Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Dubai’s virtual asset regulator issues alert against XT.com and six other crypto entities

LegalDec 8

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued alerts for seven crypto entities claiming to be registered and licensed in Dubai. The entities include, Koto Crypto, Finchain, Crypto Force, Coin Cashy, BTC Bay, XT.com, and Stabit. The first entity, Koto Crypto based out of DMCC (Dubai Multi Commodities Center) which claims to be registered in DMCC Dubai, is carrying out non regulated virtual asset activities operating without a proper license. Based on press releases from Koto Crypto, they have been operating in Dubai as an OTC Crypto provider since 2023. As per the notice, “Any activities related to virtual assets…

Litentry Partners with Orange Web3 to Boost Identity Solutions

BlockchainDec 8

Litentry has partnered with Orange Web3, a significant move for both platforms. This partnership was announced via Litentry’s official X account. Orange Web3 is an EVM-compatible Layer 1 blockchain. It focuses on User Generated Content (UGC) tools, specifically for Gaming, AI, and the Metaverse. Thrilled to team up with @orange_web3! 🎉 Orange Web3 is a cutting-edge platform and EVM Layer 1 blockchain designed to revolutionize User Generated Content tools for the web3 ecosystem. Ready to level up with us? Dive into our TON mini app today: 👉https://t.co/rFSwLtarzF… pic.twitter.com/TT56ldBCzh — Litentry (@litentry) December 4, 2024 Orange Web3 Collaboration with Litentry Aims…

Samara Asset Group Plans up to $32.8M Bond to Expand Bitcoin Holdings

BitcoinDec 8

The bond proceeds will fund acquisitions in alternative investment funds and increase Samara's bitcoin position. The 30 million euro ($32.78 million) bond will be listed on both the Oslo and Frankfurt stock exchanges with a minimum subscription of $109,000. Listed-investment firm Samara Asset Group (SRAG) will issue an up to 30 million euro ($32.78 million) bond to buy bitcoin (BTC). Samara has mandated Pareto Securities as the sole manager to organize multiple fixed-income investor meetings. The bond would be a senior secured Nordic bond and the proceeds will be used to expand Samara's diversified portfolio, which includes buying additional stakes…

MYRIAD, Pudgy Penguins Team Up to ‘Predict the Future’

NFTDec 8

Decrypt and Rug Radio’s newly launched MYRIAD digital media ecosystem is kicking things off in style with its first Community Contest, in partnership with NFT collection Pudgy Penguins. Prizes in the contest include two Lil’ Pudgys NFTs awarded in a raffle, along with 50 Faces of Web3 NFTs for the top traders and top predictors on the MYRIAD platform. “We’re thrilled to be teaming up with the iconic Pudgy Penguins collection for our inaugural MYRIAD Community Contest,” said Ilan Hazan, Co-Founder and COO at Decrypt and Rug Radio’s parent company DASTAN. “Pudgy Penguins was Decrypt’s 2023 NFT Project of the…

Stacks Activating Nakamoto Upgrade In 8 Days, Will STX Break $2?

AltcoinsDec 8

Stacks Network, the Bitcoin layer-2, is one of the largest DeFi protocols on the world’s most secure platform. DeFiLlama says the platform manages over $109 million worth of assets. It continues to expand and improve as decentralized financial services find traction. Stacks Network Activating Nakamoto On October 29 Over five years after launching, the network is preparing for one of its most important upgrades: Nakamoto. Analysts and platform supporters claim this update would have far-reaching implications, especially for its ecosystem. The team said the latest update would go live on October 29. Most importantly, the transition will introduce features that…

Missouri Senate introduces bill to disqualify CBDCs as legal tender

LegalDec 8

The Missouri Senate introduced SB 194 on Dec. 1, proposing to ban central bank digital currencies (CBDCs) as legal tender within the state. The bill seeks to prohibit public entities from accepting or using CBDCs and modifies the definition of “money” under the Uniform Commercial Code to exclude these digital currencies. Sponsored by Senator Brattin, SB 194 outlines several provisions affecting Missouri’s financial policies, including the requirement for the State Treasurer to hold gold and silver reserves equal to at least 1% of all state funds. Further, it also reduces tax liability for gold and silver as it “exempts from…

Phantom Wallet expands to Sui network in pursuit of multichain dominance

BlockchainDec 8

Phantom Wallet has expanded support to the Sui network as part of its move toward becoming a multichain wallet. Phantom Wallet, initially known as a Solana-exclusive wallet, has now evolved into a multichain platform, expanding beyond Solana, Bitcoin, Ethereum, and Polygon to now include Sui. “The integration of Phantom Wallet with Sui represents a giant leap for the Sui ecosystem,” said Jameel Khalfan, Global Head of Ecosystem at the Sui Foundation. “Phantom Wallet is selective about which chains they support, and we are proud to now be included among this notable group.” The expansion comes as Sui’s value has increased…

Where is BTC Headed This Week Following the Test of $64K?

BitcoinDec 8

Will crypto markets experience another week of low volatility and inactivity, or is Bitcoin about to break out and kick off “Uptober”? On Oct. 14, analyst CrypNuevo told his 117,000 X followers that the week ahead should be good for price action. “We’ve seen aggressive moves in both directions, and they are being retraced,” he said before predicting that BTC will move higher this week. Up or Down This Week? The analyst highlighted a liquidation cluster to the upside between $63.5K and $65K, noting that there could be a possible shakeout first, especially at the start of the week, “but…

What’s New in DePin? Chirp Celebrates 2 Years, MapMetrics Improves Navigation, CVPad Launches Privasea Node Sale

AltcoinsDec 7

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s the latest in the DePin sector: Chirp celebrated two full years of operation and announced its game launch next week, MapMetrics released quality-of-life improvements for its navigation app, and Privasea is conducting a node sale with CVPad. Chirp Celebrates Two Years Chirp, the DePin network and IoT ecosystem, celebrated its second birthday on October 18. The firm’s announcement described 2022 and 2023 as years of fundamental construction: laying foundations, building partnerships, and beginning to expand its fledgling network. 2024, however, has been a…

Missouri introduces bill to ban CBDCs, improve gold reserves

LegalDec 7

The Missouri Senate has introduced a bill to prohibit central bank digital currencies as legal tender while encouraging the state to hold more of its reserves in gold and silver. Known as SB 194, the legislation was filed on December 1 and is sponsored by Senator Rick Brattin. The bill aims to block public entities from accepting or participating in CBDC programs. It also mandates that the State Treasurer hold at least 1% of state funds in physical gold and silver. An exemption on capital gains taxes further incentivizes these metals. CBDCs are digital currencies issued by central banks, such…