Author: NBTC

WazirX, the Indian cryptocurrency exchange that suffered a major hack in July 2024, has filed a legal submission in line with the Singaporean High Court’s instructions. In its latest post, the exchange confirmed that it filed the submission on Friday, September 26, meeting the deadline set in the ongoing matter. This filing came as part of a broader schedule, where opposing creditors were ordered to submit corrected affidavits by September 19, Zettai Pte Ltd was directed to respond by September 22, and all parties were required to lodge their final written submissions by September 26. 📢 Update on Singapore proceedingsAs…

Ethereum’s dip below $4,000 triggers over $400 million in futures liquidations, the second time in five days. REX Shares has launched the first Ethereum staking ETF in the United States. ETH eyes a bounce off the 100-day SMA after losing the $4,000 critical support level. Ethereum (ETH) is declining below $4,000 on Thursday, accelerating liquidations among holders of long positions on ETH futures. Long liquidations surged above $400 million for the second time in four days as prevailing bearish sentiment in the crypto market continues to weigh on Ethereum. The decline comes after FXStreet noticed ETH funding rates flashed negative…

When markets feel the heat, the contrasts between them become clear right away. Popular crypto analyst Will Clemente perfectly highlighted this gap amid the latest shake out. The fact is that gold has central banks that rush to add to reserves, and stocks are cushioned by pension and sovereign funds that love to compound, but crypto has none of that. The only names associated with it on public markets are the ones that crash at the same time as the coins themselves. Bitcoin dipped to around $110,700 today on a U.S. jobs data mess, but the companies most exposed to…

Jito Labs and two of its execs are to be dropped from Burwick Law’s Pump Fun lawsuit “without prejudice” after an agreement was reached with Plaintiffs following the leak of 5,000 chat logs. Law firms Burwick and Wolf Popper, representing plaintiffs Diego Aguilar, Kendall Carnahan, and Michael Okafor, informed Judge Colleen McMahon on Friday that their claims against Jito Labs, the Jito Foundation, CEO and COO Lucas Bruder, and Brian Smith should be dropped. The letter doesn’t mention why the plaintiffs and Jito Labs reached this agreement, and Judge McMahon has yet to approve the order. However, a request to…

Abu Dhabi’s Agriculture and Food Safety Authority (ADAFSA) announced a new enforcement regime that fines farms Dh100,000 if cryptocurrency mining is detected on agricultural land, doubling that amount for repeat offenders. Violators will also lose access to government support, face power cuts, and see mining equipment confiscated. The crackdown comes after inspections found multiple farms misused for energy-intensive crypto operations. Related: Abu Dhabi Now Accepts Stablecoin Payments for Court Fees Ban confirmed: mining no longer tolerated on farmland Violators now face a fine of Dh100,000, and repeat offenders will see penalties doubled. Additionally, non-compliant farms will lose access to all…

Once the face of non-fungible tokens (NFTs), OpenSea is in the middle of a reinvention. The marketplace that helped turn digital collectibles into a global craze is now trying to position itself as a Web3 home where users can seamlessly trade not just NFTs but also tokens and, eventually, a broader range of DeFi activity and other on-chain assets. Earlier this year, OpenSea announced that it would be coming out with a SEA token, creating much anticipation around what the token would be used for and what the platform would become. Little is known about the token, but OpenSea’s CMO…

Ethereum (ETH) whales are capitalizing on falling prices as the second-largest cryptocurrency continues to trend downward, breaking the critical $4,000 level. The decline has divided market sentiment. While some analysts warn of a looming bear market, others interpret the drop as a prime opportunity for long-term accumulation. Whale Accumulation Rises Despite Ethereum’s Bearish Turn According to the latest data from BeInCrypto Markets, ETH dipped 1.84% over the past 24 hours, below $4,000. At the time of writing, the altcoin was trading at $3,943. Ethereum (ETH) Price Performance. Source: BeInCrypto Markets Furthermore, BeInCrypto’s latest analysis indicated that the market was turning…

YO, short for Yield Optimizer, launched a yoEUR vault on Friday, adding fresh momentum to the euro stablecoin trade. But market infrastructure still lags behind. Cross-chain liquidity for Circle’s EURC is limited, causing distortions in interest rates on borrow and lending markets not seen with larger USD-pegged stablecoins. yoEUR is a multichain yield vault designed to optimize returns on EURC. Like YO’s earlier offerings, covering ETH, BTC and USD, the vault allocates capital across multiple chains and strategies using a risk-adjusted framework. The “yoTokens implement the ERC-4626 tokenized vault standard, with key additions to support a multi-chain architecture,” YO Labs…

WASHINGTON, D.C. — U.S. Securities and Exchange Commission Chairman Paul Atkins said that “crypto is job one” as his agency hosted a Monday roundtable focused on harmonizing policy work with its sister regulator, the Commodity Futures Trading Commission. Both agencies are set to have central roles in overseeing the digital assets markets in the U.S., with the SEC overseeing crypto securities and the CFTC — especially after it’s expected to be given more authority by Congress — supervising the bulk of digital assets transactions. But leaders of both have said they want the borders between securities and commodities to be…

Hong Kong-Shanghai Banking Corporation (HSBC), an international banking giant, announced the first successful test of quantum computing in a trading application on Thursday. Researchers at HSBC used a quantum computer processor as part of their algorithmic trading process, a method of trading that uses pre-defined rules to execute transactions, to find the likelihood of filling over-the-counter (OTC) bond orders at the desired price. HSBC announced that the quantum processing created a 34% improvement in predicting bond prices and the likelihood of filling orders without slippage. Philip Intallura, HSBC’s group head of quantum technologies, said: “Given the trial delivered positive results…