Author: NBTC
Sens. Chuck Schumer, Cynthia Lummis and Tim Scott think legislation addressing crypto could move through Congress this year – here’s how. A long, long journey The narrative Earlier this month, Senate Majority Leader Chuck Schumer (D-N.Y.) told the audience at a “Crypto4Harris” virtual event that he hoped to shepherd crypto legislation through Congress and have President Joe Biden sign the bill into law by the end of 2024. It was a bold promise, one that on first blush seems like a hard pledge to fulfill. Why it matters The crypto industry has been begging for issue-specific legislation in the U.S.…
Polyhedra Network has integrated its cross-chain interoperability protocol zkBridge with Flare. According to an announcement on Aug. 27, the integration of Polyhedra will help developers on Flare (FLR), the blockchain for data platform, tap into cross-chain security with zero-knowledge proofs. The integration follows the Polyhedra Network community’s approval of a proposal that sought to bring zkBridge, one of LayerZero (ZRO)’s decentralized verifier networks, to Flare. With the arrival of zkBridge DVN on Flare, developers can now leverage ZK proofs technology to build and deploy efficient cross-chain applications. Read more: Flare integrates LayerZero V2, connecting to 75 blockchains Integration to boost…
Justin Sun will be part of a new joint venture with BiT Global (a Bithumb company) and BitGo to operate Wrapped Bitcoin (WBTC) products. However, a close review of BiT Global’s corporate filings shows concerning connections to Sun’s empire. BitGo founder and CEO Mike Belshe took to the MakerDAO forums to defend the new joint venture, stating that Sun was “not in the management team of BiT Global nor does he have any key material access.” He also further encouraged people to “confirm that BiT Global is a licensed TCSP in Hong Kong.” BiT Global Trust Limited is a licensed…
PBG.io, a novel decentralized finance protocol in the Cardano (ADA) ecosystem, is going to unlock the access to 100 million ADA in liquidity for its users. Its CEO is sure that PBG.io might surpass all centralized exchanges in terms of accessible liquidity. Cardano’s upcoming protocol is going to outshine Binance, founder says With 100 million ADA tokens in liquidity, PBG.io DeFi, a new liquidity farming machine on Cardano (ADA), will create a more resource-effective trading environment than Binance (BNB). Such a statement was shared by Pablo Antonio Bejarano, the CEO of PBGCapital asset manager. Massive Milestone for the PBG Ecosystem!With…
Experts are questioning whether decentralized finance (DeFi) can truly drive the next wave of crypto adoption. As this debate continues, attention has shifted toward Decentralized Physical Infrastructure Networks (DePIN) and real-world assets (RWA) as potential growth drivers. Emerging trends play an increasingly vital role in advancing the cryptocurrency industry, and their influence in shaping adoption strategies cannot be overlooked. Ethereum and Helius Labs Executives Probe DeFi Ethereum co-founder Vitalik Buterin believes the blockchain’s future lies in sustainably useful applications. He stresses the need to maintain core principles like permissionless access and decentralization. The Russo-Canadian innovator advocates for integrating decentralized finance…
BRETT, TON and KAS Shine in a lame quarter for the broader crypto market. TON’s surge stemmed from messaging giant Telegram’s involvement, while KAS benefitted from sentiment around its technology stack. BTC mining stocks, artificial intelligence (AI) and the gaming sector might stand out in the third quarter. The second quarter saw three tokens – brett (BRETT), Ton Network’s TON, and Kaspa’s KAS – emerge as shining stars as the crypto market bellwether bitcoin (BTC) wilted, pulling most major digital assets, including ether (ETH), lower. BRETT, a memecoin native to the Base Chain and inspired by the character of Brett…
Solana Optimistic Network — known as SOON — has raised a ‘cobuilder’ funding round backed by prominent figures in the blockchain space. The round, which focuses on contributions from industry builders rather than venture capital firms, aims to support SOON’s development of its flagship products, SOON Stack and SOON Mainnet, according to a press release shared with crypto.news. These prominent figures include Lily Liu of Solana Foundation, Anatoly Yakovenko of Solana Labs, and Jonathan King from Coinbase Ventures. SOON Stack is designed to be a modular framework that integrates the Solana (SOL) Virtual Machine with various Layer 1 blockchains, including…
According to Arkham Intelligence, Coinbase holds a staggering Bitcoin stash: $52 billion worth of Bitcoin, making it the top holder of BTC, with over 4.3% of the total supply. “Coinbase holds $52 Billion of Bitcoin. They’re the top holder of BTC with over 4.3% of the supply,” Arkham Intelligence wrote in a tweet. Coinbase holds $52 Billion of Bitcoin.They’re the top holder of BTC with over 4.3% of the supply.How much of that is coming to DeFi? https://t.co/yWI6dCsctu pic.twitter.com/wP6JojXu8q — Arkham (@ArkhamIntel) August 14, 2024 In light of the recent announcement about “cbBTC,” Arkham Intelligence poses an interesting question concerning…
A liquidity movement by Ethereum (ETH) co-founder Vitalik Buterin triggered a price rally of AAVE, the native token of the DeFi he used to wrap his Ethers. Vitalik Buterin moves 1,900 ETH to Aave Finance, AAVE jumps by 13% Today, Aug. 31, 2024, Ethereum’s (ETH) creator Vitalik Buterin moved 1,900 Ethers or $4,798 million in equivalent to Ethereum’s version of Aave v3, one of the oldest and most credible DeFi protocols. Then, he obtained 1,900 Aave Wrapped Ethers, on-chain data says. Vitalik using Aave is quite cool, as it offers significant utility for liquidity management, leveraging permissionless and resilient infrastructure.Hopefully,…
United States Congress members have a longstanding reputation for primarily investing in stocks, with only a select few opting for cryptocurrencies. Notably, when they do choose cryptocurrencies, their preference usually centers around established assets such as Bitcoin (BTC) and Ethereum (ETH). However, in what is considered a ‘wild trading,’ U.S. Representative Mike Collins has been revealed to be actively trading altcoins. According to data provided by Quiver Quantative in an X post on August 26, Rep. Collins’s transactions indicate a highly active and possibly speculative trading strategy involving multiple transactions in a short period. “We just caught a congressman day…