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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.

Leveraged Trading is Expected to be Banned

The bill prepared on the legal regulations and definitions of crypto assets is ready to be presented to the Parliament with its final touches. The proposal, which is expected to be presented to the Parliament this week, will ban short selling and leveraged transactions regarding crypto assets. Crypto assets will be defined as “intangible assets” for the first time, and thus transactions can be carried out in a more transparent and reliable manner. The bill to be presented to the Parliament will harmonize the broad definition of crypto assets with the definitions of international organizations. The authority to determine the…

Legal

all the news on crypto staking for its European clients

Robinhood Crypto announced today a series of new features for its European customers, including staking services, localized apps, and cryptocurrency rewards for new users. These initiatives aim to increase accessibility, improve user experience, and strengthen the platform’s commitment to European crypto investors. Robinhood: The Introduction of Crypto Staking Robinhood crypto: Bonus for new customers before staking Localized User Experience Educational Modules Learn & Earn Results from the December launch Robinhood: The Introduction of Crypto Staking Starting today, Robinhood Crypto will also offer cryptocurrency staking, but only available to its European clients. Users will be able to manage their positions in…

Exchanges

Here's Why Ethereum ETF Could Be Denied

According to James Seyffart, one of the leading ETF analysts, it is increasingly likely that the US Securities and Exchange Commission is going to deny a slew of Ethereum ETF applications this May by claiming that the underlying cryptocurrency is a security. “Not a guarantee that they will do this but I think this almost guarantees that the SEC is at least considering it,” Seyffart added. This came after finance lawyer Scott Johnsson opined that Ethereum’s legal status was likely to appear in the agency’s upcoming ETF order. According to Johnson, the SEC is supposed to provide a "notice of…

Ethereum

Middle Eastern central banks eye CBDC for cross-border payments

Central bank digital currencies (CBDCs) could transform cross-border payments in the Middle East and give central banks a more effective tool for monetary stabilization, two of the region’s leading central banks say. Yazeed Al-Nafjan, the deputy governor of Saudi Arabia’s Monetary Authority (SAMA), believes a wholesale CBDC would best serve his country. The country’s digital payment penetration increased to 70% last year, and thus, a retail CBDC isn’t needed, he stated. Al-Nafjan spoke at an open forum convened by the World Economic Forum (WEF) in Riyadh, the country’s capital. He joined a panel consisting of Jihad Azour, the IMF’s Middle…

Regulation

SHIB Exec Shares Crucial Shiba Inu and Bitcoin Message to Community

Shiba Inu (SHIB) bears a strong correlation and resemblance to Bitcoin (BTC), and this similarity has been highlighted by the project’s marketing executive, Lucie. In her latest post on X, Lucie said that SHIB is just like BTC because no one is behind it. The anonymity of Satoshi Nakamoto, the creator of Bitcoin, and Ryoshi, the founder of Shiba Inu, bear a resemblance to each other. The Shiba Inu executive noted that just like Bitcoin, anyone can build around Shiba Inu. This post seems to directly address conversations around the utility of Shiba Inu as concerns development efforts. The community…

Altcoins

FalconX Settles With CFTC for $1.8M Over Failure to Register as Futures Commission Merchant

FalconX will pay $1.8 million to settle newly-announced charges from the Commodity Futures Trading Commission (CFTC) that the crypto trading firm violated commodities laws by failing to register as a futures commission merchant (FCM), according to a Monday announcement from the regulator. Through its “Edge” product, FalconX acted as a crypto prime broker, offering institutional clients – including some based in the U.S. – with access to various crypto exchanges to trade derivatives, including futures and swaps, the CFTC said in a press release Monday. Though FalconX describes itself as the “largest digital asset prime brokerage” it was not properly…

Legal

Bitcoin Exchange Binance Announced That This Altcoin Will Support Contract Exchange!

Binance, one of the world's leading cryptocurrency exchanges, announced that it supports the upcoming Lisk (LSK) contract exchange and shared important details for users before the transition. Binance Lisk (LSK) Announces Contract Swapping Support The contract exchange for Lisk (LSK) will see all deposits and withdrawals of legacy LSK tokens suspended from 05:00 on May 21, 2024. It is crucial that users ensure that they allow sufficient time for deposits and withdrawals of legacy LSK tokens to be fully processed before this event. Binance reassures its users that various trading and investment services, including spot trading, margin trading, futures trading…

Exchanges

Ethereum Faces Rejection at $2,996, Heading Towards Key Support Level

Ethereum (ETH) was rejected at $2,996 and is currently moving towards the crucial uptrend support level at $2,880. The 1-hour ETH/USDT chart shows a prolonged down-channel formation. The recent downtrend in Ethereum’s price can be attributed to the delayed approval of the Ethereum ETF by the SEC. Ethereum (ETH) recently experienced a setback as it was rejected at the $2,996 mark. The cryptocurrency is now moving towards the crucial uptrend support level at $2,880. At press time, ETH is trading at $2,902, with a 2.48% decrease over the past 24 hours and a 5.64% drop on a weekly basis. The…

Ethereum

Institutional Investors Gave Up and Turned to Bitcoin (BTC) and Solana (SOL)!

While Bitcoin and altcoins started the week positively ahead of the US CPI and PPI data expected to be announced this week, Coinshares published its weekly cryptocurrency report. Stating that it experienced an inflow of 130 million dollars in cryptocurrency investment products last week, Coinshares said that it saw a total inflow of 130 million dollars for the first time in five weeks. “Cryptocurrency investment products saw total inflows of $130 million for the first time in five weeks. Regionally, the US saw inflows totaling $135 million, with Grayscale seeing the lowest weekly outflows since January.” ETH Sales Increased as…

Regulation

RD Technologies partners with Chainlink to provide secure transfers of HKD stablecoins

RD Technologies, a leading blockchain solutions provider, has partnered strategically with Chainlink, the industry-standard decentralized oracle network, to facilitate secure and reliable cross-chain transfers of the Hong Kong Dollar (HKD) stablecoin. This integration marks a significant milestone in enhancing interoperability and accessibility within the cryptocurrency ecosystem, paving the way for seamless transactions across different blockchain networks. HKDR is a dependable and open stablecoin for payments and other uses, backed 1:1 by the Hong Kong dollar. To investigate the use of HKDR in B2B cross-border payments, virtual asset exchanges, and tokenized real-world asset settlement, RD Technologies has currently signed agreements with…

Altcoins