Author: NBTC

Mox Bank, a virtual bank based in Hong Kong, aims to introduce virtual asset investment services, intending to transform the financial landscape of Hong Kong in the second half of 2024. Mox Bank, a Hong Kong-based virtual bank, is preparing to redefine banking norms by entering the crypto investment services arena. Liu Hanyang expressed the intention to collaborate with licensed virtual asset trading platforms to ensure regulatory compliance and robust security measures for investors. Mox Bank will initiate Bitcoin and cryptocurrency services by joining the ecosystem in Hong Kong; here are the details! Mox Bank to Launch Bitcoin and Crypto…

Tensions escalate in the legal arena as Terraform Labs challenges the objections raised by the U.S. Securities and Exchange Commission (SEC) regarding the payment of legal fees to Dentons U.S. LLC, the company’s special counsel in its Chapter 11 bankruptcy case. A recent filing submitted to a Delaware court on Monday sheds light on the contentious dispute, highlighting Terraform Labs’ assertion that the objections are unfounded and motivated by ulterior motives. SEC Objections Prompt Legal Standoff The clash between Terraform Labs and the SEC stems from the latter’s objection to the company’s decision to retain Dentons U.S. LLC as special…

The world’s second-largest cryptocurrency Ethereum (ETH) has joined the crypto market rally extending its weekly gains to more than 12% and shooting past $3,500. Currently, the Ethereum price is trading up 1.4% trading at $1,475 with a market cap of $416 billion. In the last 24 hours, the Ethereum trading volumes have shot up by 43% to over $16 billion. Smart Whale Makes Move to Ethereum Insights provided by on-chain data provider LookonChain reveal a notable shift in whale activity. This individual has transitioned from a bullish stance on Bitcoin ($BTC) to a bullish outlook on Ethereum ($ETH), marking a…

Institutional-grade crypto wallet provider raised $11.5 million from NFX, Wing Venture Capital, Framework Ventures and others. Institutional participation in the crypto economy is increasing via trading and tokenization, but security issues are still rampant. Utila, an Israel-based institutional-grade crypto wallet provider, raised a $11.5 million seed round led by NFX, Wing Venture Capital and Framework Ventures, the company said on Tuesday. Other participants include Fasanara Digital Ventures, North Island Ventures, Republic Capital, Liquid2, Inspired Capital, Lyrik Ventures, DCG Expeditions, Launchpad Capital, Shima Capita, K5 Global, Big Brain Holdings and Impatient, together with angel investors such as Balaji Shrinivasan, according to…

Bitfufu, a Singapore-based crypto mining platform, is set to start trading on the Nasdaq on Friday after finalizing its long-delayed deal to merge with blank-check company Arisz Acquisition Corp. Bitfufu had first attempted to go public in January 2022 through a merger with the same special purpose acquisition company formed by U.S. advisory firm MSQ Ventures. The 2022 agreement at the time valuedBitfufu at $1.5 billion, but the deal was postponed repeatedly due to volatility in the crypto markets. Over the past year, however, the market has bounced back strongly from the scandals that engulfed the crypto sector in 2022,…

Crust Network has introduced EthDA, a revolutionary Data Availability (DA) network built on the Polygon CDK (Contract Development Kit). It signals a significant advancement in Ethereum’s scalability efforts. This partnership advances Ethereum’s efforts to help Layer 2 solutions (L2s) grow. A smooth Data Availability Service for L2 Aggregated Growth is the goal. The combination of EthDA and Polygon’s CDK framework should benefit developers and users. Scalability and dApp creation on Ethereum will be easier. 1) Crust Network is thrilled to unveil EthDA, a cutting-edge Data Availability (DA) network, native to the Polygon CDK @0xPolygon . This deployment marks a significant…

Binance, the world’s largest cryptocurrency exchange, recently announced that a large Bitcoin transfer will be made and that this is related to normal wallet maintenance. Large BTC transfers can sometimes cause investors to become uneasy. Therefore, Binance previously stated that this transaction was a transfer between its own wallets. Announcing that there will be regular maintenance on Binance wallets, Binance said that a large amount of Bitcoin will be moved to other addresses during this maintenance. Pointing out that these transfers are normal, Binance said that this is not a BTC outflow. “Binance will perform normal wallet maintenance. Normal wallet…

Cardano founder Charles Hoskinson has thrown his weight behind John Deaton in the lawyer’s bid to replace crypto-hostile Senator Elizabeth Warren. In February, crypto-friendly lawyer John Deaton officially announced his candidacy in the upcoming U.S. senatorial elections. Deaton will come up against the current United States senior Senator for Massachusetts, Elizabeth Warren, who is widely known for her antagonistic stance against the cryptocurrency industry. John Deaton has enjoined the crypto community for support in the upcoming campaign and has gained the attention of some of the industry’s most influential figures. In a recent development, Cardano founder Charles Hoskinson revealed he…

The Ethereum Foundation has historically been a bellwether for upcoming corrections in the market landscape of Ethereum. Recently, the Foundation made an unexpected move by liquidating approximately $13 million worth of Ethereum. Ethereum on a daily time frame is displaying a strong uptrend characterized by consistent higher highs and higher lows. The Moving Average lines are positioned in a manner that suggests sustained bullish momentum. The 50-day MA (in blue) is above the 100-day MA (in orange), which in turn is above the 200-day MA (in black), a configuration that traditionally signals a bullish trend. Furthermore, the price of Ethereum…

OKX Ventures is the investment arm of the renowned Web3 technology company OKX. It has made a significant move by announcing its strategic investment in BounceBit. BounceBit wants to transform Bitcoin (BTC) restaking infrastructure and solutions. One month after its launch, BounceBit has raised over USD 510 million. It demonstrates market traction and investor trust in its new approach. We are delighted to announce the strategic partnership made with @bounce_bit, a platform dedicated to building the infrastructure and offering solutions of #Bitcoin #restaking. Within the first month of its launch, #BounceBit has recorded a TVL of USD 510 million.… —…