Author: NBTC

Switzerland’s relaxed regulatory stance on digital assets is positioning the nation as a thriving crypto hub, potentially rivaling the traditional dominance of the United States. Data reveals a significant influx of investments into Swiss-based crypto investment products. The nation has seen a robust inflow of $81.3 million over the month-to-date (MTD), contributing to a year-to-date (YTD) total of $219 million. This surge places Switzerland as the third-largest recipient of crypto investment product inflows globally, following closely behind the United States and Canada. Source- CoinShares Switzerland’s crypto-friendly environment, characterized by regulatory clarity, welcoming banks, and a robust infrastructure, has attracted a…

OKX, a prominent player in the cryptocurrency exchange and Web3 technology sector, has officially selected Malta as its strategic hub to align with the Markets in Crypto-Assets (MiCA) regulations of the European Union.  This decision underscores the company’s commitment to adhering to the stringent regulatory frameworks required within the EU. Malta, known for its rigorous regulatory environment, was deemed the perfect match for OKX’s operational standards and existing infrastructure. According to a recent press release from OKX, the choice of Malta is rooted in the country’s high regulatory standards and the exchange’s already significant presence there. OKX has operated under…

Today, Glacier Network has announced a new partnership with Talus Network. Talus Network is an AI smart agent hub. It is known for providing on-chain solutions with speed, security, and liquidity. The collaboration between these two networks aims to enhance secure data sharing, ownership, and fair monetization through the use of smart agent technology. Thrilled to announce an integration partnership with @TalusNetwork Talus is building the universal deployment engine for AI Smart AgentsBy connecting with Glacier VectorDB, Talus will expand dataset supply and utilize AI data assets in a trustless wayhttps://t.co/zSjaX76spR — Glacier Network 🧊 (@Glacier_Labs) July 16, 2024 Talus…

A widely followed economist believes several catalysts on the horizon could give Bitcoin (BTC) a massive shot in the arm. Economist Alex Krüger tells his 176,300 followers on the social media platform X that Bitcoin broke below its $60,000 psychological support as fears surrounding sell pressure from the German government and Mt. Gox repayments grip the crypto market. Krüger says that while the sell pressure from Mt. Gox creditors and the German government will keep crypto jittery in the next few months, he names five catalysts that he believes will trigger renewed rallies toward the end of the year. “These…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! Today we’re diving into crypto pop-up villages, which reminded me of one of my favorite unused quotes from reporting a story. One attendee at a pop-up village I was covering told me that he sees the movement as a crypto-native way of “engineering” a solution to loneliness, since that’s developers’ favored means of problem-solving. Have you been to a crypto pop-up village? Do you agree/disagree? Shoot us an email here. That being said: Forma bringing Solana’s internet economy…

FLOKI AND WIF are up as much as 8% since the start of Asian trading hours. GameStop stock rallies have often preceded a rise in crypto meme coins. Several dog-themed tokens started to move higher Tuesday as stocks of video game retailer GameStop (NYSE: GME) surged over 19% in pre-market trading. Floki (FLOKI) and dogwifhat (WIF), two tokens on the Ethereum and Solana blockchains, were respectively up as much as 8% since the start of Asian trading hours. Dogecoin (DOGE) rose 2% in the past four hours, while Solana-based bonk (BONK) was up 5.5%. Meme tokens tend to mirror movements…

Hong Kong’s Financial Services and the Treasury Bureau (FSTB) announced its upcoming release of the stablecoin consultation report results. This move is part of the region’s effort to draft legislative proposals aimed at regulating stablecoin issuers. The consultation, which began in December, seeks to establish a clear regulatory framework for the stablecoin industry. The FSTB and the Hong Kong Monetary Authority (HKMA), the de facto central bank, have proposed that all fiat-referenced stablecoin issuers be required to obtain a license from the HKMA. This proposal would ensure that only licensed stablecoin issuers, authorized institutions such as banks, licensed corporations, and…

Today, Pundi X, a major global blockchain developer, has introduced a cutting-edge cryptocurrency payment solution for retailers called Pundi X Pay. With the Omni QR code payment layer, this cutting-edge solution will revolutionize the landscape of cryptocurrency transactions in physical stores. It will simplify accepting cryptocurrency payments for both users and retailers. Pundi X is a blockchain platform that has set its sights on bringing cryptocurrencies into the mainstream. It aims to address the limitations of many cryptocurrencies. It does this by focusing on making crypto more useful in daily life and boosting its mainstream use. Pundi X is an…

Chainlink, a universal forum for financial institutions and builders to communicate across the chains, has announced an exclusive development. As per the firm, Moonwell, a Base-based open app for borrowing and lending, has integrated Chainlink Price Feeds, to get assistance in providing a secure lending and borrowing experience. The platform took to its official social media account on X to disclose this endeavor. .@MoonwellDeFi has integrated #Chainlink Price Feeds to help secure borrowing and lending across @base, @MoonbeamNetwork, and @MoonriverNW.Chainlink’s safety-critical infrastructure significantly enhances the Moonwell user experience. pic.twitter.com/F0o1mYhlTS — Chainlink (@chainlink) July 16, 2024 Moonwell Integrates Chainlink Price Feeds…

The hype is being separated from the reality when it comes to retail central bank digital currencies (CBDCs) in Asia, and adoption is underwhelming. Nearly five years after China launched its first digital renminbi (e-CNY) trials, only two other Asian countries actually have a functioning retail CBDC: India and Cambodia. Elsewhere in the region, various pilots are being conducted that may or may not lead to digital fiat currencies being launched in Japan, Korea and various Southeast Asian countries. These countries are hedging their bets and closely watching the early adopters as they weigh their options. Who Needs The Digital…