Author: NBTC
Deltec Bank and Trust has reportedly sold its lines of business to Britannia Bank and Trust; both banks have served Tether and operate in the Bahamas. According to the Nassau Guardian’s interview with Britannia’s chairman Julian Francis, it is not acquiring Deltec, just Deltec Bank’s business lines. Deltec Bank CEO Odetta Morton repeatedly noted that she believes this “will result in an optimal path for continuing to deliver best-in-class service, technology, and access to global markets.” Read more: Executive texts claim Deltec moved customer funds from FTX to Alameda At one point, Deltec Bank was one of the most important…
Shiba Inu (SHIB), a dog-themed meme coin, has employed its internal deflationary regulation mechanism, burn. In the past 24 hours, the burn rate has soared to an astronomical 4,411.52% with millions of tokens burned. SHIB’s burn rate and price reaction A total of 1,110,602 tokens were sent to dead wallets, according to Shibburn in its update on X. According to Shibburn’s hourly rate update, the precise total tokens that have been incinerated in the last seven days stands at 114,618,006. HOURLY SHIB UPDATE$SHIB Price: $0.00001406 (1hr 0.46% ▲ | 24hr -0.56% ▼ )Market Cap: $8,282,358,653 (-0.57% ▼)TOKENS BURNTPast 24Hrs: 1,110,602…
U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler has issued a stern warning to the cryptocurrency industry, saying its future depends on stronger investor protections. Speaking in an interview on CNBC’s Squawk Box today, Gensler reiterated his long-standing call for greater transparency and regulation in the crypto market. Gensler noted that there are numerous market disruptions plaguing the industry, pointing to the collapse of major crypto companies in 2022. Among the casualties were high-profile names like crypto exchange FTX, run by now-convicted CEO Sam Bankman-Fried, as well as hedge fund Three Arrows Capital and lenders Celsius and Genesis. Bankman-Fried…
In a significant development for the Web3 world, Coin98 is carrying out an exclusive integration. As per Coin98, the company is integrating Zircuit Mainnet Phase 1 in the platforms thereof, taking into account Coin98 Extension and Coin98 Super Wallet. The firm provided the details of this endeavor in its recent blog post. Coin98 Super Wallet now integrates @ZircuitL2, an EVM-compatible zero-knowledge rollup powering the limitless potential of web3.Update #Coin98 Super Wallet and explore Zircuit today! 👉 https://t.co/ZqQsRDmCC8 pic.twitter.com/IoBD4KBx9L — Coin98 Super Wallet (@coin98_wallet) September 27, 2024 Coin98’s New Integration of Zircuit Leads to an Enhanced Consumer Experience Coin98 took to…
With a boom in the crypto market, Bitcoin is approaching the $66K barrier, presenting a potential breakout opportunity. Will this breakout lead to a new all-time high? The ongoing bull cycle has contributed to a 21.41% increase in BTC price, rising from $53,731 over the past three weeks and surpassing $65,500. Currently, Bitcoin is trading at $65,540, reflecting an intraday gain of 0.56% following a 3.21% jump yesterday. Amid the recovering market, will the Bitcoin bull run continue to gain momentum and reach a new all-time high? Bitcoin Price Analysis According to Fibonacci retracement levels, Bitcoin’s uptrend has surpassed the…
A new leveraged MicroStrategy ETF is firing on all cylinders as its assets jump and its stock soars to a record high. The T-REX 2X Long MSTR Daily Target ETF has added over $82 million in assets just a week after its launch. According to Eric Balchunas, Bloomberg’s head of ETFs, these inflows place it in the top twenty of all 515 funds launched this year. The fund, whose ticker is MSTU, has outperformed the Defiance Daily Target 1.75X Long MSTR ETF, which launched in August. This is wild, the 2x $MSTR ETF was launched a week ago and already…
The official X account of Ripple cryptocurrency giant has published a short video that is part of the “Crypto In One Minute” series. The company’s president Monica Long took part in it, explaining to the crypto community what stablecoins are. This video was released after Ripple had announced the beginning of closed beta testing for its stablecoin Ripple USD (RLUSD). Ripple begins to test RLUSD While talking about stablecoins, the Ripple president described them as tokens on a blockchain that represent some kind of real-world currency, and there is a one-to-one peg between a stablecoin and the currency that backs…
South Korea’s Personal Information Protection Commission (PIPC) imposed a collective fine of KRW 1.14 billion ($861,408) on Worldcoin and its affiliate Tools for Humanity (TFH) for failures related to disclosure requirements, according to a Sept. 25 press release. The regulator said the companies violated the country’s Personal Information Protection Act (PIPA) by not disclosing the purpose of collecting iris data. According to the decision, Worldcoin is required to pay a fine of around $550,000 (KRW 725 million), while TFH owes around $287,000 (KRW 379 million). The PIPC also issued corrective orders and improvement recommendations to the two firms. Worldcoin Foundation…
ZNS Connect has recently announced an exclusive collaboration with Athene Network. According to ZNS Connect, the platform is joining forces with Athene Network to advance Web3 infrastructure as well as expand the decentralized technology’s utility across diverse platforms. The platform took to social media to provide the details of the respective endeavor. ZNS is now the official name service provider on the Athene Network! 🔥Get ready to elevate your Web3 experience with some $Athene magic! ✨About Athene Network: Athene is built on Ethereum and powered by a thriving community of over 13 million users, with 5 million+ daily… pic.twitter.com/SVAPHyoZd3 —…
Samson Mow, an eager Bitcoin supporter and the chief executive officer at JAN3, responded to a bullish BTC tweet published by his former boss, BlockStream CEO Adam Back. “Uptober” coming to cryptocurrency market Back, whose company created the Bitcoin Lightning network for micropayments, tweeted today that he was getting ready for the approaching month of “Uptober.” Historically, every October, financial and cryptocurrency markets skyrocket, seeing prices go through the roof. Thus, Back made an ultra-bullish Bitcoin prediction for the approaching month. We’re ready. Send it. 🫡🚀pic.twitter.com/L4GC2YgUJg https://t.co/hgXOgeJyaz — Samson Mow (@Excellion) September 27, 2024 Earlier this year, in one of…