Author: NBTC

Starting this Saturday, cryptocurrency trading platforms wishing to offer their services in Hong Kong will no longer be able to use the “grace period” set by the local regulator. If they have not obtained a license or applied for one by June 1, they will be committing a criminal offense. Hong Kong’s SFC has issued a statement reminding the public that the “non-contravention period” for virtual asset trading platforms (VATPs) operating in Hong Kong will end on June 1, 2024. The regulator emphasized that all VATPs must be either licensed by the SFC or “deemed-to-be-licensed” VATP applicants under the Anti-Money…

OKX, a leading global cryptocurrency exchange, is preparing to launch mining of ULTI (Ultiverse) tokens through the OKX Jumpstart Mining platform. Cryptocurrency Exchange OKX Launches ULTI (Ultiverse) Token Mining The event will start at 09:00 on June 3, 2024 and end at 09:00 on June 6, 2024. Bitcoin (BTC) and Ethereum (ETH) holders must stake their BTC and ETH to mine ULTI tokens. In the Jumpstart event, which does not have a minimum stake amount per person, the maximum amount of BTC that can be staked per person is 0.3 BTC and the limit for ETH is 3.5 ETH. 150,000,000…

Orderly Network recently made an announcement about a new expansion that is taking its omnichain services to the Mantle Network. This network is widely known as it brings in Ethereum’s Virtual Machine (EVM) compatible scalable modular Layer 2 (L2) solution. It is expected that this will greatly improve trading for traders, protocols and developers within the Mantle ecosystem. 1/ Orderly has just landed on @0xMantle!🔥 Unlock the power of Orderly-powered perpetuals on Mantle!Traders on Mantle, can now tap into one of the deepest liquidity sources for decentralised perps with CEX like execution, and gas-less tradingRead: https://t.co/twYvnkXmU7 pic.twitter.com/WzVz8lsiLe — Orderly Network…

When Willem Schroé was 17, he came in third out of 10,000 in a national math competition in Belgium, his home country. His prize was a book on botanics, the study of mathematics and fractals in nature. The book inspired awe in him, as he was humbled by the notion that physics and mathematics are bigger than any one of us. Today, he feels the same way about Bitcoin, which is why he’s building a groundbreaking Layer 2 on the network. But, before we get to that, let me offer you some background on Schroé. Frank Corva is the Business-to-Business…

The Shiba Inu development team has announced that a hard fork is planned on the Shibarium network on May 2. This important update not only aims to improve the user experience, but also strengthens the infrastructure that supports the network’s growing ecosystem. The upcoming changes were explained in a series of detailed posts on social network X and in a lengthy official blog post. The development team described the update as a decisive step in the development of Shibarium, introducing new features aimed at significantly improving the network’s functionality and responding to the needs of the community. The hard fork…

Hong Kong’s regulator will conduct on-site inspections of crypto platforms offering trading services which have applied for a license. By June 1, 2024, all crypto platforms in Hong Kong must be either licensed or “deemed-to-be-licensed.” Hong Kong’s Securities and Futures Commission (SFC) will conduct on-site inspections of those crypto trading platforms interested in continuing to pursue their licensing applications as a key deadline looms, the regulator announced Tuesday. By June 1, 2024, all crypto platforms providing trading services known as virtual asset trading platforms (VATPs) in Hong Kong must be either licensed by the SFC or “deemed-to-be-licensed,” which is a…

Bybit, one of the top three crypto exchanges by trading volume, has reported a significant surge in EUR trading volume following the launch of its EUR Zero Fees Fiesta campaign in April this year, according to the information shared with Finbold on May 30. The campaign highlights Bybit’s dedication to expanding the European market and offering a competitive and cost-effective platform for European traders. Bybit climbs to #2 in the Netherlands Since the launch of the EUR Zero Fees Fiesta campaign, Bybit has seen a 13% average daily increase in trading volume for EUR pairs. This surge solidified Bybit’s status…

AUSTIN, TEXAS – Web3 infrastructure and digital credential network Galxe (GAL) said Wednesday that it is crafting its own layer-1 smart contract platform called Gravity and will migrate all its products to the new blockchain. The first version of the network, built on the Arbitrum Nitro tech stack, will start in June to test cross-chain settlements in a publicly transparent manner. The full-fledged Gravity Mainnet with native staking and restaking aims to go live in the second quarter of 2025. The reason for creating Gravity, said the Galaxe team, is that the platform’s user base has significantly grown over the…

BCA Research, a leading independent provider of global investment research, predicted in a recent report that Bitcoin could eventually rise above $100,000. The company attributes this potential rise to Bitcoin’s ‘non-confiscability’ feature, which makes it liken to gold. According to Dhaval Joshi, Chief Strategist at BCA Research, Bitcoin and gold are conceptually linked because their shared value stems from their non-confiscability feature. This value is immune to inflation, bank failure, and even state expropriation in the case of Bitcoin. Joshi argues that Bitcoin’s controlled supply protects it from being confiscated by inflation. Additionally, the bankruptcy of banks or other financial…

The crypto market awaits a significant event today—the liquidation of $1.33 billion in Ethereum (ETH) options. This massive contract expiration is interesting, particularly due to the approval of spot Ethereum exchange-traded funds (ETFs) in the United States. At the same time, approximately $1.42 million in Bitcoin (BTC) options contracts will also expire. Can the expiration cause greater volatility in the market, and will it affect the price of the two leading cryptocurrencies? First ETH Options Liquidation After the Spot Ethereum ETF Approval The notional value of the 352,861 expiring Ethereum contracts is $1.33 billion. Data from Deribit indicates that Ethereum’s…