Author: NBTC

RWA-focused Layer 1 Blockchain MANTRA announced the strategic partnership with Ondo Finance. With the report going live, the platform saw a 30% increase in the amount of OM staked, which signalizes serious adoption growth among investors. Strong Staking Growth Staking activity has significantly increased as a result of investor enthusiasm for OM. More than 200 million OM tokens worth around $180 million at current market price of $0.90, are currently in staking. This number indicates a 30% rise in staked OM following the announcement of the Ondo partnership. The increase in staking shows that investors are confident in MANTRAs long-term…

The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published the second Final Report under the Markets in Crypto-Assets Regulation (MiCA). This report covers eight draft technical standards aimed at providing more transparency for retail investors and clarity for providers on the technical aspects of disclosure and record-keeping requirements. Additionally, the standards include data protocols to facilitate supervision by National Competent Authorities (NCAs). The final report includes the following draft technical standards: sustainability indicators for crypto-asset consensus mechanisms, business continuity measures for crypto-asset service providers (CASPs), trade transparency, content and format of orderbooks and…

Oasys, a blockchain designed specifically for gaming, has forged a new partnership with Edia Corporation, the owner of 139 retro game IPs, as per the latest info shared with Finbold on July 10. The partnership aims to introduce more gamers to Web3 by distributing classic titles globally through blockchain technology. Toward a nostalgic yet innovative gameplay experience The collaboration will leverage Edia’s extensive retro game catalog to create new blockchain-based games using Oasys’ infrastructure. All retro games in Edia’s portfolio will be reimagined for the Web3 environment, promising a nostalgic yet innovative gaming experience. Edia will manage public relations and…

Singapore Exchange (SGX) has announced it does not plan to allow cryptocurrency listings soon. SGX CEO Loh Boon Chye shared this stance on July 9, highlighting the need for better conditions before considering cryptocurrency listings. Notably, SGX currently supports the iEdge Bitcoin Index and the iEdge Ethereum Index, which launched in 2020 in collaboration with CryptoCompare. Despite these funds tracking the prices of Bitcoin (BTC) and Ethereum (ETH), SGX does not allow crypto listings. Moreover, Singapore has recently become one of the most attractive venues for crypto ventures. In addition to Hong Kong, Singapore attracted 11% of the total VC…

New Hampshire State Representative Keith Ammon discussed the potential benefits of the state diversifying its financial reserves into Bitcoin exchange-traded funds (ETFs) in a May 12 social media post. The SEC approved trading spot Bitcoin ETFs on US exchanges in January. Since then, the products have generated huge interest, with major financial institutions like JPMorgan Chase, trading firm Susquehanna International Group, and others revealing substantial holdings in these ETFs. 6200% ROI Ammon highlighted a hypothetical scenario where if the state had invested 5% of its rainy day fund into Bitcoin in 2016, the initial $4.65 million investment could have grown…

Polygon’s NFT sales volume surpasses Bitcoin (BTC) and Solana (SOL) as the non-fungible token (NFT) market gains momentum. According to data provided by CryptoSlam, the total NFT sales increased by 27% in the past 24 hours, reaching $18.21 million. The surge comes while the total number of transactions declined by 7%, currently sitting at 351,319. This movement might show heightened whale activity in the NFT sector. NFT sales volume by blockchain – July 10 | Source: CryptoSlam Moreover, Ethereum (ETH) has been leading the NFT scene since late May. Per CryptoSlam data, the NFT sales volume increased by 24% over…

South Korea is ramping up its fight against crypto fraud as a new digital asset law looms. The country’s financial regulator, the Financial Supervisory Service (FSS), is establishing a comprehensive monitoring system to eliminate fraudulent crypto trading on local exchanges as part of a broader initiative to enhance investor protection. According to Bloomberg, the Financial Supervisory Service (FSS) announced that it is establishing a monitoring system to detect unusual crypto trading activities. The FSS has urged crypto exchanges to provide data and information to this system to comply with the legislation that becomes active on July 19. South Korea is…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the launch of the Bybit Card in Argentina, according to the latest information shared with Finbold on July 9. Bybit Card welcome packs and bonuses To celebrate the launch, Bybit is offering welcome packs and bonuses. New users who apply for a Bybit Card will receive a generous 10,000 ARS card bonus and be able to enjoy up to 10% cashback on all expenses. Existing cardholders who add their Bybit Card to major local payment platforms like Mercado Pago will also receive an additional 10% cashback on all purchases.…

Founder and chairman of MicroStrategy Michael Saylor has sent an important Bitcoin message to the crypto community, citing the legendary Terminator dilogy. Saylor was the one who initiated the current Bitcoin course taken by MicroStrategy when it started buying BTC on a regular basis in the August of 2020. A few years ago, he stepped down from his CEO position to focus on the Bitcoin strategy for the company. Several times a day, Saylor publishes Bitcoin-related posts on the X platform with a short message to the BTC community and an AI-generated image. This time, his message was related to…

While industry advocates have welcomed the finalized crypto tax measures after years of wrangling, messy deliberations about non-custodial providers still lie ahead. It’s been a long time consuming, but the Internal Revenue Service and the Treasury Department have finally agreed upon new crypto tax reporting rules for investors. At first, you may assume that these new guidelines would send shivers down the spine of exchanges and customers alike. But given there’s long been exasperation over a lack of clarity in the space, the policy — which attracted a whopping 44,000 comments during a consultation — has been pretty well-received. Why,…