Author: NBTC

Craig Wright, who is not Satoshi, attended a court hearing today concerning a contempt application filed by the Cryptocurrency Open Patent Alliance (COPA). The judge scheduled the contempt hearing for Dec. 18, with discussions on whether Wright must appear in person and potential cross-examination. BitMex Research provided a live transcript of the court proceedings, during which the judge addressed Wright’s objection to a stay in the claim against Square Up and other defendants. Wright initially resisted but conceded after the judge clarified that a short stay would not affect the trial date. The judge ruled to stay the claim against…

A cryptocurrency trading expert is warning that Bitcoin (BTC) might be preparing for a major crash following a deceptive rally in which the asset failed to reclaim its previous record high. This outlook comes as Bitcoin continues to consolidate below the $70,000 resistance. Alan Santana observed that Bitcoin is flashing warning signs after showing a rare pattern of five consecutive red days, a movement that hasn’t occurred since May 2023, as he noted in a TradingView post on November 3. While Santana acknowledged that Bitcoin has faced significant downside risk for a while, the current chart pattern shows a “rounded…

The Nexo app is an innovative platform that combines the functionalities of centralized finance (CeFi) and decentralized finance (DeFi), allowing users to manage, exchange, and earn interest on their crypto. Founded in 2018, Nexo has established itself as a comprehensive ecosystem for those looking to maximize the potential of their digital assets, offering services such as crypto wallets, secured credit lines, and payment cards for cryptocurrencies. How the Nexo crypto app works Security and reliability How the Nexo crypto app works The Nexo app allows users to buy, exchange, lend, and earn interest on over 60 cryptocurrencies. To get started,…

VanEck’s head of digital assets research, Matthew Sigel, criticized a recent US Treasury Department’s views on digital assets in a recent report, claiming it had an anti-stablecoin stance based on outdated academic views. Sigel stated that the Treasury relied on a single academic study by Gary Gorton and Jeffery Zhang to justify a preference for centralized financial systems. Additionally, he said the study’s US-centric historical analysis promotes a “recycled narrative” that private money is inherently unstable, deeming it misleading. Sigel added: “History from other countries shows that private currencies don’t automatically lead to instability — when the right checks and…

report. HBAR Price Impact With Hiero, the Linux Foundation now has access to the full suite of Hedera’s core network software, including wallets, decentralized exchanges (DEXes), SDKs, and cryptographic solutions. This could attract more developers and enterprises to the Hedera network. Moreover, it could potentially increase the adoption and strengthen the use cases for the HBAR token. Adkins noted, “Hiero will foster a rich ecosystem of developers, innovators, and enterprises, driving forward critical applications for the Hedera network.” The potential impact on HBAR price is noteworthy. With more developers and enterprises entering the Hedera ecosystem through the open-source Hiero project,…

This is a segment from the Empire newsletter. To read full editions, subscribe. Hold your horses. While some folks around crypto think we could see the bullish rally take off after we get the election results, Empire’s Jason Yanowitz isn’t so sure. In Friday’s Roundup, he said that he doesn’t think we see the markets “rip” until potentially January or even February. “There could be more uncertainty” in November and December, he added, pointing out that he thinks the election results could be close. “Both sides are already prepping for an all-out war to contest the election,” Yanowitz said. Last…

River, an on-chain encrypted messaging protocol, has acquired Llama, a Founders Fund-backed smart contracts platform for decentralized governance. The acquisition will help River buttress its governance across its ecosystem, with the protocol integrating Llama’s open-source smart contracts technology directly into its various platforms. According to a blog post detailing the transaction, leveraging Llama will allow River’s stakeholders, including node operators and space owners, access to built-in tools that will bolster governance mechanisms. For instance, node operators or space owners can now submit proposals related to protocol changes, with secure and transparent voting. “In short, this acquisition crystallizes the ability for…

Australian computer scientist Craig Wright, who claims to be Bitcoin’s creator, has announced the development of a scaling solution to transform the flagship digital asset into a global, borderless cash system. In a November 3 post on X, Wright shared his long-term vision for the top crypto. He imagines a future where Bitcoin becomes a functional tool for international transactions rather than a quick route to wealth. Wright Reveals Vision and Scaling Solution for Bitcoin Wright stated that he and his team have been working on this BTC scaling solution, called TerraNode, for the past 15 years. He plans to…

Core DAO has recently celebrated a momentous weekly development with more than 6.5M transfers and 2.2M active wallets. As per Core DAO, this rise in the number of active wallets and transfers denotes widespread consumer adoption and growth. The platform took to social media to provide details of this landmark achievement. It has been a historic week for Core! 🔶• 6.5+ million transactions • 2.2+ million unique active wallets • $100,000 added in TVL• Top 5 blockchain by unique active walletsThis is just the beginning of the BTCfi revolution! 🌎🔥 pic.twitter.com/DJYUzpLGLv — Core DAO 🔶 (@Coredao_Org) November 2, 2024 Core…

The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE. The project, designed to simplify cross-border payments through CBDCs, has raised concerns over potential misuse by certain nations to evade international sanctions, according to a recent Bloomberg News report. BIS General Manager Agustín Carstens confirmed the organization’s withdrawal in an Oct. 31 speech, emphasizing that the decision to leave was not politically driven. Carstens characterized the exit as a…