Author: NBTC

Edo State, Nigeria – The Ministry of Digital Economy, Science and Technology Edo State, Nigeria, has formed a strategic partnership with INTMAX, the leading developer of Ethereum Layer 2 solutions. This collaboration comes amidst Nigerian pressures on the cryptocurrency industry, underscoring the commitment of Edo State to digital transformation and innovation.—This partnership grants INTMAX a significant opportunity to work directly with the Edo State Government, establishing a strong presence across various government parastatals. The primary focus of the collaboration is on capacity building within the state’s digital ecosystem, which will empower Edo State to leverage cutting-edge technologies and protocols for…

Bitcoin continues to provide a massive breakthrough in the digital age by allowing people to transact between each other without third parties. Bitcoin Magazine covered Silent Payments over two years ago to shed light on one of Bitcoin’s shortcomings: privacy. It was a problem then and it still is today…as stated: “…a push based payment system (no one is allowed to “pull” payments from you, you have to explicitly authorize them yourself and “push” them to other people), Bitcoin requires the sender to have the information necessary to define the destination for money they send. This requires the recipient communicating…

Driven by positive market sentiment, crypto investment products saw their largest inflows in weeks, data from CoinShares shows. Crypto investment products attracted over $530 million in inflows last week, the highest in five weeks, as investors reacted to dovish signals from Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, according to a report by CoinShares head of research James Butterfill. He noted that even though trading volumes were lower than in recent weeks, they “remained high, reaching $9 billion for the week” as Powell’s remarks, hinting at a potential interest rate cut as early as September, spurred significant…

Jupiter Exchange integrates PayPal’s PYUSD, expanding digital asset offerings and enhancing transaction capabilities. CLOUD and DBR tokens launch on Jupiter’s LFG launchpad, with key votes on JUP token supply and ASR renewal upcoming. Roaring Kitty’s 6.6% stake in Chewy triggers a 34% stock rally, reflecting significant moves in the stock trading space. Jupiter Exchange has announced the integration of PayPal’s new stablecoin, PYUSD, into its decentralized exchange (DEX) as of July 1. This development marks an expansion of Jupiter’s digital asset offerings and enhances the platform’s transaction capabilities. 🚨JUST IN: @PayPal’s $PYUSD goes live on @JupiterExchange.pic.twitter.com/foQDfSsk7z — SolanaFloor (@SolanaFloor) July…

The ongoing friction between the SEC and the cryptocurrency sector has escalated following a recent warning by the agency regarding crypto scams. Fred Rispoli, an attorney representing XRP, has publicly challenged the SEC’s assertion, questioning the integrity of the agency’s position amid legal scrutiny of leading crypto firms. Notably, the SEC’s issuance of a Wells Notice to OpenSea signifies a potential crackdown that critics argue could stifle innovation in the burgeoning NFT market. This article delves into the recent SEC crypto scams warning, highlighting critical reactions from the crypto industry and the implications of heightened regulatory scrutiny. SEC’s Warning Fuels…

Dubai – In a significant move to enhance cross-chain security, the Polyhedra community has approved the integration of Flare with Polyhedra’s zkBridge DVN. This strategic partnership will enable Flare developers to leverage zkBridge’s advanced ZK proof technology for secure and efficient cross-chain applications, utilizing LayerZero’s interoperability protocol.—zkBridge is a cutting-edge, trustless cross-chain interoperability protocol, part of LayerZero’s Decentralized Verifier Networks (DVNs). It supports over 30 layer-1 and layer-2 networks and has facilitated more than 20 million cross-chain transactions. By employing zkSNARKs, zkBridge ensures that state transitions on the sender chain are efficiently validated on the receiver chain. This ZK proof…

The State of Wisconsin Investment Board (SWIB) has increased its investment in BlackRock’s iShares Bitcoin Trust (IBIT), according to a new SEC filing today, as first reported on X by MacroScope. In an SEC filing today, the State of Wisconsin Investment Board reported owning 2,898,051 shares of the iShares Bitcoin Trust as of June 30 (valued at $98.9 million as of that date).This is an increase from the 2,450,400 shares that Wisconsin previously reported in May.… — MacroScope (@MacroScope17) August 14, 2024 As of June 30, the board owns 2,898,051 shares, valued at $98.9 million. This marks a substantial increase…

Sonic Labs makes a public announcement regarding entering into a strategic partnership with Pyth Network within the decentralized finance (DeFi) sphere. Pyth Network shares this new collaboration with the community through a social media platform, X. High-fidelity data straight from the source is coming to @0xSonicLabs 🔮Pyth provides DeFi builders with the supercharged infrastructure they need to create dApps that compete with apps. https://t.co/JvJKatCCIk — Pyth Network 🔮 (@PythNetwork) August 30, 2024 Such cooperation is designed to offer developers solid instruments and real-time information, enabling the development of next-generation dApps that are competitive with traditional apps. This partnership will apply…

Secondary markets for trading points will provide access for people who want to reduce or increase exposure to points but are unable to do so, and improve price discovery, said Rumpel Labs CEO Kenton Prescott. The project is backed by some big-name VCs like Dragonfly and Variant. Rumpel Labs, a startup that builds tokenization infrastructure for loyalty points, distributed by many decentralized finance (DeFi) and Web3 projects, has emerged from stealth with backing from some big-names in the venture capital arena, like Dragonfly and Variant. Dishing out loyalty points to incentivize user behavior and reward early adopters, often with a…

Cardano founder Charles Hoskinson emphasizes global impact over token prices, highlighting his project’s achievements. Cardano founder Charles Hoskinson has taken it to the X platform to highlight the project’s broader mission beyond asset prices, emphasizing its transformative global impacts. In a statement, the IOHK Chief remarked, “Cardano should not be equated as a Charles Hoskinson project… it’s not about a token or a price; it’s about making the world better for everybody.” Hoskinson specifically reflected on Cardano’s journey, noting the project’s goals and the paradoxical criticism it faces as it nears completion. “The closer you get to completing something, the…