Author: NBTC

The crypto industry is intensifying its battle for regulatory clarity against the US Securities and Exchange Commission (SEC). Notably, the Crypto Council for Innovation (CCI), investment firm Paradigm and the US Chamber of Commerce are backing Coinbase in its legal challenge against the SEC. The industry flagbearers demand clear regulations for the crypto sector. Need For Specific Crypto Regulations Coinbase has been in a protracted dispute with the SEC, seeking specific crypto regulations. Despite its efforts, culminating in a lawsuit, the SEC insists that existing securities laws are adequate. This stance has led to legal conflicts with major crypto firms.…

Bitcoin soared past the $64,000 mark, reaching a high of $64,268 and setting a new annual record. This spike coincides with the Tether Treasury’s creation of 1 billion USDT. This move has ignited widespread speculation and keen interest across the crypto sector. Is the Latest USDT Mint Pumping the Crypto Market? Whale Alert, a blockchain analytics platform, reported the fresh batch of minted USDT on Sunday. Consequently, it sparked a debate about its potential effects on Bitcoin’s price. Historically, there’s been a link between Tether’s minting actions and significant increases in Bitcoin’s value. In January, Tether released 2 billion USDT…

After leaving financial and crypto market watchers reading tea leaves to divine its next big move, investment titan BlackRock spilled the tea late Wednesday on its tokenized asset fund. Dubbed ‘BUIDL,’ it will be built on the Ethereum network and is the company’s first tokenized fund issued on a public blockchain. The BlackRock USD Institutional Digital Liquidity Fund was first registered in the British Virgin Islands last year. “BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers…

On March 19, the National Agency for Prospective Projects (NAPP) released a new mandate that increases the monthly fees for crypto market participants in Uzbekistan. According to the official press release, the updated fee structure is a revision to a mandate first established in September 2022 by the Ministry of Justice. The modification came in response to the NAPP’s evaluation of “sufficient profitability” among cryptocurrency retailers and exchanges in the sector. Consequently, the NAPP introduced a new fee structure that affected both entities. Per the new fee structure, crypto exchanges are now subject to a fee of 740 BRV, equivalent…

The Shiba Inu Metaverse Advisor, Marcie Jastrow, recently debunked growing allegations of affiliation with a scam company. The Shiba Inu Metaverse project has not made headlines for some time as progress continues behind the scenes. However, the project’s advisor, Marcie Jastrow, recently took the spotlight amid allegations of her involvement in a scam business. Notably, Trophias, a former member of the SHIB Defense Breed who had a clash with lead developer Shytoshi Kusama last January, accused Jastrow of being a “professional scammer.” According to Trophias, this was due to her exit from a new company with which she had previously…

China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark. State-owned newspaper Economic Daily pointed out on Sunday that Bitcoin’s price rebound doesn’t mask the underlying risks associated with the digital asset. “Investors should remain cautious about the risks associated with Bitcoin and products whose value is tied to cryptocurrencies,” it said. The newspaper cited Beijing-based lawyer Xiao Sa, who noted the recent approval of Bitcoin Spot ETFs in the US. This approval has reduced the entry barrier for overseas investors and boosted market trading activity, he…

Ethereum Virtual Machine (EVM) Layer 2 firm Morph, announced it has raised $19 million in a seed funding led by investment firm DragonFly Capital. Other participants in the $19 million funding round included Pantera Capital, Foresight Ventures, Spartan Group, MEXC Ventures, Symbolic Capital, Public Works, MH Ventures, and Everyrealm, — an additional $1 million was raised in an angel round. The funding will be used to acquire talent, enhancing developer incentives, expanding marketing efforts and to improve the Morph’s visibility within the Layer 2 ecosystem and refining its technical infrastructure, said the firm. Morph to “Revolutionize” Blockchain Tech is Used…

The British Virgin Islands (BVI) is aiming to become a major hub for digital asset activities. To achieve this, the territory is working to execute rules and systems that would enable participation in the expanding digital asset market. Lorna Smith, Minister for Financial Services, Labour and Trade, recently said that the BVI is well-positioned to be a significant player in the worldwide digital asset market. She emphasized the need for a strong set of rules to manage this field, and highlighted the importance of balancing innovation with compliance of legal standards, local outlet BVI News reported Tuesday. She added that…

It is another proud moment for TOKI, and they have made cross chain swapping of Japanese Stablecoin via IBC a crystal clear reality. TOKI’s IBC-backed technology has again shot into the limelight by conceptualizing BNB and Ethereum chain transfers on a public testnet. It may mark the adoption of the protocol by financial organizations based in Japan, beginning with cross chain transfers of stablecoins. This development can be viewed as a small beginning to a huge step that will revitalize crypto space. Progmat and TOKI have successfully collaborated to build a cross-chain infrastructure for issuing Japanese stablecoins. This cross-chain architecture…

With 7.6% of Michael Saylor, leader of MicroStrategy, under its control, Vanguard Group Inc indirectly holds $1.2 billion in Bitcoin, revealing an unexpected impact in the sector. Let’s see below all the details. Vanguard’s indirect control over Bitcoin through MicroStrategy Bill Miller IV and Michael Saylor optimistic about Bitcoin and MicroStrategy Vanguard’s CEO, Tim Buckley, to retire by 2024 Vanguard’s indirect control over Bitcoin through MicroStrategy As anticipated, in the crypto and Bitcoin world, the influence of Vanguard Group Inc is becoming increasingly important. With a 7.6% stake in Michael Saylor, the CEO of MicroStrategy, Vanguard indirectly controls 193,000 Bitcoins,…