Author: NBTC

The U.S. Securities and Exchange Commission (SEC) sued Silvergate Capital Corporation, the parent company to crypto-friendly Silvergate Bank, on Monday, alleging the bank did not meet Bank Secrecy Act/anti-money laundering regulations despite telling members of the public and shareholders that it did. The SEC also sued former CEO Alan Lane, former COO Kathleen Fraher and former COO Antonio Martino, alleging in its complaint that the bank did not conduct sufficient suspicious activity monitoring despite warnings from government examiners that its Bank Secrecy Act compliance was inadequate. “On several occasions prior to November 2022, Lane and Fraher – and through them…

Bitpanda Business, the B2B app that involves Bitpanda’s cryptocurrencies, has launched new improvements for its business clients. The new benefits are available without management fees. Bitpanda Business: what are the new features of the B2B app that involves cryptocurrencies? Bitpanda Business and the growth of the B2B app that involves cryptocurrencies The new 500,000 registered users in Q2 2024 Bitpanda Business: what are the new features of the B2B app that involves cryptocurrencies? Bitpanda Business, the B2B product of Bitpanda dedicated to companies, has introduced new improvements to its app that involves cryptocurrencies. Among other things, there is the elimination…

Miami – Propy, a trailblazer in blockchain and AI-powered real estate solutions, has announced that renowned entrepreneur Grant Cardone has listed his Golden Beach, Florida, mansion on their blockchain-based platform for $42,000,000.—This listing, which accepts cryptocurrency, marks Cardone’s first foray into proptech, showcasing his continued innovation in business and real estate.Propy’s platform revolutionizes real estate transactions by using a decentralized title registry and escrow settlement protocol, which secures land records and transaction details. This technology eliminates fraud and simplifies the home-buying process, making it faster and more secure. Buyers have the option to pay in cryptocurrency, further modernizing the real…

pSTAKE Finance, backed by Binance Labs and a prominent figure in the liquid staking sector, is set to introduce a novel liquid staking solution for Bitcoin, constructed on Babylon’s framework. This development marks a significant extension of pSTAKE’s offerings beyond its initial focus area within the Cosmos network, where it first introduced liquid staking in 2021. In a strategic partnership with Babylon, pSTAKE Finance aims to streamline the staking process, thus enabling Bitcoin holders to engage in yield-generation activities without sacrificing the liquidity of their assets. This approach is anticipated to optimize yield opportunities for users and expand the utility…

Bitget, a major cryptocurrency exchange, is collaborating with Indian regulators to secure the necessary licensing to operate in compliance with local laws. On July 3, the company announced its ongoing discussions with India’s Financial Intelligence Unit (FIU) to obtain Virtual Asset Service Provider (VASP) registration. 1/ We are aware of the current difficulty in accessing the Bitget platform in India. We’re actively exploring ways to serve the region while ensuring our platform meets the region’s compliance requirements. — Bitget India🇮🇳 (@BitgetIndia) July 3, 2024 India’s rapid growth in the crypto sector, highlighted by its leading adoption rate in 2023, according…

SubWallet has announced the integration of key features designed to expand the functionality and accessibility of the Polkadot ecosystem. The new updates include support for Polkadot <> Kusama and Polkadot <> Ethereum bridges within its browser extension. On top of that, it includes the integration within the Asset Conversion pallet on its web dashboard. This new pallet allows users to swap between DOT, USDT, and USDC on the Polkadot Asset Hub network. Key highlights: SubWallet now supports Polkadot <> Kusama and Polkadot <> Ethereum bridges. The new Asset Conversion pallet enables swapping between DOT, USDT, and USDC. These updates significantly…

In the past two months, Bitcoin has maintained a sideways trading pattern following a significant rally that drove its price past previous all-time highs. This period of stability raises questions about what might drive Bitcoin into the next phase of growth. According to Cryptoquant analyst Gustavo Faria, historical surges in Bitcoin’s value have often aligned with notable increases in the global money supply (M2), indicating high liquidity and a strong investor risk appetite. Such conditions typically attract considerable new capital to the market, leading to peaks driven by retail investor FOMO (fear of missing out). However, this trend has not…

Web3 Foundation has announced a new grant awarded to PolkaPort East, aimed at furthering decentralization and bolstering community engagement within the Polkadot (DOT) ecosystem, as per the latest info shared with Finbold on June 4. This Decentralized Futures grant is the first such grant to an organization in Asia. Polkadot to drive growth in Hong Kong and the Greater Bay Area PolkaPort East, an independent entity focused on investor relations and growth initiatives in Hong Kong and the Greater Bay Area, will utilize the grant to drive regional growth. The initiative aims to promote Polkadot’s technology, fostering strategic investments and…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what you’ll find in today’s edition: Binance notched a small win in its suit with the SEC last week. Here’s what else the opinion said. Why the US ether ETF launches will come after Independence Day. We are days away from a big holiday weekend, but the economic calendar is still packed. Binance’s little win Like Coinbase did…

Duba-based digital bank Zand has signed a strategic partnership with Swiss crypto management platform Taurus to offer digital asset services. Swiss crypto management firm Taurus is now a “strategic partner” for Dubai-based digital bank Zand Bank as the financial lender wants to expand its crypto offerings and services tied to tokenized securities. Zand, licensed and regulated by the central bank of the UAE, said in a press release sent to crypto.news it will rely on Taurus’ crypto wallet services, both hot and cold, to offer custodian services for crypto, non-fungible tokens (NFTs), and digital currencies. Zand will also leverage Taurus’…