Author: NBTC

The UK is expected to pass stablecoin regulations soon, with Circle’s global policy head, Dante Disparte, predicting that the laws could be introduced in “months, not years.” The United Kingdom’s regulatory approach has been slow, especially compared to the European Union, which has already implemented the Markets in Crypto Assets (MiCA) regulation, and Singapore, where stablecoin laws are already in place. Still, Disparte says this caution might have been a good thing, considering the high-profile collapses that shook the crypto industry in 2022. UK playing catch-up in crypto regulation Crypto has seen its share of crises, and stablecoins are now…

Mech shooter game MetalCore will migrate from Ethereum layer-2 gaming network Immutable zkEVM to Solana, developer Studio 369 announced Thursday. The move is set to take place alongside the start of the game’s second season set for sometime in November. Studio 369 cited Solana’s “exceptional” ability to process a large number of transactions and growing ecosystem as to why it’s making the move. “Solana continues to show impressive growth and stability, being able to process billions of dollars in transactions while maintaining 99.95% uptime,” Matt Candler, president and CEO of Studio 369, told Decrypt. He also cited Solana games like…

Japanese cryptocurrency exchange DMM Crypto has secured Neoclassic Capital, a Florida-based global investment firm, as its lead investor. DMM Crypto also partnered with Presto, a quantitative trading company. The investments will support DMM Crypto’s Seamoon Protocol, which aims to create a Web3 economic hub for businesses and creators. Bringing DMM Group’s IP Development Capabilities to Web3 Japanese cryptocurrency exchange DMM Crypto, a subsidiary of media and entertainment conglomerate DMM.com LLC, recently announced the coming on board of Neoclassic Capital, a global investment firm headquartered in Florida, as its lead investor. Additionally, the exchange has established a strategic partnership with quantitative…

The crypto market is in a recovery mode as Bitcoin has today rallied above $58,000 for the first time in September, marking a 4.8% gain within 24 hours. Despite surpassing $58K, this surge has sparked skepticism among traders. The market’s behavior highlights a tension between rising price momentum and trader expectations, as reflected in the funding rates on major exchanges like Binance and BitMEX. Traders Shorting Bitcoin Amid Comeback In a recent analysis, Santiment shared a chart showing that traders on Binance and BitMEX took substantial short positions during Bitcoin’s rally. The funding rates, depicted in red and green bars,…

In an interview with CoinDesk, Don Wilson slams the SEC’s crypto crackdown, drawing parallels to his past victory over the CFTC, another Gary Gensler-led regulatory agency The SEC’s stance toward crypto “reminds me of ‘Atlas Shrugged,'” Wilson said. “[If] everybody is breaking the law, they get to selectively harass whoever they want to.” Wilson thinks the SEC’s lack of clarity for crypto companies is intentional, not accidental. Don Wilson is feeling déjà vu. This month, the U.S. Securities and Exchange Commission sued Cumberland DRW, a division of DRW, the Chicago-based trading giant Wilson founded and runs. The markets regulator accused…

Crypto exchange Binance has ended its retail referral program in Turkey, just months after registering its services with the local regulator. Cryptocurrency exchange Binance is changing its operations in Turkey, announcing the termination of its referral program for retail customers to comply with local regulations just months after the exchange, along with other trading platforms registered its services with Turkey’s Capital Markets Board. In a Wednesday statement, on Oct. 23, Binance said that the move was necessary to comply “with the local law and regulation.” Despite the discontinuation of the referral program, the company reassured users that there would be…

Cryptocurrency trader and analyst Ali Martinez, famous for his frequently posted crypto price predictions on the X platform, has published a chart that shows a staggering Bitcoin sell-off as the leading digital currency made a price increase. As Bitcoin rose by 5.25% and reached the $57,520 zone earlier today, short-sellers, Martinez revealed, rushed to dump a massive 14,816 chunk of Bitcoin, selling it for almost $850,000 million. He tweeted to his X followers: “Short-term #Bitcoin holders seized the recent price jump to offload approximately 14,816 $BTC, valued at nearly $850 million!”, sharing data provided by CryptoQuant. Short-term #Bitcoin holders seized…

On September 23, the cryptocurrency market saw significant daily gains, with several tokens making impressive jumps in value. $STRDY is leading the charge in the crypto market. It surged by an impressive 120.5%, according to data from Phoenix, a crypto media outlet. This substantial increase highlights the growing interest in this particular token. DAILY GAINERS$STRDY +120.5% $CEL +38.3% $KILT +32.0% #VIRTUAL +26.7% $AIT +25.1% $PAAL +23.6% $ALT +17.4% $TAO +17.1% $ARKM +15.6% $REEF +15.4%#dailygainers pic.twitter.com/lSn2mV9umK — PHOENIX – Crypto News & Analytics (@pnxgrp) September 23, 2024 Following $STRDY, $CEL Jumps 38.3%, Reflecting Growing Investor Confidence After $STRDY, $CEL jumped by…

The Nigerian government officially dropped all charges against Tigran Gambaryan, a high-ranking executive at Binance Holdings, according to a recent report from Business Insider Africa. Gambaryan, a U.S. citizen and former IRS agent, had been detained since April on allegations of money laundering and operating an unlicensed financial institution. The charges were formally withdrawn by the Economic and Financial Crimes Commission (EFCC) during a session at the Federal High Court in Abuja. Background: The Arrest and Detention Gambaryan was arrested in February 2024 while visiting Nigeria to discuss regulatory matters concerning Binance. His arrest came alongside that of a colleague,…

Binance has announced that it will support the upcoming Viction (VIC) network upgrade and hard fork, scheduled to occur on October 29, 2024 at block height 86,158,494. Key Details: Suspension of Deposits and Withdrawals: Binance will suspend deposits and withdrawals of VIC tokens starting at 10:00 AM on October 29, 2024 to ensure a smooth transition. Network Upgrade Time: The upgrade is expected to occur around 11:00 AM. Post-Upgrade Tokenomics Changes: Increased Supply: The total token supply will increase from 100,000,000 to 210,000,000 tokens. Instant Circulation Increase: An additional 20,000,000 tokens will be added to the circulating supply immediately following…