Author: NBTC

The Madras High Court has ruled that cryptocurrencies can be considered as property under Indian law. The ruling was made by Justice N Anand Venkatesh, who said that although digital assets are not physical objects or legal currency, they still have all the main features of property. Justice Venkatesh noted that digital assets are identifiable, transferable, and controlled exclusively through private keys, with these features making them satisfy conditions to be identified as property. In his statement, the judge claimed that there is no doubt about crypto being a property, highlighting that it is not a tangible asset and neither…

Bybit, one of the largest crypto exchanges globally, will suspend onboarding new users in Japan starting tomorrow (Friday). This will impact both Japanese residents and nationals. Aligning with Local Laws In a press release today (Thursday), the exchange stated that the move came “as part of its proactive approach to embracing local regulations and aligning with the evolving framework set forth by Japan’s Financial Services Agency (FSA).” However, Bybit stressed that its existing customer base in Japan will not face any “immediate changes to the services.” [#highlighted-links#] Bybit is the second-largest crypto exchange by trading volume, according to CoinMarketCap.com. In…

Mid-tier Bitcoin miners are closing the gap on industry leaders in realized hashrate following the 2024 halving. Summary Mid-tier miners rapidly expanded after the 2024 halving, closing in on top players. Public miners doubled their realized hashrate to 326 EH/s, a one-year record increase. Mining sector debt surged to $12.7B amid heavy investment in rigs and AI ventures. Cipher Mining, Bitdeer and HIVE Digital have quickly expanded their operations after years of infrastructure growth and narrowed the distance to top players like MARA Holdings, CleanSpark and Cango. The change is a more level playing field in the mining sector. “Their…

Polygon is integrating Manifold Trading, an institutional-grade quant firm to tap into> Summary Polygon Labs is joining forces with quant firm Manifold to boost its DeFi ecosystem. The platform eyes institutional-grade liquidity for its burgeoning market, including fintechs and neobanks. Integration comes as institutions increasingly tap into opportunities across DeFi. Polygon Labs announced its move to join forces with the quantitative investment firm Manifold via a press release on Tuesday. The aim is to bring institutional-grade liquidity to its decentralized finance ecosystem, Polygon Labs said. Collaborating with Manifold allows the DeFi ecosystem across Polygon (POL) to leverage key market features…

The world of professional sports was rocked late last week by the biggest betting scandal in recent memory. It happened just as pro leagues and sportsbooks signaled their embrace of the booming prediction market industry, raising questions as to whether the pairing could soon lead to predictable consequences. On Thursday, an FBI operation culminated in the the arrest of an NBA player and a coach for alleged involvement in multiple gambling schemes, including one involving the manipulation of game outcomes to influence sports bets.  Just a day prior, the NHL made history by becoming the first major sports league to…

AscendEX, a renowned digital asset trading entity, has announced its exclusive partnership with Mokoko Studio, a next-gen Web3 game development platform. The collaboration intends to enhance the development of robust decentralized gaming networks that blend entertainment and digital ownership. As AscendEX’s official social media announcement discloses, the development pays considerable attention to expanding blockchain-integrated entertainment. Thus, the joint endeavor could lead to the establishment of a unique epoch of interactive Web3 entertainment experiences. We’re excited to partner with @Mokoko_Game Mokoko Studio is an innovative Web3 game studio combining blockchain technology with engaging gameplay to create truly decentralized gaming experiences.Together, we’re…

Cryptocurrency exchange OKX officially announced the launch of two new perpetual futures products, ATUSDT and RECALLUSDT. According to the announcement, the contracts will expire on October 30, 2025. OKX Launches ATUSDT and RECALLUSDT Perpetual Contracts According to the statement, ATUSDT contracts will open for trading at 6:00 PM, and RECALLUSDT contracts will open for trading at 6:15 PM. The new contracts will be available simultaneously via the web, mobile app, and API. OKX officials stated that this step aims to expand users’ trading options and increase the variety of derivative products in the market. Perpetual contracts allow investors to capitalize…

Bitcoin advocate Daniel Batten has once again taken aim at The New York Times for peddling “junk science” in order to prop up its anti-Bitcoin narrative. “Well, the bitcoin maxis were right (again),” Batten said in a recent social media post. Flawed methodology Batten is referring to The New York Times article that was criticizing Bitcoin mining for its excessive energy consumption. However, as the Bitcoin advocate points out, the methodology that the controversial article relied on is inherently flawed, given that it relied on marginal emission calculations. Remember that NYTimes hitpiece on Bitcoin mining and how we said it…

Key Takeaways Telegram CEO announced the Cocoon network, a decentralized platform integrating AI and the TON blockchain. The Cocoon network enhances Telegram’s reach in blockchain-based services within its app ecosystem. At Blockchain Life 2025, Telegram CEO Pavel Durov unveiled Cocoon, short for Confidential Compute Open Network, a decentralized infrastructure initiative combining blockchain, AI, and social media. Durov said Cocoon will allow GPU owners to contribute computing power to the network and earn TON tokens in exchange, while developers access low-cost AI compute. The system is designed to ensure users can interact with AI features like summarization and message drafting without…

Hyperliquid’s HIP-3 upgrade, which enables permissionless perpetuals markets, launched two weeks ago, and TradeXYZ’s XYZ100 market is gaining traction as it breaks into the exchange’s top 10 assets by daily volume while competitors debate its efficiency. TradeXYZ is the perpetuals arm of Unit, the Hyperliquid tokenization layer. The protocol’s XYZ100 market was the first HIP-3 deployment, tracking Nasdaq futures, one of traditional finance’s largest equity indices. Following a short sign-up and referral campaign, TradeXYZ began gradually rolling out platform access to waitlisted users, and was launched to the public on Hyperliquid’s front end this weekend, resulting in a huge surge…