Author: NBTC

Telegram has recently removed its crypto wallet service in France, a move that has attracted a lot of attention in the context of the legal issues involving its founder, Pavel Durov. This event is part of a broader picture of regulatory and legal challenges, culminating in the arrest of Durov on August 24, 2024, in Paris. The arrest of Durov shocked the tech community and the cryptocurrency community, especially because Telegram is one of the most used platforms for cryptocurrency transactions, as well as being a pillar for encrypted messaging​ The connection between Telegram’s crypto wallet service in France and…

September is historically one of the worst months for Bitcoin (BTC) and the cryptocurrency market. This year, however, the oldest digital asset bucked the trend, rising by over 7% and defending the psychological level of $60,000. The lack of a clear direction for another consecutive month caused investor activity to decline significantly, and with it, the volumes of the top 10 largest crypto exchanges. On average, they shrank by 20%. According to the latest analysis by Finance Magnates Intelligence, the total spot volume for the 10 largest centralized exchanges in September was $715 billion, falling by one-fifth from the level…

In a recent interview with Mark Jeffery, mathematician Fred Krueger shared his view on Bitcoin, seeing it as a revolutionary force unlike the broader cryptocurrency market. He believes Bitcoin will not only survive but eventually replace the current financial system. “There’s very little chance that Bitcoin doesn’t 10x from here. From an investment standpoint, I think Bitcoin is going to be the best opportunity. Of course, prices can go down, and you need nerves of steel to handle Bitcoin, but the potential for it to 10x is there, and it has no competition,” he said. Bitcoin–A Smarter Choice? According to…

Securitize, a real-world asset tokenization firm, announced on Tuesday the launch of conversions between Circle’s stablecoin and U.S. dollars for BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL). The integration aims to reduce investment costs and ease the subscription process for traditional finance players investing in BUIDL, Securitize said in a statement. The firm issues BUIDL tokens on the Ethereum blockchain in collaboration with BlackRock. Zero Hash, a blockchain infrastructure company, will facilitate the conversion between dollars and digital assets for the service, per the statement. “This integration allows digital asset companies to remain on-chain throughout the entire investment lifecycle, enabling…

In the ongoing legal battle between Ripple and the U.S. Securities and Exchange Commission (SEC), a new perspective has emerged regarding the SEC’s stance on XRP. A former SEC attorney has predicted the SEC will likely appeal the July 2023 court ruling, which declared XRP’s secondary sales as non-securities. The SEC must file an appeal by October 7, 2023. The court previously fined Ripple $125 million for violating securities regulations, though this amount is significantly less than what the SEC initially requested. XRP Price Analysis By Cheeky Crypto: Support and Resistance: XRP is finding support around the 200-hour EMA and…

Binance, the leading cryptocurrency platform, has released an overview of global stablecoin regulation, as revealed to Finbold on Tuesday, October 15. The current state of stablecoin regulation Meant to maintain stable value by being pegged to traditional currencies and assets, stablecoins are gaining traction worldwide. Consequently, regulatory landscapes are evolving rapidly across major jurisdictions such as the US, EU, Singapore, and Dubai, which seek to ensure both innovation and consumer protection. Key events, like Facebook’s Libra project (later rebranded as Diem) in 2019 and the plummet of TerraUSD in 2022, have accelerated regulatory action against stablecoins. Libra’s potential impact on…

Binance has announced that it will be expanding its spot trading offerings with the launch of two new trading pairs and additional trading bot services on October 16, 2024, at 11:00 AM ET. Binance to Launch New Trading Pairs and Trading Bot Services New Trading Pairs The two new trading pairs that will go live are: SUI/BRL (Sui / Brazilian Real) TURBO/TRY (Turbo / Turkish Lira) These additions aim to provide Binance users with a wider range of trading options and meet the demand for digital assets paired with fiat currencies. It is important to note that BRL and TRY…

Phlomis Finance is getting ready to transform the tokenization of real-world assets (RWAs) by taking advantage of Chromia’s blockchain infrastructure, specifically its custom-built Chromia Real World Assets Protocol (CRWA). The project is incubated by Swedish blockchain company ChromaWay, and one of its main goals is to unlock access to institutional-grade assets that are usually only reserved for established financial institutions. By tokenizing assets like global infrastructure projects, climate-focused initiatives, and private credit offerings, Phlomis will connect crypto investors to large-scale financial instruments. This strategy will promote what is called “resilient investing” by providing access to leading funds in both Europe…

Hamster Kombat (HMSTR) dominated crypto trends over the past months as one of the most followed blockchain projects of 2024. While the team unveiled a lucrative roadmap to retain the initial investor excitement, the altcoin saw a sharp decline after its much-anticipated airdrop and official listing on Thursday, 26 September. HMSTR price saw a swift decline of over 40% within the past day amid increased selling momentum as many airdrop recipients offload their coins. The altcoin consolidates at $0.0068 after sliding from $0.009095. Meanwhile, Hamster Kombat’s price movements within a day of going live have raised worries about its long-term…

TikTok has been accused of operating as an unlicensed crypto exchange in the UK in a letter sent to the country’s Financial Conduct Authority (FCA) by a former compliance consultant for a leading private bank. As reported by Financial News, the letter claims that TikTok’s virtual currency can be indirectly exchanged for fiat through the platform’s reward system. As a result, it says the social media giant should be placed under the FCA’s anti-money laundering and terrorist regulations. “TikTok via its rewards programme is facilitating money transmission to [money service businesses] and exchanging, or arranging or making arrangements with a…