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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Legal

Trading 212 Gains Crypto License in Cyprus

By NBTC

Trading 212, a popular brand offering cash equities and contracts for differences (CFDs), has secured a crypto asset service provider (CASP) license from the regulator in Cyprus. According to the registry of the Cyprus Securities and Exchange Commission (CySEC), the CASP license was awarded to a local entity named Trading 212 Crypto Ltd on 20 May 2024. The newly formed entity is separate from Trading 212 Markets Ltd, which holds a Cyprus Investment Firm (CIF) license. Under the license, the Trading 212 brand can offer exchanges between crypto assets and fiat currencies, along with custodial services for cryptocurrencies. However, it…

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Bitcoin

Donald Trump is now ‘good with’ Bitcoin, wants its future ‘made in the USA’

By NBTC

US Republican presidential candidate Donald Trump has apparently changed his mind about Bitcoin. The former Commander-in-chief previously said he’s “not a fan of Bitcoin,” said it “seems like a scam,” and claims it “can facilitate unlawful behavior, including drug trade and other illegal activity.” However, he’s now claiming that he’s “fine” and “good” with the world’s leading crypto and that its future “will be made in the USA.” The about-face took a few years. As the US President on July 11, 2019, Trump tweeted clearly, “I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and…

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Altcoins

New Ripple-Archax Deal Bets Big on Tokenized Real-World Assets

By NBTC

Ripple, the blockchain payments company behind XRP, and Archax, a regulated digital asset exchange, are expanding their partnership to bring hundreds of millions of dollars in tokenized Real-World Assets (RWAs) to the XRP Ledger. The move positions the XRP Ledger as a frontrunner in the emerging market for tokenized assets. In a post on its official X account, Ripple highlighted aspects of the partnership, noting that XRPL will benefit from Archax’s existing partnerships with leading financial institutions in the tokenization of RWAs. As a result, those institutions could use the XRPL to tokenize their assets following the recent Ripple-Archax partnership.…

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Legal

Regulatory Oversight Intensifies for Gala Token in South Korea

By NBTC

According to reports, the Digital Asset eXchange Alliance (DAXA), a consultative body of South Korea’s top cryptocurrency exchanges, has extended its close monitoring of the Gala (GALA) token. The extension will allow DAXA to conduct a more thorough review of the token’s status. DAXA is a consultative body launched by Korea’s top five crypto exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax. The body launched in 2022 amid calls for preemptive measures to protect customers from potential crypto-related fiascos. At launch, DAXA declared its aim to drive the sustainable growth of the crypto industry in Korea and develop measures to…

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Exchanges

Binance ZK Listing Launched With Allocation of Additional 10.5 Million Tokens to Users

By NBTC

Key Points: Binance ZK listing will take place at 08:00 (UTC), along with the distribution of additional airdrops to users. The exchange will allocate 10.5 million ZK tokens to 52,500 users meeting specific criteria. The additional airdrop responds to criticism of zkSync’s initial airdrop criteria. Binance has announced the listing of zkSync (ZK), with trading set to commence at 08:00 (UTC). Binance ZK Listing Starts Today The new spot trading pairs will include ZK/BTC, ZK/USDT, ZK/FDUSD, and ZK/TRY. According to the Binance ZK listing announcement, users can now deposit tokens, while withdrawals are expected to open at 08:00 (UTC) on…

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Bitcoin

EOS Bets Big on Bitcoin with ExSat Layer 2 Integration: Revolutionizing Crypto Transactions

By NBTC

Demand for Bitcoin block space is growing, but the ecosystem infrastructure is groaning. ExSat, a new Layer 2 for Bitcoin, has developed a technology stack that combines the trust and security of Bitcoin with the modular capabilities of EOS RAM to deliver a layer that unlocks new scalability and functionality for the granddaddy of all blockchains. “Bitcoin has long been the most significant source of value in the blockchain ecosystem. It accounts for around half of the total market capitalization of all cryptocurrencies.” Discover how ExSat is revolutionizing Bitcoin scalability and functionality by leveraging EOS RAM, creating new opportunities for…

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Altcoins

Notcoin surges 16% with new Binance trading pair listing

By NBTC

Notcoin, the Telegram-based clicker game, surged 16% following a new trading pair listing for NOT, its native token, on the world’s largest crypto exchange, Binance. At the time of writing, the token is up 10%, trading at $0.018, according to CoinMarketCap. The crypto asset is among today’s top gainers, while its market cap rose to $1.84 billion. NOT 24-hour price chart | Source: CoinMarketCap NOT has also experienced a 65% surge in its 24-hour trading volume, reaching $1.26 billion. However, the token is trading 37% lower than its all-time high of $0.0289, reached on June 2. Notcoin’s recent surge comes…

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Legal

Former Thodex CEO Faruk Özer starts 11,196-year prison sentence

By NBTC

Faruk Fatih Özer once took a hardware wallet holding $2 billion worth of crypto through airport security while fleeing arrest. This week, he is entering prison to start a 11,196-year prison sentence. Özer founded Thodex, Turkey’s once-largest crypto exchange, and used it — with help from his family — to steal untold sums from his customers. His brother and sister received the same, 11,196-year sentence. That is, the judge noted, more years than 50 humans could physically serve and the longest sentence ever handed down by a Turkish court. Read more: Thodex chief denies fraud, says crypto exchange was hacked…

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Exchanges

CoinShares Rebrands XBT Provider, Targets Nordic Expansion

By NBTC

CoinShares International Limited, a leading digital asset investment company, has announced the rebranding of its long-standing crypto ETP brand, XBT Provider, to "CoinShares XBT Provider." This move aligns with the company's group strategy and sets the stage for expansion in the second half of 2024. Since its inception in 2015, CoinShares XBT Provider has been a pioneer in the crypto ETP space, offering the world's first Bitcoin and Ethereum-based exchange-traded products. With current assets under management (AUM) of $3.4 billion, the company has established itself as a trusted choice for Nordic investors seeking regulated crypto exposure. As part of its…

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Bitcoin

Mt Gox distributions may not be all doom and gloom for bitcoin

By NBTC

Movement of bitcoin from the known Mt Gox wallet to a new address earlier this week caused a bit of panic as investors wondered what was happening. Former CEO Mark Karpelès assured people that the move was made to prepare for distributions. The estate then put out a statement echoing Karpelès. None of this is out of the norm, as the trustee has to prepare for the distributions which have a deadline of Oct. 21. Obviously, the distributions have the potential to apply a lot of pressure on the market. It’s also a hotly discussed topic, with research firms like…

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