Author: NBTC
The latest report establishes that XRPL, Xahau, and Flare could be partnering for a decentralized bridge following years of deliberations. Axelar’s co-founder has also reported that $134 billion of XRP would soon be able to get yield everywhere through Axelar. According to the latest report, XRP Ledger (XRPL), Xahau, and Flare could be in line for a decentralized bridging. As hinted by Axelar’s co-founder Georgios Vlachos, this collaboration could improve the ability to reach out and speak to founders and important figures in the industry with just a message. Earlier, the Flare Network’s co-founder Hugo Philion disclosed that the collaboration…
Coinbase CEO backed Treasury’s shift on crypto regulation, urging crime crackdowns that protect innovation, privacy, and free speech without punishing open-source technology. Coinbase to Treasury: Let’s Crush Crypto Crime Without Killing Innovation Brian Armstrong, the CEO of crypto exchange Coinbase (Nasdaq: COIN), has endorsed the U.S. Department of the Treasury’s decision to reverse sanctions on Tornado Cash, describing the move as a meaningful step for privacy rights and free speech. He expressed his support Thursday on social media platform X, reacting to the government’s filing in Van Loon v. Department of the Treasury: “No one wants to see bad folks…
Glassnode analytics platform indicated that the percentage of Ethereum held on centralized exchanges is approaching all-time lows. The firm showed that only 14% of the total ETH supply was left. On-chain data from Santiment also revealed that Ethereum’s supply on centralized exchanges dropped to 8.97M and was approaching its all-time lows. The analytics firm also noted that the supply of ETH on exchanges had dropped to its lowest in nearly 10 years. ETH held on exchanges approaches all-time lows Glassnode, an analytics firm, indicated that the percentage of Ethereum held on centralized exchanges plummeted to 14%, nearing its all-time lows.…
Pelago Labs announced on March 25 that it leveraged integration with Stellar to build its crypto-enabled supply chain financing platform. The solution tokenizes and fractionalizes the account receivables of accredited buyers to create smaller and supplier-specific representations. Vancouver-based Pelago Labs claimed that its integration with Stellar was aimed at developing a crypto-enabled supply chain financing platform that unlocked pre-settlement liquidity for suppliers. The solution empowers suppliers to secure the working capital they need, backed by the buyer’s credit, to improve cash flow efficiency. According to Pelago Labs, suppliers can settle funds accessed through the platform in USDC on Stellar through…
Bitcoin is currently testing the crucial 100-day moving average at $95K, a key support level where a bullish rebound is anticipated. However, the asset remains confined between this threshold and the ascending channel’s midline, making a decisive breakout essential to confirm the next major trend. Technical Analysis By Shayan The Daily Chart Bitcoin is currently navigating a critical support zone, stabilizing around the 100-day moving average at $95K. This level holds strong significance as it has historically acted as a foundation for bullish rebounds, with buying interest evident at this juncture. Early indications of recovery suggest that bullish momentum may…
Stablecoin giant Tether has said that it is in talks with a Big Four accounting firm to get independently audited, according to a report on Friday by Reuters. The company—which is now based in El Salvador—has struggled to get a top accounting firm to independently audit what backs its stablecoin. The company is “engaging” with one of the top firms, the firm’s CEO Paolo Ardoino said, according to Reuters. The Big Four accounting firms are PwC, EY, Deloitte and KPMG. Tether did not immediately respond to Decrypt’s request for comment. Tether mints stablecoins—digital tokens backed by assets such as gold…
As Bitcoin and Ethereum lead the charge with spot ETFs, XRP may be the next cryptocurrency to follow suit. With increasing institutional interest and a growing number of asset managers filing ETF applications, the buzz around an XRP ETF is intensifying. Adding to the speculation is the emergence of new SEC leadership, which could influence the approval process. While no official timeline has been set, rumors suggest that XRP’s ETF could be approved by the end of 2024 or early 2025, especially with Paul Atkins, the crypto-friendly SEC chair under the Trump administration. His return could pave the way for…
Scammers are forging arrest warrants for missed jury duty, demanding payment in bitcoin and gift cards. They use realistic court-style documents and urgent threats to exploit fear of arrest. Court Warns of Forged Arrest Warrants Tied to Bitcoin Demands Over Missed Jury Duty The U.S. District Court of the Western District of Virginia announced on March 21 that a fraudulent scheme involving counterfeit arrest warrants is circulating in the region. The scam, which targets individuals under the guise of missed jury duty, uses forged documents that resemble official U.S. District Court forms and falsely claim to originate from the Eastern…
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Canaan Inc. announced Wednesday that subsidiaries have signed agreements to expand self-mining operations at facilities in Pennsylvania and Texas, adding approximately 4.7 exahash per second (EH/s) to its computing power. Canaan Eyes U.S. Growth with Pennsylvania, Texas Mining Sites Canaan (Nasdaq: CAN) entered a three-year colocation agreement with Mawson Infrastructure Group affiliate Mawson Hosting LLC for a Midland, Pennsylvania, facility. A separate 24-month hosting agreement covers a site in Edna, Texas. Most of the 4.7 EH/s hashrate is expected to be operational by Q2 2025, according to the announcement. Canaan CEO Nangeng Zhang stated the partnerships align with the company’s…