Author: NBTC
Hong Kong’s Securities and Futures Commission (SFC) is getting ready to issue new licenses for cryptocurrency exchanges and crypto-related companies this year. The announcement aligns with the SFC’s 2024 to 2026 goals, which include enhancing the landscape of Hong Kong’s capital market to strengthen global competitiveness and spearheading the transformation of Hong Kong’s financial market with technology and ESG, amongst other things. Leung Fengyi, CEO of China’s Securities Regulatory Commission, spoke about the efforts to improve the Virtual Asset Trading Platform (VATP). He noted that the SFC has already issued licenses to three crypto exchanges: OSL Exchange, HashKey Exchange, and…
Ethereum(ETH) has now gone truly mainstream, as Google Search integrates ENS domain name balance display. With the latest development, one can search for ENS domain names in Google Search and can view ETH balances, citing Etherscan data. ➡️ You all asked for @ensdomains integration and it’s live🫡 You can search for any .eth name and get the balance right in Google Search! Kudos to the Search team for fully rolling this out! https://t.co/9R5QnsORC5 — nalin 🇺🇸 (@nalin) October 8, 2024 Web3 official at Google, Nalin added that Ethereum faucet for Sepolia and Holesky has also integrated with ENS domains, which…
As came to light thanks to data from Whale Alert, a huge withdrawal of over half a billion dollars worth of Bitcoin (BTC) has stunned top exchanges within the last hour. According to the tracker’s messages, the first in a series of mysterious withdrawals was a transfer of 2,999 BTC, worth about $187.64 million, from Huobi to the address “1NBX1,” which Arkham Intelligence identified as the Poloniex account. Next in line was another transfer from Huobi, this time even larger, as 3,994 BTC worth nearly a quarter of a billion dollars alone landed on the same address as the previous…
Spectra Finance has officially launched its fixed-rate derivatives on the PWN peer-to-peer (P2P) money market platform, marking a significant expansion in the decentralized finance (DeFi) space. According to the firm’s report, the partnership brings Spectra’s robust interest rate derivatives capabilities to PWN, combining the strengths of both platforms to offer new opportunities for users seeking predictable returns in the volatile world of crypto finance. Spectra’s Fixed-Rate Derivatives have landed on PWN P2P money markets!@spectra_finance is an end-to-end, permissionless protocol infrastructure, a flagship app for DeFi’s interest rate derivatives, and a perfect match for PWN💛 pic.twitter.com/7fpklvwH8v — PWN (@pwndao) October 10,…
The Chinese crackdown on Ethereum has resurfaced, with around 7,000 ETH seized by Chinese police from crypto Ponzi scheme PlusToken moving to exchanges earlier this week. China Risk Continues in Ethereum! Different types of cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), XRP and Litecoin (LTC), with a total value exceeding $14 billion, were seized from PlusToken, which defrauded more than 2.6 million people in 2018 and 2019. While these ETHs are moving again, experts are evaluating whether China will sell Ethereum or sell all or part of it. At this point, the OXT Research analyst added that approximately 7,000 ethers (worth…
Recent developments involving Exchange-Traded Products (ETPs) suggest a pivotal evolution in digital asset management and regulatory adaptation across diverse geographical regions. This article dissects the latest movements in the crypto ETP sphere, led by industry giants like 21Shares and Valour, reflecting their strategic initiatives and regulatory interactions in Europe, Kenya, and the United Kingdom. 21Shares, a leading crypto ETP provider based in Zurich, has recently intensified its call for regulatory clarity from the European Securities and Markets Authority (ESMA). The firm’s lobbying efforts focus on the inclusion of crypto assets in Undertakings for Collective Investment in Transferable Securities (UCITS) funds.…
The Mt. Gox trustee postponed the deadline to repay creditors by one year to October 31, 2025. The delay “could assuage near-term concerns around supply overhangs,” Coinbase analysts said. The trustee managing the assets of Mt. Gox postponed the deadline to distribute remaining assets to creditors by one year to October 31, 2025, according to a Thursday statement published on the Mt. Gox website. Mt. Gox, which was once the largest crypto exchange before it imploded due to a hack in 2014, started repaying nearly $9 billion of recovered assets to creditors this July after many years of delays. However,…
Fuse, a blockchain payment platform, has unveiled Charge, the first Web3 merchant bank offering a wide range of crypto and fiat payment solutions, as reported to Finbold on Wednesday, October 8. The new platform will support blockchain businesses and cover services from payments to invoicing. Charge — Fuse’s Web3 bank Targeting small- to medium-sized businesses and offering competitive transaction fees of just 0.5%, Charge enables transactions in various crypto and fiat currencies, eliminating obstacles in international trade. Unlike traditional banks, Charge allows clients to maintain full control over their assets at all times as a flexible solution in both Web3…
The most famous Satoshi Nakamoto wallet address is “1A1zP1eP5QGefi2DMPTfTL5SLmv7DivfNa”, which is the address Satoshi used to receive the 50 BTC reward from mining the first block on the Bitcoin blockchain. This block is also known as the “genesis block”. The story of Bitcoin inventor Satoshi Nakamoto is one of the most fascinating mysteries of the last few decades. Even though Satoshi invented a technology that has had a big impact on the world and mined billions of dollars worth of Bitcoin, he has stayed completely anonymous and has left his riches untouched. The reason why we can tell that Satoshi…
According to a recent post by Milk Road, Aave, a leading decentralized finance (DeFi) protocol, has reported an impressive revenue surge of $500 million since the start of 2024. This achievement positions Aave as one of the top protocols in terms of revenue generated within the DeFi space. However, despite this success, the price of AAVE has been on a downward trajectory since mid-September. AAVE price has dropped 14% in two weeks According to CoinGecko data, AAVE price has dropped by over 14% over the past two weeks and by around 4% over the past month. Aave has posted a…