Author: NBTC
The price of RUNE, the native token of THORChain, has climbed 19.7% to hit an intraday high of $1.65 today accompanied by a 29.6% increase in trading volume to $1.268 billion. This surge, however, comes amidst unsettling reports of illicit activity, as a hacker tied to the Bybit exchange reportedly exploited THORChain’s infrastructure to bridge over 70,000 ETH into Bitcoin (BTC) just a day prior. THORChain’s surge in price and activity THORChain has long been recognized for its role in enabling anonymous cross-chain swaps, a feature that empowers decentralized liquidity management across disparate blockchain networks. This functionality has fueled its…
This year’s rapid surge in U.S. states’ interest to put public money into cryptocurrencies before the federal government can establish a strategic reserve of digital assets has encountered mixed results after five such efforts flamed out, though Utah remains a single vote away from the finish line and Texas reportedly advanced a bill to its state Senate. Pennsylvania, Wyoming, Montana, South Dakota and North Dakota have fallen short of the mark in legislative efforts to put public money into crypto. Others — most notably Utah — have made significant progress toward passing bills that could tie their financial health to…
On Feb. 26, Strategy, formerly known as MicroStrategy, announced the launch of the Strategy Bitcoin Hub in Tysons Corner, Virginia, via an X post. Strategy, known for its significant bitcoin investments, has expanded its role beyond financial holdings by establishing the Strategy Bitcoin Hub. The hub is designed as a free co-working space, providing a venue for bitcoin enthusiasts to connect, collaborate, and innovate. According to the announcement, the hub offers a workspace, lounge, and gym. This move aligns with Strategy’s recent activities, including a $1.99 billion Bitcoin (BTC) purchase on Feb. 24, reflecting its commitment to the cryptocurrency ecosystem.…
Ripple President, Monica Long, used X to point out how important institutional adoption of digital assets is in South Korea. To that end, she announced Ripple’s new partnership with BDACS, a major digital asset custody firm in the region. The goal is to build up custody infrastructure for XRP, RLUSD, and other cryptocurrencies. South Korea is gearing up for a wave of institutional crypto adoption — very excited for Ripple Custody to plant another flag in APAC with @BDACSKorea for XRP and RLUSD. The importance for secure, institutional-grade custody technology can’t be overstated, especially as… https://t.co/dw98azf5rr — Monica Long (@MonicaLongSF)…
Strategy co-founder Michael Saylor has pitched Bitcoin, the leading cryptocurrency, to centibillionaire Jeff Bezos. “Bitcoin is the best way to promote personal liberties and free markets. It offers an open protocol for prosperity that can be delivered to everyone via digital technology,” Saylor said. “A dangerous precedent” Bezos, who owns The Washington Post, recently sparked controversy by announcing that the newspaper’s opinion section would be limited to those pieces that advocate for “free markets” and “personal liberties.” David Shipley, the editor of the section, has called it quits in response to the new policy. The billionaire claims that there is…
Binance, the largest crypto exchange based on trading volume, announced plans to list MyShell (SHELL), adding the decentralized AI consumer layer token designed to its catalog. The exchange also adds SHELL to HODLer airdrops, which rewards BNB holders with token airdrops based on historical snapshots of their BNB balances. Binance New Listing: What Users Need To Know MyShell advertises as a decentralized AI consumer layer designed to connect consumers, AI agent creators, and open-source researchers. Its native crypto, SHELL, will be available for trading on Binance starting Thursday, February 27, at 13:00 UTC. According to the announcement, SHELL will trade…
From the day the Jay Clayton-chaired Securities and Exchange Commission (SEC) filed its lawsuit against Ripple in December 2020, the final outcome has been up for debate. According to one side, commissioners would obviously prevail on the merits of SEC v. Ripple et al. In contrast, investors who appreciated the thousands of percentage point gains in XRP’s price since its Initial Coin Offering (ICO), found it hard to sympathize with the SEC’s attempt to protect investors from non-existent harm. The lawsuit was born into controversy. Clayton resigned as chairman one day after commissioners jointly filed their SEC lawsuit, suspiciously stepping…
Spot Bitcoin exchange-traded funds hit a daily record high with over $1.1 billion in combined outflows Tuesday as the price of the largest cryptocurrency by market value plummeted in a wider market rout. The drop followed outflows on Monday of $539 million–now the sixth-highest total in the funds’ nearly 14-month history–according to UK asset manager, Farside Investors. “We had a record outflow yesterday across the U.S. spot Bitcoin ETFs,” Bloomberg ETF Research Analyst James Seyffart wrote in an email to Decrypt. “But to be honest, this is largely par for the course of a volatile ETF category. In general, the…
Shiba Inu team has congratulated its partner K9 Finance DAO for receiving a $200,000 grant through the Google for Startups initiative. K9 Finance recently took to X to announce that it has been awarded a grant of $200,000 under the Google for Startups program. Per the announcement, the grant comes in the form of free access to Google Cloud services instead of direct cash. With the grant, K9’s development team can access Google Cloud’s infrastructure, security features, and artificial intelligence (AI) tools at zero cost. For context, Google introduced the Google for Startups program in 2011, which offers startups an…
Binance lawsuit: paused. Coinbase lawsuit: dismissed. Investigations into OpenSea, Robinhood, and Uniswap? Done, done, and dusted. Over the last two weeks, President Donald Trump’s SEC has effectively ripped apart its crypto caseload, dismantling the agency’s concerted, years-long campaign to halt the core businesses of all manner of blockchain-related companies. The development, naturally, has spread euphoria across the digital assets industry after years of costly legal battles that threatened to push top exchanges out of business. But should the crypto industry be celebrating total victory just yet? Legal experts who spoke to Decrypt cautioned it may be a tad early to…