Author: NBTC

The cryptocurrency world is buzzing with news as an address reportedly linked to Nasdaq-listed Sharplink Gaming (SBET) has significantly expanded its Ethereum (ETH) holdings. This latest move saw the acquisition of an additional 19,271 ETH, valued at a staggering $80.37 million. This substantial Sharplink Gaming ETH purchase, reported by Onchain Lens approximately seven hours ago, solidifies the company’s position as a major player in the digital asset space. This recent transaction brings Sharplink Gaming‘s total Ethereum reserves to an impressive 859,395 ETH, now worth an astounding $3.58 billion. Such strategic Sharplink Gaming ETH investments by a publicly traded company highlight…

The California Department of Financial Protection and Innovation (DFPI) has fined Bitcoin ATM operator Coinhub $675,000 for overcharging customers, the regulator announced on Friday.  The fine includes $105,000 paid as restitution to California consumers that were charged more than the allowed maximum fee and charges for crypto ATM use.  “Crypto kiosk operators in California are on notice that we intend to root out bad actors and scammers who put consumers’ hard-earned money at risk,” said DFPI Commissioner KC Mohseni, in a statement. “We welcome legitimate operators in this industry, however, DFPI will not tolerate those who flout the law and…

YouTube has started what some consider to be a direct attack on blockchain gaming videos. This has raised concerns within the blockchain gaming community that it could potentially limit the availability of content that promotes or discusses decentralized gaming ecosystems. The decision comes after YouTube announced new restrictions on content that promotes gambling involving digital goods, including NFTs and in-game items. According to the new update, YouTube expanded its ban on content that directs viewers to online gambling services not certified by Google. It now covers any online gambling using digital items with real monetary value. In particular, the new…

Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday. “The patent-protected framework is designed to provide institutions and their customers with the efficiencies and security of tokenization while safeguarding core deposits from the risk of disintermediation.” Source: Caitlin Long Tokenized deposits are digital versions of bank deposits issued on a blockchain,…

UBS said it completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) in a live transaction that underscores how blockchain infrastructure is starting to interface with the $100 trillion global fund industry. The transaction involved the tokenized money market fund UBS USD Money Market Investment Fund Token (uMINT) built on Ethereum. DigiFT served as the onchain distributor, settling the redemption using Chainlink’s DTA standard. UBS’ internal systems initiated the process, which Chainlink’s infrastructure then executed, according to a press release shared with CoinDesk. “This transaction represents a key milestone in how smart contract-based technologies…

U.S. spot Ethereum ETFs recorded their second consecutive week of outflows, with around $555 million exiting the funds over the two-week period. Summary Spot Ether ETFs registered two consecutive weeks of outflows for the first time since April. Ether price breached past $4.2K resistance today and analysts now predict much higher gains over the coming weeks. According to data from SoSoValue, the nine Ether ETFs experienced their second consecutive week of outflows in the week dated Oct. 20-Oct. 24, which saw around $243.91 million withdrawn by investors. Fidelity’s FETH led the weekly outflows with $95.2 million in redemptions, while BlackRock’s…

The U.S. central bank seems almost certain to cut interest rates on Wednesday but it’s unclear whether bankers will end quantitative tightening (QT) and what its impact might be on crypto markets, analysts told Decrypt. QT is when the Federal Reserve reduces the amount of money in the financial system by letting its bond holdings shrink—pulling cash out of circulation to cool the economy and fight inflation. It’s the opposite of quantitative easing (QE), when the Fed pumps money in by buying bonds. Crypto traders mock quantitative easing by referring to the Fed’s money printer going brr as it prints…

Global regulators are discussing possible adjustments to the rules on banks’ cryptocurrency holdings. This talk follows the increased adoption of stablecoins, triggering a US-driven response against the current regulations. The new changes are set to take effect next year. Regarding the initial regulations, sources pointed out that the Basel Committee on Banking Supervision established these standards in late 2022. According to the perspective of senior finance officials, banks viewed these rules as barriers to crypto exposure because they require considerable capital for such assets. Since then, the outlook on cryptocurrency has undergone a drastic change. In the present day, what…

The same forces that opened Wall Street to everyone are now reshaping DeFi — but with something Robinhood could never offer. When Robinhood launched commission-free trading in 2013, the financial establishment dismissed it as a toy for millennials who couldn’t afford real brokers. Fast-forward to 2021, and those “amateur” traders were moving markets, forcing hedge funds to close positions, and fundamentally altering how Wall Street thinks about retail participation. Decentralized exchanges are experiencing a remarkably similar trajectory. The same dismissive critiques — “it’s just speculation,” “real investors won’t use this,” “the technology isn’t ready” — echo the skepticism that greeted…

Table of Contents Why the Fermi Hard Fork MattersThe Technical Core: BEPs Introduced in FermiWhat’s New in Version 1.6.2The Road to Mainnet: Testing and ValidationBackground: Continuous Optimization Since LorentzWhy the Block Time Reduction MattersConclusionResources:Frequently Asked Questions The BNB ChainFermi Hard Fork is the latest upgrade to the BNB Smart Chain (BSC) network. Its main goal is to improve speed and efficiency by reducing block time by 40% — from 750 milliseconds to 450 milliseconds. In practical terms, this means transactions on BNB Smart Chain will confirm faster, the network can handle more activity, and the user experience will become smoother.…