Author: NBTC

With the recent approval from the Reserve Bank of India (RBI) to operate as an Online Payment Aggregator, Hitachi Payment Services is set to begin a new chapter in India’s financial technology narrative, one that promises to enhance the versatility and reach of digital payments across the nation. Hitachi Payment Services has long been a cornerstone in India’s digital payment infrastructure, processing over 2.5 billion digital transactions annually for leading banks and fintech firms. This new authorization allows the company to offer an expanded suite of payment options, including UPI, Netbanking, Cards, and Wallets, alongside innovative services such as EMI,…

Shiba Inu ecosystem marketing lead Lucie considers Shiba Inu as well as its ecosystem tokens BONE and LEASH to be 100% safe. Lucie made this assertion in a recent post on X, noting that she disclosed this to individuals asking her for recommendations on assets that are completely safe for investments. According to her, each time she received this question over the last week, she mentioned SHIB, BONE and LEASH. Whoever asked me in the past week what they should buy to be 100% safe in crypto, I said, ‘Buy $SHIB $BONE or $Leash .’True story 🤗 nfa pic.twitter.com/3YepPZR1oj —…

Kanav Kariya, the President of Jump Crypto, announced his resignation four days after reports surfaced that the Commodity Futures Trading Commission (CFTC) was investigating its Jump Trading subsidiary’s activities. Kariya stated, “Today marks the end of an incredible personal journey for me. It’s my last day at Jump, a moment I’m receiving with both a heavy heart and great excitement about the road ahead[…] I’m confident that Jump Crypto will continue to do great work in the industry.” Jump Crypto, a digital asset arm of the Chicago-based trading firm Jump, has reportedly come under scrutiny from the CFTC for its…

Investment management firm VanEck has set a fee of 0.2% for its proposed spot ether exchange-traded fund, Reuters reported. This announcement, detailed in a US Securities and Exchange Commission (SEC) filing, comes at a time of significant regulatory advancements for cryptocurrency ETFs. Last month, the SEC approved applications from major exchanges such as Nasdaq, CBOE, and NYSE to list ETFs tied to the price of ether, the second-largest cryptocurrency by market capitalization. This important approval could allow these products to begin trading by the end of the year, offering new opportunities for investors. VanEck is one of nine issuers, including…

Galaxy Asset Management, a leader in digital asset investing affiliated with Galaxy Digital, announced a collaboration with State Street Global Advisors, the world’s third largest ETF issuer. The partnership is focused on developing “next generation” investment strategies to provide investors with exposure to the $2.4 trillion digital asset ecosystem. Mike Novogratz, CEO of Galaxy Digital, expressed his support for the collaboration. He highlighted the potential to unlock the digital asset ecosystem for investors through professionally managed strategies. In his view, this partnership signifies a potential shift within the financial industry, as established institutions like State Street recognize the growth prospects…

In a remarkable turn of events, Litecoin (LTC) has surged ahead of Ethereum (ETH) in terms of daily transactions and active addresses. According to a tweet by IntoTheBlock, the number of active Litecoin addresses surged by an impressive 75% yesterday, marking the highest activity level since January. This surge has pushed Litecoin to surpass Ethereum by over 100,000 active addresses. The tweet highlighted the significant spike in Litecoin’s activity, stating that the number of LTC transactions hit 426,000 yesterday. While the majority of the increase is attributed to transactions under $10, there has been a noticeable rise in transactions across…

A UK man dubbed the ‘El Chapo of the Cotswolds’ is facing 120 years in prison after a court ruled he can be extradited to the US to face charges of running an illegal drugs ring that has allegedly raked in more than $6 million in bitcoin. Matthew Grimm was charged with five counts of drug charges and one count of money laundering for his alleged role in a multimillion-pound drug racket selling designer amphetamines to US customers. The 49-year-old allegedly ran the operation alongside two accomplices for over 10 years, transporting drugs from the Netherlands using online marketplaces such…

The cryptocurrency market faced a sudden rise. Bloomberg analysts Eric Balchunas and James Seyffart, who were previously extremely pessimistic about the approval of Ethereum Spot ETFs by the SEC, announced in their latest update that they had received some information and increased the probability of approval to 75%. Analysts said that the reason they limited the approval probability to 75% was not to rush before possible filings in the coming days. So analysts’ sentiments can be extremely strong. However, after this news, the Ethereum price experienced a surge and increased by approximately 7% within minutes. On the other hand, there…

Fenix Finance announced the completion of a $300,000 seed fundraising round lead by Layer 3 protocol Orbs. The Blast network’s unified trading and liquidity marketplace will be developed by Fenix with the help of the seed funding. Orbs’ investment will expand its current support for Fenix in its role as a technology partner. Fenix has announced that it would be launching the Orbs L3-powered Fenix Liquidity Hub soon. By integrating on- and off-chain liquidity, Blast users will be able to swap tokens with the best possible price execution. Protocols running on different EVM chains employ Orbs technology to deepen on-chain…

Ether spot ETFs are expected to see less demand than bitcoin versions, the report said. The lack of a staking feature in ether ETFs means less spot conversion, the report said. Bernstein said that despite the recent pullback in crypto markets institutional adoption continues to grow. Ether (ETH) spot exchange-traded funds (ETFs), once approved for trading, will likely see the same sources of demand as the bitcoin (BTC) ETF but on a lower scale, broker Bernstein said in a research report on Monday. “ETH should not see as much spot ETH conversion due to the lack of an ETH staking…