Author: NBTC
Jeremy Allaire, CEO and co-founder of Circle, sees Hong Kong as a key market for the company’s stablecoin, USDC. Allaire announced Circle’s plans to expand its presence in Hong Kong, potentially hiring more staff and establishing local operations. However, Circle is waiting for clarity on Hong Kong’s upcoming stablecoin regulations before deciding whether to pursue a license. Hong Kong is becoming a crypto hub despite mainland China’s restrictions on the market. To expand its crypto market, Hong Kong will introduce new laws and regulations, and will also launch a Virtual Asset Index Series. The city plans to establish a clear…
Zilliqa Jasper proto-testnet: In a significant development for the blockchain space, Zilliqa has announced the launch of the Jasper proto-testnet for its upcoming Zilliqa 2.0 upgrade. This new testnet, detailed in a recent Medium blog post, introduces a Proof-of-Stake (PoS) consensus mechanism, marking a major shift from the network’s previous Proof-of-Work (PoW) model. The Jasper proto-testnet is designed to allow developers and validators to explore the enhanced features of Zilliqa 2.0, operate validator nodes, and earn rewards for their contributions to network security. Key Features of the Jasper Proto-Testnet The Jasper proto-testnet introduces several new features and improvements aimed at…
Japan’s new prime minister (PM) Shigeru Ishiba has instructed the government’s Minister for Digital Transformation (DX), Masaaki Taira, to accelerate work toward an “active cyber defense” bill. Given the proposed bill’s scope and Ishiba’s friendliness toward Trump and the U.S. war machine, the Japanese are worried this could mean Communist-style public surveillance and a more militarized state. Japan’s new Westernized, military-expansionist prime minister is looking to accelerate the development of an “active cyber defense” system, which will reportedly “collect and analyze communications information from the private sector” regularly. Among Shigeru Ishiba’s main goals as PM are creating an Asian version…
Ethereum stablecoin holders transferred billions to centralized exchanges following the results of the 2024 U.S. presidential election. After Donald Trump was declared the winner, Binance and Coinbase received the second-largest tranche of Ethereum stablecoin deposits in crypto history. Users moved approximately $4.3 billion to Binance, while Coinbase received around $3.4 billion, totaling $9.3 billion in ERC-20 stablecoin transfers on Nov. 6, according to a CryptoQuant analyst. Large stablecoin inflows have historically signaled bullish movements for cryptocurrencies and decentralized finance. In late 2020, similar large-scale deposits contributed to rising token valuations as users allocated capital. Stablecoins are cash-like cryptocurrencies that maintain…
Popular cryptocurrency exchange Bitstamp has published a tweet, in which it mentioned the mysterious Bitcoin creator Satoshi Nakamoto and looked at his enigma from a new angle. It suggested that there is something that may be much more important than unveiling his true identity. This tweet was published on the 16th anniversary of Satoshi releasing the Bitcoin whitepaper. Bitstamp’s Satoshi tweet – what’s happening to Nakamoto now? Bitstamp published a tweet suggesting that finding out how Satoshi is living now could be a lot more important than who he is in reality. According to recent reports, Satoshi’s Bitcoin holdings have…
In an episode of “In the Know,” ARK Invest CEO Cathie Wood discussed how former President Donald Trump’s economic proposals could shape markets, drawing comparisons to early American economic strategies. ARK CEO/CIO @CathieDWood and ARK’s Chief Futurist @wintonARK discuss the market implications of the upcoming election on a brand new episode of “In The Know.” They also break down the jobs report and other economic data. Watch it here. https://t.co/0jsyZYV5al — ARK Invest (@ARKInvest) November 2, 2024 Wood pointed out that Trump’s ideas for eliminating income tax, adjusting duties, and modifying regulations may reflect some policies from the early days…
The contendership for the next U.S. Securities and Exchange Commission(SEC) Chairman, gets competitive as Donald Trump team reportedly pitches Robinhood CLO, Dan Gallagher for the role. Major contenders in the mix for SEC chair previously included SEC Commissioner Mark Uyeda and ‘Crypto Mom’ Hester Peirce. According to latest reports, newly elected President Trump is considering Dan Gallagher, a Republican SEC commissioner from 2011 to 2015, who is currently chief legal and compliance officer at Robinhood, as the next SEC Chair. The reports read, “Gallagher, who is a popular pick among cryptocurrency executives who donated millions of dollars to Donald Trump’s…
More election & USDT news incoming as in a major post-election event, Lookonchain revealed that within a span of 15 hours, 728.6 million USDT entered the cryptocurrency market. This massive inflow of Tether, the largest stablecoin by market capitalization, originated solely from Tether Treasury and went directly to several major exchanges, suggesting a potential exit to capture the anticipated market movement after the election. 728.6M $USDT was injected into the crypto market after the election!In the past 15 hours, 728.6M $USDT flowed from #TetherTreasury to #Kraken, #Coinbase, #Binance, #OKX, #Bybit and #Cobocom.https://t.co/6Ishw6rhG6 pic.twitter.com/i6yhGB4i68 — Lookonchain (@lookonchain) November 7, 2024 Destination…
While Bitcoin (BTC) has surged past $73,000 this week, Google searches for the leading asset remain low, unlike past peaks. Bitcoin experienced a strong upward surge as the week began, reaching $69,000 by Monday and continuing its climb. By Tuesday, BTC broke significant price thresholds, surpassing $70,000 and then $71,000. The bullish momentum extended into Wednesday morning when Bitcoin hit $73,600, marking its highest value since its record peak in March. Market attention focused on this rally, but recent observations highlighted an unusual trend in search interest. Bitcoin Near ATH, but Mentions Remain Low Recent data suggests that while Bitcoin’s…
According to the CME GROUP’s data, there was a high chance that the next Federal Open Market Committee (FOMC) meeting on November 6-7 would recommend a 0.25% interest rate cut by the Federal Reserve. The policy rate is expected to come down to 4.50% from 4.75%. Economists predicted that the upcoming FOMC meeting would continue voting for the rate cuts initiated in the Fed’s easing cycle that kicked off in September. More than 90% of economists polled by Reuters were confident that the Fed fund rates would be down to the 4.25%-4.50% range by the end of 2024. Nearly 80%…