Author: NBTC

The South Korean government wants to amend its Foreign Exchange Transactions Act. The amendment would require virtual assets service providers (VASPs) involved in cross-border transactions to register under the new Act and submit monthly reports of individual users’ transaction details to the Bank of Korea. According to reports, Choi Eun-Seok, a member of the National Assembly from the People Power Party (PPP), sponsored the amendment bill, citing the need to combat crypto-related money laundering and foreign exchange crimes in the country. Choi’s proposal centers on creating a system to monitor crypto transactions. Meanwhile, the lawmaker believes the rise of illegal…

This is a segment from the Empire newsletter. To read full editions, subscribe. That seems to have been Robinhood’s approach to crypto this past year, from its Bitstamp acquisition (still expected to close in the first half of next year) to its response to the Wells notice it received from the SEC. The firm has shown an interest and, dare I say, commitment to crypto. Johann Kerbrat told me that’s not changing anytime soon and, if anything, the “enthusiasm in crypto,” is serving to help the firm as it plots out the upcoming year. But even before the bullishness really…

Russia has announced a major decision to regulate cryptocurrency mining by banning it in 10 regions until 2031. The restrictions, which will start in January 2025, aim to balance energy usage while prioritizing industrial demands. Additionally, temporary mining restrictions will apply in three other regions during peak energy consumption periods. Regions Affected by the Mining Ban The Russian government has listed regions such as Dagestan, Chechnya, and the Donetsk and Lugansk People’s Republics, among others, where crypto-mining activities will be entirely prohibited. These restrictions are part of a broader effort to manage energy resources efficiently while accommodating industrial requirements. Meanwhile,…

According to Jag Kooner, head of derivatives at Bitfinex, the FED will soon have to make choices that will significantly impact the trend of the crypto markets. On December 18, the next “FOMC meeting” is expected, during which the American institution will have to express itself on the next maneuver regarding interest rates. The probabilities lean towards a moderate cut of 25 basis points, but there could also be surprises that will spill over into the prices of the speculative stock exchanges. All the details below. Bitfinex and USA macro data: economists predict a solid labor market FED ready for…

The U.S. President-elect Donald Trump is known as a crypto figure and now holds TROG more than any other crypto on his portfolio. According to Arkham Intelligence data on Dec. 12, Donald Trump holds $8.1 million on his crypto portfolio. TROG has become its largest digital asset, which accounts for more than 27% with $2.2 million. The token value on Trump’s portfolio has increased by $399k after the price surged 92.31% in just a week. Meanwhile, the token’s market capitalization also rose 26% to $4.67 million and traded around $0.0000111. Trump crypto portfolio | Source: Arkham Intelligence Ethereum (ETH) is…

The US crypto industry anticipates pro-crypto executive orders from President-elect Donald Trump as soon as his first day in office as a roadmap, Reuters reported on Dec. 23. Rebecca Rettig, chief legal and policy officer at Polygon Labs, said: “Given the tenor of the campaign, it would be imperative for executive orders to really set out what the actual priorities will be on day one and provide some kind of roadmap.” Trump’s promises to embrace crypto and position the US as a global leader in the sector have sparked excitement among crypto advocates, who see his administration as a chance…

Binance, a leading crypto currency exchange, recently relaunched its wallet as Binance Wallet. In an AMA session on exchange’s official twitter account, the Co-founder Yi He and Wallet Product head Winson discussed these developments as per Wu Blockchain. Binance Co-founder and Wallet Head Talk about Binance Alpha Binance Alpha aims to observe projects before full listing, with selection based on popularity. The 100-people Binance Wallet team aims for differentiation and has a clear roadmap. The new wallet is beginner-friendly.… pic.twitter.com/1Dmb6VAk9Z — Wu Blockchain (@WuBlockchain) December 23, 2024 Binance Alpha: Pre-Listing Project Observation Binance Alpha is a platform that allows an…

Founder and CEO of ARK Investment Management, Cathie Wood believes Bitcoin is ‘bigger’ than gold, predicting BTC’s $2 trillion market cap could one day surpass gold’s $15 trillion over time. In a recent post on Dec. 5, Cathie Wood reacted to the Federal Reserve Chair Jerome Powell’s comments on Bitcoin (BTC), describing the cryptocurrency with the largest market cap as a virtual version of gold. Wood stated that ARK Investment Management believes Bitcoin is “a much bigger idea” than gold. She drew comparisons between gold’s value and Bitcoin’s. Gold, a commodity that’s been on the market much longer than Bitcoin,…

Ripple is excited about the success of RLUSD as they recently received NYDS approval, which is a big step forward. This approval gives RLUSD a high regulatory standard, and the transparency offered by audits will be appealing to users. Experts believe stablecoins will play a key role in cross-border payments and solve many of the problems with traditional payment methods. Stablecoins are fast, available 24/7, borderless, and transparent, which makes them a strong option for the future of payments. XRP Meme Tokens: Could Listings Be Coming Soon? On the other hand, XRP is starting to see increased activity with meme…

Nash has launched the Nash Debit Card, a new feature that enables users to spend crypto or EUR directly from their Nash account. To access the Nash Debit Card, users need to have an IBAN account set up within the Nash app. Introduced in Sept. 2023, Nash’s Euro IBAN accounts are part of the platform’s broader initiative to merge traditional and decentralized finance. The IBAN account is registered under and controlled by the account holder, which Nash claims distinguishes its offering from other crypto IBAN products. IBAN Capabilities Nash’s IBAN accounts provide all the expected functionalities of a traditional bank…