Author: NBTC

Michael Chobanyan, founder of KUNA, claims Ukraine’s central bank has effectively “killed” the local cryptocurrency market, prompting him to shift his focus to Europe. According to Michael Chobanyan, founder of the KUNA crypto exchange, the crypto market in Ukraine is dead rather than alive. In an interview with Ukrainian news media Delo.ua, Chobanyan blames the National Bank of Ukraine for effectively “killing” the local crypto market. He criticized the central bank’s restrictive policies, which he claims have devastated the industry. The founder described the current state of the Ukrainian crypto market as devastating, attributing the decline to the national bank’s…

Bitcoin is poised to cement its reputation as digital gold, some analysts say, but that rally could come at a significant cost to the U.S. economy. A weakening U.S. dollar could be a catalyst for Bitcoin to reach new all-time highs, according to Zach Pandl, Managing Director of Research at Grayscale Investments. Pandl sees the U.S. dollar on the verge of a significant decline. “There are long-term macro trends that will play out regardless of who takes the White House in November,” he said, referring to the presidential race between Vice President Kamala Harris and former President Donald Trump. Pandl,…

Ethereum now has 34M ETH staked with 1.06M active validators, showing continued growth and strong participation in the network’s PoS model. Ethereum has seen a steady increase in the amount of staked ETH on its network, recently reaching 34,015,088 ETH, according to recent data. Notably, there are 1,062,985 active validators spread across the network, each contributing to maintaining Ethereum’s decentralized system. The average balance per validator stands at 32.06 ETH, which meets the minimum threshold for staking. The consistent upward trend in staked ETH, visualized by a gradual slope in the data, indicates strong participation from stakeholders. Notably, this growth…

Charles Hoskinson endorses Swiss bank Post Finance for adding Cardano and other cryptocurrencies to its trading and custody services, sparking mixed reactions. Charles Hoskinson, founder of Cardano, recently endorsed Post Finance, a Swiss government-owned bank, on social media. He highlighted Post Finance’s early support during his Ethereum days and their recent expansion of cryptocurrency services to include Avalanche, Cardano, Polkadot, XRP, and Solana for trading and custody. Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with. https://t.co/w9jCTXDeeH — Charles Hoskinson (@IOHK_Charles) July 1, 2024…

The International Capital Market Association (ICMA), a not-for-profit global trade association for participants in the cross-border debt capital markets, has published a digital assets annex for its Global Master Repurchase Agreement (GMRA). The Annex was prepared as part of a joint project between ICMA and the International Securities Lending Association (ISLA) to promote consistency in the legal terms used when trading certain digital assets under the GMRA. The GMRA is a standard legal contract used worldwide for repurchase (repo) agreements, where one party sells securities to another with an agreement to repurchase them later, usually for a slightly higher amount…

When a new Layer-1 blockchain emerges on the scene with a promising new architecture that either improves scalability, security, decentralization or simply provides newer features for a specific segment of the Web3 industry, the result is almost always the same. The price of its native cryptocurrency token rockets as interest in the new project spreads like wildfire. —But just as inevitable as this explosion of optimism in any new blockchain with a fundamentally solid architecture, is its subsequent decline once that interest begins to wane. In this way, blockchain is no different to any other industry, in which periods of…

Bitcoin’s price is falling even as stock markets show gains as investors focus on Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium. The event is expected to bring increased volatility for the cryptocurrency, according to BRN analyst Valentin Fournier. “As the market awaits the announcement from the Fed at the Jackson Hole Symposium and the release of macroeconomic indicators, Bitcoin volatility could increase in the coming days or weeks,” Fournier said. He pointed to a noticeable increase in open interest in bitcoin futures as evidence of rising investor expectations. “The increase in open interest could be linked…

Popular blockchain sleuth Whale Alert has reported that approximately two hours ago an ancient pre-mine Ethereum wallet came back to life after almost 10 years of staying dormant. This blockchain address contains more than $5 million worth of Ethereum. Dormant ETH wallet kicked back to life The aforementioned cryptocurrency wallet was reactivated after 9.1 years (last time it was used in 2014, the year of Ethereum ICO) and it is full of ETH – 2,000 coins currently worth an impressive $5,476,804. Back in 2014, this amount of Ethereum was evaluated at $620 as ETH was worth $0.31. 💤 A dormant…

Charles Hoskinson, the founder of Cardano, addressed recent rumors about the anticipated Chang hard fork. Contrary to circulating claims, Hoskinson clarified that the hard fork was never scheduled for June. Instead, he explained that a fork-ready node is available, and the next step requires 70% of stake pool operators to test and update their systems, which typically takes about a month. Indeed, in a previous communication, Hoskinson outlined that in June, the Cardano node would reach the necessary version, making it ready for the Chang hard fork. I never said June. That’s a misquote. A fork-ready Node is ready and…

The Seoul Southern District Prosecutors’ Office is looking into a police officer accused of taking bribes in connection with crypto cases. The investigation, handled by the office’s Virtual Asset Crime Joint Investigation Unit, focuses on claims that the officer accepted money and favors while working on virtual asset cases at the Gangnam Police Station in Seoul. This raises questions about potential corruption within the police force, especially in cases involving cryptocurrencies. On August 23, authorities searched the Gangnam Police Station where the accused officer is stationed. The Seoul Southern District Prosecutors’ Office, led by Chief Park, oversaw the operation. Investigators…