Author: NBTC

Alchemy Pay, a leading fiat-to-crypto payment network, has announced the successful acquisition of a Money Transfer License (MTL) in the U.S. state of New Hampshire. The company now has the authority to engage in activities such as selling or exporting payment instruments, storing value, and sending money elsewhere, following the regulatory rules in New Hampshire. Alchemy Pay revealed its intention to apply for Money Transfer Licenses in other states across the U.S. and expects to continue receiving these licenses in the near future. Alchemy Pay, a prominent fiat-to-crypto payment network and altcoin project, has obtained a license for money transfer…

There seems to be some division amongst crypto gamblers about the prospective timeline and odds that the United States Securities and Exchange Commission (SEC) will give its nod to spot Ethereum ETFs like it did with Bitcoin ETFs in January. Polymarket Insight on Spot ETH ETF There are speculations that the agency may approve the spot Ethereum ETF applications that have been filed to its office by May 31. However, a chart from Polymarket, a renowned prediction market, shows that the odds of having a positive decision from the SEC by the proposed time is not even up to 50%.…

Investors viewed bitcoin spot ETFs as an opportunity to gain exposure to bitcoin’s price without having to hold bitcoin directly. Unfortunately, the initial effect was a simple reshuffle of existing bitcoin investments into ETFs, often from publicly traded bitcoin miners. Similarly, investors rotated money from GBTC, a high-fee trust, into spot ETFs with far lower fees. However, as awareness of these ETFs has proliferated and the price of bitcoin has rallied to all-time highs, net new inflows into bitcoin ETFs have become a reality. There is over $50 billion now in bitcoin ETFs. One natural question, given the size of…

Leading cybersecurity company SlowMist and Asian institutional asset management firm HashKey Singapore have partnered to secure digital assets. Together, they will foster innovation in the blockchain economy. The collaboration is official after an MOU was signed. This is a major advance for both groups. 🥳Exciting News💫SlowMist, in collaboration with #HashKey Singapore, Asia’s leading institutional asset management company, formally signed a strategic partnership Memorandum of Understanding (MOU).🤗The signing of this MOU will see both parties working closely across HashKey… pic.twitter.com/QX1MegCzwh — SlowMist (@SlowMist_Team) March 4, 2024 SlowMist and HashKey Singapore Aim to Combat Financial Crime in Digital Assets SlowMist and HashKey…

Mox Bank, a virtual bank based in Hong Kong, aims to introduce virtual asset investment services, intending to transform the financial landscape of Hong Kong in the second half of 2024. Mox Bank, a Hong Kong-based virtual bank, is preparing to redefine banking norms by entering the crypto investment services arena. Liu Hanyang expressed the intention to collaborate with licensed virtual asset trading platforms to ensure regulatory compliance and robust security measures for investors. Mox Bank will initiate Bitcoin and cryptocurrency services by joining the ecosystem in Hong Kong; here are the details! Mox Bank to Launch Bitcoin and Crypto…

Tensions escalate in the legal arena as Terraform Labs challenges the objections raised by the U.S. Securities and Exchange Commission (SEC) regarding the payment of legal fees to Dentons U.S. LLC, the company’s special counsel in its Chapter 11 bankruptcy case. A recent filing submitted to a Delaware court on Monday sheds light on the contentious dispute, highlighting Terraform Labs’ assertion that the objections are unfounded and motivated by ulterior motives. SEC Objections Prompt Legal Standoff The clash between Terraform Labs and the SEC stems from the latter’s objection to the company’s decision to retain Dentons U.S. LLC as special…

The world’s second-largest cryptocurrency Ethereum (ETH) has joined the crypto market rally extending its weekly gains to more than 12% and shooting past $3,500. Currently, the Ethereum price is trading up 1.4% trading at $1,475 with a market cap of $416 billion. In the last 24 hours, the Ethereum trading volumes have shot up by 43% to over $16 billion. Smart Whale Makes Move to Ethereum Insights provided by on-chain data provider LookonChain reveal a notable shift in whale activity. This individual has transitioned from a bullish stance on Bitcoin ($BTC) to a bullish outlook on Ethereum ($ETH), marking a…

Institutional-grade crypto wallet provider raised $11.5 million from NFX, Wing Venture Capital, Framework Ventures and others. Institutional participation in the crypto economy is increasing via trading and tokenization, but security issues are still rampant. Utila, an Israel-based institutional-grade crypto wallet provider, raised a $11.5 million seed round led by NFX, Wing Venture Capital and Framework Ventures, the company said on Tuesday. Other participants include Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings and Impatient, together with angel investors such as Balaji Shrinivasan, according to…

Bitfufu, a Singapore-based crypto mining platform, is set to start trading on the Nasdaq on Friday after finalizing its long-delayed deal to merge with blank-check company Arisz Acquisition Corp. Bitfufu had first attempted to go public in January 2022 through a merger with the same special purpose acquisition company formed by U.S. advisory firm MSQ Ventures. The 2022 agreement at the time valuedBitfufu at $1.5 billion, but the deal was postponed repeatedly due to volatility in the crypto markets. Over the past year, however, the market has bounced back strongly from the scandals that engulfed the crypto sector in 2022,…

Crust Network has introduced EthDA, a revolutionary Data Availability (DA) network built on the Polygon CDK (Contract Development Kit). It signals a significant advancement in Ethereum’s scalability efforts. This partnership advances Ethereum’s efforts to help Layer 2 solutions (L2s) grow. A smooth Data Availability Service for L2 Aggregated Growth is the goal. The combination of EthDA and Polygon’s CDK framework should benefit developers and users. Scalability and dApp creation on Ethereum will be easier. 1) Crust Network is thrilled to unveil EthDA, a cutting-edge Data Availability (DA) network, native to the Polygon CDK @0xPolygon . This deployment marks a significant…