Author: NBTC

Humanity Protocol, a zero-knowledge decentralized identity project backed by Polygon Labs and Animoca Brands, announced today that its testnet launch successfully attracted 25,000 registrations in the first 24 hours. Discussing the milestone, Terence Kwok, CEO and Founder of Humanity Protocol, said the project is on track to achieve its goals. He believes that community support shows the need for a more secure and user-friendly identity verification solution. “Our community’s overwhelming response reaffirms the demand we’re seeing for a more secure and user-friendly way to verify identity without sacrificing personal data in an increasingly digital world,” Kwok said. “We’re excited to…

According to the Smart Money tracker on the X platform, @lookonchain, slightly more than an hour ago, a new Bitcoin whale emerged on the market as tens of millions worth of Bitcoin went from the Binance exchange to a new cryptocurrency wallet. The wallet ends in -4DaAXS, and its owner withdrew a massive $64.47 million in crypto (1,015 Bitcoin worth) from the world’s largest centralized crypto trader, Binance. Someone created a new wallet and withdrew 1,015 $BTC($64.47M) from #Binance 1 hour ago.Address:12993NM9fV8dSSQgbWDZSBVgqtPw4DaAXS pic.twitter.com/PGwd3AbrmK — Lookonchain (@lookonchain) September 24, 2024 This transaction was also observed by popular blockchain sleuth Whale Alert.…

Coinbase’s Chief Legal Officer, Paul Grewal, has raised concerns over the U.S. Securities and Exchange Commission’s (SEC) inconsistent stance on crypto classification. Grewal pointed out what he described as double standards in the way the SEC has argued whether crypto assets should be classified as securities in different court cases. Coinbase CLO on SEC’s Crypto Classification Fiasco In a recent tweet, Grewal referred to the SEC’s arguments in the LEJILEX case, highlighting a specific contradiction. According to the reply brief filed on Wednesday, October 2, the SEC argued that “whether a digital-asset transaction is a securities transaction is not determined…

Poland’s second-largest bank, Bank Pekao, is using blockchain technology to preserve the country’s cultural heritage. According to a Pekao press release, the bank partnered with Aleph Zero to launch Archiv3, a project aimed at tokenizing Polish artwork and securely storing it for future generations. Tokenization is the process of turning physical assets, like art, into digital tokens on a blockchain, making them easier to store and track. For this project, Bank Pekao is digitizing famous Polish artworks, like those by Jan Matejko and Stanisław Wyspiański, using advanced 3D scanning technology. These digital versions are then stored as non-fungible tokens on…

Note: The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk, Inc. or its owners and affiliates. As an ETF, BlackRock’s Bitcoin Trust incurs an expense ratio of 0.25%, while MicroStrategy charges no such fee to shareholders. MicroStrategy benefits from revenue generated by its analytics business, providing financial stability beyond its bitcoin holdings. MSTR has the ability to raise capital via debt and equity offerings, while IBIT is reliant on direct investor inflows. Disclosure: The writer owns shares in MicroStrategy. The launch of U.S. bitcoin exchange-traded funds on Jan. 11, 2024,…

Cryptocurrency has evolved as a global asset class with significant implications for modern investment portfolios. Despite undeniable growth, crypto remains volatile, posing challenges for even seasoned investors. An increasingly popular solution to navigating these risks is crypto index investing. Crypto index funds are products that bundle multiple cryptocurrencies into a single vehicle, offering a diversified, systematic approach to gaining exposure to the digital asset market while mitigating some of its inherent risks. You’re reading Crypto Long & Short, our weekly newsletter featuring insights, news and analysis for the professional investor. Sign up here to get it in your inbox every…

Attorney Bill Morgan has clarified that the SEC’s latest appeal in the Ripple Labs case does not apply to secondary market sales of XRP made by retail investors. The appeal focuses on Ripple’s programmatic sales and distributions of XRP, not individual transactions on exchanges. The clarification comes after the U.S. SEC filed an appeal notice on October 2nd, following Judge Analisa Torres’s ruling in July. Confusion Concerning SEC Appeal Scope In a post on X, Morgan explained that Judge Analisa Torres did not rule on secondary sales of XRP, which involve transactions made by individuals on exchanges, such as retail…

The blockchain technology realm is going through a continuous evolution, with several entities competing for dominance in the case of user engagement, adoption, and utility. Recent statistics from Phoenix, a well-known crypto analytics platform, point toward the top active blockchains based on monthly and daily active addresses. The respective numbers offer a comprehensive overview of the industry’s present position. This displays which chains are going through the most consistent consumer engagement. TOP #BLOCKCHAINS BY MONTHLY ACTIVE ADDRESSES #Solana #Near #Base #Tron #BNBChain #Ton #Ethereum #Polygon #Arbitrum #Optimism pic.twitter.com/7td5c59VeM — PHOENIX – Crypto News & Analytics (@pnxgrp) October 2, 2024 Solana…

Bitcoin is aiming for a new all-time high as gold reaches its own record today, up 28% in 2024 and on track for its best year since 1979. While the US Federal Reserve continues to push for a “soft landing,” gold’s surge may be signaling a different outlook for the economy. Following the Fed’s recent interest rate cut of 0.5% on Sept. 18, gold surged to a record $2,648 per ounce today, driven by the weakening US dollar and rising global geopolitical tensions. As the US Dollar Index ($DXY) weakens and rate cuts take hold, the tumbling dollar has made…

Cathie Wood, a renowned investor and chief executive at Ark Invest, has taken to her account on the X social media platform (formerly popular as Twitter) to praise AI and also share the recent “white paper.” This document was written by Ark’s Chief Futurist Brett Winton, and it addresses current AI development, its quite fast expansion and the potential of this technology, as well as what it can achieve in the future. Cathie Wood has referred to AI as “the most transformative technology in history and the biggest catalyst to other innovation platforms.” These platforms in the future, she believes,…