Author: NBTC
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In an interview with crypto.news Oliver Linch, CEO of Bittrex Global, discussed Thailand’s regulatory direction regarding the cryptocurrency sector. Thailand’s Securities and Exchange Commission (SEC) has intensified its regulatory framework to curb unlicensed crypto activities, citing fraud and money laundering concerns. “The SEC warns people and investors to be cautious about using unauthorized digital asset operators because they do not receive legal protection,” the regulator said in a statement. The commission banned access to unlicensed crypto exchanges last month and introduced significant changes aimed at fortifying the digital asset market. These amendments included the removal of investment caps for retail…
Cryptocurrency analysis company CryptoQuant evaluated the possibility of a new correction in Bitcoin prices after the recent declines. The company’s analysts have identified several factors that indicate a further price correction in Bitcoin is likely. The cryptocurrency market continues to heat up and the prevailing sentiment is the expectation of further price gains and a rapid recovery. However, one CryptoQuant analyst says he sees signs of the possibility of a decline. Here are the factors shared by the analyst: Average 30-day funding rates remain high and reflect 2021 all-time highs. Bitcoin price is currently at an all-time high and facing…
Ethereum price extended its increase and tested $3,840. ETH is holding gains and seems to be eyeing a move toward the $4,000 level. Ethereum started a fresh increase and traded above the $3,750 resistance zone. The price is trading above $3,700 and the 100-hourly Simple Moving Average. There is a short-term bullish trend line forming with support at $3,710 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up unless there is a break below the $3,380 support. Ethereum Price Eyes Additional Gains Ethereum price started a fresh surge after reports of increased…
OKX Ventures, the investment arm of the leading crypto exchange and Web3 technology company OKX, has announced its investment in Cysic. It is a zero-knowledge (ZK) hardware acceleration company. The investment of OKX Ventures in Cysic reflects their desire to accelerate the rate of generating ZK proofs. That means, it makes the process faster and also more cost-effective. It is also more user-friendly and virtually decentralized for all involved parties. Great news! OKX Ventures is investing in Cysic to fuel the innovation of real-time ZKP technology. @cysic_xyz Read more: https://t.co/SkgpQgQSRH pic.twitter.com/UFkgUEgORn — OKX Ventures (@OKX_Ventures) May 24, 2024 Cysic Pioneers…
Valour, subsidiary of DeFi Technologies company and cryptocurrency ETP issuer, announced the addition of Shiba Inu and Toncoin to its digital asset basket VDAB10 (Euro and Swedish krona basket). In its announcement, Valour announced that it has rebalanced the Valor Digital Asset Basket 10 (VDAB10) EUR and SEK baskets to include Toncoin (TON) and Shiba Inu (SHIB) starting April 30, 2024. Adding TON and SHIB, Valour also added that they removed Polkadot (DOT) and Tron (TRX) from their programs. “The VDAB10 ETP tracks the performance of the 10 largest digital assets by market cap, with a 30% cap for any…
According to Montenegrin media, not only did Do Kwon and former Terra exec Han Chang-joon purchase luxury apartments in the Serbian capital of Belgrade before making their way to Montenegro, they may have met with the country’s prime minister, Milojko Spajić, at some point before their arrests. Do and Han are well known for their involvement with failed algorithmic stablecoin protocol Terra/Luna, which collapsed two years ago. As DLNews reported in April, Do and Han purchased real estate and parking spots in the best part of Belgrade — with the condominium they were staying in being worth in excess of…
Dwindling odds of Fed rate cuts and rising bond yields have weakened the bullish case in cryptocurrencies and stocks. Flows into the U.S.-listed spot BTC ETFs have dried. The analyst who predicted bitcoin’s (BTC) bottom in November 2022 and the recent pre-halving surge to record highs has turned bearish on risk assets, including technology stocks and cryptocurrencies. “Our growing concern is that risk assets (stocks and crypto) are teetering on the edge of a significant price correction. The primary trigger is the unexpected and persistent inflation. With the bond market now projecting less than three cuts and 10-year Treasury Yields…
Ether’s market value rose by over $70 billion Monday, nearly matching SOL’s total market value of around $80 billion. Analysts expect the gap between ETH and its rivals like SOL to widen further in the coming months. The market capitalization of programmable blockchain Solana’s sol (SOL) token could exceed that of rival Ethereum’s ether (ETH) during the next bullish cycle, one crypto observer said in December. This week, the market has shown how Herculean the task would be: The ether price surged more than 19% on Monday, adding $70 billion to its market cap for a total of $439 billion,…
Prominent crypto lawyer Gabriel Shapiro’s MetaLeX raised $2.75 million at a $27.5 million valuation. The project is building new governance standards for crypto groups to use when decentralizing. Crypto proponents used to posit that “code is law.” Courts and legal pundits ultimately forced the phrase into retirement. But there’s still plenty of money in figuring out how the two intertwine. One such effort is crypto lawyer Gabriel Shapiro’s MetaLeX, a hybrid law firm/tech company focused on the mess that crypto projects make when trying to “decentralize.” MetaLeX recently raised $2.75 million in seed funding led by Cyber Fund. It is…