Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In April 2023, the European Union rolled out a comprehensive piece of legislation to finally reign in the crypto and blockchain industry. The Markets in Crypto-Assets Regulation (MiCA) is a bold and pioneering initiative aimed at applying a unified regulatory framework to the industry and establishing clearer laws for crypto asset service providers and token issuers. You might also like: Cryptocurrency after the European Union’s MiCA regulation | Opinion Viewed as a milestone in the crypto regulatory…

Animoca Brands subsidiary Eden Games announced Monday that it is developing Cosmic Royale, a new blockchain-based kart racing game connected to the Animoca-centric Mocaverse on-chain identity and community platform. Set to launch in the fourth quarter this year, the Mario Kart-inspired racing game will also be part of Animoca’s Motorverse gaming ecosystem, which includes titles such as Torque Drift 2, REVV Racing, and MotoGP Ignition. Cosmic Royale features 40-player matches with multiple racing rounds and a survival-themed finale. The game will serve as the pilot gaming experience for Cosmic Club, Mocaverse’s new social gamification platform. The initial trailer shows avatars…

According to data provided by WuBlockchain, spot trading volumes on major centralized exchanges declined by as much as 17% in June. Notably, the Upbit exchange took the biggest hit, with 45%. Bitfinex has also experienced a sizeable decline, with a 38% drop. Binance, the world’s largest trading platform in terms of spot trading volume, also experienced a notable drop of 22.6%. At the same time, some exchanges of the likes of Mexc and HTX actually managed to record gains in terms of spot trading volume, bucking the broader trend. Derivatives trading volumes have also plunged by 18%, with Gate and…

As pressure builds, then dissipates, then builds again for President Joe Biden to abandon his struggling campaign for re-election, most players in Washington have seen much risk and little reward in coming down publicly on one side of the increasingly heightened debate. For DC’s crypto policy leaders, the question of whether to push for Biden to drop out is a sticky one. It’s true that the president’s administration is widely reviled in the crypto industry, for a multitude of reasons—from vocally backing the Security and Exchange Commission (SEC’s) crusade against crypto firms, to its vetoing of key pro-crypto legislation. On…

Online Russian vendors are promoting so-called ‘face fraud’ by selling anonymous headshots to fraudsters who want to bypass the know-your-customer (KYC) checks of crypto exchanges and other services. As reported by 404 Media, sellers are uploading images and videos of random, nameless citizens in exchange for bitcoin. Fraudsters then buy these images and use them on their accounts as a means of attaching a fake identity for KYC purposes. One site, called Fotodropy Store, lists images attached to a single person for 1,390 Russian rubles ($16). The site offers various demographic options including the option to specify the gender and…

June is shaping up to be an exciting month for AI-focused cryptocurrencies. Experts are cautiously optimistic about a possible comeback for the following digital assets. CryptoRand analysts point to INJ, RNDR, FET, and OCEAN as attracting renewed attention. This comes as the AI index exhibits signs of stabilizing at a new higher low, suggesting a potential bullish reversal if it consolidates above $10.50. One factor contributing to this anticipation is the recent strength of Nvidia (NVDA), a leading chipmaker with a prominent role in the AI industry. NVDA’s surge to new all-time highs is often seen as influencing broader sentiment…

A recent report reveals that the majority of jurisdictions worldwide have only partially complied with the Financial Action Task Force (FATF) recommendations for regulating virtual assets. Some progress has been achieved, but not enough, according to a report released on July 13. Further efforts are required to fully adhere to the FATF recommendations and establish a cohesive global strategy for regulating virtual assets. According to the study: 58% of jurisdictions have introduced varying levels of regulation for virtual asset service providers (VASPs) Only 42% have fully implemented the FATF’s “travel rule,” which mandates the exchange of customer information between VASPs.…

Crypto exchanges appear to be cracking down on who is eligible for the discounted trading fees they offer to their largest customers. OKX, the second-largest exchange, just asked prime brokerages for more information, following changes at larger rival Binance. Cryptocurrency exchanges are cracking down on brokerages that bundle clients’ orders to enjoy lower, VIP trading fees. In a letter reviewed by CoinDesk, OKX, the second-largest exchange by volume, recently asked prime brokers for details of subaccounts including the names of the entities or individuals that control each subaccount and the jurisdiction in which they are located. OKX said it needs…

Key Points: Maya Parbhoe, running for Suriname’s presidency in 2025, proposes adopting Bitcoin to empower citizens and address economic challenges. Inspired by El Salvador, the Suriname presidential candidate aims to implement Bitcoin integration independently of local government influence. Maya Parbhoe, a Suriname presidential candidate in the upcoming 2025 elections, has put forward a bold proposal to adopt Bitcoin as legal tender, following in the footsteps of El Salvador‘s pioneering move last year. Suriname Presidential Candidate Maya Parbhoe Advocates Bitcoin Adoption Parbhoe argues that embracing Bitcoin will empower Surinamese citizens by wresting control from oppressive institutions and fostering economic autonomy. Highlighting…

A whale address receives over 445 billion Shiba Inu tokens from a Robinhood wallet as SHIB’s price corrects to the $0.000027 region. Whale Alert, a leading market tracking resource, first spotlighted the interesting fund movement, which occurred shortly after Shiba Inu witnessed an impressive price uptick to retest the $0.000029 price territory amid a three-day winning streak. 🚨 445,868,091,840 #SHIB (12,171,975 USD) transferred from #Robinhood to unknown wallethttps://t.co/93j10061Wr — Whale Alert (@whale_alert) May 29, 2024 Details of the Transaction On-chain data from Etherscan indicates that the transaction occurred yesterday at 16:46 UTC, involving exactly 445,868,091,840 SHIB tokens worth $12.171 million.…