Author: NBTC

Hong Kong’s regulators published the conclusions from their consultation on a stablecoin regime. The next step is to prepare a bill for the Legislative Council. Hong Kong’s financial regulators said they plan to present a bill on fiat-referenced stablecoins to the Legislative Council later this year. The Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) published the results of a consultation, and concluded that the stablecoin regime would “primarily focus on representations of value which rest on ledgers that are operated in a decentralised manner” in which “no person has the unilateral authority to…

While Bitcoin has been exhibiting sudden rise and fall movements in recent days, options traders expect downward pressure to continue amid its recent correction. According to The Block, ETC Group analysts, citing Deribit data, said that there was an increase in the selling positions of option investors. According to analysts, this indicates that option traders are looking for protection against further declines following the recent correction in BTC. Analysts stated that the buy-sell ratio for Bitcoin option open positions rose above 1 before the weekly expiration date on July 12, indicating a bearish market. “The put-call ratio for bitcoin options…

Howdy! A member of the Kardashian orbit is on a social media blitz to promote her Solana memecoin, and it’s not even big enough news to justify running as today’s lead news item. It’s a bull market for cryptos — and for interesting things to write about in newsletters. Solana validators take aim at side deals On Monday, Solana validators voted in favor of a proposal that would send 100% of priority fees to validators, a change from the status quo of sending half and burning half. The rationale for such a move was partly that these priority fees —…

The Financial Conduct Authority (FCA) has significantly expanded its cryptocurrency workforce to over 100 staff members, yet its policy team remains understaffed, according to data obtained by blockchain finance provider Quant through a Freedom of Information request. The FCA now employs 109 staff dedicated to crypto assets, a huge increase from just 9 in 2019. However, only 18 of these employees work in the policy department, responsible for drafting and implementing market regulations. The data reveals that most of the FCA’s crypto workforce is split between authorization (31 staff) and supervision (31 staff), focusing on granting regulatory permissions and monitoring…

The debate of 2024 has been about scaling bitcoin self-custody versus ossification, with the presupposition that an ossified bitcoin protocol as it is today is imperfect – but its sound monetary properties alone are enough to change the world for the better, so changes would introduce unacceptable risk. This article will discuss why in fact NOT scaling bitcoin also puts those same monetary properties at direct risk. Trying to give a neutral overview, the pro-change arguments are about increasing transaction throughput in a way that doesn’t burden nodes (unlike a block size increase). Various proposals exist for tactical extensions to…

In a move poised to significantly advance the integration of artificial intelligence with blockchain technology, the NEAR Foundation has announced a substantial support measure for NEAT Protocol, a specialized rollup solution for AI applications on the NEAR platform. The foundation has delegated 1 million $NEAR tokens to NEAT, with the intent to redistribute all token rewards from this delegation to $NEAT stakers, promising an attractive annual percentage yield (APY) of 120-200%. This initiative is part of a broader effort by the NEAR Foundation to nurture AI and blockchain collaborations within its ecosystem, setting a precedent for future projects. Innovative Solutions…

SEC Commissioner Hester Peirce’s recent comments to Coinage Media have reignited discussions about the potential inclusion of staking and in-kind creation/redemption features in crypto ETFs. Peirce emphasized that these elements, which were excluded from initial ETF offerings, could be revisited in the future. Peirce stated, “I think certainly something like staking or any feature of the product that – we saw that on the Bitcoin ETPs too – there were features of the product that some people would have liked to see included but weren’t and those are always open for reconsideration as far as I’m concerned.” Bloomberg’s Eric Balchunas…

BurgerCities aims to create a cohesive metaverse world within Web3, incorporating DeFi and NFT elements into the expansive Metaverse. Users engage in daily activities such as social interactions and gaming, and can also leverage DeFi and NFT features like trading, staking, NFT exhibitions, or Gamefi with their avatars. Contents hide 1 What Makes BurgerCities Unique? 2 How Did BurgerCities Evolve? 3 Advantages of BurgerCities 4 How to Buy BURGER Coin? What Makes BurgerCities Unique? BurgerCities (BURGER) is a cryptocurrency within the BNB Chain ecosystem, blending the metaverse with decentralized finance (DeFi). The platform, known as MetaFi, enables users to participate…

The number of blockchain addresses transacting in Pepecoin (PEPE) has exploded over the last month, more than doubling over the past 30 days amid the top Ethereum meme coin’s recent SEC validation and subsequent surge in price. Daily active addresses holding PEPE have increased 230% to 9,830, according to data from IntoTheBlock. That growth outpaced other meme coins, such as Floki, which still saw daily active addresses jump 179% during that span. Meanwhile, the daily number of active addresses for Dogecoin had increased 10% to 53,000. Built using the ERC-20 standard from Ethereum, both tokens exist on the network as…

Judge Katherine Polk Failla postponed the trial of Roman Storm, co-founder of Tornado Cash. What is happening in this controversial case, and is the crypto mixer responsible for its users? Table of Contents Charges against Tornado Cash developers American sanctions against Tornado Cash Everything is not so straightforward Are the Tornado Cash developers guilty? Due to the case’s complexity, the co-founder of the notorious cryptocurrency mixer was granted a reprieve. In a motion to move the trial, Storm’s defense pointed at complex and novel legal and factual issues, as well as millions of pages of documents written in Russian. All…