Author: NBTC

China’s JunHe Law Firm has released a report addressing the anti-money laundering (AML) challenges posed by digital yuan. JunHe’s Partner Chen Xin recently co-authored and published The Anti-Money Laundering Challenges and Opportunities of the Digital Yuan, an article that analyzes China’s central bank digital currency (CBDC)’s AML compliance. JunHe’s Report on Digital Yuan AML Compliance As a digitalized legal tender directly issued by the People’s Bank of China (PBOC), the digital yuan is poised to innovate payment systems but also faces unique vulnerabilities that could be exploited for illicit activities. A major concern was the potential for the digital yuan…

Not many days ago, the launch of the tokens of the world’s leading stablecoin (USDT) on the Telegram crypto network, TON, was announced. Yesterday Bitfinex exchange announced support for USDT on TON. Telegram: USDT on the crypto network Ton lands on Bitfinex USDT and TON The role of the Bitfinex exchange Telegram: USDT on the crypto network Ton lands on Bitfinex TON, or “The Open Network”, is a decentralized blockchain backed by Telegram. The project was actually born several years ago with a direct ICO of Telegram Messenger, which was later stopped by the SEC. However, Telegram did not stop…

Nym, a pioneer in digital privacy solutions, has joined forces with the Optimism Foundation, marking a significant milestone in advancing online privacy and security. This collaboration highlights a shared commitment to harnessing blockchain technology to enhance internet privacy for users globally. Introducing Optimism: A Vanguard of Ethereum Scaling Optimism is at the forefront of Ethereum scalability solutions, with its development of the Superchain—a network of OP Chains built on the OP Stack. This initiative is part of the Optimism Collective, which includes companies, communities, and citizens united in their mission to foster a more open internet. The collective’s work focuses…

James Hunsaker, a former employee of Jump Trading, made a shocking statement in the Terraform Labs case today. Hunsaker revealed that he had filed a notice against Jump Trading with the SEC, alleging Do Kwon’s role in backing the UST algorithmic stablecoin before its $40 billion collapse in 2022. Jump Trading Spent Hundreds of Millions of Dollars to Save LUNA 1 Year Before the Real Collapse According to the statement, Jump Trading, a mysterious frequent trading firm that also owns cryptocurrency, had entered into a “significant agreement” with Terraform Labs (TFL) to increase adoption of UST. Hunsaker, who worked at…

Ripple CTO David Schwartz and Cardano creator Charles Hoskinson have ignited a fiery debate over the fate of XRP within the cryptocurrency community. The discussion, which unfolded on social media platforms, delved into allegations of conspiracy surrounding regulatory actions against XRP. The exchange began when Hoskinson addressed accusations that members of the Ethereum community had influenced regulatory decisions against XRP. He vehemently dismissed such claims as baseless conspiracy theories, emphasizing the lack of evidence to support such assertions. In response, Schwartz challenged Hoskinson’s stance, pointing to potential conflicts of interest involving former SEC official William Hinman, who allegedly had ties…

Binance Japan, one of the leading cryptocurrency exchanges in Asia, has announced the addition of a new XRP trading pair: XRP/JPY. In an official blog post, Binance says it will be adding four Japanese yen-denominated trading pairs to spot trading beginning April 30, 2024, at 5:00 p.m. (Japan time). These are XRP/JPY, ADA/JPY, SHIB/JPY and SOL/JPY. Trading bot services for the said trading pairs will also be enabled on this date. The XRP/JPY pair, along with the Japanese yen-denominated trading pairs mentioned above, will be eligible for the current buy-and-sell transaction fee-free campaign, which waives both maker and taker fees.…

Global payments infrastructure provider Mercuryo has announced its integration with zkSync, a Layer 2 scaling solution for Ethereum. This integration introduces an intuitive on-ramp service facilitating the conversion of fiat currency into digital tokens for users of the protocol. Transaction Simplification and Cost Efficiency Enhancement The integration holds the promise of enhancing the user experience within applications operating on the zkSync protocol. Specifically, it enables these applications to offer direct fiat-to-crypto purchases within their interface. Mercuryo’s involvement as a payments provider is anticipated to streamline transactions and render them more cost-effective by eliminating the necessity for applications to bridge assets…

The FED left interest rates unchanged at 5.25-5.50 percent in March. After the March decision, the markets turned to the May interest rate decision this week. When Will the May FED Interest Rate Decision Be Announced? While the third FED interest rate decision of 2024 is expected to have an impact on gold, dollar, oil, Bitcoin (BTC) and crypto currencies, the FED will announce its May decision on May 1 at 21:00 CET. FED President Jerome Powell will make a statement after the decision. In Which Direction Are Expectations Concentrating? Macroeconomic data that signals that the fight against inflation may…

Polkadot community is gearing up for the entire protocol upgrade to Polkadot 2.0. These fundamental and other positive trends in the Polkadot ecosystem present good boosts for DOT price. In anticipation of the impending launch of Polkadot 2.0, speculations is high on whether the update would be a game changer for Decentralized Finance (DeFi) or if it is just overhyped. These discussions follow a potential rally for Polkadot’s native cryptocurrency, DOT. Polkadot 2.0 Update Polkadot is a leading layer zero blockchain platform that enables secure communication across blockchains. As seen in a YouTube video by Crypto News Flash, the Polkadot’s…

Andromeda has made a major breakthrough as it has been listed on the Gate.io cryptocurrency exchange. Gate.io is one of the most reputed and reliable cryptocurrency trading platforms. With $ANDR now available for trading, the Andromeda team has opened up new trading and liquidity providing opportunities for the project’s community. Gate.io Offers Low Trading Fees and Free NFT Services Gate.io has established itself as a top-tier trading platform with formidable trading infrastructure and UX experience. The exchange creates a completely novel trading environment by offering highly sophisticated tools for both beginners and seasoned traders. Moreover, the platform has all-inclusive user…