Author: NBTC

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin purchases and investments. At this point, DWF Labs recently announced that it has established a partnership with DeXe Network (DEXE). Sharing from the X account, DWF Labs said: “We are excited to announce that our newest ecosystem partner is DeXeNetwork! I’m pleased to share that we’ve built our DAO in DeXe and published several offerings for collaboration within the DeXe DAO. Today our liquidity partnership proposal was approved by the community. I believe DAO tools on DeXe will be…

Recent discussions between House leaders and Senate Majority Leader Chuck Schumer may lead to action on stablecoin legislation during this summer’s session or in the year-end lame-duck session, according to investment bank TD Cowen. House Financial Services Chair Patrick McHenry and ranking member Maxine Waters met with Schumer last week to deliberate on stablecoin legislation, a key area of financial technology that needs regulatory clarity. According to reports from Punchbowl News and Politico, the discussions also explored the possibility of tying the stablecoin bill to critical legislative items such as the Federal Aviation Administration (FAA) reauthorization and a proposed cannabis…

El Salvador moved more than 5,000 BTC into a cold wallet this week. The disclosure by President Nayib Bukele nearly doubles the country’s known stash of the digital asset. Bitcoin-forward Central American nation El Salvador this week moved $400 million worth of bitcoin (BTC) – “a big chunk” – into a cold wallet, according to its President, Nayib Bukele. In a post on X (formerly Twitter), Bukele referred to the new setup as “our first #Bitcoin piggy bank.” El Salvador stored the cold wallet “in a physical vault within our national territory,” he said, including a photo of a wallet…

PV01 completed its proof-of-concept issuance of a tokenized bond, a U.S. treasury bill, with market makers B2C2, BlockTower Capital and Keyrock investing. Tokenization of real-world assets like bonds have become a booming sector in blockchain industry. The company “hopes” to facilitate a tokenized corporate bond sale of a crypto firm “in the next few months,” Boonen said. Tokenization company PV01, helmed by founders of crypto market maker B2C2, has completed its first tokenized bond sale under English law, the team said Tuesday, marking a crucial step towards a goal of creating a bond market on blockchain rails – including corporate…

In a dramatic turn of events, the crypto space witnessed the rise of Toncoin (TON) as it surpassed Cardano (ADA) in market capitalization, securing a spot in the coveted top 10. Over the past 24 hours, Cardano slipped from ninth place to tenth, with a market capitalization of $21.65 billion. The spotlight now shines on TON, a blockchain project associated with Telegram, the renowned messenger platform. Fueled by ambitious announcements from Pavel Durov, the billionaire behind Telegram, Toncoin’s recent surge has been nothing short of meteoric. With plans to integrate Toncoin into the messenger platform and initiate its acceptance as…

The price of Bitcoin {{{BTC}}} fell to as low as $67,000 Friday in Asia’s morning, down 7%, before recovering to around $68,500. “It is very difficult for these short sell-offs to put a lasting dent on the uptrend as long as the daily BTC spot ETF demand remains strong,” Singapore-based QCP Capital said in a note published on Telegram Friday morning, noting that some volatility is expected over the weekend as the market prepares for the release of Federal Open Market Committee minutes next week. “[QCP]’s desk has seen strong demand for year-end BTC 100-150k calls,” it continued in the…

Homium, a real-estate equity mortgage lender and securitization platform, has gone live with its first home equity loans on Avalanche. The offering comes as real-world asset (RWA) tokenization continues to become more popular with some predicting the market will grow to as large as $10 trillion in this decade. Tokenization is a process whereby a digital representation of a real world asset – a home equity loan in this instance – is issued on a blockchain. The Homium loans are currently live in Colorado, with plans to expand to other states. As part of securing the loan, homeowners commit a…

The South Korean “crypto tax crackdown” continues its nationwide tour, moving on to the city of Yeongcheon in North Gyeongsang Province. While crypto trading profits are not yet subject to taxation in South Korea, local authorities have been seizing and liquidating coins from so-called “tax delinquents” in a countrywide crackdown. South Korean ‘Crypto Tax Crackdown’ Puts Yeongcheon in Spotlight Per the newspaper Gyeongbok Shinmun, Yeongcheon city authorities announced on April 15 that it will “begin intensive collection activities” on unpaid tax bills. Local tax bodies have been given powerful new software tools that let them comb domestic crypto exchange data…

Circle Of Games (COG), an emerging leader in the web3 gaming sector, has announced a significant financial boost, securing $1 million in funding from Nazara Technologies FZ LLC and The Hashgraph Association. This investment marks a crucial phase in COG’s strategy to enhance its gaming offerings and expand its global footprint. Strategic Growth and Market Expansion In 2024, COG is set to accelerate its market penetration strategies and expand its presence across several key global markets including the US, EU, Middle East, Africa, and Asia. This ambitious expansion is not just about geographical spread but also aims to broaden the…

Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term. Bitcoin price is correcting gains and moving lower from the $73,000 zone. The price is trading below $71,000 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could revisit the $67,000 support zone in the near term. Bitcoin Price Corrects Lower Bitcoin price made another attempt to gain strength…