Author: NBTC
A former compliance officer at Crypto.com — registered in Malta as Foris Dax MT limited — has been charged with extortion and money laundering after he allegedly threatened to expose sensitive information while demanding compensation from the company. Thirty-three-year-old Jose Luis Alonso Melchor was arraigned by magistrate Nadia Vella in a Malta court on Thursday following his arrest and termination from the Singapore-based crypto exchange. According to Malta Today, Melchor was fired after Crypto.com discovered he had broken an attachment order. Melchor then allegedly obtained sensitive information from the firm through his compliance officer role and threatened to publish it.…
Bitcoin (BTC) surged by 4.3% in the past 24 hours reaching $63,422. US spot Bitcoin ETFs saw a $116.8M net inflow last week after four weeks of outflows exceeding $1B. Today, Bitcoin (BTC) experienced a notable uptick, gaining 4.3% in the past 24 hours and reaching $63,422. This surge comes ahead of the eagerly anticipated release of macroeconomic data from the United States later this week. Despite recent volatility, Bitcoin managed to maintain its position above the crucial $62,800 support level. Investors are optimistic, hoping for stronger weekly closures after weeks marked by uncertainties in the market. In the previous…
Hexagate, a Web3 security frontrunner, is launching The Gate Security Oracle, a decentralized security protocol built on the eOracle stack, the leading Actively Validated Service (AVS) on EigenLayer, as per the latest updates disclosed to Finbold on July 9. The collaboration introduces the first decentralized, machine learning-based security protocol to enhance trust within the decentralized finance (DeFi) community. Yaniv Nissenboim, Co-Founder and CEO at Hexagate, commented on the groundbreaking innovation the partnership would bring, stating: “In the past two years, we pioneered real-time proactive security and built a battle-tested ML and invariant monitoring engines that today protects over $50 billion…
The total value locked (TVL) in XRP Ledger automated market makers (AMMs) has exceeded 10 million XRP, while the amount of pure XRP locked hit 5.19 million tokens. Vet, a famous XRPL dUNL validator, brought attention to this remarkable growth in a recent post on X. This update built upon a post by pro-XRP Australian attorney Bill Morgan, who referenced data from an explorer to show that XRP tokens locked in AMM pools have reached the 5 million mark. TVL on XRPL Hit 10.3M XRP Referencing statistics from the DeFi analytics platform DeXfi, Vet revealed that the total assets secured…
The recent parliamentary elections in France have produced an unprecedented result: none of the main parties managed to obtain an absolute majority. This political deadlock could have significant repercussions on the approval of new laws, including regulations on crypto. Mark Foster, responsabile delle politiche dell’UE presso il Crypto Council for Innovation, ha sottolineato come l’assenza di una maggioranza assoluta potrebbe complicare notevolmente la formazione di nuove politiche in questo settore emergente. Mark Foster, head of EU policy at the Crypto Council for Innovation, emphasized how the absence of an absolute majority could significantly complicate the formation of new policies in…
According to information provided by researcher Kaiko, Bitcoin miners are facing increasing pressure as they struggle with low token rewards, which has significant impacts on market liquidity and trading activity. A significant portion of Bitcoin mining revenue has been experiencing a significant decline recently following the halving at the end of April. This event, known as the halving, occurs approximately every four years and reduces mining rewards by half. The latest halving, the fourth since 2012, reduced daily production from 900 tokens to 450, resulting in a loss of annual revenue of approximately $10 billion based on then-current prices. In…
Lyra Finance partners with Ethena Labs to offer leveraged ETH exposure without initial capital risk. Ethena Labs’ stablecoin USDe gains utility through integration with Cloudbet and Bybit. Restaking derivative platform Lyra Finance announced in a recent tweet its partnership with Ethena Labs. By means of this partnership, users of the site have more ETH exposure without running any initial risk. While keeping their sUSDe returns when ETH prices remain constant, users may possibly make up to 2.5x their sUSDe returns when the price of ETH increases. Today, we’re partnering with @ethena_labs to provide users extra upside exposure to ETH without…
The Bahamas-registered entity of London Capital Group Ltd (LCG), a retail forex and contracts for differences (CFDs) broker, has ceased its operations and announced publicly that it has been impossible to carry out its operations following the bankruptcy of its Swiss parent company, FlowBank. “LCG Capital Markets Limited maintains funds with accounts at FlowBank SA,” the notice on the website of the offshore entity of LCG stated. “Due to significant agreements between LCG Capital Markets Limited and FlowBank SA, the appointment of the Liquidators has currently made it impossible for LCG Capital Markets Limited to carry out its operations.” The…
There have been significant changes in the balances in the cryptocurrency market in the last month. With the approval of Ethereum spot ETFs, there has been particular activity in the ETH ecosystem. However, even though the ETFs in question are approved, it is thought that it will take a few months for them to hit the market. So, what has changed in the number of unique users of altcoin networks in the last month? Which altcoin networks are at the top? Here are the answers. According to the data, BNB Chain, Polygon and Ethereum continue to be at the top,…
Key Points: The U.S. House of Representatives is set to vote on overturning Biden SAB 121, impacting how companies report digital assets. President Biden vetoed the repeal bill with concerns over financial stability and SEC regulatory oversight in the crypto sector. The U.S. House of Representatives is poised for a crucial vote this week on whether to overturn the SEC’s Staff Accounting Bulletin (SAB) 121, a guidance affecting how public companies report digital assets on their financial statements. House Vote on Biden SAB 121 Eleanor Terrett, reporting for Fox Business, indicated that the vote, requiring a two-thirds majority, is scheduled…