Author: NBTC

ONTO Wallet has partnered with Swiss fintech Fiat24 to offer NFT-powered digital banking services. Users can now open Swiss IBAN accounts within the ONTO app and manage their tokens seamlessly. This partnership integrates Web3 technology into real-world applications. It also highlights the potential of decentralized identity (DID) systems in revolutionizing digital banking. Fiat24 and ONTO Wallet Offer Swiss IBAN Accounts via NFT Integration DID systems help users directly govern their digital identities, which are more private and secure than traditional identification schemes. These systems are expected to play significant roles in the future of banking and DeFi. These systems also…

According to a recent report by Forbes, Point72 Ventures, an early-stage venture capital firm that was launched by billionaire Steven Cohen, is ditching fintech and cryptocurrencies in order to focus on artificial intelligence. Several investors from fintech and crypto teams have been fired, according to anonymous sources cited by the outlet. Apart from AI, Cohen’s VC firm has also prioritized defense industry startups. Point72 told Forbes that it keeps “optimizing” its strategy based on emerging market opportunities. As reported by U.Today, Cohen, whose net worth is estimated to be $19.8 billion, revealed that he owned “a little bit” of Bitcoin…

Cardano (ADA) founder, Charles Hoskinson, posted on X, expressing his disdain for a few in the crypto media, highlighting the “profound disconnect between reality and opinion with the cryptocurrency influencer and media perception of Cardano versus its actual fundamentals.” Never in my career have I seen such a profound disconnect between reality and opinion with the cryptocurrency influencer and media perception of Cardano versus its actual fundamentals. We are on the verge of the most significant hard fork in the history of the project, tons of… — Charles Hoskinson (@IOHK_Charles) June 6, 2024 Hoskinson pointed out that the Cardano blockchain…

A recent report highlights the impending impact of the European Union’s Markets in Crypto Assets Regulation (MiCA) on cryptocurrency trading surveillance. Commissioned by Eventus, the report, “The Impact of MiCA on Crypto Market Surveillance: Insights and Challenges,” draws from interviews with senior executives at 68 firms involved in crypto trade, conducted by Acuiti. MiCA, a pioneering regulatory framework within a major financial jurisdiction, is prompting a surge in efforts to establish comprehensive market surveillance systems across the industry. The regulation, akin to the EU’s Market Abuse Regulation (MAR), mandates stringent requirements for market participants, ushering in new operational standards. According…

Yield App has announced that it has halted all activity on its crypto investment platform with ‘immediate effect’ after admitting it had lost funds on FTX a year and a half after it collapsed. The company said its assets were held by a series of third-party hedge fund managers that were using FTX as custody. As a result, it says it’s preparing to enter liquidation and is in the process of taking legal action against the managers. In a statement, Yield said, “This decision has been made to ensure fair and equal treatment for all Yield App’s users and stakeholders.”…

Bitcoin (BTC) might benefit from China in a rare move from a market with a deep stake in real estate. While trailing behind the United States in capital for market liquidity, China is still an important region that can influence market recovery. Dan Tapiero sentiment Dan Tapiero, the founder and CEO of 10T Holdings, teased the massive Chinese accumulation that is underway. For a country whose real estate sector was in shambles as of 2020, the government is now considering implementing quantitative easing (QE), a measure that will encourage a firm’s borrowing efforts. While QE is an economic measure that…

Non-fungible tokens (NFTs), once hailed as the future of digital collectibles, experienced a sharp downturn in June. According to the crypto analytics platform Artemis, the NFT sector recorded the worst performance among 21 sectors, with a staggering 51.5% decline. This trend raises concerns about the sustainability of the NFT market. Sales Slump Across Major Blockchains: Can NFTs Bounce Back? The decline is further evidenced by data from CryptoSlam, which shows a 46.03% decrease in NFT sales volume, amounting to $480 million over the past 30 days. Major blockchains like Ethereum, Bitcoin, and Solana saw NFT sales plummet by 38% to…

Key Points: Spot Ethereum ETF approval could take place on July 4, with major firms like BlackRock and Grayscale involved. Spot Bitcoin ETFs launched successfully in January, but Ethereum ETF listings might be delayed until September 2024. Analysts doubt Ethereum ETFs will match Bitcoin ETF success due to smaller market cap and trading volumes. The U.S. Securities and Exchange Commission (SEC) is nearing the approval of exchange-traded funds (ETFs) tied to the spot price of Ethereum, with a potential green light as early as July 4, according to Reuters. Ethereum Spot ETF Approval Day Is Approaching Eight ETF issuers, including…

While EOS is rarely mentioned as a blockchain with a real-world use case, the cryptocurrency has proven to be very useful in the latest extradition of an Uzbek national living in Ukraine: Nikita Sklyuev, also known as Valeriy Dorojkin, was finally extradited this week to face charges related to wire fraud from 2019. According to documents from the 2019 charges, Sklyuev created a fake EOS wallet explorer that was able to access the private keys of a user who held over two million EOS — valued at $11.8 million at the time — and move the crypto onto Binance and…

Bybit, the world’s second-largest web3 platform by trading volume, has marked a significant milestone in its commitment to the Turkish market by rebranding and upgrading Narkasa to Bybit Türkiye. Operated by Narkasa Yazılım Ticaret Anonim Şirketi, a Turkish domiciled entity, Bybit Türkiye (bybit-tr.com) aims to provide a more localized and secure crypto trading experience for users in Turkey. Bybit Türkiye upgrade offers enhanced features for Turkish users On June 25th, Bybit Türkiye introduced a comprehensive suite of new features designed to cater to the needs of Turkish crypto enthusiasts. This upgrade reflects Bybit’s dedication to enhancing the user experience and…