Author: NBTC

Police in Panshi City of the Jilin Province have successfully cracked down on a large-scale underground bank operation involving virtual currency, with the total transaction amount exceeding 2.14 billion yuan (approximately $317 million USD). The operation, which involved six suspects, facilitated illegal currency exchange between the Chinese yuan (RMB) and the South Korean won (KRW) by exploiting the anonymity and decentralized nature of virtual currencies. According to authorities, the investigation began after the Panshi City Public Security Bureau’s Economic Investigation Brigade discovered suspicious activity linked to two individuals, Jin Moudong and Shen Mou. The investigation revealed a high volume of…

Rising anticipation surrounds the once-dominant Bitcoin exchange, MtGox, as recent updates on the Kraken BTC and BCH payment API interface point to major upcoming movements. Data on Reddit reveals that the interface now reads “payment in preparation” with a timestamp dated May 13. It signals that MtGox is getting ready to finally release its massive holdings, which include 142,000 bitcoins (BTC), 143,000 bitcoin cash (BCH), and 69 billion yen. This massive disbursement is expected to reach creditors no later than October 31st. For a very long time, MtGox has been a mix of hope and despair for many investors. Founded…

Amid growing scrutiny over financial trades by members of Congress, Representative Barry Moore has disclosed a Bitcoin (BTC) purchase made a month before the cryptocurrency‘s halving event, sparking discussions about the timing and insights behind such investments. While some lawmakers have faced criticism for poorly timed trades, Moore’s move—positioned just days before a major reduction in Bitcoin’s supply—contrasts sharply with recent trading losses by other officials, showcasing a potentially savvy understanding of cryptocurrency trends. Barry Moore’s strategic Bitcoin purchase Moore disclosed a Bitcoin purchase made on March 30, 2024, just before the Bitcoin halving event, an occasion known for influencing…

Changpeng Zhao, known widely as “CZ,” is a pivotal figure in the digital finance realm whose career trajectory exemplifies both meteoric rise and significant setbacks within the cryptocurrency industry. As the founder of Binance, the largest global cryptocurrency exchange by trading volume, Zhao’s influence has been substantial. However, his journey has been fraught with regulatory challenges that culminated in his dramatic resignation. Launched in 2017, Binance quickly became a dominant force in the cryptocurrency market under Zhao’s leadership. Originating from a modest background in China, Zhao leveraged his experience in software development to build an exchange that facilitated billions in…

Binance Futures, one of the world’s leading cryptocurrency derivatives exchanges, announced that margin asset support affecting XRP and TrueUSD (TUSD) in Multi-Asset Mode has been cut. Effective May 28, 2024 at 09:00, Binance Futures will stop supporting XRP and TUSD as margin assets in Multi-Asset Mode. Additionally, the transfer limit for XRP and TUSD in this mode will be set to zero starting from 09:00 on May 14, 2024. Following termination, all remaining XRP and TUSD balances in USDⓈ-M Futures wallets on Binance Futures will be automatically converted to USDT at the specified rates within approximately 24 hours after 9:00…

We are now just hours away from the Bitcoin halving. If you still don’t know what that means, now’s the time to clear that up. In short, the issuance of new bitcoin per block is set to drop from 6.25 BTC to 3.125 BTC. While many analysts and executives have weighed in on what this roughly quadrennial event will spur from a bitcoin price action standpoint, what we know is that nobody knows for sure. Segment observers have looked at the three past halvings in 2012, 2016 and 2020 for help — though that isn’t exactly a large sample size.…

Polkadot is expecting to overhaul its Relay Chain protocol in the near future; however, before that happens, it has made a very important upgrade. The protocol called the latest upgrade “Asynchronous Backing,” an optimized approach for how parachain blocks are validated by the Relay Chain. How will Polkadot benefit? Upgrades on Polkadot are not new as several referendums are being voted on regularly. With Asynchronous Backing, the Relay Chain becomes 2x faster in block production. Additionally, it now becomes 3-5x more extrinsic per block, with a 6-10x boost in blockspace availability. In the Polkadot ecosystem, parachain or sub-blockchains are at…

In a scathing post on the X social media platform, Tether CEO Paolo Ardoino took an apparent shot at Ripple’s Brad Garlinghouse after the latter suggested that the US government is “going after Tether” during his recent podcast appearance. As reported by U.Today, Garlinghouse said it was “clear” to him that the leading stablecoin issuer was in trouble with the U.S. government. Garlinghouse also added that it would be hard to foresee the exact impact that this is going to have on the broader cryptocurrency ecosystem due to the sheer size of the Tether. According to CoinGecko, the market cap…

Crucible, a trailblazer in the gaming and 3D world-building industry, has revealed the upcoming launch of the Emergence Marketplace, slated for release this Summer. This marketplace, developed in collaboration with Open Meta, promises to revolutionize world-building and gaming, offering an unparalleled hub for on-chain, interoperable ecosystems.—The Emergence Marketplace stands out in the industry for its unique focus on interoperable assets with high utility. Unlike traditional marketplaces, players will have the freedom to utilize their purchased assets across various games and worlds, ushering in a new era of seamless gaming experiences.Built upon the success of the Emergence SDK, which boasts over…

To enhance financial services for customers across the UK and European Economic Area (EEA), OpenPayd, an embedded finance and Banking-as-a-Service (BaaS) platform, has announced a strategic partnership with Wirex, a Web3 money app. This collaboration aims to fortify easy, fast, and secure payment solutions. Under the newly forged partnership, OpenPayd will facilitate the issuance of named virtual IBANs to Wirex customers in over 30 countries spanning the UK and EEA regions. These virtual IBANs will grant customers access to the Faster Payments network in the UK and enable Single Euro Payments Area (SEPA) Instant transactions for Euro-denominated deposits and withdrawals.…