Author: NBTC
In the last year and nine months since December 2022, more than 75 million Ordinal inscriptions have been minted on the Bitcoin blockchain, according to the latest statistics. This technology has given Bitcoin a new role in the world of digital collectibles. Today, Bitcoin stands as the third-largest blockchain by non-fungible token (NFT) sales, carving out a significant position in the NFT ecosystem. Bitcoin Carves Its Place in the NFT World Despite a noticeable drop in sales, interest, and activity across the broader NFT industry, the Bitcoin blockchain has found its own spotlight in the space. It kicked off just…
Two of the leading U.S. lawmakers seeking crypto oversight legislation, Rep. Patrick McHenry (R-N.C.) and Sen. Cynthia Lummis (R-Wyo.), are maintaining their position that a chance remains for a bill to clear Congress before the year is out. That long-odds scenario would require some delicate maneuvering to get crypto matters attached to must-move legislation in the so-called lame-duck session of Congress after the elections but before the new members arrive for next year’s session. “I really do think we’re going to get something done in the lame duck,” Lummis said at an event Tuesday hosted by Georgetown University’s Psaros Center…
The European cryptocurrency exchange One Trading (formerly known as Bitpanda Pro) has just secured strategic funding from SC Ventures, the investment arm of Standard Chartered. This coincided with the digital asset platform obtaining new crypto authorization in the Netherlands. One Trading plans to use the funds to launch the EU’s first crypto perpetual futures as a MiFID II trading venue. This follows the company’s July 2024 acquisition of an Organised Trading Facility (OTF) License from the Dutch Financial Markets Authority, establishing it as a MiFID II-compliant platform. We are excited to announce that @scventuresDNA have made a strategic investment in…
Bitcoin miner Hut 8 is expanding its partnership with Bitmain to introduce a new ASIC miner with direct liquid-to-chip cooling, set to deploy in Q2 2025. Miami-headquartered crypto mining firm Hut 8 has expanded its partnership with Bitmain, announcing the upcoming launch of the U3S21EXPH, a next-generation ASIC miner capable of reaching up to 860 TH/s. In a Sept. 19 press release, the company the miner, which is scheduled for deployment in Q2 2025, is the first mass-commercialized ASIC model to feature direct liquid-to-chip cooling in a U-form factor. “We believe this model represents a more thoughtful approach to capturing…
Banking giant JPMorgan, credit card company Visa as well as major central banks from Japan and the US have thrown their support behind a sophisticated cross-border payment project that was initiated by the Bank of International Settlements (BIS), Bloomberg reports. The cross-border payment program, which is known as Project Agora, aims to improve the efficiency of cross-border payments by making them faster and more transparent. The public-private collaboration could potentially reshape the existing financial market infrastructure with the help of a unified ledger. The project primarily focuses on tokenization, which has emerged as one of the biggest crypto trends. This…
After opening August with a bearish outlook, Bitcoin’s (BTC) price continued to bleed in the past 24 hours. The flagship coin had slipped more than 2 percent to trade at about $63,981 on Friday during the early European session. The altcoin industry followed the same trend, pushing the total crypto cap to around $2.39 trillion. Consequently, over $245 million was liquidated from the crypto derivatives market in the past 24 hours, mostly involving long traders. Whales’ Bitcoin Activity Remains High Amid the rising geopolitical tensions in the Middle East, the crypto industry has continued to register heightened on-chain activities. Furthermore,…
Ethereum traders are growing confident that the altcoin’s price might soon see a significant recovery. This bullish sentiment is a follow-up reaction to what many called ETH’s bottom. In this analysis, BeInCrypto examines the factors driving this optimistic outlook and what it means for Ethereum’s short-term performance. Ethereum Traders Bet Big On September 15, Ethereum’s Estimated Leverage Ratio (ELR) — a metric showing whether traders are taking high-leverage bets in the derivatives market — saw a notable drop, signaling cautious market behavior. However, on September 16, the ELR surged to its highest level in over a month, indicating a shift…
The Tangle Treasury has implemented significant improvements in data and financial security, introducing a new anti-money laundering (AML) and counter-terrorist financing (CTF) policy. Nicole O’Brien will lead as the AML/CTF officer for IOTA’s Tangle Treasury, overseeing adherence to best practices, improving internal protocols, and training staff. The IOTA and Shimmer communities received an important update from the Tangle Treasury regarding the enhanced backend improvements. The latest advancements currently focus on boosting data and financial security while refining proposal reviews and grant management processes. Thus, in an effort to mitigate risks associated with fund allocations, the Tangle Treasury unveiled a new…
The U.S. Securities and Exchange Commission (SEC) has filed suit against three individuals and five companies for allegedly operating pig butchering scams – a type of confidence-enabled investment scam in which fraudsters befriend victims over text-based social media apps, gain their trust and convince them to invest large amounts of money in fictitious crypto platforms before stealing their funds and disappearing. The two lawsuits filed Tuesday are the SEC’s first enforcement actions alleging this type of crypto scam, and come one day before the U.S. House Financial Services Committee is set to hold a hearing on pig butchering scams. “Relationship…
Ceffu, institutional custody partner for Binance, has deposited a massive Bitcoin (BTC) and Ethereum (ETH) reserves to the exchange. Today, the firm dumped over $93 million worth of BTC and ETH amid market uncertainty. This move sparked concerns around further bearish sentiment for Bitcoin and Ether. Overview of Transactions Undertaken By Binance’s Partner According to Lookonchain, an on-chain tracker, Ceffu deposited 28,865 ETH, valued at $66.74 million, and 450 BTC, worth $26.5 million, into the Binance exchange. Earlier, four days ago, the firm transferred 3,123 BTC, valued at $181 million, to the leading exchange, hinting at alarge-scale selloff. These transactions…