Author: NBTC

Norway’s sovereign wealth fund’s ethics council will reportedly conduct investigations into crypto and gambling firms listed in the fund’s portfolio, including Binance and Marathon Digital, over money laundering risks. According to an exclusive Reuters report, crypto firms are included among the companies listed in the Norwegian sovereign wealth fund subject to an investigation by the fund’s ethics council. The Norwegian sovereign wealth fund is the largest sovereign wealth fund in the world, with $1.8 trillion in investments. It owns 1.5% of listed shares in 8,700 companies across the globe. This year, the fund has increased its holdings in crypto exchange,…

Ethereum Layer-2 (L2) network Scroll has experienced a significant drop in its total value locked (TVL). It shed $170 million since its peak on October 16, 2024. The rise and fall of Scroll’s TVL is emblematic of a broader trend in the crypto space. Short-term incentives such as airdrops can drive rapid growth in TVL but may not foster lasting user engagement. Scroll TVL Nosedives As Airdrop Farmers Exit Scroll’s total value locked (TVL) surged ahead of its highly anticipated snapshot on October 19. The snapshot was part of the protocol’s strategy to distribute its native SCR tokens through an…

Hyperliquid’s native token, HYPE, has been launched on the OKX pre-market futures platform, enabling customers to trade futures contracts a week after its token generation event. On Dec. 4, crypto exchange OKX announced that it had listed pre-market futures for the HYPE/USDT pair, allowing users to speculate on the altcoin’s price before its listing for spot trading on centralized exchanges. Shortly after its listing, HYPE surged to a high of $19.65 on the pre-market futures platform. However, the altcoin was later trading at $13.70, down 14.38% from its all-time high. Pre-market trading delivery contracts are USDT-margined delivery contracts, typically delivered…

Atomic 3, one of Latin America’s most important crypto projects, has closed a partnership with Cardano. Key Points: The Atomic 3-Cardano alliance allows retail investors to participate in the lithium sector, promoting a more inclusive economy. Cardano’s blockchain technology enables the tokenization of lithium with traceability, driving the transition to clean energy. The collaboration accelerates the launch of projects to strengthen lithium tokenization and position Atomic 3 as a leader. The partnership between both parties aims to drive technological innovation and democratize access to natural resource markets. It will allow retail investors to participate in a sector historically reserved for…

Bitcoin (BTC) climbed above $65,000, marking a 4% increase in 24 hours, influenced by positive movements in the S&P 500 and expectations of stimulus in China. Trading firm QCP Capital highlighted similarities between current price actions and those seen before U.S. elections in 2016 and 2020, suggesting a pattern where Bitcoin sees significant gains in the weeks leading up to the election, fueling ‘Uptober’ optimism. The S&P 500 also opened at a new high, indicating a bullish market trend, which often correlates with cryptocurrency performance. Bitcoin (BTC) rose above $65,000 in U.S. morning trading hours Monday as the S&P 500…

Coinbase Institutional announced it is adding five new cryptocurrencies to the Coinbase 50 Index (COIN50), suggesting these are promising investments. The index counts with a “robust methodology” to diversify with a “rigorous fundamental and eligibility screening,” as Coinbase describes it. On December 2, the official account posted about the update on X, mentioning the five additions. As communicated, Axie Infinity (AXS), Blur (BLUR), Jasmy (JASMY), Kusama (KSM), and MultiversX (EGLD) have joined the Coinbase 50 Index. How is the Coinbase 50 Index built? With quarterly rebalances, the Coinbase 50 Index currently consists of 50 cryptocurrencies weighted by their circulating market…

In a significant move to promote crypto adoption, smart contracts platform Avalanche (AVAX) has introduced a credit card. The Avalanche Card will allow individuals to spend supported cryptocurrencies, including WAVAX, sAVAX, and USDC, at Visa-enabled merchants. Introducing the Avalanche Card! 🔺 Spend your WAVAX, USDC, sAVAX, and more wherever Visa is accepted. Enjoy both physical and virtual cards, 24/7 dedicated support, and seamless transactions through popular apps. The future starts now! Join the waitlist and check out the full… 12:06 AM · Oct 22, 2024 Meanwhile, the initial rollout aims to boost financial accessibility and inclusivity in Caribbean and Latin…

Pro-XRP lawyer and U.S. Senate Candidate John Deaton highlights four things the next SEC Chair must do for the crypto industry on his first day in office. Deaton’s demands follow reports suggesting that U.S. President-elect Donald Trump has nominated a new chair for the Securities and Exchange Commission (SEC). Trump Nominates Paul Atkins as Next SEC Chair Yesterday, Trump announced the nomination of former SEC commissioner Paul Atkins to replace Gary Gensler as the next SEC Chair. The announcement, made via a Truth Social post, comes weeks after several reports highlighted Atkins as the top candidate for the position. Despite…

The ambition of StoneX Group for digital assets has become clear as its digital asset unit received approval from Ireland’s central bank to become a virtual asset service provider (VASP). New Irish License for StoneX Announced yesterday (Wednesday), the approval was granted to locally established StoneX Digital International, which can now operate as a digital asset business and will offer services to institutional clients. Brian Mulcahy, CEO of StoneX Digital; Photo: LinkedIn “StoneX Digital International Limited’s new status as a VASP underscores our dedication to supporting our global client base with secure, compliant, and reliable solutions in the rapidly changing…

M3 DAO, a decentralized web3 governance platform, has announced its strategic partnership with Bitgert. It is an exciting move that promises to reshape the landscape of blockchain technology. This collaboration aims to lead a new era of scalability and accessibility within the web3 space. It offers seamless solutions for both developers and users alike. 🥳 M3 DAO is thrilled to join hands with Bitgert @bitgertbrise, a groundbreaking crypto engineering organization known for its gas fee-free blockchain and super-fast performance with 100k+ TPS! 🚀 💪 This partnership marks a new chapter in driving blockchain innovation and… pic.twitter.com/xlSpYi7QDc — M3 DAO (@M3DAO_global)…