Author: NBTC

The new CEO of OKX Singapore says getting a custodian bank was the most important, and most challenging part of obtaining a license from the Monetary Authority of Singapore. Singapore crypto traders are HODLers she also said, preferring to buy-and-hold instead of trade actively. The Monetary Authority of Singapore’s crypto licensing regime is considered one of Asia’s gold standards, and getting a Major Payment Institution (MPI) isn’t meant to be easy. In a recent interview with CoinDesk, OKX Singapore’s new CEO, Gracie Lin, whom the exchange recently hired from Grab, talked about the exchange’s journey in getting this license –…

peaq, the layer-1 blockchain for DePIN and Machine RWAs, shares the details of the integration of LayerZero, an industry-leading omnichain interoperability protocol for EVM blockchains. peaq, LayerZero start multi-blockchain collaboration Ahead of its full-stack public launch, DePIN-centric layer-1 blockchain peaq has entered into a strategic collaboration with LayerZero, the largest interchain ecosystem providing access to 80+ blockchains of various types. It empowers DePINs on peaq to seamlessly connect with and access liquidity across all supported blockchains, granting them unmatched presence and access across all of entire Web3. This access will be crucial for fostering growth, exploring cross-ecosystem synergies and collaborations…

Renowned Bitcoin maximalist and JAN3 chief executive officer Samson Mow has taken to the X social media platform (formerly known as Twitter) to reveal his bullish take on the plans of the US government recently voiced by pro-Bitcoin senator Cynthia Lummis to buy a whopping 1 million BTC and make strategic reserves of the world’s flagship cryptocurrency. Are future US Bitcoin reserves priced in? Mow shares take Mow believes that these potential Bitcoin reserves will not slow down Bitcoin price from growing, perhaps even reaching $1 million. The boss of the JAN3 company focused on helping nation-states to adopt BTC…

According to the analytics account on the X social media platform @spotonchain, the Ethereum Foundation continues to sell substantial lumps of Ethereum. Ethereum Foundation dumps more ETH Less than an hour ago, this entity sold another 300 ETH coins, exchanging them for 763,092 DAI stablecoins. This is the equivalent of $707,328 in fiat. The Ethereum Foundation sold 100 $ETH for 226,868 $DAI again ~ 1 hour ago.Note that the Ethereum Foundation has consistently sold $ETH in small batches weekly for the past 3 weeks, totaling 650 $ETH ($1.51M) at ~$2,323.Follow @spotonchain for more updates on the… https://t.co/CZ4fVly2RO pic.twitter.com/IbnR1lkPUr — Spot…

The Asia-Pacific region is expected to lead global growth in family office wealth, Manana Samuseva, founder of FOIS, told CoinDesk. New ventures poised to enter the token markets are seeing valuations set exceptionally high by venture capitalists. This trend is making liquid token investments increasingly attractive, Delta Blockchain Fund’s Kavita Gupta said. Polymath’s Trevor Koverko proposed “label to earn.” Future lies in building the creator economy and leveraging user-generated content, Rhinocorn Ventures’s Casey Grooms said while discussing gaming. Family offices managing at least $100 million are increasingly looking toward liquid token investments, artificial intelligence (AI), and gaming as part of…

Widely followed crypto pundit “Max Prime” has boldly asserted that XRP is the greatest scam in the crypto scene, citing its failure to ascend in the face of crucial events. The commentator shared this opinion in a recent post on X. He criticized XRP’s price movements following significant events that should have bolstered its much-anticipated rise but did not. XRP Unexpected Performance After Ripple Lawsuit Victory Max Prime first pointed to the conclusion of the multi-year lawsuit that had threatened the existence of both XRP and Ripple. Despite the lawsuit’s resolution, XRP’s price failed to reflect the significance of the…

The United Nations Artificial Intelligence advisory body has released its final report, outlining seven key recommendations to address AI-related risks and governance gaps. The report was released on Thursday and will be presented at a U.N. summit in September. The 39-member body appointed by the UN last year has suggested the establishment of a global body to offer objective and credible scientific information on AI. This panel would help to equalize the state of information between the AI developers and the rest of the population by providing a comprehensive view of the subject and its developments. Advisory body warns of…

Binance, one of the world’s largest cryptocurrency exchanges, recently found itself at the center of controversy after listing a large number of memecoins. In response to criticism from the crypto community, Binance co-founder He Yi published an in-depth article detailing the platform’s listing process and addressing concerns raised by users. In the article, He Yi explained that Binance’s listing process involves a four-step procedure: business development, research team evaluation, committee review, and compliance audit. He also expressed ongoing discussions about Binance’s listing decisions and the community’s concerns about the platform’s recent direction: “Recently, there has been a heated debate in…

RedStone, a modular blockchain oracle provider, announced today it is bringing its oracle solutions to the TON blockchain. With this move, RedStone becomes the first oracle provider to integrate data feeds into TON, the team said. Oracles play a key role in enabling smart contracts to access external data that is not inherently available on the blockchain, such as real-time asset prices. The integration of RedStone’s oracle data feeds will provide reliable, real-time data to TON’s DeFi ecosystem, ultimately fostering the building of complex financial protocols, according to RedStone. The team said that integrating with TON requires overcoming its unique…

As United States Senator Cynthia Lummis presented the official Strategic Bitcoin Reserve bill, which, among other objectives, aims to boost transparency in the Federal government’s management of its Bitcoin (BTC) holdings, its adoption might impact the price of the maiden cryptocurrency. As it happens, days after suggesting the adoption of a strategic Bitcoin reserve as backing for the U.S. dollar (USD), Lummis presented the ‘Boosting Innovation, Technology, and Competitiveness through Optimized Investment Nationwide’ or the ‘BITCOIN Act of 2024’, in the U.S. Senate on July 31. Indeed, according to the text of the Wyoming Republican Senator’s suggested legislation, its goal…