Author: NBTC

The leading cryptocurrency is on the rise again, as Bitcoin hit its highest price in two weeks and nearing the highest point seen since April’s quadrennial halving event. It comes as Bitcoin-based fungible tokens like ORDI and DOG are surging in price, reflecting growing interest in BTC meme coins. Bitcoin rose above the $71,000 mark on Tuesday, according to Coinbase, popping as high as $71,042. At a current price of $70,885, per CoinGecko, it’s up more than 2% on the day, pushing its 30-day rise to 10%. But some of the biggest fungible tokens minted on the Bitcoin blockchain via…

Key Points: The Danish Financial Supervisory Authority (DFSA) clarified it has no plans for the Danish self-custodial wallet ban. DFSA’s regulatory focus is on custodial services where crypto assets are managed on behalf of clients, in line with the MiCA regulation. Non-custodial wallets, which do not involve custody of private keys by providers, are exempt from MiCA regulations and remain unaffected. The Danish Financial Supervisory Authority (DFSA) has clarified its stance on cryptocurrency regulations following recent speculation. Contrary to rumors circulating on social media, DFSA has no plans for a Danish self-custodial wallet ban. DFSA Clarifies No Danish Self-custodial Wallet…

Cryptocurrency exchange Coinbase is partnering with Greengage, a London-based financial services provider for small and medium enterprises (SMEs), to originate SME debt using the Coinbase Diamond protocol. This collaboration seeks to utilize blockchain technology to provide SMEs with access to capital, promising a more efficient and transparent financing solution. Speaking about this new deal, Sean Kiernan, the CEO of Greengage, mentioned: “We are thrilled to partner with Coinbase on this groundbreaking initiative. By originating SME debt on the Coinbase Diamond protocol, we are not only enhancing our ability to support small and medium enterprises but also pioneering new financial innovations…

The non-custodial asset bridge provider Celer and the blockchain gaming ecosystem Oasys have partnered to provide Bridged USDC Standard support on the Oasys blockchain. The global financial technology company Circle Internet Financial (Circle) developed the Bridged USDC Standard to allow qualifying blockchains to have a future upgrade route from bridged USDC to native USDC. The world’s biggest regulated US dollar-backed stablecoin, USDC, is issued by Circle. Before a possible upgrade to natively issued USDC occurs, bridged versions of USDC that adhere to Circle’s Standard may operate as a stand-in for USDC for developers and users in new blockchain ecosystems. This…

Matt Hougan, CIO of spot Bitcoin ETF issuer Bitwise, says the Bitcoin ETF allocations included in recent 13F filings are just the beginning. Institutional investors’ recently disclosed Bitcoin allocations from first-quarter 13F filings were merely a “down payment,” according to the CIO. Hougan explains that it takes most professional investors between six and twelve months to evaluate cryptocurrency investments. This process typically follows a pattern of due diligence, personal allocation, individual customer allocations and finally platform-wide allocation. “About six months after the initial distribution, many firms begin to distribute across their entire client books, with allocations ranging from 1-5% of…

Bankrupt cryptocurrency exchange FTX made a $24 billion agreement with the US Internal Revenue Service (IRS). The settlement amount is a very small fraction of the original demand, paving the way for significant customer recovery. As part of the settlement, the IRS will receive $200 million in damages in FTX’s bankruptcy. This amount will be paid within 60 days from the date of entry into force of the company’s proposed restructuring plan. In addition, the IRS will receive a lower priority request of $685 million. That claim is “settleable on a subordinate basis to customers and other creditors” and will…

Billionaire investor Mark Cuban has urged the US Securities and Exchange Commission (SEC) to modify Form S-1 so token-based companies can easily register with the authorities. Cuban’s suggestion follows SEC Commissioner Mark Uyeda’s footnote describing the agency’s current approach to crypto disclosure filings as “problematic.” Form S-1 Form S-1 is the registration statement that the SEC requires domestic issuers to file to offer new securities publicly. The form includes essential company information such as business operations, risk factors, and other important details about the product offerings. Any company seeking to trade its security shares on a national exchange like the…

Investors in Bitfinex’s Hampton Hotel securities offering are reportedly entitled to a refund after its fundraiser failed to meet its $500,000 goal to build a hotel near El Salvador’s airport. Local news outlet El Salvador.com reported that the ‘Relevant Information Document’ on the HILSV token used in the public offering has a clause that allows investors to refund their investment should the fundraiser fail to hit its target. The document, published on May 13, says a refund is available if either, “the minimum amount (minimum amount necessary to carry out the project), which for this issue will be five hundred…

MiniPay, a blockchain-based wallet built on Celo, has added support for USDT and USDC stablecoins with the launch of its new feature Pockets. Announced on Wednesday, Pockets is an upgrade that brings one-click stablecoin swaps to MiniPay, the non-custodial stablecoin wallet in Opera. MiniPay is currently available in the four African markets of Nigeria, Kenya, South Africa and Ghana. MiniPay’s hits milestone with Pockets launch Specifically for Pockets, MiniPay can now offer users the new functionality of being able to swap between Celo Dollar (cUSD) and the top stablecoins USDT and USDC. The new feature is a collaboration between MiniPay…

In a remarkable turn of events, Bitcoin (BTC) has broken out of its recent trading range, recording a 7% surge in the past 24 hours alone. The cryptocurrency tests the $66,000 resistance level, setting the stage for a potential move toward higher targets. The latest momentum shift in Bitcoin’s price action has caught the attention of industry experts, particularly the co-founders of on-chain analytics firm Glassnode. According to their analysis, the trigger for a larger market structure release has been in the works since the March highs. Bitcoin Breaks Out The co-founders of Glassnode believe this breakout has been coming…