Author: NBTC

While South Korea’s Bitcoin (BTC) transaction volume experienced a significant decline in the 2nd quarter, the liquidity of major exchanges in the United States increased, according to data from analysis company Kaiko. Last week, the most Bitcoin sales were made on Binance and Bybit. However, the weekly trading volume of the four largest exchanges in South Korea, Upbit, Bithumb, Coinone, and Korbit, fell from an average of $35 billion in Q1 to $6 billion in early June. This comes after Korean Won (KRW) trading volume briefly surpassed USD trading volume in Q1. The decline has been particularly strong at Upbit,…

Just 45 minutes ago, two wallets, likely controlled by the same whale, deposited substantial Maker (MKR) and Lido (LDO) tokens to FalconX, a prominent cryptocurrency exchange. The deposits included 3,600 MKR, valued at $8.07 million, and 2.4 million LDO, valued at $3.79 million. Notably, both wallets share the same FalconX deposit address, suggesting they belong to a single entity. 45 minutes ago, two wallets (likely one whale) deposited 3,600 $MKR ($8.07M) and 2.4M $LDO ($3.79M) to #FalconX.Notably, they share the same FalconX deposit address and thus likely belong to the same whale.Currently, these wallets have:• An est. total profit of…

Ben Caselin, Chief Marketing Officer of VALR, a Pantera-backed crypto exchange, delivered a keynote on the unique patterns of crypto adoption at the Foresight 2024 conference in Hong Kong on Sunday, August 11. In particular, Caselin focused on the contrasts between how crypto is seen in regions like Hong Kong compared to various countries across Africa, Asia, and Latin America. Crypto adoption in Hong Kong While Hong Kong is known for cultural and financial innovation, being increasingly recognized for its role in driving Web3, emerging markets such as El Salvador and South Africa are developing their own cryptocurrency hubs. In…

South Korea’s Financial Supervisory Service (FSS) now requires defunct cryptocurrency exchanges to obtain insurance to safeguard user assets. This measure comes as part of a wider initiative to bolster investor protections following the recent implementation of the Virtual Asset User Protection Act, South Korea’s first comprehensive regulatory framework for the crypto industry. The new insurance mandate aims to protect assets held by bankrupt exchanges, mitigating risks associated with potential hacking incidents. Several exchanges that have shut down, including GDAC and Hanbitco, have already secured insurance coverage. Huobi Korea, another major exchange, is reportedly considering taking similar steps to meet this…

Farcana, a multiplayer arena hero shooter powered by a Web3 economy, has partnered with eesee. eesee.io is a launchpad and gamified marketplace for digital assets, tokens, and real-world assets (RWAs). This collaboration marks the beginning of the eesee Launchpad Season, with 15 tier-1 projects already signed up. We’re excited to partner up with @eesee_io, a launchpad and gamified marketplace for digital assets, tokens and RWAs.With their unique approach and impressive traction, the team announced the start of eesee Launchpad Season and already signed 15 tier-1 projects!Other bullish… pic.twitter.com/mZheiekfF9 — Farcana (@FarcanaOfficial) July 9, 2024 $ESE Token IRO Sees 250K Participants,…

An Australian man whose partner was accidentally refunded millions of dollars by Crypto.com has been jailed after embarking on a “flurry” of spending. Jatinder Singh, 39, has been sentenced to serve three years in jail by the County Court of Victoria after pleading guilty to the theft of $4.4 million, per reports in local news media. In May 2021, Singh tried to deposit AU$100 ($65) into his Crypto.com account back in May 2021 using the bank account of his partner Thevamanogari Manivel, 41. The crypto exchange rejected the deposit owing to the name discrepancy between the exchange and bank account,…

GRAM Ecosystem partners with Immutable to onboard flagship games to Immutable zkEVM, enhancing Web3 gaming experiences. The partnership includes collaboration with Iskra to explore new user experiences and expand digital assets in Web3 gaming. The GRAM Ecosystem has announced a strategic relationship with Immutable, which represents a significant step forward in their objective to increase community involvement and market reach. This cooperation is also important since it builds on the success of other well-known initiatives, such as MARBLEX and Illuvium, which have also used Immutable’s cutting-edge blockchain technology and deep game development knowledge. ⛵ @Gram_voyage is launching on @Immutable zkEVM,…

Binance, the world’s largest cryptocurrency exchange, will delist PowerPool (CVP), a protocol for automating transactions. The news triggered an 8% drop in the altcoin’s price, pushing it into a short-term downtrend. As per the official announcement from Binance crypto exchange, the delisting scheduled for August 26th, also affects Ellipsis (EPX), ForTube (FOR), Loom Network (LOOM), Reef (REEF), and VGX Token (VGX). Binance stated these tokens no longer meet its “standards or the industry landscape has changed.” PowerPool responded to the delisting, calling the decision “completely unexpected.” The team claims Binance did not “provide any information on the specific reasons or…

VeChain network’s veDelegate has distributed its first round of VeBetterDAO voting rewards, issuing 160, B3TR tokens to over 400 stakers. VET gained 11% in the past 24 hours, the third-highest gains in the top 50 coins, while its trading volume rose 10%, despite the overall market volume dipping 25%. veDelegate, a delegation service for the VeChain B3TR ecosystem, has distributed its first round of VeBetterDAO voting rewards as the VeChain vision of a decentralized ecosystem that incentivizes users to engage in sustainable actions continues to take shape. The service announced on social media that it had distributed 160,000 B3TR tokens…

The crypto industry’s leading political action committee, Fairshake, announced three U.S. Senate races it intends to spend major amounts to influence in Ohio, Arizona and Michigan. The Ohio race pits a crypto ally, Bernie Moreno, against the chairman of the Senate Banking Committee, Sherrod Brown, a Democrat who has been reluctant to allow crypto legislation to advance in his committee. Crypto interests are planning to go after Sen. Sherrod Brown (D-Ohio) in their biggest-ever single campaign, setting aside $12 million to support the Republican candidate seeking to snatch the Senate seat from the current chairman of the Senate Banking Committee,…