Author: NBTC

Thailand and China are solidifying bilateral relationships by signing a local currency agreement to improve cross-border trade between the two nations. The central banks of both countries inked a memorandum of understanding (MoU) to set up the “Cooperation Framework for Bilateral Local Currency Transactions.” The framework is expected to allow both countries to carry out international trade in the Chinese yuan or the Thai baht rather than the U.S. dollar. People’s Bank of China (PBoC) Governor Pan Gongsheng signed the MoU with Governor Shethabu Suthiwanalyubu of the Bank of Thailand with the finer details of the document pledging greater financial…

Garanti BBVA, which has more than 18 million customers in Turkey, launched “Garanti BBVA Crypto”, a crypto wallet and transfer service. Garanti BBVA Digital Assets, a branch of Garanti BBVA, which continues to take new steps in the cryptocurrency industry, announced that it will support a new altcoin. According to DHA news, Garanti BBVA Digital Assets is considering adding AVALANCHE (AVAX) support to its customers with the Garanti BBVA Crypto mobile platform. “Garanti BBVA Digital Assets” initially enabled the transfer, storage, exchange and trading of Bitcoin (BTC), Ethereum (ETH) and USD Coin (USDC) assets. In addition to these assets, “Garanti…

Hong Kong’s Securities and Futures Commission (SFC) has announced that 11 virtual asset trading platforms (VATPs) are poised to receive official licenses, a year after the city introduced new regulations to foster a thriving crypto industry. Prominent platforms such as Crypto.com and Bullish, identified as “deemed to be licensed” in the SFC’s recent update, are among the applicants close to receiving the licenses. These exchanges, known for their significant global trading volumes, are now a step closer to operating fully under Hong Kong’s regulatory framework. However, not all major players have sought licensing in Hong Kong. Exchanges like OKX and…

As the cryptocurrency landscape continues to evolve, Binance has announced a significant change that will impact many users: the shutdown of the BEP2 network by June 2024. This transition is part of Binance’s broader strategy to streamline its blockchain operations and enhance performance. For users holding assets on the BEP2 network, the impending sunset means taking prompt action to migrate these assets to the more advanced Binance Smart Chain (BSC). Fortunately, ChangeNOW offers a seamless solution to facilitate this transition, ensuring the security and accessibility of your digital assets. Understanding the BEP2 Shutdown The BEP2 network, originally part of Binance’s…

Ethereum (ETH) has shown significant strength against Bitcoin (BTC), reclaiming a key trend line and sparking discussions of a potential altseason. The cryptocurrency has outperformed BTC since mid-May, driven by the anticipation of spot Ether exchange-traded funds (ETFs) in the United States. Ethereum’s price saw a significant surge following the announcement of the approval for the Ethereum Spot ETF. The ETH to BTC ratio currently stands at 0.056, indicating a significant increase for Ethereum. By contrast, Bitcoin has found support at $67,000 and faces potential drops to $65,000. Meanwhile, Ethereum holds steady at $3,700 amid heightened volatility. Since May 15,…

A major development emerged today for Arbitrum, a cryptocurrency closely monitored by Turkish investors. Despite the headline suggesting potential risk, the substantial ARB withdrawals from Coinbase are not necessarily indicative of impending sales. However, this movement warrants attention as it may lead to future re-entries into exchanges. Here are the details. Contents hide 1 What Prompted the Arbitrum Withdrawals? 2 Can Arbitrum (ARB) Price Hold Steady? 3 Key Takeaways for Investors What Prompted the Arbitrum Withdrawals? Recently, two newly created cryptocurrency wallets made significant withdrawals of Arbitrum (ARB) from Coinbase, drawing the interest of OnchainDataNerd. The activity, which took place…

Polygon (MATIC) is a Layer-2 scaling solution that aims to enhance the performance of the Ethereum Blockchain. By addressing scalability issues, Polygon significantly increases transaction speeds, reduces costs, and simplifies user interactions. This article explores what Polygon (MATIC) is and provides a guide on purchasing it with Turkish Lira (TRY). Contents hide 1 What Makes Polygon Effective? 2 How to Buy Polygon (MATIC) with TRY? 3 Why Choose Polygon? 4 Conclusion What Makes Polygon Effective? Polygon is designed to ease the congestion and high transaction fees that Ethereum faces due to its growing network activities. Utilizing a sidechain network interconnected…

Heightened anticipation for spot-based bitcoin ETFs in the U.S. and the eventual inflows supercharged bitcoin’s run-up to new all-time highs, and now Hong Kong regulators reportedly are inching closer to approving similar funds, news that thus far has been mostly unnoticed in crypto circles. These vehicles, however, could open the floodgates for Chinese investors looking for a new haven next to gold and overseas real estate and stocks in which to store their wealth. “[They] will be a big deal,” Noelle Acheson, macro analyst and author of Crypto Is Macro Now newsletter, said in an email interview with CoinDesk. “It’s…

Cathie Wood’s business has received a dose of bad news as the earnings season wraps up. Most of its Exchange Traded Funds (ETFs) have shed substantial assets after years of underperformance. For example, the ARK Innovation Fund (ARKK) has lost billions of dollars and now has over $6.8 billion in assets. At its peak, it had billions of dollars in assets under management. ARK ETFs have seen substantial outflows The same is true with the ARK Autonomous Tech & Robotics (ARKQ) and ARK Fintech Innovation ETF (ARKF), which have continued to underperform the broader S&P 500 and Nasdaq 100 indices.…

Leading crypto tracker Whale Alert has indexed a fresh transaction featuring the movement of a substantial amount of XRP from a Ripple wallet. Data from Whale Alert shows that Ripple transferred 100M XRP, worth $52.81M, to an unknown wallet. Notably, the transaction occurred yesterday at exactly 16:07 (UTC). 🚨 🚨 🚨 100,000,000 #XRP (52,815,512 USD) transferred from #Ripple to unknown wallethttps://t.co/CmwVPaSKWG — Whale Alert (@whale_alert) April 24, 2024 Funds Shuffle Between Ripple Wallets Although Whale Alert did not disclose the identity of the receiver, on-chain scrutiny carried out by The Crypto Basic suggests that Ripple also owns the recipient wallet.…