Author: NBTC

The adoption of cryptocurrency, especially Bitcoin, for remittances has failed to surge in El Salvador, even with the support of President Nayib Bukele’s administration. According to data provided by the Central Reserve Bank, only 1.1% of all remittances sent to the country from January to August 2024 include cryptocurrency. Report: Adoption for Remittances Reach Only 1.1% in El Salvador While El Salvador has positioned itself as one of the countries with the highest cryptocurrency adoption, where bitcoin has been legal tender since 2021, crypto usage has failed to gain traction in various use cases. In the case of remittances—one of…

Comfy is a tin can for storing nicotine pouches, like Zyn. ZynCoin founder Colton Kirkpatrick said some of the profits will go to token buybacks ZynCoin, a memecoin that recently persuaded Philip Morris, the Fortune 500-owner of tobacco giant Swedish Match, to back off of legal threats for using the Zyn name, is launching a physical collectible for the $ZYN community called Comfy, which is now available for pre-sale. Physical collectibles are rare, though not entirely unheard of, in crypto. The most popular is Solana’s Saga phone, which built a user base due to aggressive airdrop campaigns. Comfy is a…

A subsidiary of digital assets banking group Sygnum received a license as a crypto asset service provider in Liechtenstein. The company wants to expand into the EU and EEA by leveraging the Markets in Crypto Assets legislation. Sygnum said it obtained a crypto license from Liechtenstein, paving the way for the Zurich and Singapore-based digital assets banking group to expand into the European Union under the bloc’s Markets in Crypto-Assets Regulation (MiCA). The bank’s subsidiary in the country received a license allowing it to offer regulated digital assets services, including brokerage, custody and banking. Sygnum joins companies like Coinbase, Circle…

Fred Thiel, chairman and chief executive officer at Bitcoin mining behemoth Marathon Digital, has predicted “rapid innovation” and “rapid disruption” on energy markets. Thiel has pointed to the fact that AI and data center companies have now emerged as one of the biggest financial backers of new energy generation projects. These data centers are now helping to revive old nuclear plants. Thiel is, of course, alluding to the recent news piece about Pennsylvia-based Three Mile Island nuclear plant coming back online as part of its deal with tech behemoth Microsoft. It is expected to restart in 2028 in order to…

A new draft bill under the working title “Bitcoin Act of 2024” proposes establishing a U.S. Strategic Bitcoin Reserve that would be financed in part by a revaluation of the Fed’s gold. According to the bill, the Secretary of the Treasury will be responsible for creating a decentralized network of secure Bitcoin storage facilities across the United States. These facilities will be strategically located based on a comprehensive risk assessment that prioritizes geographic diversity, security and accessibility. The draft bill outlines a “Bitcoin Purchase Programme” that aims to deliver up to 200,000 BTC per year over a five-year period, reaching…

A long-dormant Ethereum ICO participant recently moved 3,510 ETH worth about $912 million and transferred the assets to the Kraken exchange after two years of inactivity. The participant, who got 150,000 ETH during Ethereum’s Genesis event for $46,500, now has $389.7 million. The latest deposit marks the first significant movement from this address in over 771 days, as the wallet previously received three separate transfers of 5,000 ETH each. After this transaction, the wallet has around 11,490 ETH worth of $30.6 million, as well as 16 other tokens. The #Ethereum Foundation sold 100 $ETH($264K) again in less than 3 days!#Ethereum…

In a startling development, Shiba Inu ecosystem lead Shytoshi Kusama uses a cryptic remark to respond to the growing demands for hefty SHIB burns. This comes after Shiba Inu’s marketing lead, Lucie, highlighted SHIB’s roadmap for the next three years. The accompanying image shows exciting components of the roadmap, including WOOFVertise, SHY Mode, Shib.io Metaverse, and other projects. While highlighting the incredible work our team is doing, I’d like to emphasize that this is a carefully planned roadmap in progress for three years. Every step is being executed methodically and with precision. Here’s a screenshot from September 2023 as a…

Sept 23 (Reuters) – Coinbase (COIN.O, opens new tab and the U.S. securities regulator faced off in a federal appeals court in Philadelphia on Monday as the cryptocurrency exchange presses the agency to create new rules for digital assets. Coinbase, the largest U.S. crypto exchange, sued the Securities and Exchange Commission last year in an effort to compel the regulator to act on a petition for rulemaking it filed in 2022. In that petition, it urged the SEC to provide clarity on the circumstances under which a digital asset is a security and create a new market structure framework that…

Bitcoin price extended losses and tested the $65,500 support zone. BTC is now consolidating and might aim for a fresh increase if it clears $66,500. Bitcoin tested the $65,500 level and is attempting a recovery wave. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $66,400 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start a fresh increase if it clears the $66,500 resistance zone. Bitcoin Price Revisits Support Bitcoin price extended losses below the $66,500 support zone.…

A “Diamond Hand” Ethereum (ETH) whale has suddenly emerged, transferring a massive 15,000 ETH token to a major exchange. Given the sheer size of the transaction, this whale has caught the attention of many Ethereum investors and the broader crypto community. Diamond Hand Whale Moves 15,000 ETH Tokens Spot On Chain, a blockchain analytics platform, revealed on September 22 in an X (formerly Twitter) post that an anonymous Diamond hand whale had transferred 15,000 ETH valued at $38.4 million from their wallet address “0x682” to Kraken, one of the world’s biggest crypto exchanges. A Diamond hand whale is a term…