Author: NBTC

Hong Kong bankers are increasingly eyeing opportunities in the Middle East as interest in Asia’s self-acclaimed “World City” increases. This trend is marked by notable developments like the upcoming market forum co-hosted by the Hong Kong Exchange and its Saudi Arabian counterpart. As revealed by Bloomberg, this partnership signals the emerging collaboration between the two regions. Moreover, Bahrain-based Investcorp Holdings recently unveiled plans to launch a $1 billion fund. This initiative targets Chinese companies listed in Hong Kong, further highlighting increased cross-regional investment strategies. Bloomberg’s insights noted that the Middle East’s favorable tax environment is a significant catalyst for growing…

Woof, a key figure behind WoofSwap, has introduced DAMN, a new token that is now positioned to spark interest in Sibarium. The token has already gained the tag of being a SOL killer. TVL of $2.45 million has welcomed its introduction, and it has grown by approximately 6.371% over the last month. That is specifically applicable to Shibarium. Woof has backed the introduction of DAMN, stating that it is a captivating decentralized experiment that resides in Shibarium. They have clarified that ownership is in the hands of the community and not in their hands, adding that it is a collective…

Widely followed crypto commentator Jack Straw has suggested that XRP could replace Japan’s need for U.S. dollars. Straw expressed this view on X amid Ripple’s latest partnership with HashKey DX to introduce XRP Ledger-based solutions in the Japanese market, as recently reported by The Crypto Basic. Ripple is pushing this initiative alongside the Japanese financial giant SBI Group. This collaborative effort will first launch supply chain solutions for the finance industry powered by the XRPL blockchain. XRP Ledger Growing Stronger In Japan Notably, blockchain’s role in supply chain finance has gained traction over the years as firms tackle security issues.…

CCData, a leading provider of digital asset market data and analysis, has recently released the latest edition (April 2024) of its highly anticipated Exchange Benchmark report. This comprehensive study, which has become an industry standard for evaluating the risk associated with cryptocurrency exchanges, offers valuable insights into the rapidly evolving digital asset landscape. The Exchange Benchmark, first launched in 2019, has undergone significant expansions and enhancements to its methodology, now encompassing over 100 exchanges across 8 key categories, including Security, Legal/Regulation, KYC/Transaction Risk, Team/Exchange, Data Provision, Asset Quality/Diversity, Market Quality, and Transparency. The report covers both centralized exchanges (spot and…

Kwenta, a leader in the decentralized finance sector, disclosed a radical upgrade on its user interface, from V2 to V2X. The platform-wide overhaul was designed to change the Kwenta user interface experience for its flagship Optimism product. The Kwenta core group has been working on the overhaul project for some time now, intending to redesign Kwenta before the launch of the new V3 Perps mechanism later in the year. Kwenta has been crafting one of our most significant UI upgrades from the ground-up.Step in to the new v2x, a masterfully built interface for our most popular product on @Optimism.Check out…

Iran and Russia are working on CBDC and “digital financial asset” (DFA)-powered trade solutions, an Iranian official has confirmed. Speaking to the Russian media outlet Izvestia, Rahimi Mohsen, the trade attaché of the Iranian Embassy in Russia, said that “nations” were “exploring the use of DFAs and central bank digital currencies.” Mohsen claimed that CBDC-powered “options” could “simplify trade” between Tehran and Moscow. Iran and Russia: ‘There’s a Need to Create Regulations for CBDC Trade’ The attaché stated that CBDCs, including the digital ruble and Iran’s project, the so-called crypto-rial, could “potentially mitigate the impact of sanctions.” Russia has been…

Circle has announced the integration of its USDC stablecoin natively into the zkSync ecosystem. The integration marks a progressive step in enhancing liquidity and usability within zkSync, a layer 2 scaling solution for Ethereum (ETH) that leverages zero-knowledge proofs for increased efficiency and reduced costs. According to the latest blog post from Circle, “The forthcoming native USDC on zkSync is set to usher in a new era of seamless transactions and integration capabilities for developers and institutional users alike. USDC, issued by Circle, will be native to zkSync and is the official form of USDC for the zkSync ecosystem.” The…

Jan3 boss Samson Mow has taken to X to comment on the arrest of Roger Ver – Bitcoin’s “original gangster” who switched to supporting BTC hardfork Bitcoin Cash in 2017. Roger Ver arrested in Spain An early BTC supporter known as “Bitcoin Jesus,” Roger Ver, has been arrested in Spain on charges of avoiding major tax payments to the U.S. IRS. Ver was taken into custody over the charge of causing a loss to the Internal Revenue Service of $48 million, minimum. In 2017, Ver sold a whopping $240 million worth of Bitcoin from his companies and paid no tax…

Prominent global crypto exchange KuCoin is rolling out its 27th Spotlight Token Sale, an initial exchange offering (IEO) that showcases Lifeform (LFT), an innovator in decentralized digital identity (DID) solutions. The exchange communicated this development in a statement on Thursday via its official website. The upcoming Spotlight event will include Lifeform’s token sale, which has a hard cap of $150,000 USDT. Notably, the sale will offer 5,000,000 LFT tokens, which will be distributed among 3,000 winning lottery tickets. Starting on May 6, at 10:00 UTC and running until May 12, 2024, at 16:00 UTC, KuCoin will capture hourly snapshots of…

Recently, Prom achieved a major milestone in its development by integrating NEAR’s Data Availability to its ecosystem. Prom’s decision to integrate DA addresses one of the prominent difficulties in blockchain architecture. In addition to this, it also opens the floodgates for Prom’s rollup developers to have access to exceptional scalability opportunities. Prom Integrates NEAR Data Availability Into the EcosystemWe are excited to announce another strategic integration: we’re implementing @NEARProtocol DA solution to unlock scalability opportunities for rollup developers into our ecosystem.NEAR’s Data Availability solution… pic.twitter.com/EikoFa4bVk — Prom (@prom_io) May 3, 2024 NEAR’s DA Solution Empowers Prom Ecosystem Developers NEAR’s DA…