Author: NBTC

Paxos Digital Singapore Pte. LTD. received approval from the Central Bank of Singapore to offer digital payment token services. This approval allows Paxos to issue stablecoins that comply with Singapore regulatory standards. The Monetary Authority of Singapore (MAS) has granted Paxos the Major Payment Institution status, a testament to the company’s credibility and commitment to regulatory standards. With this approval, Paxos becomes a member of a group of 19 organizations authorized under Singapore’s stringent financial regulations. The move will expand the availability of US dollars by distributing stablecoins to a wider audience. Paxos’ approval to issue stablecoins in Singapore reflects…

Argentina becomes attractive for Bitcoin mining due to lower energy costs and favorable tax conditions in Zapala. Joint venture between Brazilian and Argentine companies launches a sustainable mining project in Neuquén province in October. Recent increases in electricity tariffs in Paraguay have prompted Bitcoin miners and data centers to seek more cost-effective alternatives, with Argentina emerging as a new favorable location for their operations. This shift is driven by Argentina’s comparative advantages in energy and tax incentives, particularly in the special economic zone of Zapala in Neuquén province. Operations Kickoff in Neuquén A joint venture between Brazilian and Argentine companies…

Solana just dropped a new video to promote XP, a decentralized alternative to TicketMaster. The release focuses on the problems with the US ticket industry and how XP solves this so-called ‘Ticketmaster problem’ with Solana. imagine not having to use ticketmaster ever again pic.twitter.com/ajKHGbg2MV — Solana (@solana) July 2, 2024 The video highlights excessive fees and lack of transparency in ticket pricing, where a $455 ticket to join a Taylor Swift show can end up costing $1088 due to various hidden charges. The US Senate scrutinized the ticket industry last year, revealing that about 70% of tickets are sold through…

Bitcoin’s (BTC) price surged by $3,000 following the latest U.S. Consumer Price Index (CPI) report for April, which indicated a slowdown in inflation, boosting investor sentiment towards risk assets. The U.S. Bureau of Labor Statistics reported a rise in consumer prices by 3.4% in April year-over-year, a decrease from March’s 3.7%. This slower inflation rate has influenced a positive shift in market dynamics, with major stock indices reaching new highs and cryptocurrency prices, including Bitcoin and Ethereum (ETH), seeing significant upticks. This data, provided by the U.S. Bureau of Labor Statistics, indicates a moderation in inflation, which is a positive…

Shiba Inu (SHIB) was subjected to a major downtrend as market investors failed to hang onto the hype within the ecosystem on updates from lead developer Shytoshi Kusama. At the time of writing, Shiba Inu is changing hands for $0.00002401, down by 4.89% in the past 24 hours. As Shiba Inu struggles to find its feet, three major on-chain metrics are worth watching closely. Shiba Inu reboot mission While some investors focus primarily on price trends, a lot of other key ecosystem stakeholders focus on network actions, which generally determine the potential for long-term upsurges. One of these is the…

The Shiba Inu community is abuzz with excitement following a significant development that could pave the way for a Shiba Inu Exchange-Traded Fund (ETF). Coinbase, a leading cryptocurrency exchange, has made a crucial filing that could potentially boost the prospects of a SHIB ETF, sending waves of optimism across the Shiba Inu community. Last Friday, Coinbase Derivatives filed new futures contracts tied to Shiba Inu and four other cryptocurrencies, marking a significant advance in the growing landscape of crypto-related financial products. Coinbase expects to debut the new futures contracts on July 15, pending CFTC approval. If approval is granted, Shiba…

Pan-African crypto exchange Mara reportedly lost approximately $16 million out of the $23 million raised from investors. Following the exchange’s collapse, founder and CEO Chinyere Nnadi is said to have launched a new entity called Jara. Nnadi reportedly argued that the exchange depleted its raised capital by paying high salaries to attract talent. CEO Avoids Mara’s Liabilities In 2022, the now-defunct Pan African crypto exchange, Mara, reportedly burned nearly $16 million from the $23 million it raised from investors. According to a Techcabal report, as much as $9.1 million of this amount was used to pay employee salaries, bonuses, and…

BTC climbed to its highest price since April 24, while Solana’s SOL and NEAR led crypto gains. Bitcoin could target the $84,000 level with altcoins performing well, Swissblock said. Crypto markets rallied with Wednesday’s as softer-than-expected U.S. inflation data jolted digital assets from their stupor. Bitcoin (BTC) surged past $66,000 for the first time since April 24, and was recently up more than 7% over the past 24 hours. Ether (ETH) changed hands near $3,000 but underperformed with a 4% advance during the same period. Solana (SOL) and near (NEAR) led gains among crypto majors with 8% and 12% jumps,…

NeoSPCC has released significant updates for three core NeoFS components. The updates center on enhancing functionality, improving compatibility with the latest Neo N3 Cockatrice hardfork, and streamlining the developer experience. NeoFS node v0.42.0 This update introduces new storage list commands to the neofs-lens tool, making it easier for developers to manage and navigate storage resources. Enhancements also include improved status messaging from the SN API Server and a fix for the GETRANGE request issue, ensuring more reliable data retrieval. Additionally, by moving IR contracts deployment code to the contracts repository and updating dependencies, the update simplifies maintenance and future development.…

Main Takeaways In a United States federal court ruling, Judge Amy Berman Jackson dismissed several key claims by the Securities and Exchange Commission (SEC), including the assertion that crypto tokens themselves are securities. The court ruled that the SEC failed to allege facts indicating that secondary market sales of BNB tokens on crypto exchanges were securities transactions. The court also rejected the SEC’s argument that Binance’s fiat-backed stablecoin, BUSD, classifies as an investment contract. While some of the SEC’s claims were dismissed, the court allowed certain claims to proceed at this point. However, we expect the SEC will face significant…