Author: NBTC

The Australian Securities and Investments Commission (ASIC) has released updated guidelines for financial services firms that hold client assets, introducing new requirements for cryptocurrency custody and strengthening oversight of asset holders. The revamped Regulatory Guide 133 (RG 133), published today (Tuesday), marks the first major update since June 2022 and expands the scope of asset-holding requirements to address emerging risks in digital assets while reinforcing traditional custody standards. “Asset holders must establish and maintain business continuity arrangements appropriate to their operations’ nature, scale and complexity,” states the new guidance, which takes effect immediately. Key Changes: Enhanced information security controls for…

Robinhood Crypto celebrated a pivotal year in 2024, marked by significant milestones, including the launch of new features, geographic expansions, and the enhancement of its crypto offerings. According to a recent announcement, the company ended the year with $38 billion in crypto assets under custody and $119 billion in notional crypto trading volume over the last twelve months as interest in Bitcoin (BTC) reached unprecedented levels. Expanding reach Robinhood achieved full coverage across all 50 US states and territories, including Hawaii, Puerto Rico, and the US Virgin Islands. In addition, the platform expanded its list of supported cryptocurrencies to 20,…

Dmail AI has launched on Lisk, marking a major milestone for the Lisk ecosystem. Dmail is an advanced, AI-driven decentralized platform that specializes in encrypted email services, unified notifications, and custom marketing solutions. With this deployment, the Lisk community receives a tool created for privacy, security, and efficiency as a primary function. This new integration was announced on Lisk’s official X account on Twitter. We’ve got exciting news: @Dmailofficial has deployed on Lisk 📧The Dmail Network is an advanced, AI-enhanced decentralized communication platform designed to deliver encrypted email services, unified notification systems, and tailored marketing solutions and it’s now available……

A wallet linked to the defunct crypto exchange Mt. Gox moved 2,324 Bitcoin worth $234 million to an unidentified wallet early Thursday, according to data from Arkham Intelligence. The latest transfer took place amid Bitcoin’s rally above $100,000, driven by anticipated Fed rate cuts after the latest inflation report. The transfer followed Wednesday’s movement of 2,623 Bitcoin, valued at approximately $255 million, from Mt. Gox-labeled wallet to two addresses, with around $10 million reaching B2C2. The remaining funds were distributed to other addresses before landing in a wallet beginning with “14jvfU.” The defunct crypto exchange has made several Bitcoin transfers…

Crypto yield marketplace Superform announced Wednesday the launch of SuperUSDC, a product billed as a “set and forget” opportunity for earning high yield on Circle’s stablecoin. Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols. Projects can list vaults on Superform, which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum or Base. SuperUSDC offers DeFi users “automated, non-custodial yield management” and is the first offering in Superform’s line of SuperVault products, according to a statement. Superform Labs co-founder and CEO Vikram Arun told…

Dogecoin (DOGE) shot up in value late Thursday after Telsa CEO and billionaire Elon Musk briefly mentioned the meme coin’s name during a town hall meeting in Folsom, Pennsylvania on Thursday. During the event at Ridley High School, an attendee asked Musk if he would head up a new “Department of Government Efficiency.” Musk responded with a lighthearted grin, “Yeah, Doge,” eliciting cheers and applause from the crowd. Dogecoin’s value has since climbed to $0.13 and is up more than 6.8% in the last 24 hours. Its market capitalization has also spiked to the tune of $19.3 billion, according to…

Three young men in China have been sentenced to prison and fined for using crypto to conduct illegal foreign exchange transactions. The Jianhu County Procuratorate filed public charges against the trio, who completed over 650 transactions, exchanging nearly 30 million yuan in foreign currency within a few months. Crypto Forex Exchange Crime in China In early 2020, 25-year-old Lin, struggling to find employment due to his low educational qualifications, discovered cryptocurrency and its lucrative potential. Through a friend’s introduction, he partnered with his high school classmate Yan to begin crypto bricklaying in a local studio. Lin, later got in touch…

Top US crypto exchange Coinbase has added support for three additional digital assets, including memecoin Gigachad (GIGA). Solana (SOL)-based GIGA, a crypto asset inspired by the photo shoot of Russian bodybuilder Ernest Khalimov, is up more than 39% from its $0.04911 low on Tuesday, the day it was listed on Coinbase. GIGA is trading for $0.06844 at time of writing. With a market cap of $657.9 million, Gigachad is the 183rd largest crypto project. Coinbase also added support for Magic Eden (ME) on the Solana network, a utility token for the Magic Eden non-fungible token (NFT) marketplace. Users can list…

The cryptocurrency market continues to face turbulence, with Ethereum ($ETH) struggling to revisit its all-time high (ATH). In response, Athene Network has unveiled a series of pivotal strategic adjustments. These changes aim to ensure the platform’s long-term stability. The adjustments further intend to enhance its offerings to holders during this period of market volatility. Athene Network Postponed Mainnet Launch to Ensure Stability Athene Network has rescheduled its Mainnet launch to 2025. citing the need for a more secure and resilient network infrastructure. The exact date has yet to be disclosed. The decision reflects the company’s commitment to delivering a robust…

The concerns were in response to Michael Saylor’s suggestion that the U.S. should quadruple its planned strategic reserve and exert influence over the Bitcoin network. Saylor Calls for U.S. To Purchase up to 25% of Total Supply Bitcoin educator Anita Posch, founder of non-profit organization Bitcoin for Fairness posted a warning on X about the centralization risk posed by governments and corporations that are setting up bitcoin treasuries. Posch’s post came on the heels of a bold suggestion by Microstrategy Chairman Michael Saylor that the U.S. government should purchase “20 or 25 percent of the Bitcoin network” and “catalyze” its…