This rally in the near term certainly has some room to run.” He was right! The spot rally on cryptocurrency exchanges surged to just past $70,000 on Friday, Mar. 5, before retracing to where it is currently. So, after crossing $50,000, the rally sure had some room to run. But here are eight signs it has room to run yet…

Tezos Blockchain has a new member in its Foundation Council: former French minister Fleur Pellerin. In addition to being Minister of Culture and Communication, Pellerin is also the head of a venture capital fund with investments in Web3 Ledger, Bitfury, and Ramp. Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council Tezos Blockchain and the new addition to the Foundation Council The two proposals of the Paris protocol Tezos Blockchain and the entry of former French minister Fleur Pellerin into the Council The Blockchain of Tezos has announced to have a new member in its…

Terraform Labs, the company headed by criminally charged Do Kwon that caused the million-dollar crypto crash in 2021, announced that it will restrict US users from accessing certain products and features starting next week. The move is a response to the Securities and Exchange Commission’s injunctions following a court ruling against the firm and its former CEO, Do Kwon, who is still held back in Montenegro. Key Restrictions and Regulatory Compliance The SEC has proposed a conduct injunction that may require Terraform Labs to limit its operations within the US. This could involve geoblocking or restricting US users from accessing…

Bybit, a leading cryptocurrency trading platform, is set to host the Initial Decentralized Exchange Offering (IDO) for Slash Vision Labs (SVL), a decentralized payment protocol aimed at both merchants and consumers. The IDO will conclude with the SVL token being listed on the Bybit spot exchange on April 29, 2024, at 10am UTC. How to take part in the Bybit DEX offering? To take part in the IDO, users need to have a Bybit Wallet with at least 300 USD Coin (USDC) on the MANTLE Chain and register between April 22, 10am UTC, and April 26, 10am UTC. Bybit will…

Nimble Network, a composable AI protocol, has initiated a new partnership. The company disclosed the latest joint endeavor with Socialscan, a next-generation blockchain exploring forum that utilizes artificial intelligence and operates under W3W. On its official account on the social media platform X, the company provided the details of the respective development. Nimble is thrilled to announce our partnership with @socialscan_io!SocialScan is leading the charge in redefining web3 UX through community-owned AI agents. Its mission is to accelerate the Advent of Data & AI Democratization.Nimble’s partnership with SocialScan paves the way… pic.twitter.com/h7OPGif3LF — Nimble Network (@Nimble_Network) April 25, 2024 Nimble…

BTC halving breakdown Blockchain mining involves maintaining a consistent, up-to-date and immutable record of transactions, carried out by miners. These miners are rewarded with newly created coins for their efforts. Satoshi Nakamoto programmed Bitcoin so that every 210,000 completed blocks, the reward for miners is halved. Expected around April 17, 2024, the fourth halving will cut miner rewards from 6.25 BTC to 3.175 BTC at block height 840,000. There will be 32 halvings in total, with 29 more anticipated until year 2140 when new BTC creation ends. Ultimately, the total supply of Bitcoin is capped at 21 million coins, leaving…

Japan’s Hokkoku Regional Bank has introduced a stablecoin backed by bank deposits. This development has Japanese crypto enthusiasts thinking about the potential pros and cons. In addition, the usefulness of the stablecoin is being questioned. The initiative follows the success of the Tochituka app, launched last year in partnership with the Suzu city government. The app allows citizens to earn and spend Tochipo points at select local stores. Moreover, Hokkoku bank account holders can now use the same app to load up their Tochika stablecoin. The stablecoin is backed by deposits and can be used to facilitate purchases from participating…