Author: NBTC

Polygon Labs, the main developer firm behind the layer-2 network Polygon, said Wednesday that it will be performing the technical upgrade that swaps out its MATIC token for its new POL token starting on September 4th. The migration comes as a part of Polygon’s planned revamp laid out last year in its “Polygon 2.0” roadmap. The change was initially proposed in July 2023 to its community, and would make POL the main token for all Polygon networks. The switch will consist of a technical upgrade that will allow POL to become the native gas and staking token for Polygon’s main…

The US Securities and Exchange Commission (SEC) is seeking to amend its complaint against Binance Holdings, Binance.US, and Binance’s former CEO Changpeng Zhao, according to a joint filing dated July 30, 2024. The specific changes will involve redefining “third-party crypto asset securities,” potentially including Solana (SOL). “The SEC informed Defendants that it intends to seek leave to amend its Complaint, including with respect to the “Third Party Crypto Asset Securities” as defined in the SEC’s Omnibus Opposition to Defendants’ Motion to Dismiss, Dkt. No. 172, obviating the need for the Court to issue a ruling as to the sufficiency of…

NASHVILLE, July 25 (Reuters) – U.S. cryptocurrency exchange Coinbase has added three new members to its board of directors, including an executive from ChatGPT-maker OpenAI, as the company steps up its efforts to sway U.S. crypto policy, Coinbase told Reuters on Thursday. The new members are Chris Lehane, a member of the executive team at OpenAI; Paul Clement, former U.S. Solicitor General under President George W. Bush; and Christa Davies, chief financial officer for Aon and a board member for Stripe and Workday. The additions will expand the board from seven to 10. Coinbase’s move to expand its board comes…

Can we really use blockchain in real-world applications? Block Dojo Philippines’ cohort 2 examines this question in real estate, education, and pet registry areas. In May, Block Dojo Philippines hosted it’s second bootcamp in Bataan, where six founders who have been looking for ways to integrate blockchain in their startups were present. Among them were Pierre Legislador, founder of Upraised (formerly Housewell); Gino Sampedro, founder of CertifyEd; and John Dometita, founder of Petopass. Petopass secures your pet’s safety with pet passports For all pet lovers, your furbaby has always been an important part of your life. When traveling abroad, you…

Investors seeking leveraged exposure to Bitcoin’s price may be in store for some spicy TradFi products, following the T-Rex Group’s filing for several MicroStrategy ETFs on Thursday. The issuer of leveraged funds for tech giants like Tesla and Nvidia signaled that the Bitcoin-hungry software firm is next up on its plate. T-Rex submitted applications for two ETFs—one that would deliver 2x long performance on MicroStrategy’s stock—alongside a correlating inverse option, according to filings with the U.S. Securities and Exchange Commission (SEC). The spiciness associated with digital assets may already be too hot to handle for some. And according to Bloomberg…

Ethereum ETFs launch has attracted increased investors’ interest to Layer 1 protocols. Ethereum falls to number five among top fee generating protocols. Ethereum may continue trading horizontally until Grayscale ETHE outflows cool. Ethereum is up 3% on Monday following outflows across Ethereum ETFs and increased attention towards Layer 1 blockchain networks. Daily Digest Market Movers: 21Shares Ethereum ETF boosts transparency, sees increased social volume These are the top Ethereum-related stories in the past few hours: Asset manager 21Shares partnered with Chainlink to enable the integration of its Proof of Reserve into 21Shares Core Ethereum ETF (CETH). The move will ensure…

The Evolution of Crypto Regulation: Insights from Joey Garcia of Xapo Bank In a recent interview, Joey Garcia, Director and Head of Regulatory Affairs and Public Relations at Bitcoin-focused Xapo Bank, shared his journey and insights into the evolution of digital assets regulation. Joined by CryptoSlate Senior Analyst James Van Straten, Garcia provided a detailed account of the challenges and milestones in shaping regulatory frameworks for digital assets. The Early Days of Crypto Regulation Joey Garcia’s journey with Xapo Bank began in 2014 when he met Wences Casares, a renowned figure in the digital assets space. Casares approached Garcia with…

Kamala Harris’s potential choice of anti-crypto Gary Peters as running mate could negatively impact Bitcoin and the broader cryptocurrency market. The crypto community is urged to be vigilant and spread awareness about Peters’ anti-Bitcoin stance to influence informed voting decisions. Organized labor is quietly urging Vice President Kamala Harris to consider Sen. Gary Peters (D-Mich.) as her running mate, according to information obtained by Axios. This is an issue because Michigan is a crucial battleground state for Democrats, and strong union support could make Peters a strategic choice for Harris. Blockchain researcher Collin Brown shared an important warning with the…

Charles Hoskinson, the Cardano founder, hints at the possible launch date of the 90’s FPS game Doom on Cardano’s Hydra scaling solution. Notably, he revealed this in a post on X today, suggesting proponents could get a chance to play the game at the upcoming Rare Evo conference in Las Vegas, Nevada. For the uninitiated, the Rare Evo blockchain conference is slated to occur between August 15 to 17, with Hoskinson featured as one of the speakers. In his recent disclosure, the Cardano founder shared a link to the game, which appeared to be an extension of the official Hydra.family…

The Ton ecosystem has announced its partnership with Crust Network. By increasing the capabilities of decentralized storage and providing a better user experience, this integration marks a key milestone for both the Crust Network and the Ton ecosystem. 🤝 @CrustNetwork x #TON 💎 https://t.co/UH7KrcGt4e — TON 💎 (@ton_blockchain) July 31, 2024 Crust Network is a purpose-built layer one blockchain providing composable cloud storage solutions for all ecosystems’ developers, builders, and end-users. It includes application layer storage interfaces and supports IPFS and other storage layer protocols. Decentralized computing can be supported by Crust’s technology stack. More About this Partnership Initially developed…