Author: NBTC

When we talk about trustless systems, we’re implying some kind application that doesn’t require users to trust it. The idea is that it just works, accurately and fairly, every single time, without ever cheating users. They’re designed in such a way that there’s no need for users to trust any single human or entity. Trustless systems are an alternative to the centralized applications in use today, which are totally reliant on trust. Take your mobile banking application, for example. No doubt, you’re fairly confident that nobody is going to steal your life savings, because you trust that the bank itself…

Bitcoin became a core part of Starknet’s ecosystem on Tuesday, as the Ethereum layer-2 network began using the asset as a way to secure itself, according to a press release. Starknet users can now participate in the process of validating transactions by delegating Bitcoin to the network in order to earn rewards, StarkWare, the network’s developers, said. Previously, Starknet users could only stake its native STRK token. The company also said that RE7, a London-based investment firm, is building a Bitcoin-denominated yield product on Starknet. The Starknet Foundation is planning on using 100 million STRK to encourage Bitcoin-related activity on…

Whales rushed to make plasma deposits into Plasma’s vaults, as the new chain immediately offered DeFi opportunities. An Ethereum whale moved funds from their wallet for the first time in four years to join the liquidity rush. An Ethereum whale moved coins from their wallet for the first time in four years, to join the liquidity rush to Plasma vaults. The chain, which only launched a day ago, is now drawing active deposits, expanding the value locked on multiple DeFi apps. The early-bird Ethereum whale acquired their ETH through mining and Bitfinex purchases. Arkham identified the wallet, noting the entity…

The Central Bank of Bolivia announced that its national CBDC, the digital boliviano, will be launched later this month. The move is part of a push to modernize the Bolivian payment pipeline and offer a regulated option to counter other alternatives. Central Bank of Bolivia to Launch CBDC This Month Latam countries are increasingly looking to integrate digital currencies as part of their financial systems. The Central Bank of Bolivia recently announced that it is taking the final steps to launch the digital boliviano, a national central bank digital currency (CBDC). The initiative, announced in May and slated for an…

The US Securities and Exchange Commission has signalled that it won’t take enforcement action against tokens tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN). In a no-action letter on Monday, SEC Division of Corporation Finance chief counsel Michael Seaman said he “will not recommend enforcement action” to the SEC for the planned token launch of the DePIN project DoubleZero. SEC Commissioner Hester Peirce separately added that the “economic reality of DePIN projects differs fundamentally from the capital-raising transactions Congress charged this Commission with regulating.” The rare no-action letter from the SEC is the agency’s latest example of its crypto enforcement…

A trader opened a $154M XRP short on Hyperliquid, already facing steep losses. XRP slipped to $2.70, marking monthly lows before a slight recovery. A high-stakes move has re-emerged on Hyperliquid after a trader known for massive positions opened fresh shorts against Bitcoin (BTC) and XRP. On-chain data shows the wallet “0x9018” returned to the exchange with 4.22 million USDC before immediately deploying it into leveraged bets. Gambler @qwatio created a new wallet “0x9018” and returned to #Hyperliquid with 4.22M $USDC. He shorted 1,366.67 $BTC($150M) with 40x leverage and 2.78M $XRP($7.7M) with 20x leverage, resulting in a loss of over…

MathWallet, a prominent multi-chain cryptocurrency wallet, has announced support for Plasma Mainnet, a well-known stablecoin infrastructure platform. By supporting Plasma Mainnet, MathWallet lets wallet holders smoothly shift to Plasma Mainnet via the MathWallet app. As disclosed in the official social media announcement shared by MathWallet, the development provides a wide set of diverse blockchain interactions to the users. Hence, the move is anticipated to improve usability, accessibility, and provide a robust basis for noteworthy decentralized finance (DeFi) operations. MathWallet now supports Plasma Mainnet @Plasma !Open your MathWallet, you may:❤️Switch to Plasma Mainnet☑️Create or Import wallet📩Transfer & Deposit💪Access dApphttps://t.co/qPRMJGVR7H$MATH #Plasma pic.twitter.com/hDDBikql5C…

Societe Generale’s digital asset subsidiary, SG-FORGE, has taken its euro and dollar stablecoins into decentralized finance (DeFi), opening them up to borrowing, lending and spot trading, according to a press release on Tuesday. The move places the bank’s EURCV$1.1741 and USD CoinVertible (USDCV) on Ethereum-based protocols Morpho and Uniswap, extending SG-FORGE’s effort to distribute its stablecoins, digital tokens whose value is pegged to a real-world asset, through centralized exchanges and brokers. By moving into DeFi, SG-FORGE allows clients to transact around the clock with assets tied to major currencies, while relying on smart contracts to handle the mechanics. On Morpho,…

Ethereum price retreated to the lowest level since August 6 as the recent crypto market crash continued and liquidations jumped. Summary Ethereum price has crashed this week as liquidations soared. The weekly liquidations jumped to almost $1 billion. Technical analysis points to a 16% plunge in the near term. Ethereum (ETH) fell to $3,800, down 20% from its highest point this month. Its decline has mirrored the performance of other top cryptocurrencies like Bitcoin (BTC) and Ripple (XRP). Ethereum price crashed as liquidations jumped One of the main reasons why ETH price plunged is that liquidations jumped to almost $1…

MARA stock strengthened as Marathon Digital boosted its Bitcoin treasury to $5.9B (52,477 BTC), making it the second-largest public holder after Michael Saylor’s Strategy. MARA stock outlook improves with renewable-powered mining, a growing hashrate, and expansion into AI-driven global ventures. MARA Holdings has once again made headlines in the crypto mining sector, pushing its Bitcoin treasury to $5.9 billion. The company now controls 52,477 BTC, securing its spot as the second-largest public holder of Bitcoin after Michael Saylor’s Strategy. Despite a turbulent August where Bitcoin fell 6% from its highs, MARA doubled down on its long-term bet on Bitcoin. Mining…