Author: NBTC

Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender wants to expand its crypto offerings and services tied to tokenized securities. Zand, licensed and regulated by the central bank of the UAE, said in a press release sent to crypto.news it will rely on Taurus’ crypto wallet services, both hot and cold, to offer custodian services for crypto, non-fungible tokens (NFTs), and digital currencies. Zand will also leverage Taurus’…

Israeli crypto firm Ironblocks is spearheading a new security layer called Venn that will vet blockchain transactions before they’re executed, potentially averting multimillion-dollar attacks and hacks. Venn is a security product: its customers – lending protocols and beyond – will pay a small fee in exchange for what’s essentially an extra set of eyes making sure nothing suspicious is happening on their books. But instead of one pair, they’ll get many operators on the lookout for fraud, says Ironblocks CEO Or Dadosh. That’s because Venn is set to be a decentralized network much like the blockchains that all DeFi protocols…

The Bitcoin (BTC) network activity has dropped to lows previously seen in February 2019, five years ago. At that time, BTC was trading at $6,380 – ten times lower than its current price of $63,800. Finbold retrieved premium data from Santiment on May 15, which shows a 5-year low count for Bitcoin’s 30-day active addresses. Essentially, this metric looks at the number of distinct addresses participating in a transaction in the last 30 days. Each address is counted only once for the window and represents the overall network activity in a given period. Notably, the Bitcoin network registered 12.64 million…

iExec, the company with the platform to build, own, and monetize in Web3, has announced the release of an upgrade to their DataProtector dev tool, dubbed the ‘Monetize Version’. This latest innovation introduces an upgrade that offers new methods for Web3 developers, DApp users, and content creators to manage and monetize their digital assets. Since its inception in 2016, iExec has been a pioneer in offering solutions that prioritize data protection and ownership. The updated DataProtector ‘Monetize Version’ reaffirms iExec’s dedication to innovation, delivering powerful tools that give developers the means to return control over digital assets to their users.…

The Digital Chamber (TDC) has urged the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following its enforcement action against Consensys. The chamber argues the SEC’s actions are overreaching and detrimental to financial innovation and inclusion. Digital Chamber Criticizes SEC’s Action The Digital Chamber (TDC) has called on the U.S. Securities and Exchange Commission (SEC) to end its attacks on the crypto industry following the agency’s action against Consensys Software last week over Metamask swaps and staking services. In a statement released on Monday, the Digital Chamber stated that it “strongly opposes the SEC’s…

The leading cryptocurrency exchange, KuCoin, has implemented a 7.5% transaction fee tax on all trades executed on the platform for its Nigerian users. According to an official announcement, KuCoin will start collecting a value-added tax (VAT) of 7.5% on transaction fees from July 8 to align with recent regulatory developments. This update affects all users with their Know Your Customer information registered in Nigeria. KuCoin to Tax Nigerian Users To avoid misunderstandings about the latest development, KuCoin clarified that the VAT applies to the transaction fees in each trade, not the transaction amount. For instance, a 1,000 Tether (USDT) transaction…

Key Points: ZKsync has launched Elastic Chain, a network of ZK rollups designed for security and interoperability. The ZKsync 3.0 protocol upgrade introduces shared routing contracts to improve capital efficiency and simplify asset movement. The ZKsync Elastic Chain leverages recursive ZK proofs for scalability, with over 20 new ZK Chains expected to join by 2024. ZKsync unveiled today the launch of Elastic Chain, a network of ZK rollups designed for maximum security and seamless interoperability, offering users a unified and intuitive experience. Read more: Top 5 Crypto Wallets On zkSync Era ZKsync Elastic Chain Launched for Enhanced Blockchain Interoperability The…

The renowned American fast food chain McDonald’s launched the “My Happy Place” metaverse in Singapore in collaboration with Bandwagon Labs. Bandwagon Labs is the metaverse wing of Bandwagon, a top entertainment media technology organization. McDonald’s and Bandwagon Labs are both highly enthusiastic about developing an in-app virtual environment for their customers. The metaverse’s creative canvas is now accessible to Singaporeans through a groundbreaking initiative. The new metaverse platform is equipped with a lucrative and inspiring reward mechanism. Users can authenticate their identity and partake in token-gated activities within the metaverse ecosystem by incorporating prominent wallet hosting services like MetaMask. The…

The Intersection of DeFi and Real-World Assets TL;DR:Today, we launch IOTA EVM, a fully EVM-compatible Layer 2 solution for the IOTA network. This release follows extensive improvements, testing, and audits since the initial EVM launch on Shimmer in September 2023. IOTA EVM introduces features like smart contracts, cross-chain functionality, parallel processing, and enhanced security against Miner Extractable Value (MEV). The launch marks a significant step towards integrating DeFi with real-world assets. To get started, connect via MetaMask, use the provided JSON-RPC endpoint, and explore the network through the Firefly wallet. Join our launch party tomorrow, Wednesday, June 5, to celebrate…

Key Points: Binance US SEC lawsuit to proceed, marking a pivotal development in the ongoing legal saga. Binance.US asserts compliance with U.S. regulations and criticizes SEC’s enforcement-focused approach as politically motivated. The long Binance US SEC lawsuit tussle between Binance.US and the U.S. Securities and Exchange Commission suddenly took a different turn as the Court paved its way for the case to ensue. Binance.US had been prepared for that and was committed to seeing it through the judicial process. Compliance features and risk administration have been major themes for Binance.US, specifically formed to serve US customers under regulatory regimes. It…