Author: NBTC

The Netherlands’ state-owned lottery operator, Nederlandse Loterij, has launched civil proceedings against the country’s largest unlicensed online gambling platform. It also directly targets the offshore shell companies and individual directors behind it in a case that could set a European precedent for how licensed operators combat black market rivals. Key Takeaways: Nederlandse Loterij sued Qbet’s operators and directors at The Hague, targeting the offshore shell network behind the Netherlands’ largest illegal gambling site KSA chair said the record €24.8M fine should have exceeded €100M but Dutch law caps penalties at 10% of global turnover 53% of Dutch online gambling spend…

Blockchain transfer fees denote a core element of the crypto sector. In this respect, these fees act as both a security layer and an incentive management. Thus, whenever someone interacts with, receives, or sends digital assets, they might pay a small fee for the processing of that transfer. The respective fees differ widely based on the blockchain ecosystem, ongoing demand, and transfer complexity. Comprehending the working of transaction fees is crucial for those attempting to invest in or utilize crypto assets effectively. Introduction to Blockchain Transfer Fees Mainly, blockchain transaction fees underscore payments that the users make for the processing…

Sky, the decentralized finance protocol formerly known as MakerDAO, has announced the first native deployment of its native stablecoin, USDS, and its yield-bearing version, Savings USDS (sUSDS), on Avalanche. The rollout runs on Skylink, the Sky ecosystem’s crosschain bridge protocol, built on LayerZero infrastructure. Unlike traditional bridge deployments, Skylink operates on a burn-and-mint framework that requires no bridge liquidity, accoriding to Sky’s X announcement. Grove Finance initiated the bridge of Sky’s USDS and sUSDS to Avalanche via Skylink, becoming the first entity to transfer the assets directly from Ethereum mainnet to Avalanche. “This is the first native deployment of USDS…

Ethereum is trying to recover, but two charts show the rally still facing pressure at nearby resistance zones. At the same time, support levels below are now critical because a successful retest could decide whether $ETH pushes higher or slips back into weakness. Ethereum Rebounds Into Resistance While Support Remains Fragile Ethereum is trying to recover after a sharp drop, but the chart shows that the first major test sits near the $2,400 area. That red zone has already acted as resistance before, so $ETH now needs to break and hold above it to strengthen the rebound. Until then, the…

Shin Hyun-song, the nominee to lead the Bank of Korea, said a central bank digital currency (CBDC) and bank-issued deposit tokens should form the core of South Korea’s digital money system, with stablecoins playing a secondary role. “I expect that central bank digital ​currencies and deposit tokens will be able to ​coexist with stablecoins in a manner that is ⁠supplementary and competitive to each other,” he said, Yonhap reported, citing the Bank of Korea. In written remarks submitted to parliament ahead of his confirmation hearing on April 15, Shin said he supports introducing a won-based stablecoin, but stressed that trust…

DoubleZero Foundation, a project building high-speed data infrastructure for blockchains like Solana, has rolled out a new platform to speed up how trading firms access crypto market data — a sign of growing demand for Wall Street-style systems in digital asset markets. The project, called DoubleZero Edge, went live on Thursday. Its first offering is a real-time feed of raw data from the Solana blockchain, giving traders faster access to information that can influence prices. Solana, a high-speed blockchain popular with traders, produces large amounts of real-time data as transactions are processed. DoubleZero plugs into that system by working with…

Staking is the system of earning rewards and interest by the process of holding or investing cryptocurrencies. It uses the Proof of Stake (PoS) consensus mechanism, a process by which some blockchains validate transactions and add new blocks and secure the network. PoS depends on the validators selected based on how much crypto they have staked and how long they have held it. There are 2 general types of staking: CeFi (Centralized Finance) platform staking, and DeFi (Decentralised Finance) platform staking. In CeFi staking, users deposit their crypto in centralized exchanges, and the platform stakes their crypto, and they can…

A renowned Ethereum ($ETH) whale has recently executed a significant leverage strategy via the popular decentralized lending protocol, Aave V3. In this respect, the initially supplied up to 3,500 $ETH, equaling a total of $8.26M into the Aave V3 protocol. As per the data from Onchain Lens, the whale then borrowed $USDC worth of $8M against the respective collateral. Hence, the whale increased their Ethereum exposure with the borrowed capital. A whale supplied 3,500 $ETH ($8.26M) into #Aave V3, borrowed $8M $USDC, bought 3,386 $ETH at $2,363, and supplied it back to #Aave V3.Currently, the whale holds 6,886 $ETH ($16.22M).Address:…

UK Liberal Democrats have urged the Financial Conduct Authority (FCA) to investigate Nigel Farage’s ties to Bitcoin treasury company Stack $BTC after it disclosed a 37 Bitcoin purchase and published promotional material featuring the Reform UK leader, who is also a shareholder. In a letter to the FCA, Liberal Democrat deputy leader Daisy Cooper asked the regulator to investigate whether Farage breached market rules by appearing in a promotional video for Stack $BTC while holding a financial stake in the company. “The FCA must investigate whether Farage’s plans to cash in on Crypto could potentially amount to market abuse and…

In today’s newsletter, Marcin Kazmierczak from Redstone takes us through the evolution of tokenization as it moves from “concept to allocation.” Then, in “Ask an Expert,” Kieran Mitha answers investor questions about tokenized investments. – Sarah Morton Where Tokenized Assets Are Today Tokenization is moving from concept to allocation. What matters now is how these assets fit into portfolios and what they actually enable. Your clients are already hearing and asking about tokenized assets, and that trend will only accelerate. In the last 18 months, companies like BlackRock, Franklin Templeton, and Fidelity Investments have launched real products on the blockchain,…