Author: NBTC
The US government is shifting some of the funds seized from Alameda. The government is swapping ANT tokens for ETH from one of the main seized wallets of Alameda Research. The US government is moving some of the holdings seized from Alameda research, swapping tokens for the more liquid Ethereum (ETH). As reported by Arkham Intelligence, the ANT tokens were sold in two transactions, for $550K and $518K in ETH. The US government redeemed ANT tokens for more liquid ETH before the November 2 token phaseout deadline. | Source: Arkham The transfers of ANT tokens are the first activity on…
This is a segment from the 0xResearch newsletter. To read full editions, subscribe. Alliance DAO continues to shape the crypto landscape as an influential accelerator, supporting Web3 innovators with high-growth potential. With thousands of applications each year, Alliance leverages its extensive dataset to track trends and offer insights into evolving crypto sectors. This was evident in Alliance’s latest Demo Day yesterday, where a cadre of crypto prospects showcased their latest and greatest ideas to provide a snapshot of the future of crypto development. The startup pitches jived well with Alliance’s recent report on industry trends. The report highlights Ethereum’s ongoing…
While a majorly negative sentiment currently dominates the down-trending cryptocurrency market, a trading analyst shows optimism for a potential Bitcoin (BTC) bullish reversal. Notably, the trader CRYPTOMOJO_TA shared an analysis on TradingView on September 3, urging investors to “be ready for the reversal.” According to him, Bitcoin has failed multiple times to break the key resistance between $69,000 and $70,000. However, the analyst believes “this time could be different,” driving BTC to the so-awaited $100,000 price target. “Breaking through the critical $69-70k resistance level is essential for the bulls to regain control. Despite multiple failed attempts, there is renewed optimism…
The Indian central bank governor views stablecoins as a risk to government sovereignty over the monetary system. Speaking at the G30 39th Annual International Banking Seminar held in Washington DC, Reserve Bank of India governor Shaktikanta Das said he has “very strong reservations against stablecoins.” According to Das, stablecoins are “private money” that could undermine government sovereignty by allowing private issuers to dominate the payment ecosystem. He went on to add that stablecoins offer more risks than advantages. Instead, he highlighted the advantages of CBDCs, pointing out that they’re backed by the government, offer guaranteed settlement, and don’t need any…
Host of the Good Morning Crypto podcast, Abdullah Nassif, recently sparked a discussion in the crypto community by questioning whether XRP is “finally” recognized as a currency. This conversation was triggered by Wall Street analyst Linda Jones, who highlighted in a recent podcast that XRP was long considered not to be a security, even before the SEC lawsuit against Ripple Labs. The context of her statement revolved around the potential for the SEC to appeal the 2023 ruling, which states that XRP is not a security. Previous Lawsuit Called XRP a Virtual Currency According to Jones, it was “already determined”…
According to Hong Kong’s Securities and Futures Commission (SFC), the regulator is ready to approve more licenses for crypto exchanges. However, it reminded them that they must first undergo stringent compliance checks. The SFC released a licensing framework, which all exchanges must comply with. This framework addresses key issues, such as AML practices, investor protection, and secure assets custody. The SFC’s digital asset licensing framework After an inspection period of about five months, the commission found some of the digital assets trading companies that submitted to its approval process lacking in key areas, such as custody of clients’ assets and…
Buzzy battle royale game Off the Grid has added player skins inspired by Donald Trump and Kamala Harris skins, each featuring comical voice lines, in its latest “Save Democracy” content pack—just four days before the U.S. presidential election. The content pack grants buyers player skins based on the respective presidential candidates, with each face looking like a rubber Halloween mask. The pack is also bundled with two “Epic” weapons, as well as character emotes that show the character either building a wall or tossing a molotov cocktail. Both skins come with custom voice lines performed by soundalike actors, delivering comical…
With the advancement of IT technologies and blockchain platforms, a new type of contract has emerged: smart contracts. In this article, we’ll explore smart contracts and how they’re being used today. Table of Contents What are smart contracts. Smart contracts explained Historical background How do smart contracts work Types of smart contracts Benefits of smart contracts Use cases Smart contracts examples Future of smart contracts What are smart contracts. Smart contracts explained What is a smart contract? It is like a digital agreement that runs on its own, with all the terms and conditions written directly into the code. It…
Almost everyone in the cryptocurrency community knows that Michael Saylor is a massive Bitcoin (BTC) enthusiast, but he has not bought any of the maiden crypto asset lately, leading one trading expert to try and discern the logic behind this and whether his confidence is going down. Indeed, trading expert Alan Santana has pointed out that the MicroStrategy (NASDAQ: MSTR) executive chair “hasn’t been buying any Bitcoins,” as well as that BlackRock (NYSE: BLK), “is nowhere to be found,” wondering what this indicates, in a TradingView post on September 4. Why is Saylor not buying Bitcoin? According to Santana, “one…
During the Hong Kong Fintech Week, the bank HSBC presented the gold token, the first real world asset token issued by a bank linked to physical gold. In reality, the gold token of HSBC was launched in June 2024 and unfortunately for now it is only for residents of Hong Kong. 1 token is equivalent to 0.001 ounce of gold. The tokens are unfortunately (but predictably) based on a private distributed ledger, to avoid gas fees and due to issues related to KYC, or rather the fact that the bank wants to know who holds the tokens and they do…