Author: NBTC

The Mango DAO reportedly ‘died’ last week after John Kramer and Max Schneider gained significant voting control while also allegedly violating a settlement with the Securities and Exchange Commission (SEC). The pair successfully completed a proposal last Saturday to distribute 67.5 million MNGO options after locking up 80 million tokens. However, Mango Labs founder Dafydd Durairaj claims their proposal “would likely count as a sale of MNGO and would jeopardize our settlement with the SEC.” He advocated against the proposal in the Mango DAO Discord, claiming, “The SEC could reopen the case, and we might face consequences from the court…

An Italian lawmaker is urging banking foundations in Italy to invest in Bitcoin, arguing that such investments could accelerate support for the leading crypto in the country. However, he doesn’t foresee Italy establishing a strategic Bitcoin reserve anytime soon, despite growing momentum in the United States on both a national and state level. In an interview Friday with trade publication Criptovaluta, Italian parliament member Marcello Coppo said banking foundations should dip their toes into Bitcoin by allocating a small portion of their income to the digital asset to potentially reap significant returns on their investments. A banking foundation is an…

XRP Ledger has introduced a significant update with the release of version 2.3.0 of its reference server implementation, rippled. This major release brings a host of new features and improvements aimed at enhancing the functionality and stability of the XRP Ledger. In an XRPL official blog post, it was announced that version 2.3.0 of rippled, the reference server implementation of the XRP Ledger protocol, is now available. This release contains eight new amendments, including Multi-Purpose Tokens (MPTs), Credentials, Clawback support for AMMs and the ability to make offers as part of minting NFTs. Also, this release includes important fixes for…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Bitcoin is about to retest its previous ATH as bullish momentum pushes above $105,000 for the second time within the last 7 days. The king of the crypto world just concluded a bullish week during which it rallied by slightly over 18% from weekly low to weekly high. The last time that Bitcoin was this high was exactly 4 weeks ago during the third week of December. Price ended up peaking at $108,363 and this latest rally not only threatens to retest that price but also potentially venture into price discovery. Bitcoin price action / source: TradingView Its RSI indicated…

In a move that promises to redefine cross-chain interoperability, Router Chain, the industry-leading chain abstraction platform, has announced the integration of the SUI network, a robust layer-one blockchain. This latest development follows successful integrations with networks like Tron, Osmosis, Solana, and Bitcoin, further cementing Router Chain’s reputation as a pioneer in decentralized cross-chain connectivity. The integration of SUI opens new doors for users and developers, offering seamless cross-chain experiences that leverage Router Chain’s unmatched speed, cost-efficiency, and decentralized infrastructure. This marks a significant step in enabling SUI users to interact across 30+ connected ecosystems with unprecedented ease. A Rising Star…

The following is a guest post by Kadan Stadelmann, CTO of Komodo Blockchain. The 14th Amendment and the Debt Limit The debt limit is the amount of money the United States government can borrow to pay its existing legal obligations. These include Social Security and Medicare benefits, military salaries, interest on the national debt, tax refunds, and more. In June 2023, the Fiscal Responsibility Act of 2023 suspended the debt limit through January, 1 2025. The U.S. Treasury anticipates that sometime thereafter—say, somewhere between Jan. 14 and Jan. 23– the U.S. government would be required to take extraordinary measures to…

Shibarium, the layer-2 protocol associated with Shiba Inu (SHIB), has witnessed a spike in activities resulting in remarkable development. According to Lucie, the marketing lead at Shiba Inu, the total value locked (TVL) has hit an all-time high (ATH) of $8.57 million. Shibarium’s current TVL This signals the growing adoption of Shibarium and increased user engagement. It also highlights the growing confidence among users as they staked more funds in the ecosystem. Lucie appreciated the Shibarium family for the massive support they have given to the network. “Thank you, SHIBARIUM FAM,” she wrote. #Shibarium TVL ATH$8.57mThank you SHIBARIUM FAM$BONE $SHIB…

Bitcoin (BTC) nursed losses during Monday’s Asian trading hours amid frenzied trading in memecoins TRUMP and MELANIA. The leading cryptocurrency by market value briefly dipped below $100,000, representing a 4.5% drop on a 24-hour basis. ETH, XRP, SOL and BNB posted bigger losses, with ADA and DOGE losing over 10%, according to data sources CoinDesk and Coingecko. TRUMP, the memecoin linked to President-elect Donald Trump, which debuted Saturday, tanked 30% to $49, as Trump’s wife, Melania launched her own memecoin, MELANIA. “The Official Melania Meme is live! You can buy $MELANIA now,” Melania Trump posted on the social platform X…

Ripple CTO David Schwartz has addressed concerns over a recent XRP Ledger incident, which saw nodes halting or not making progress for a brief period on the network. In reaction to the incident, Bill Morgan, an XRP enthusiast and attorney, sought clarification on what developers meant when they described XRPL as “halted” rather than “down,” comparing the recent incident to past issues experienced by Solana. I think the distinction is whether or not it’s still producing valid ledgers. If so, you can argue that it’s not down. But I think whatever technical arguments you want to make, if you can’t…