Author: NBTC

IOTA is Now a Shari’a-Compliant Token TL;DR:The IOTA Token is now Shari’a-compliant, certified by the Cambridge Institute of Islamic Finance. This ensures adherence to Islamic principles and legal requirements, with a Shari’a Governance Framework and annual compliance checks fostering trust and growth in the Middle East and globally. In the fast-changing regulatory landscape that we are subject to, compliance with applicable laws and regulations is critical for building trust and confidence with regulators, business partners, and individual users. This is especially essential for a token like IOTA, with an international presence and global reach. The IOTA Ecosystem DLT Foundation was…

The SEC has officially filed a Notice of Appeal in its legal battle against Ripple Labs and its executives, Bradley Garlinghouse and Christian Larsen. This move effectively halts progress on the recently proposed XRP ETF by Bitwise, casting doubt on its future. Bitwise filed for the first-ever spot XRP ETF on September 30, 2024, just days before the SEC’s deadline to appeal the court ruling in favor of Ripple. However, with the SEC now challenging the final judgment from August 7, 2024, the legal battle over whether XRP is considered a security is far from over. The SEC’s appeal could…

Bitcoin defies the odds with a 22% surge from the month’s low, challenging September’s bearish reputation. All eyes are on the $65,200 mark as bitcoin approaches a pivotal point in its trading channel. A 10% price increment analysis reveals bitcoin’s potential for unexpected, significant moves. Bitcoin (BTC) has shown remarkable resilience this September, a typically bearish month, surging 22% from its monthly low of about $52,500. All eyes are now on the critical $65,200 mark, with market participants watching closely to see if it can break out of the current downtrend. Since climbing to a record high back in March,…

Flare upgrades SparkDEX to allow cUSDX and WFLR deposits, enabling FlareDrops and FTSO rewards. Polyhedra’s zkBridge integration enhances Flare’s security and cross-chain value transfers with zk-proof technology. In a tweet, Flare recently revealed a significant improvement to SparkDEX, the first AI-driven DeFi ecosystem housed on Flare Network. The SparkDEX contract has been improved in the update to let customers who deposit cUSDX and WFLR into the pool qualify for several incentives. While still earning rFLR, users can now earn FlareDrop, FTSO delegations, and cUSDX incentives. Especially in the fast-expanding DeFi area, this action is considered a significant improvement meant to…

Ethereum investors expect increased volatility as the US election draws near, considering DeFi’s regulatory uncertainties. A few whales sold portions of their holdings in contrast to ETH ETF inflows. Ethereum could reclaim the $2,395 level if it bounces off a key trendline. Ethereum (ETH) is down over 4% on Thursday as traders expect high volatility with the US elections approaching. The election results could spark a massive price movement in ETH due to regulatory hurdles the DeFi ecosystem has yet to overcome. Ethereum sees rising volatility ahead of US election Due to regulatory uncertainties surrounding the decentralized finance (DeFi) ecosystem,…

Russia has been increasing its use of cryptocurrency for sanctions evasion, disinformation, and election interference, according to execs for leading blockchain analytics firm Chainalysis. “Russia has become an international force using cryptocurrency for everything from sanctions evasion to ransomware attacks, and most recently, interference and disinformation campaigns targeting the US elections,” said Chainalysis chief marketing officer Ian Andrews during a talk shared on the company’s YouTube channel on Oct. 1. Valerie Kennedy—the firm’s Director of Intelligence Solutions—suggested that crypto use is a sign of desperation on Russia’s part since “in Russia’s perfect world, they would have used a central bank…

Sologenic offers a unified trading platform for cryptocurrencies, stablecoins, and tokenized assets, leveraging the XRP Ledger. The platform focuses on user experience and security, facilitating the tokenization of various assets for portfolio diversification. Sologenic is committed to leading financial technology innovation, combining user-friendly design with cutting-edge technology. Sologenic is making major strides in the trading landscape. It offers a unified platform for cryptocurrencies, stablecoins and tokenized assets such as stocks and ETFs. Meet @madebyfavio, Head of Growth at @realSologenic, and discover how Sologenic offers a seamless trading platform for cryptocurrencies, stablecoins, and tokenized assets like stocks and ETFs. 📶Explore the…

Ripple’s Chief Legal Officer Stuart Alderoty has expressed disappointment following the U.S. Securities and Exchange Commission’s (SEC) decision to appeal the latest ruling in its ongoing lawsuit against Ripple Labs. Ripple Executive Stuart Alderoty Hints At Possibility Of Company Cross-Appeal In XRP Case The SEC filed an appeal on Oct. 2, challenging a previous decision that partially sided with Ripple in a dispute over the classification of XRP as a security. Alderoty called the SEC’s move “disappointing but not surprising,” arguing that it was prolonging what he called a “complete embarrassment” for the regulator. He noted that the court had…

LONDON, Oct 3 (Reuters) – Global bank messaging network SWIFT will trial live transactions of tokenised assets and digital currencies next year, it said on Thursday, the latest step in the currently slow-moving integration of such assets into the wider financial system. Banks and asset managers have been exploring “tokenising” traditional assets like bonds for several years. They hope that by using digital units – usually blockchain-based tokens that represent a share of the underlying asset – trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions. So far, however, these have failed…

Old Bitcoin wallets are moving large amounts, signaling potential selling pressure in the market. Over 29,000 Bitcoins held for 6-12 months were transferred, hinting at cautious investors. Bitcoin’s price dip of 1.2% suggests possible correction after hitting a month-high of $64,667. In the last 7 days, Bitcoin’s price jumped nearly 8%, reaching a one-month high of $64,667. However, behind this impressive rise, activity on its network has surged significantly. According to CryptoQuant’s on-chain analyst XBTManager, older Bitcoins are being moved around the network, raising alarms about possible selling pressure. Old Bitcoin Holding Began to Moves According to XBTManager on September…