Author: NBTC

As many may know, there were three main people behind the creation of XRP Ledger, XRP and Ripple: David Schwartz, Jed McCaleb and Arthur Britto. If the first two are well known and have an established media presence, the latter remains a rather mysterious person and is rarely in the spotlight. However, in a recent social media conversation, the enigmatic figure of Arthur Britto re-emerged after David Schwartz, Ripple’s current CTO, suddenly answered a question that had gone unanswered for over three years. When asked if he was Britto, Schwartz replied that he was not. More to the point, Schwartz…

In a recent development, South Korea’s Largest Exchange Upbit is currently facing an FIU disciplinary hearing over alleged KYC violations. KYC Violations According to the industry on the 16th, the Financial Intelligence Unit (FIU) of the Financial Services Commission will hold a sanctions review committee for Upbit on the 21st. It is expected that the level of fines and measures against executives and employees will be requested after Upbit’s explanation, etc. Notably, this is the first sanctions-level decision regarding issues discovered during an on-site inspection for the renewal of the virtual asset service provider (VASP). The Financial Intelligence Unit (FIU)…

ChimpX AI has partnered strategically with CDARI, the industry’s top Web3 e-commerce platform on Matchain. This synergy is developed to revolutionize the decentralized finance and e-commerce space. The new partnership can indeed set new standards in the Web3 industry. We’re excited to announce our latest partnership with @cdariofficial! 🚀Cdari, a Web3 e-commerce platform on @matchain_io (an AI-powered Layer 2 on BNB Chain), merges shopping, entertainment, and rewards into a blockchain-driven experience.Together, we’re uniting #DeFAI to… pic.twitter.com/eKWO4pkgi9 — ChimpX AI ✨ (@ChimpxAI) January 16, 2025 Uniting for DeFAI Transformation CDARI’s collaboration with ChimpX AI is being described as revolutionary for the…

Bitcoin’s 7 TPS limit risks major congestion, with self-custody users facing up to two-month transaction delays during panics. Justin Bons warns Bitcoin’s scalability flaws could trigger a “death spiral,” amplifying miner shutdowns and price collapses. Competitors with 10,000+ TPS outperform Bitcoin, raising concerns about its ability to support mass adoption and decentralized ideals. Bitcoin could face catastrophic risks if a mass exit from self-custody wallets occurs, warns crypto analyst Justin Bons. He highlights that the Bitcoin network’s limitations make it incapable of handling sudden mass withdrawals, potentially triggering a devastating “death spiral.” Bons cites a queue length of nearly two…

The XRP Ledger (XRPL), the blockchain network developed by Ripple, experienced a network outage that led developers to roll out significant enhancements to node functionality and voting protocols. The outage also triggered panic among investors, resulting in an XRP sell-off over the past 24 hours. The XRPL outage disrupted node operations and affected various node types, including Full History, Current Ledger, Pathfinding, and Submission nodes. The issue stemmed from a missing ledger, which caused Ripple’s cluster and Full History servers to lose access to the current ledger. The XRPL is currently partially (?) down.We see all Full History servers operated…

A Russian citizen from Yakutia has been sentenced to seven years of prison for funding the Ukrainian Armed Forces by sending cryptocurrencies to their account. According to Russian media outlet Izvestia, the man is currently being held in a high-security holding facility for providing financial assistance to the Armed Forces of Ukraine or AFU. This marks the first public verdict in Russian court which involves the use of cryptocurrency to finance an opposing military organization. “A criminal case under Article 275 of the Criminal Code of the Russian Federation has been opened and investigated against a resident born in 1988,”…

Bitget is partnering with Jambo, a blockchain-native mobile network, to raise funds for a satellite launch. Jambo hopes to raise $5 million through a token sale and fund its satellite launch to expand access to decentralized services. This news comes from an exclusive press release shared with BeInCrypto. Bitget and Jambo Aim for the Stars Bitget, one of the world’s leading crypto exchanges, has set quite an ambitious goal with this Jambo collaboration. Jambo, which launched in 2022 to become “the WeChat of Africa,” released a blockchain-based phone last year through a partnership with Aptos. Bitget CEO Gracy Chen described…

Reaching an unprecedented price of $94,585.23 on Binance, Bitcoin (BTC) continues to dominate the cryptocurrency. The surge coincides with the fear and greed index by CoinMarketCap registering a figure of 84, firmly placing market sentiment in the “extreme greed” zone. It is not the highest point of late, though. Previously, on Nov. 16, the indicator reached a high of 86, with Bitcoin trading at $87,930 with $133.67 billion in trading volume. The newest all-time high was reached when the Bitcoin trading volume totaled just $76.14 billion. While Bitcoin is grabbing most of the market’s attention with its price gains, other…

As bitcoin’s valuation experiences a notable upswing, miners are deriving substantial financial advantages from an elevated hashprice—the metric denoting daily revenue earned per petahash per second (PH/s) of computational power devoted to the Bitcoin network. BTC Mining Revenues Soar as Hashprice Climbs Miners have seen a marked increase in profitability as BTC exceeded the $105,000 threshold on Fri. On Jan. 13, hashprice descended to its lowest level within the past 30 days, with the valuation of 1 PH/s estimated at $52.22, per data from hashrateindex.com. By today, this figure has climbed to $60.85 per petahash, reflecting a 16.53% increase since…

THORChain, a decentralized liquidity platform, has announced the support for Coinbase’s Ethereum L2 network Base. THORChain’s support for Base enables streamlined cross-chain swaps of Base assets along with the other chains like Dogecoin, Ethereum, and Bitcoin. The platform took to social media to disclose this swap support. https://t.co/ISsFbXVCQN — THORChain (@THORChain) January 16, 2025 THORChain Integrates Base to Offer Cross-Chain Swaps to Users for Wider Accessibility THORChain claimed that it has integrated Base, enabling the trading of BASE.USDC and BASE.ETH for the users. Additionally, BASE.cbBTC has also been whitelisted in the case of pool creation while it will be completely…