Author: NBTC
According to a report published by Finbold, it has been claimed that the European Union (EU) has banned the use of anonymous self-custody cryptocurrency wallets for cryptocurrency payments of any size. Patrick Hansen, Strategy and Policy Director of stablecoin company Circle, explained that self-storage wallets are not banned under the new law. Payments to and from self-custody wallets are also not prohibited, and practices such as peer-to-peer (P2P) transfers, self-custody software and hardware wallets are expressly excluded from the Anti-Money Laundering Regulation (AMLR), according to Hansen. However, Hansen noted that, for example, paying merchants with crypto from a self-custodial wallet…
KuCoin CEO Johnny Lyu has reacted to the growing messages of fear, uncertainty, and doubt (FUD) circulating in the community amid the recent charges filed against the prominent exchange by the U.S. government. Lyu emphasized that such regulatory action is not unique to KuCoin but is widespread in the crypto scene. “The challenge we’re facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries,” the KuCoin CEO remarked. The challenge we’re facing is not unique to KuCoin but rather typical growth and regulatory issues encountered by emerging industries. Early-stage development often sees regulatory…
With the market dip taking a different toll on different digital currencies, Dogecoin (DOGE) appears to be plotting a strategic way to sustain its current bullish recovery. The digital currency is changing hands for $0.1356, up by 7.19% in the past 24 hours, per data from CoinMarketCap. Current whale volume data from IntoTheBlock (ITB) shows renewed interest that can spark DOGE’s parabolic run in the midterm. Dogecoin whales back in full swing With the latest bouts of liquidations, the crypto market has suffered and the Dogecoin price has plunged as low as $0.12, with a 21.23% slump in the trailing…
A flurry of claims about an EU-wide ban on anonymous crypto wallets and transactions has been debunked by industry expert Patrick Hansen. In a lengthy thread on the X social media network, Hansen has explained what the EU’s Anti Money Laundering Regulation (AMLR) actually entails for the industry. Understanding the AMLR’s reach The AMLR, contrary to widespread belief, does not single out cryptocurrency regulations. Instead, it serves as a broad anti-money laundering and counter-terrorism financing (AML/CFT) framework applicable to a range of institutions deemed “obliged entities” (OEs). These entities span financial sectors, including crypto-asset service providers (CASPs). They also extend…
SIX-listed TONN will offer investors staking rewards without having to set up their own node. TON is the native token of The Open Network, which is the blockchain of choice for Telegram’s Web3 infrastructure. Telegram started work on TON in 2018, later abandoning it following action from the SEC. Crypto asset manager 21Shares listed an exchange-traded product (ETP) for staking toncoin (TON), the token of The Open Network, which has received endorsement of messaging app Telegram. The 21Shares Toncoin Staking ETP (TONN), which listed on Swiss SIX Exchange on Wednesday, will offer investors staking rewards without the hassle of setting…
In a significant development for the Shiba Inu token market, data from Arkham Intelligence has unveiled the emergence of a mysterious new investor. Today, an undisclosed entity made a substantial purchase, acquiring 332.665 billion SHIB tokens, totaling approximately $8.62 million at the current token price of $0.0000257. The transaction, attributed to the address “0x7976,” unfolded over the course of the last five hours in two sizable tranches. The first one, containing 320.99 billion SHIB, originated from another anonymous address, “0x1de7,” which is now empty of Shiba Inu tokens. Following this, a secondary transfer of 11.676 billion SHIB, valued at nearly…
The Russian Ministry of Finance says it wants to settle its long-standing crypto policy differences with the nation’s Central Bank. According to the media outlet RBC, Finance Minister Anton Siluanov said he was “sure” his ministry and the bank would soon “come to an agreement” on crypto regulation-related matters. Russian Central Bank Eager to Break Crypto Impasse? Speaking at an event held at a state-run financial university, Siluanov said: “I am sure that [the ministry] and the Central Bank will come to an agreement. This issue has been discussed for several years. We cannot prohibit the circulation of cryptocurrencies. Therefore,…
Crypto exchange OKX encountered a major technical glitch that led to display errors in account balances. The incident confused users, with some accounts showing zero balances while others inexplicably soared to tens of millions of dollars. The problem affected thousands of users across various regions, including Singapore, the United Kingdom, and Japan. OKX has since resolved the issue, assuring users of the platform’s integrity and the safety of their assets. A user’s message on OKX’s Telegram channel The exchange’s Rest API crashed. Representational State Transfer APIs allow developers to connect to external services and access or manipulate resources using standard…
Solana is having a moment, and it’s largely related to the frenzy of meme coin trading suddenly taking place – in tokens built around images of dogs and sloths, general ridiculousness and even the very concept of memes themselves. Users have complained and posted screenshots of transactions failing to go through. Solana Labs CEO Anatoly Yakovenko says he thinks meme coin trading is “bizarre,” though he said the episode has provided a welcome stress test for the fast-growing network. The Solana blockchain is in the midst of what some might call a renaissance, its SOL token rebounding almost entirely from…
The mainstream opinion says that crypto will change gaming forever, and GameFi will bring a billion users to Web3. But the reality is harsher; still, there is no genuinely mainstream Web3 game where users come to play, not to make money, and stay for a while. Let’s break down why this is the case and how soon that will change. Key takeaways: Play-2-Earn games are popular among users, who essentially view these games as a form of labor today, not as an entertainment. This leads to failures in the long run. The core user base of all balanced and sustainable…