Author: NBTC

During a conversation at EthCC, Greg Osuri, the mastermind behind Akash Network, revealed compelling insights into his entrepreneurial journey, the birth of Akash, and the promising future of decentralized cloud computing. Before launching Akash Network, Osuri made a significant impact on the tech world with AngelHack, known for mainstreaming hackathons and fostering numerous startup successes, including Firebase, which was eventually acquired by Google. “Transforming hackathon projects into scalable, robust solutions presents a formidable challenge,” Osuri stated, describing his transition towards container technologies and his extensive contributions to the Kubernetes ecosystem. Explore the revolutionary journey of Akash Network, led by Greg…

Monerex, a Fintech company focused on building decentralized, Web3 banking platform, is pressing ahead with its ambition to become a top-tier Web3 bank, despite the Securities and Exchange Commission’s (SEC) ongoing appeal. According to the company, the legal challenges will not interfere with its roadmap. Monerex continues to emphasize its commitment to decentralized finance, especially by leveraging the power of Ripple’s XRP Ledger (XRPL). Amidst the regulatory uncertainty, Monerex reaffirms its partnership with Ripple, solidifying its position in the Web3 banking space. The Monerex team remains fully committed to becoming a leading Web3 bank, despite the SEC’s ongoing appeal, which…

Router Protocol, a Coinbase Ventures-backed decentralized blockchain network, is improving cross-chain functionality through a new integration with Solana. The partnership enhances cross-chain interactions, enabling users to access multiple blockchain ecosystems and improve decentralized applications, according to a press release shared with crypto.news. This move allows Solana’s (SOL) ecosystem, including its decentralized exchanges, non-fungible token marketplaces, and decentralized finance projects, to connect with other major blockchain networks like Ethereum (ETH), Avalanche (AVAX), and Polygon (POL). Router Protocol is a decentralized tool for cross-chain communication. It essentially helps blockchains interact with each other. This is important because many blockchains operate in isolation,…

Bitcoin (BTC) could reach $72,000 in October, according to Ryan Lee, Chief Analyst at Bitget Research. The forecast cites improved macro liquidity, bottoming indicators, and institutional optimism as key factors driving the potential price surge. Lee points to the US Federal Reserve’s 50 basis point interest rate cut on Sept. 18, lowering the federal rate to 4.75%-5%, as a signal of a shift in monetary policy. This injection of liquidity into the market led to short-term rises in both US stocks and crypto prices, with BTC rising 6.6% since then while the S&P 500 grew 1.24%. Notably, Lee stated that…

Canary Funds has launched an investment vehicle called the Canary HBAR Trust in the US to provide institutional investors with exposure to HBAR. The investment vehicle is part of Canary Fund’s goal to pave the way for HBAR exchange-traded funds (ETFs). HBAR is the native digital asset of the Hedera Network. The Hedera Network actively supports asset tokenization, Web3 deployment and application, and NFT issuance. The Trust Fund will require individual investors to meet certain requirements before being accepted. Canary Funds was developed by Steven MCCLURG, former co-founder and CIO of Valkyrie Funds. Valkyrie Funds is an approved exchange-traded fund…

XRP trade volume spikes to high last witnessed before the SEC’s lawsuit against Ripple, per data sourced by analytics firm Kaiko. Citing Kaiko data, blockchain researcher Colin Brown reveals that XRP’s market activity has returned to levels seen before the SEC lawsuit. According to him, XRP trading volumes in U.S. markets have significantly increased since Judge Analisa Torres’ summary judgment decision last July. Notably, the court ruling noted that XRP in itself is not a security. It also clarified that Ripple’s XRP sales via secondary trading platforms are not considered securities transactions, whereas direct sales to institutional investors are classified…

Fox Business crypto journalist Eleanor Terrett has revealed that the U.S. Securities and Exchange Commission (SEC) has yet to file Form C with the Second Circuit Court of Appeals, a crucial step in specifying which aspects of the Ripple case it plans to appeal. This form is needed for Ripple to respond and time is of the essence. “The SEC has not yet filed Form C with the Second Circuit, which would detail exactly what they are objecting to. They need to do that soon so Ripple can respond,” Terrett reported. Ripple has 14 days from today to file a…

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…