Author: NBTC

Popular crypto-focused Chinese reporter Colin Wu calls attention to an OKB price glitch that recently occurred on the OKX crypto exchange. According to Wu, the price glitch occurred yesterday within a 15-minute window from 20:00 to 20:15 UTC+8. During this time, the price of OKB crashed from $40 to a low of $30, reflecting a 25% decline within 15 minutes. Wu stated that OKB’s price returned to normal levels following the 15-minute price glitch. The crypto-focused reporter attached a screenshot to the post, confirming the development. Meanwhile, Wu recounted a similar incident that occurred earlier this year, specifically on January…

Crypto think tank Coin Center got the go-ahead from a U.S. court of appeals to re-try its lawsuit against the Treasury Department and the IRS. Coin Center sued them in 2022 over a controversial amendment to the U.S. tax code that would require people to disclose certain crypto transactions – and personal details of the participants in those transactions – to the IRS. The think tank has argued that the amendment is unconstitutional and is evidence of “overbearing surveillance” of crypto users. Crypto think tank Coin Center will get another shot at suing the U.S. Treasury Department over what it…

The GameFi industry, a fusion of gaming and decentralized finance (DeFi), has continued to evolve rapidly in 2024. With the global gaming market reaching unprecedented heights and the crypto space expanding into new territories, GameFi has become a significant trendsetter in the blockchain world. This wrap-up explores the most notable trends in GameFi for 2024, delving into the innovations, challenges, and future outlook of this burgeoning sector. Mainstream Adoption of GameFi 2024 has witnessed a substantial surge in the mainstream adoption of GameFi, driven by several factors. Traditional gaming giants have begun integrating blockchain technology into their ecosystems, creating a…

Kroma, an optimistic rollup that uses zkEVM technology on the Superchain, has recently announced a new collaboration with Micro3.io. The partnership between Kroma and Micro3.io denotes a remarkable move forward in the advancement of social networks in the decentralized space as well as the wider Web3 ecosystem. The platform took to its official account on X to provide the details of this endeavor. We’re thrilled to partner with @Micro3io!🤝As a super DeSoc aggregator, Micro3 is transforming global user engagement and empowering the Web3 industry with its cutting-edge NFT-Infrastructure As-A-Service.⚡️Together, we’re paving the way for the future of gamified #Web3… pic.twitter.com/Wh53pBbkv2…

Bitcoin has observed a pullback down to the $58,000 level during the past day. Here’s what could be the cause behind it, according to on-chain data. Exchanges Have Seen A Large Amount Of Tether Withdrawals Recently According to data from the market intelligence platform IntoTheBlock, centralized exchanges have recently seen a Tether (USDT) outflow spree exceeding $1 billion. Investors usually keep their coins in exchanges when they want to trade them in the near future, so them making the move to withdraw their tokens potentially implies that they are interested in holding into the long-term. For volatile assets like Bitcoin,…

Ethereum co-founder Vitalik Buterin transfers 400 ETH (approx. worth $1.05 million) to the privacy-focused crypto mixer Railgun. The motive behind this move remains unclear, but it’s stirring interest as Ether has managed to gain by around 4% over the last 7 days outperforming Bitcoin (BTC). Ether gets back on track after printing red indexes in the past few months. The second biggest crypto has recorded a decline of 23% and 28% in the last 30 days and 90 days, respectively. Vitalik makes a suspicious railgun move As per the data shared by Arkham, Vitalik Buterin moved 400 Ether to the…

Rob Cunningham, a researcher and host of the Kuwl Show, boldly asserts that the inherent utility of XRP is immune to any enormous external financial attempts to undermine it. XRP Utility Immune to External Forces In a recent post on X, Cunningham voiced the audacious sentiment that expending as much as $1 trillion cannot negate or invalidate the value proposition of XRP. According to him, XRP’s unique value propositions are akin to fundamental principles like truth, law, and mathematics that cannot change by even the largest financial sums. Cunningham explained that XRP significantly reduces global payment friction, fraud, fees, and…

The Australian Securities and Investments Commission has canceled Libertas Financial Planning Pty Ltd’s license. According to the regulator’s announcement today (Monday), the firm’s cancellation of its Australian financial services license marks the first time the regulator has taken action under the newly operational Compensation Scheme of Last Resort (CSLR) in a compensation payout to a client. The CSLR, which commenced operations in April 2024, was created to protect consumers who have suffered financial losses due to the misconduct of licensed firms but have been unable to recover compensation. The scheme can reportedly pay up to $150,000 to eligible consumers who…

Manta has teamed up with Cycle Network to strengthen the liquidity management and asset bridging on the Manta Pacific. By integrating with Manta Pacific, users can trade assets using bridgeless liquidity abstraction. 🌊 We’re excited to welcome @cyclenetwork_GO to the #MantaNetwork ecosystem!With this integration, users can trade assets on #MantaPacific via bridgeless liquidity abstraction for enhanced interoperability and streamlined liquidity management. https://t.co/nnfDsFe04U — Manta Network (🔱,🔱) Meme-ta Szn (@MantaNetwork) August 19, 2024 Manta Network is the multi-modular ecosystem for zero-knowledge (ZK) applications. Manta Pacific is the unique L2 ecosystem on Ethereum for EVM-native ZK applications. It offers ZK applications deploying…

Bitcoin briefly fell below $56,000 on Aug. 15 before marking a slight recovery above $57,000 amid heavy volatility in anticipation of the expiry of a large volume of options contracts. The looming expiry could trigger significant volatility, with traders closely watching whether the crucial support level will hold. In the past 12 hours, Bitcoin has fluctuated around $56,000, a level that has been tested repeatedly but has managed to hold so far. This support has become a focal point for traders, as more than $1.4 billion in Bitcoin options are set to expire at 8:00 A.M. UTC. The outcome of…