Author: NBTC
World Liberty Financial, the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, announced plans to start selling tokens on Tuesday – exactly three weeks before the presidential election for which Donald Trump is the Republican candidate. “Public sale starts [on] October 15th, open to everyone who qualifies through the whitelist,” the project’s social media account posted on Friday. Bettors on blockchain-based prediction market Polymarket see Donald Trump as the frontrunner in the presidential election taking place on Nov. 5. World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform…
Shiba Inu lead Shytoshi Kusama reacts to an NFT commercial from automobile manufacturer DeLorean featuring a Shiba Inu. The crypto scene and pop culture recently collided in a unique way, as “Back to the Future” star Christopher Lloyd appeared in a DeLorean NFT commercial that also featured a Shiba Inu dog. This cameo didn’t go unnoticed by Shytoshi Kusama, the Shiba Inu lead developer, who took to X to express his excitement. Kusama Reacts to Shiba Inu Feature In a post, Kusama reacted with enthusiasm to the commercial, which he saw as a nod to the growing influence of the…
Boston-based asset management and banking giant State Street (STT) is working on bond and money market fund tokenization, but has no imminent plans to create a stablecoin or tokenized deposits, according to a bank executive. “We don’t have a current plan to issue a stablecoin or tokenise a deposit,” said Donna Milrod, the bank’s chief product officer, in an interview with Financial News. “That doesn’t mean we won’t at some point, but we don’t feel the need to do that right now.” A July report by Bloomberg said State Street was exploring crafting a stablecoin and developing tokenized deposits. Instead,…
Leading blockchain payments company Ripple issues a new public service announcement (PSA), notifying the general public that its stablecoin, Ripple USD (RLUSD), is still in private beta. Ripple noted that although network participants have seen some interesting on-chain activity related to RLUSD, the stablecoin is not yet available for public use. The company warned users to be wary of scammers, emphasizing that any claims of RLUSD distribution are likely scams. Furthermore, Ripple encouraged crypto enthusiasts to watch for official updates and be wary of potential scams. Growing Speculation Amid Surge in RLUSD Minting Ripple’s latest message about RLUSD comes amid…
On October 9, the U.S. Securities and Exchange Commission (SEC) commissioner Mark Uyeda opined that the agency’s approach to the crypto industry has been a disaster. Uyeda criticized what he sees as ‘enforcing policy without providing clear guidance’, an approach that has bogged down the industry in lawsuits while engendering an atmosphere of uncertainty for investors, when speaking in an interview on Fox Business. I think our policies and our approach over the last several years have been just really a disaster for the whole industry. Commissioner Uyeda is right: The SEC’s crypto policies have been a disaster for the…
Mike Sires, a military veteran from Dublin, Ohio, has developed AuthLN, a proof-of-work authentication protocol that aims to reduce cybercrime by introducing a financial cost to unauthorized login attempts. Drawing on his experience with Bitcoin and inspiration from Jason Lowery’s “Softwar” thesis, Sires seeks to make cyberattacks unprofitable by leveraging the Bitcoin Lightning Network. Sires was introduced to Bitcoin in 2023 after reading Lowery’s thesis, which presents Bitcoin as more than just a financial innovation but as a critical technology for national security and power projection in cyberspace. The thesis argues that Bitcoin’s proof-of-work mechanism allows for the projection of…
DeFi is getting top billing on day three of Permissionless III, with a high-profile main stage session and its own breakout track. After lying in wait during recent years, DeFi is on the brink of a renaissance, according to panelists who discussed the category’s future role in crypto on Friday morning. Kain Warwick, Stani Kulechov and Sam Kazemian delved into the maturation of DeFi, the prospects for new innovations, a shift from experimentation to consolidation, the next phase of scaling and competing with centralized services. Moderator David Hoffman kicked off the session with the observation that we haven’t seen much…
The NFT (non-fungible token) auction market has cooled down significantly from its 2021 frenzy, characterized by fewer auctions and lower price ranges, but experts are likening the phase to a healthy consolidation that will usher in more sustainable growth over the years. According to Artprice’s 2024 Contemporary Art Market report, over the past year, NFT auction sales fetched only $9.3 million. This was a far cry from the peak of speculation in 2021, when digital artist Beeple sold an NFT for an astounding $69 million at Christie’s, propelling him into the global spotlight. As the event sent shockwaves through both…
Spirit Blockchain Capital Inc. is buying Dogecoin Portfolio Holdings. This deal should strengthen Spirit Blockchain’s position in the digital asset management sector, especially in the Dogecoin ecosystem. Spirit Blockchain Capital wants to use the Dogecoin acquisition to create digital asset products. The CEO of Spirit Blockchain, Lewis Bateman, said that this acquisition is an important step in the company’s goal to develop new financial solutions, taking advantage of Dogecoin’s popularity. Bateman also said that the acquisition will let Spirit Blockchain create new financial products to benefit shareholders and contribute to the broader progress of decentralized finance. The Cultural Impact of…
A former Ripple employee has provided detailed insights on how Ripple’s upcoming RLUSD stablecoin will benefit XRP rather than harm it. This insight was shared in a conversation with Tony Edward, the host of the Thinking Crypto podcast. Notably, this Ripple alum was part of the team that developed Ripple’s On-Demand Liquidity (ODL) product, now known as Ripple Payments. RLUSD Will Be Paired with XRP for Greater Liquidity The former employee revealed they have long advocated for Ripple to launch a stablecoin. When asked whether RLUSD could negatively impact XRP, they suggested quite the opposite. According to their insights, the…