Author: NBTC
Animoca Brands launched its own token, MOCA Coin, on Thursday. The launch turns heads, given the rarity of public companies in crypto making such a move. The GameFi and metaverse giant is planning to go public in early 2025 in Hong Kong or the Middle East. The two regions are famous for their favorable stance towards cryptocurrency. MOCA Coin Soars to $141 Million Market Cap Following its launch, MOCA Coin skyrocketed by over 90%, with CoinGecko data showing a market capitalization above $141 million. Serving as a utility token in Animoca’s ecosystem of Web3 games and applications, it will help…
Stuart Alderoty states Ripple’s $125M fine follows a court ruling that rejected the SEC’s claim that XRP is a security. Stuart Alderoty says, Ripple respects the court’s ruling on historical sales and will pay the $125M fine, using cash from its balance sheet. Judge Torres’ ruling clarified that XRP itself is not a security, a major win for Ripple and the broader cryptocurrency industry. Ripple’s long-standing legal battle with the U.S. Securities and Exchange Commission (SEC) came to an end on Thursday 8th Aug 2024. According to Ripple’s lawyer Sturt Alderoty, Ripple is ready to pay a $125 million fine…
India’s prominent crypto exchange, WazirX, has announced the successful restoration of user account balances following a severe cyber attack on July 18, 2024. The exchange promptly canceled all transactions post-incident to maintain platform integrity and ensure fairness for all its users. “We are committed to safeguarding our users and maintaining transparency,” stated a WazirX spokesperson. WazirX restores user balances after cyber attack, ensuring platform integrity and user trust. WazirX’s Immediate Response to the Cyber Attack After a sophisticated cyber attack hit WazirX on July 18, 2024, the exchange swiftly moved to safeguard its user base by halting all post-incident transactions.…
Does your company do worst-case scenario planning? What will you do if the rule of law erodes and corruption accelerates? The year 2024 is set to be one of the biggest and most important election years in history. It comes at a time of global instability, where there is, once again, a war in Europe, and the post-World War II international order itself is under strain. Although decentralized technology cannot provide meaningful protection against a total collapse of the rule of law, such a scenario remains unlikely. Nevertheless, erosion of the rule of law is still possible. There are several…
Bitcoin’s (BTC) current struggle with bearish sentiments is likely to intensify as the market anticipates a possible influx of capital. Specifically, the market expects a dump of Bitcoin worth approximately $9 billion as the defunct crypto exchange Mt. Gox plans to make repayments starting in July 2024. These long-awaited repayments mark the end of a decade-long ordeal for creditors since Mt. Gox ceased operations on February 24, 2014, following a hacking incident. At its peak, the exchange handled over 70% of all Bitcoin transactions worldwide, but it halted trading and went offline, leading to significant financial losses for many investors.…
While central bank digital currencies (CBDCs) can open up a world of new opportunities, they can also reduce bank deposits, affecting the credit-creating capacity of commercial banks. “As deposits are a cheap and stable source of funding for banks, substitution of bank deposits with CBDCs could impact banks’ overall funding, and ability to lend,” the Reserve Bank of India (RBI) said in its report on currency and finance. “CBDCs could also impact the commercial bank reserves at the central bank and open market operations,” the central bank pointed out. The RBI started its first digital rupee pilot in the wholesale…
Valour Inc. has signed a memorandum of understanding with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the issuance and trading of digital asset exchange-traded products in Africa. The NSE is hopeful the collaboration will result in better product offerings and a broader investor base. Passporting of Valour’s ETPs to the Nairobi Stock Exchange Valour Inc., an issuer of exchange-traded products (ETPs) that simplify access to digital assets, has signed a memorandum of understanding (MOU) with the Nairobi Securities Exchange (NSE) and Sovfi Inc. to facilitate the creation, issuance, and trading of digital asset ETPs in Africa. The…
Polychain-backed modular blockchain platform Nubit and Web3 firm Succinct have launched Nuport, a new interface leveraging Nubit’s data availability layer to connect various blockchains. In its announcement on Aug. 6, Nubit said Nuport would allow the modular blockchain to bridge to Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and other blockchains. This will be achieved via Succinct SP1, a zero-knowledge powered virtual machine that allows developers to build real-world applications with zero knowledge proofs. Through writing Rust, SP1 integration also means any developer can access ZKPs by writing popular programming languages. Through the Nubit DA, any blockchain ecosystem can tap into…
MicroStrategy chairman and cofounder Michael Saylor has sparked excitement within the crypto community by launching a poll, asking, “How fast do you expect BTC to appreciate annually in USD over the next ten years?” The results reveal strong bullish sentiment among respondents, suggesting a significant price boom ahead for Bitcoin. How fast do you expect $BTC to appreciate annually in USD over the next ten years? — Michael Saylor⚡️ (@saylor) June 23, 2024 These results indicate that nearly half of the respondents are extremely optimistic about Bitcoin’s future, anticipating a substantial annual appreciation that could see the cryptocurrency reaching unprecedented…
HTX Ventures, the investment arm of the global crypto exchange HTX, has outlined its key investment directions for the first half of 2024. According to the company, the first half of 2024 has been a period of significant innovation and growth in the cryptocurrency market. The company made 23 investments in the first half of 2024, focusing on DeFi, Bitcoin, and AI, among others. The cryptocurrency market witnessed substantial growth in early 2024. The approval of Bitcoin and ETH ETFs by the U.S. Securities and Exchange Commission has brought cryptocurrencies into the ETF era, injecting significant liquidity and stabilizing prices.…