Author: NBTC

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.

Asset Tokenization Draws Focus From Global Securities Watchdogs

The International Organization of Securities Commissions is devoting new attention to tokenization, the body said in its 2024 strategy. Crypto continues to be a high priority for IOSCO, which published a series of recommendations for the sector last year. The International Organization of Securities Commissions (IOSCO) is turning its attention to tokenization, the standard setting body set out in its strategy for the year on Friday. The work will build on the IOSCO FinTech Task Force's existing principles and guidance for crypto, and it will focus on tokenization use cases that are specific to the securities market and distributed ledger…

RegulationApr 13

Gopax Reports Reduced Net Loss of $37 Million After Binance Acquisition

Gopax, a prominent South Korean cryptocurrency exchange backed by Binance, disclosed a net loss of 51.3 billion Korean won ($37 million) for the fiscal year 2023, as reported in the year-end financial statement released by its parent company, Streamy. This figure is an improvement compared to the net loss of 90.6 billion won in 2022. Gopax’s revenue grew 97% year over year amid recovering market sentiment. GOPAX Reports Net Loss of $37 Million in 2023, Faces Challenges with GoFi-Linked Debt Gopax cash flow statement Site: Streamy On April 12, GOPAX released a financial statement that comprises its balance sheets as…

ExchangesApr 13

Huawei Cloud Joins Cardano Ecosystem To Scale Web3 Solution in Asia, Africa

The Cardano ecosystem has welcomed Huawei Cloud, one of the largest cloud computing firms globally, to broaden the reach of the Cardano network. In particular, Cardano’s blockchain partner EMURGO has entered an alliance with Huawei Cloud to promote Web3 solutions via Cardano. EMURGO disclosed this new collaboration with Huawei in an official press statement today, April 11. According to the report, the alliance aims to bolster the adoption of Cardano-based Web3 solutions throughout Asia and Africa. Additionally, the collaboration involves extending support for a Cardano Validator Node on the Huawei Cloud platform. We're thrilled to announce a strategic partnership with…

BlockchainApr 13

Will This $2.5 Billion Move Save Bitcoin (BTC) Price From Falling to $60,000?

Bitcoin’s (BTC) price marked an all-time high last week and has since triggered a correction that has led to the cryptocurrency declining by 7.74%. However, amidst the chaos of bearish sentiment, one move from BTC investors could prevent a catastrophic correction. Bitcoin Price Saved by Its People The Bitcoin price is already trading at $67,768 at the time of writing, falling from $68,393 since the beginning of the trading session. This adds to the ongoing corrections that resulted in the cryptocurrency losing the 50-day Exponential Moving Average (EMA). BTC, however, is still above the critical support level marked at $63,724,…

BitcoinApr 13

Ripple CLO Alderoty Highlights SEC’s Latest Defeat That Could Impact Ripple Lawsuit

The Ripple CLO Stuart Alderoty highlights the SEC’s latest legal woes that could have far-reaching implications for the ongoing Ripple lawsuit. Court Denies SEC Petition Notably, the U.S. SEC’s recent defeat came up in the commission’s lawsuit against Aaron Govil. In a recent development, the Second Circuit Court of Appeals declined to review its decision in the Govil case. The court decision held that the SEC cannot claim disgorgement from an issuer or seller if the buyer did not incur economic losses. It is noteworthy that the Second Circuit first issued the decision last year. Not satisfied with the decision,…

RegulationApr 13

Crypto.com Visa card usage grows 29% in one year, reveals recent report

The crypto “spending index” of Crypto.com’s card grew 29% on a year-over-year basis, a report by the exchange and Visa revealed. The most significant growth was observed in information and communication expenditures, which increased by 22%. Overseas spending followed closely, increasing by 21%, indicative of a rebound in consumer confidence and market revitalization post-pandemic. Conversely, spending on housing and household-related expenses saw a notable decline of 18%. Despite this, grocery shopping remained the predominant spending category, capturing 62% of the total volume in 2023, a stark increase from 36% in the previous year. Crypto.com Visa card usage grows 29% in…

ExchangesApr 13

Bitfinex issues tokenized debt for El Salvador's first hotel funded via blockchain

Bitfinex Securities is issuing a tokenized debt offering to fund the construction of a new Hampton by Hilton hotel at El Salvador International Airport, according to an April 11 statement shared with CryptoSlate. The tokenized debt offering is the first of its kind in the Central American country, seeking to raise $6.25 million. The short-term debt has a 10% coupon over a 5-year term, and the minimum investment is $1000. According to the statement, the hotel complex will be a 4,484-square-meter facility with 80 rooms, five commercial spaces, and other amenities across five levels. Details Bitfinex Securities partnered with Inversiones…

BlockchainApr 13

Bitcoin is Prone to Drop Following Bullish Sentiment Exhaustion: Analyst

According to Michaël van de Poppe, CEO of MN Trading, bullish sentiment for Bitcoin is close to exhaustion, as BTC’s current price has factored in nearly all approaching bullish events. The crypto trading expert believes that, as a result, Bitcoin’s price is more prone to dropping, with any slight bearish event impacting it significantly. In a recently uploaded video, Poppe noted Bitcoin is embarking on a “harsh correction” that may take weeks to complete before consolidating. He thinks Bitcoin retains its pre-halving momentum but will display heightened dynamism in its price movement in the medium term. The renowned analyst explained…

BitcoinApr 13

Hacker Sentenced to 3 Years in Prison for Stealing Over $12M From Crypto Exchanges

Shakeeb Ahmed, a security engineer who stole over $12 million from two different decentralized cryptocurrency exchanges (DEXs) built on Solana, was sentenced to three years in prison and three years of supervised release by a federal judge on Friday. Ahmed was arrested last year on wire fraud and money laundering charges, after federal officials alleged he stole $9 million from a DEX built on Solana – which appears to be Crema Finance. He pleaded guilty to one count of computer fraud in December. He will also forfeit $12.3 million and pay $5 million in restitution as part of his sentence.…

RegulationApr 13

Tether launches the Blockchain Education Initiative in the Philippines

Tether, the famous company that issues and manages the world’s leading stablecoin (USDT), has launched the so-called Blockchain Education Initiative in the Philippines. Tether and @coinsph Collaborate on #Bitcoin & Blockchain Education Initiative in the Philippines 🇵🇭https://t.co/5Oeult4FTJ — Tether (@Tether_to) April 10, 2024 The initiative is organized in collaboration with the Filipino crypto exchange Coins.ph. The Blockchain Education Initiative, an initiative signed by Tether Tether and the Philippines The comment of the two CEOs The Philippines and cryptocurrencies: Tether drives innovation with the Blockchain Education Initiative The Blockchain Education Initiative, an initiative signed by Tether The Blockchain Education Initiative aims…

BlockchainApr 13