Author: NBTC
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services to residents. During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending, according to a report from News24. In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due…
In a groundbreaking move set to redefine Hong Kong’s financial landscape, OSL Digital Securities has been appointed as the inaugural virtual asset trading and sub-custodian partner by China Asset Management (Hong Kong) (“ChinaAMC (HK)”). This strategic collaboration paves the way for the approval and launch of ChinaAMC’s first-ever spot Exchange-Traded Funds (ETFs) in Hong Kong. Representing a significant milestone, this partnership signals a pivotal shift towards embracing digital asset investments in the region. With the introduction of Spot BTC/ETH ETFs, Hong Kong joins the ranks of leading financial hubs such as Canada, Germany, and Switzerland. The move mirrors the success…
Vocal Bitcoin supporter Samson Mow is the chief executive of BTC-focused company Jan3 and former CSO at Adam Back’s company Blockstream. Mow promotes the idea within the community that Bitcoin is going to definitely reach the level of 1 million U.S. dollars in terms of price. Samson Mow makes “Bitcoin ETF confession” Jan3 chief executive has tweeted that he holds some energy stocks and Bitcoin ETFs, apparently referring to spot-based ETFs, which have been trading since their approval made in the middle of January by the Securities and Exchange Commission. I have a confession. I own some energy stocks and…
Digital asset investment products witnessed minor outflows amounting to $126 million in the past week as investors displayed hesitancy amidst a stalled positive price momentum. While trading volumes did experience a slight increase from $17 billion to $21 billion on a week-on-week basis, activity in exchange-traded products (ETPs) and exchange-traded funds (ETFs) dropped relative to the overall market, according to a CoinShares report. ETP/ETF activity accounted for 40% of total volumes on trusted exchanges over the past month but decreased to 31% last week, indicating the cautious approach adopted by investors. Bitcoin Sees $110M in Outflows The report added that…
Solana has become the center of the DeFi world in recent weeks, between meme coins and buzzy tokens like Wormhole, Jupiter, and Tensor, pushing decentralized exchange trading volume on the chain to an all-time high in March. But the network now appears to be falling victim to its own success. Amid growing demand, congestion on the chain is causing transactions to fail and making it difficult to perform even basic tasks. As the Helium Foundation’s head of protocol engineering recently put it, “Solana sucks to use right now.” And he’s not the only Solana maxi that’s publicly voicing these frustrations.…
The U.K. will issue new legislation for stablecoins as well as crypto staking, exchange and custody by June or July this year, Economic Secretary Bim Afolami said. The Conservative-party-led government has said it wants to make the U.K. a global hub for crypto and passed legislation last year to recognize crypto and stablecoins as regulated financial activities in the country. The U.K. government is set to put forward legislation for stablecoins as well as for crypto staking, exchange and custody by June or July, Economic Secretary Bim Afolami said at the Innovate Finance Global Summit on Monday. “We are now…
BIT cryptocurrency exchange has launched the EigenLayer Points Program seeking to improve user interactions within the EigenLayer ecosystem. This rewards program will include EigenLayer Points (ELP) trading on the spot market under the pair ELP/USDT. BIT plans for this move to boost engagements with the ecosystem as the Token Generation Event nears. BIT unveils EigenLayer points program BIT is a cryptocurrency exchange platform that appeals to professional traders due to features such as Portfolio Margin and Unified Margin that offer advanced risk management and fund efficiency. The exchange is now collaborating with the Ethereum-based protocol, EigenLayer, to give rewards to…
Bitcoin (BTC) has lost a supposedly strong price support by the end of the week, trading below $69,000. Now, cryptocurrency traders look for the next Bitcoin price support levels to watch in the charts moving forward. Previously, the $69,000 had constituted a significant resistance level for the leading cryptocurrency, marking a cycle’s top in 2021. This price set an all-time high for Bitcoin back then, which was challenged and briefly broken on March 9. One week later, BTC retraced below what traders would expect to become a strong support level, raising the possibility that its previous breakout was actually a…
Fiji’s central bank has issued a warning against crypto investments promoted in the region, citing legal tender laws and potential penalties under local regulations. The Reserve Bank of Fiji (RBF) has issued a public warning, cautioning users from investing in crypto-related campaigns promoted in the region. In a press release on Apr. 15, the central bank emphasized, including Bitcoin (BTC) and Ethereum (ETH) are “not recognized as legal tender in Fiji” and can’t be used for payments of goods and services, in accordance with local rules. Reserve Bank of Fiji Governor Ariff Ali also addressed the increasing promotion of crypto…
Base’s token Fren Pet (FP) has soared over 800% in the last 30 days, according to data aggregator CoinGecko. FP price movements have recently hit investors, with over $1 million bought over the last 24 hours as data from Nansen reveals. FP powers the Tamagotchi game, which consists of users raising a pet and putting them to fight other players’ pets. Nansen highlights on an X post that Ansem, a notorious figure in the crypto community, bought the equivalent of $32,000 of FP. However, his investment wasn’t even among the 10 largest FP acquisitions in the past 24 hours. The…