Author: NBTC
XRP Ledger (XRPL) is set to introduce a groundbreaking feature that will bring lightweight identity verification to the network. According to Mayukha Vadari, RippleX senior software developer, the new “Credentials” feature will allow institutions to achieve KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance without sacrificing privacy or decentralization. Credentials are coming to the XRPL!This new feature enables secure, lightweight identity verification, helping institutions meet KYC/AML compliance without sacrificing privacy or decentralization.Let’s dive in… 🧵https://t.co/HjqtS31ZXG — Mayukha Vadari (@msvadari) February 7, 2025 Credentials is a new feature that offers a secure, lightweight framework for issuing, managing and verifying user…
Anthony Scaramucci, founder of SkyBridge Capital, says New York’s Martin Act, an anti-fraud statute enacted in 1921, should be repealed. The SkyBridge Capital founder’s call for the abolishing of the law comes in the wake of the New York Attorney General’s $200 million settlement settlement with Galaxy Digital. And it all relates to the collapsed LUNA (LUNA) token. In a post on X, Scaramucci, labelled the Martin Act as a “dangerously powerful” law whose application is likely to be abused and lead to legal overreach. The Martin Act allows the NYAG to bring lawsuits against parties deemed to have violated…
The layer one (L1) blockchain Sonic has experienced substantial growth, with metrics revealing a 2,951% increase in the project’s total value locked (TVL) since the beginning of the year. L1 Blockchain Sonic’s TVL Climbs 2,951% Since January On March 27, Sonic’s official social media account announced on X that the blockchain had crossed the $1 billion TVL milestone. Emerging from its roots in the Fantom Opera Network, Sonic positions itself as a high-performance L1 blockchain. The project claims to offer sub-second transaction finality, with completion times reaching as low as 720 milliseconds, alongside a processing capacity of up to 2,000…
According to Empire analyst Jason Yanowitz, Bitcoin’s current price levels are largely based on MicroStrategy’s massive Bitcoin purchases, while venture capital (VC) has yet to enter the market on a large scale. Yanowitz emphasized that Bitcoin may still be in the early stages of its current cycle, excluding Strategy’s (formerly MicroStrategy) Bitcoin purchases since late last year, which have totaled over $20 billion. “Right now, the market is still in a ‘player versus player’ (PvP) phase,” he said, suggesting that institutional adoption beyond MicroStrategy’s aggressive buying remains limited. CMS Holdings’ Dan Matuszewski echoed that sentiment, noting that the 2022 bear…
The remarkable change the TRON blockchain is going through confirms its strong presence in the cryptocurrency scene. Driven mostly by stablecoin transactions and a growing memecoin industry, recent data exposes a solid increase in network activity. Retail and institutional investors have drawn interest in the platform’s development from a basic blockchain to a multifaceted digital habitat. Network’s Stablecoin Circulation Soars To Historic Highs Handling an impressive 60% of all transfers across blockchains, TRON has become the chosen avenue for USDT transactions. Although Ethereum still accounts for 47% of the entire USDT supply, TRON’s 43% share drives much more transaction activity.…
Investigations against Javier Milei are proceeding after his involvement in the LIBRA scandal. Judge Sandra Arroyo Salgado is examining his assets and whereabouts during the pump-and-dump incident. This judge is also investigating similar topics regarding key political allies, especially his sister Karina. At present, it’s unclear if she will file criminal charges, but this scandal is not ideal for anyone’s political career. How Much Was President Milei Involved With LIBRA? Since the LIBRA scandal rocked the meme coin market and Argentina’s political space last month, legal consequences have been falling on many of the perpetrators. Arrest warrants were issued for…
Tools for Humanity, the for-profit firm behind Sam Altman’s crypto-powered World Network, has updated its “Mini Apps” with Mini Apps 1.2. The company is also launching a $300,000 Developer Rewards pilot program, Tools for Humanity exclusively shared with Blockworks. Mini Apps version 1.2 makes mini apps load faster within the World mobile app, adds haptic feedback, enables customization, and allows you to pin your favorite mini apps to your phone’s home screen without needing to open the Worldcoin Wallet app, according to the company. Mini apps will also be accessible through the search bar on iOS. The app is currently…
Chris Burniske, a former crypto lead at Cathie Wood’s Ark Invest fund, has taken to his account on the X social media platform to respond to a question from an X user about the current pullback in the middle of the bull market. He believes it is not all as bad as it may seem and named an example from the recent past when a similar drawdown later grew into a massive bullish continuation for Bitcoin and altcoins. “Not sign of cycle top” Burniske responded to a question from a cryptocurrency enthusiast on X as to whether the current market…
The perceived odds of Ye, the rapper formerly known as Kanye West, launching a token have plummeted after he posted on social media that he is “not doing a coin” in a post where he added that “coins prey on the fans with hype.” That post saw the perceived odds of Kanye launching a token this month, which at one point reached 40% on the popular prediction market Polymarket, plunge to around 10% as traders reacted to it. Various memecoins, called “Ye,” have popped up since the rapper started the conversation about crypto on social media, in anticipation that the…
A confused crypto firm that was hoping to play a major role in Changpeng Zhao’s so-called “pay-to-reach” project says it’s now “grappling with profound self-doubt” after the former Binance CEO announced he had chosen to move forward with a rival firm instead. Xnect says it had already engaged with the BNB Chain team on a launch plan, and that BNB Chain reposted its online video tutorial twice and recognized it as “the pioneering pay-to-reach protocol.” However, despite this, earlier today, Zhao announced on X that he would instead be partnering with rival firm Reachme.io. After Zhao teased his pay-to-reach plans…