Author: NBTC

Hong Kong is considering new regulations involving the SFC and C&ED for OTC virtual asset trading services. The city has introduced strict penalties for unlicensed crypto exchanges. According to an exclusive report from the South China Morning Post (SCMP), Hong Kong is considering involving the Securities and Futures Commission (SFC) and the Customs and Excise Department (C&ED) in regulating over-the-counter (OTC) virtual asset trading services. This initiative comes as the city grapples with the challenges of managing the crypto industry. Following this, in February, Hong Kong authorities proposed a stringent scheme to address the issue of unlicensed crypto asset exchange…

Bitcoin and Japanese stocks look to stabilize amid rate cut talks. Institutional investors sold spot ETFs Monday. Bitcoin (BTC) zoomed above $56,000 early Tuesday amid a broader market recovery in Asia as bargain hunters stepped in after Monday’s steep price slide. CoinGecko data shows that BTC added 6%, its highest 24-hour price increase since May, triggering a wider market recovery. Ether (ETH) and XRP (XRP) added 8%, BNB Chain’s BNB rose 12%, and Solana’s SOL surged as much as 16%. The broad-based CoinDesk 20 (CD20), a liquid index of the largest tokens by market capitalization minus stablecoins, jumped 7.26% and…

Shiba Inu could witness a resurgence of increased burns from Shibarium following the launch of the much-anticipated Shiba Inu burn portal. The Shiba Inu ecosystem team recently implemented the launch of the dedicated Shibarium burn portal, one of the most anticipated developments among SHIB community members. The Crypto Basic disclosed this in a report last week, spotlighting the excitement within the community. The Prospect of the Shiba Inu Burn Portal Notably, the ecosystem team called the recently launched burn portal ShibTorch, stressing that it was designed to ensure a portion of the base fee from each transaction on Shibarium goes…

The New York State Bar Association (NYSBA) comments on the SEC v. Ripple’s ruling on XRP, highlighting its potential implication on the broader crypto industry. The association provided insight into the summary judgment decision of the Ripple ruling in a “House of Delegates Materials” report. Although the NYSBA published the report in June, it gained prominence within the XRP community after famous crypto enthusiast WrathofKahneman brought it to attention. Expert Highlights NYSBA Interpretation of Ripple Verdict According to WrathofKahneman, the NYSBA interpreted the Ripple summary judgment to imply that XRP is not inherently a security. The association also sees the…

Polyhedra Network has recently announced its selection by BitGo for the security of cross-chain transfers. As per Polyhedra Network, BitGo has selected the Decentralized Verifiable Network to improve the protection of the cross-chain transactions of WBTC through LayerZero. The platform took to its official X account to provide details about the respective move. 🔒@BitGo has selected the Polyhedra DVN to secure cross-chain transfers of @WrappedBTC via @LayerZero_Core.Zero-knowledge adoption for asset interoperability continues to grow as projects prioritize security and trust-minimization, while prover efficiency gains, like those of… pic.twitter.com/Grp5IFnm8s — Polyhedra Network (@PolyhedraZK) September 10, 2024 Polyhedra’s Integration with BitGo Targets…

Republican presidential nominee Donald Trump reiterated his support for Bitcoin and crypto during an interview with popular live streamer Adin Ross on Aug. 5. The former President reaffirmed statements made during his recent keynote at the Bitcoin2024 conference, saying that the US needs to foster innovation in the digital asset sector. He further stated that the federal government should not attempt to sell its crypto holdings in response to speculation about the matter. Leadership role The discussion follows a significant transaction last week, in which a wallet identified as belonging to the US government transferred $2 billion worth of Bitcoin…

Shytoshi Kusama, the enigmatic leader of the Shiba Inu project, celebrates the first anniversary of Shibarium, the cryptocurrency L2 blockchain. According to the post, the Shiba Inu leader shared a “Happy Birthday” gif accompanied with the caption “#Shibarium.” The tweet is Kusama’s way of marking the first anniversary of Shibarium and celebrating the blockchain for achieving significant milestones just one year after its launch. Kusama tweeted in reaction to a post from Shibarium’s official X handle, celebrating the blockchain’s first anniversary. The X handle stated that the launch of Shibarium transitioned the dream of Shiba Inu’s pseudonymous founder, Ryoshi, into…

IQ GPT has commenced a new collaboration with LTO Network to facilitate the community. As per IQ GPT, the integration targets to enhance the utility of the LTO Network’s blockchain for its Community. The platform took to its official social media account on X to disclose the details of this integration. LTO Network integrates IQ GPT! 🔥@TheLTONetwork is a privacy-aware leased proof of stake (LPoS) Layer-1 blockchain for #RWAs, Data Security, & Identity Solutions.🔷LTO offers tokenization of RWAs (real-world assets) through their Ownables technology, enabling assets to be… pic.twitter.com/WeaUI9t3lz — IQ (@IQWIKI) September 10, 2024 LTO Network Collaborates with IQ…

Bitcoin has regained some of its losses from Sunday’s sharp sell-off that caught traders and market participants off guard, where the asset sunk to its lowest point in almost six months. The world’s largest crypto fell 20% from Saturday through Monday, extending a 6% dip on Friday that saw Bitcoin drop to as low as $49,200. It has since climbed to $55,600, CoinGecko data shows. While the broader market sank amid fears of a looming recession in the U.S., some analysts forecast Bitcoin’s price remaining steady as it stares down hurdles for the remainder of the year. Bitcoin faces fresh…

Crypto analyst Dan Gambardello sees a bullish signal forming for Cardano (ADA). In a recent video, he pointed out several indicators on ADA’s price charts, establishing reasons he thinks the altcoin is getting set for a significant bull run. CARDANO HOLDERS! Bullish ADA Signal Pending! (WATCH!)Intro: 00:00Cardano’s Upcoming Upgrade 00:30Bullish Divergence and Historical Context 02:00Short-Term Price Action and Resistance 05:00Macro Barriers and Future Projection 08:30Patience and Future Outlook 09:54 pic.twitter.com/Pkj6QjJtET — Dan Gambardello (@cryptorecruitr) August 23, 2024 Gambardello first noted a breakout on ADA’s weekly chart with a “meaningful” target. He believes a massive rally is possible for ADA, despite…