Author: NBTC
While regulatory efforts regarding cryptocurrencies continue, new statements came from Treasury and Finance Minister Mehmet Şimşek. According to AA, the secondary regulation studies regarding cryptocurrency service providers carried out by the Capital Markets Board have come to an end. With the newly prepared drafts, new rules have been introduced for the establishment, activity and capital adequacy of cryptocurrency service providers. Within the scope of the drafts expected to be published shortly, cryptocurrencies listed on the platforms will not be able to be bought and sold with leverage, and will not be subject to derivative instrument contracts and margin trading, short…
Upbit NFT Expands Support for New Collectibles Including Azuki and Milady Maker Upbit, the trusted global digital asset exchange, has announced the addition of six new NFT collectibles to its NFT marketplace. These collectibles will be available for trading and transfers on the Ethereum network, further enriching the platform’s NFT offerings. Newly Supported NFT Collectibles The following NFT collectibles will be supported: Azuki (AZUKI) BEANZ Official (BEANZ) Azuki Elementals (ELEM) Azuki Elemental Beans (MBEAN) Milady Maker (MIL) Redacted Remilio Babies (TEST) Trading and transfer services for these collections are planned to be launched in January 2025. Highlights of the Collection…
Humanity Protocol has announced a strategic partnership with OKX Wallet. This collaboration is an important achievement that aims to advance decentralized identity solutions in the Web3 world. Humanity Protocol is a blockchain platform that focuses on verifying human identities while maintaining privacy. With its specialization, it helps to solve challenges associated with fake online identities and centralized data control. In the Web2 landscape, since dominant social networks like Twitter, Google, and Facebook have extensive reach and huge user bases, they normally play an important role in user verifications. However, their prominent positions have resulted in the centralization of important amounts…
According to a press release sent to Bitcoin Magazine, an Office of California Assembly member, Republican Phillip Chen, has appointed Proof of Workforce, a Santa Monica-based non-profit helping workers, unions, pensions, and municipalities with education-based Bitcoin adoption, to work on a variety of Bitcoin related initiatives and help with drafting an official bill for an upcoming legislative session. “As to where and how Bitcoin and digital assets get into the trajectory of California, much is undetermined,” said Chen. “What is certain is that this industry is growing in adoption everyday, with Bitcoin serving as a global network and asset, representing…
On Monday, Ethereum exchange-traded funds (ETFs) recorded their highest inflows in 30 days. This signals strong investor interest despite ETH’s lackluster price performance in recent weeks. The surge in ETF investments coincides with increased market optimism following Donald Trump’s inauguration, which has increased investors’ confidence. Ethereum ETF Inflows Surge According to data from Glassnode, inflows into US ETH spot ETFs totaled $227 million on Monday. This represented the single-day highest net inflows since December 9. The spike in ETF inflows came as pro-crypto Donald Trump was sworn in as US president, which boosted confidence in overall market conditions. The rise…
Sonic Labs, formerly Fantom, announced that the Chainlink’s cross-chain interoperability protocol has launched on the Sonic Network. Chainlink’s integration with Sonic allows developers to leverage the capabilities and benefits of the oracle network’s infrastructure. According to the announcement, developers can now use the technology to build and deploy decentralized applications available on Sonic and other blockchain networks. Along with CCIP, Sonic Labs has implemented Chainlink data streams and data feeds. This development follows Sonic’s participation in Chainlink’s SCALE program in September 2024. Key benefits of the integration include increased network security, programmable and cross-chain tokens, and arbitrary messaging. The Chainlink…
Foremost civil law attorney Jeremy Hogan has faulted Better Markets’ amicus brief supporting the SEC in the lawsuit against Ripple. Hogan believes the financial organization misinterpreted the trial judge’s ruling in the case and based its filing on the wrong premise. According to Hogan, the trial judge did not rule that XRP sales on exchanges were not sales of securities because buyers didn’t purchase directly from Ripple. “Better Market’s” Amicus Brief was hard to read. Not because I don’t think this case will ever be ruled on by the appellate court, but because it COMPLETELY misses (or misconstrues?) what the…
The DEX sector continues to experience growth at a tremendous pace. The latest data released by Phoenix Group shows interesting developments. According to the data, the total weekly trading volume on DEXs has climbed to $228.10 billion, representing a 188.77% rise from the previous week. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Raydium #Uniswap #PancakeSwap #Orca #Aerodrome #Curve #Cetus #Hyperliquid #THORChain pic.twitter.com/EngVKoUEw8 — PHOENIX – Crypto News & Analytics (@pnxgrp) January 23, 2025 Leading DEXs by trading volume As per data reported by Phoenix Group today, Raydium emerged as the DEX with the highest trading volume of $53.93 billion processed…
The blockchain world has enormous potential. However, one major challenge is holding it back, fragmentation. Different blockchains operate in silos, making it hard for investors to manage assets and seize opportunities across networks. In this regard, Analog and StationX have announced a partnership to solve this issue. Together, they aim to transform Web3 investments by enabling seamless cross-chain collaboration. Currently, blockchains are isolated from one another. This separation creates hurdles for investors and investment syndicates. These groups struggle to access liquidity and opportunities across different networks. As a result, inefficiencies slow down the growth of decentralized finance (DeFi). Breaking Down…
So far, Donald Trump’s re-election has been a major win for the digital assets industry and for cryptocurrency investors, with the January 20 inauguration poised to further the positive trend. Amidst the strong – if sometimes choppy rally – more than just uninvolved bystanders benefited significantly. Indeed, the incoming Vice President, J.D. Vance, is known as something of a Bitcoin (BTC) hodler. As Finbold previously reported in July, 2024, Vance might have held up to $250,000 worth of BTC at the time and early November estimates place the stake as high as $500,000 but no lower than $250,000. Shortly ahead…