Author: NBTC

Gate.HK, the Hong Kong wing of the global cryptocurrency exchange, Gate.io, is in the process of shutting down and has not been listed to carry out its crypto trading platform business in the region. This was expressed in a statement made by the company on Wednesday. It started in May 2023 and applied for the approval with Hong Kong Securities and Futures Commission (SFC) in February but the service withdrew its application on May 22. Urgent User Action Required In the same statement, Gate.HK asked its users to pull out their funds by August 28, pointing to a major revamp…

Nimble Network, an innovative platform known for its decentralized AI OrderBook, has recently entered into a strategic partnership with Surf Protocol, a leader in permissionless derivative trading on Bitcoin L2. This collaboration is set to transform Bitcoin’s native on-chain leverage trading by introducing advanced AI solutions that enhance liquidity efficiency and yield strategies in decentralized finance (DeFi). Revolutionizing DeFi Trading with AI-Enhanced Solutions Nimble Network‘s groundbreaking AI OrderBook facilitates the connection of decentralized GPUs and data resources, enabling AI builders to efficiently develop and manage verifiable AI models on-chain. This technology is particularly significant in the realm of DeFi, where…

From an obscure footnote known to only the more tech-savvy in a much more insular internet, Bitcoin has transformed into an important player in today’s financial landscape. However, while we’re all keenly aware of BTC’s impact on financial markets (a more or less permanent fixture of the news cycle), we often forget to take a step back and look at how this new frontier affects real change and real people. For those historically marginalized by traditional banking due to barriers like poor credit or lack of accessibility, BTC has emerged as a vital financial tool. Its impact is most profound…

The US Securities and Exchange Commission said it has approved the launch of spot Ethereum ETFs for accelerated launch, according to Phoenix News. @EricBalchunas and I cant see it on the front facing website yet but Phoenix is always right in my experience. https://t.co/xI37RVXqRo — James Seyffart (@JSeyff) May 23, 2024 Ethereum ETFs face a weeks-long process of finalizing S-1 registration statements, a form required by the SEC for ETFs to list securities, and establishing exchange agreements through multiple rounds of SEC communication. The move is expected to bring a substantial influx of institutional capital into the Ethereum market, with…

The landscape of crypto taxes is varied and dynamic, with some nations emerging as particularly friendly to crypto investors and traders. Countries with low taxation on cryptocurrencies reap the benefits of increased investment, innovation, and economic growth, creating a compelling argument for the adoption of similar policies worldwide. Contrasting these havens are countries with more stringent crypto tax laws, which can stifle local market growth and push investors to seek more favorable environments. High-tax countries often see a brain drain in talent and capital, which can be detrimental in the long run. Evaluating Crypto Taxes For crypto investors and businesses,…

April has come to an end and Bitcoin price closed the month in the red zone after a long period of time. Today, the cryptocurrency market has lost blood in general and daily losses have reached double digits in most altcoins. Despite this, cryptocurrency developers continue to develop altcoins, most of which are open source. Here are the altcoins that developers focused on the most during April and the ranking of their developer scores: Optimism (OP) – 541 Hedera (HBAR) – 459 Cardano (ADA) – 432 Chainlink (LINK) – 397 Polkadot (DOT) – 390 Ethereum (ETH) – 323 Cosmos (ATOM)…

After passing in the US House of Representatives Wednesday evening with widespread bipartisan support, the Financial Innovation and Technology for the 21st Century Act, known as the FIT21 Act, is headed to the Senate. FIT21 advanced Wednesday with the support of 71 House Democrats, including Reps. Nancy Pelosi, D-Cali., and Josh Gottheimer, D-N.J. Representatives passed the bill with two amendments proposed by Reps. Brittany Pettersen, D-Col., and Ralph Norman, R-S.C., respectively. Norman’s amendment requires the Treasury Department, the CFTC and the Securities and Exchange Commission to complete a joint study and submit a report to Congress that identifies any digital…

In a bid to demonstrate cheap payments with USDC, Coinbase faced backlash from the Bitcoin community for not selling pizzas for BTC during Bitcoin Pizza Day. Cryptocurrency exchange Coinbase came under fire from the Bitcoin community for its unconventional celebration of Bitcoin Pizza Day, opting to sell pizzas exclusively for USDC instead of Bitcoin, triggering a wave of criticism. On May 22, Coinbase launched its celebration by rolling out the Coinbase Pizza Truck in New York, offering pizza slices for $1. However, the only catch was that the exchange only accepted USDC, a stablecoin issued by Circle, Coinbase’s long-time friend,…

As AI continues to work itself into our daily lives, it’s hard not to see the impact it’s already having on nearly every sector. Within the finance industry, for example, AI is facilitating smarter investments, analyzing market trends and predicting stock performance, ultimately helping individuals and institutions make more informed business decisions. While most of the advancements with AI are exciting and continue to push different industries forward, there are those abusing the technology for more nefarious purposes. With generative AI, one of the biggest risks that individuals and organizations need to be aware of are called “deepfakes.” You’re reading…

The increase in assets under management for Bitcoin (BTC) exchange-traded funds (ETFs) is not only significant in itself, but also creates significant additional demand for the underlying cryptocurrency, Canaccord Genuity, a leading brokerage firm, said in a research report. revealed. Bitcoin ETFs Lead to Increase in Spot Demand, Canaccord Reports During the 2024 Digital Assets Symposium held last Thursday, Canaccord hosted leaders from 29 crypto-related companies to learn about current market dynamics. According to analysts led by Joseph Vafi, it has become increasingly obvious that ETFs not only attract investment but also increase demand for spot BTC. The report only…