Author: NBTC

FTX Recovery Trust sued Bitcoin mining company Genesis Digital Assets, seeking to recover $1.15 billion in allegedly fraudulent transfers made by the co-founder of the fallen exchange, Sam Bankman-Fried. As Bloomberg Law reported on Sept. 23, the trust filed the lawsuit on Sept. 22 in the US Bankruptcy Court for the District of Delaware. It targets Genesis Digital, its affiliates, and co-founders Rashit Makhat and Marco Krohn. The trust claimed that Bankman-Fried fraudulently transferred funds through commingled and misappropriated assets from the FTX business, with most of the money coming from customer deposits at the FTX.com exchange. The lawsuit represents…

Nguyen Hoa Binh, Deputy Prime Minister of Vietnam, recently met with Binance CEO Richard Teng in the UAE. The country wants Binance to establish a local headquarters to advance crypto ecosystem development. Nguyen also met with Ben Zhou, co-founder of CEO and Bybit, to discuss regulatory concerns. The nation aims to become a new regional crypto hub and is preparing ambitious measures to achieve this goal. How Binance Can Help Vietnam’s Digital Assets Market Vietnam has been aiming to be a new crypto hub for a while, preparing friendlier regulations and encouraging new exchange infrastructure. Today, a state-owned media outlet…

The Ethereum (ETH) ecosystem — Ethereum’s mainnet and its second-layer scaling solutions like Optimism, Polygon, Arbitrum and Base — are already exceeding major European digital payment operators by daily transaction metrics. At the same time, the numbers of UnionPay and Visa are still yet to be reached. EVM blockchains exceed U.K., Germany payment systems by daily transfer count Ethereum Virtual Machine blockchains — Ethereum (ETH) mainnet and L2s — achieved a new record high. As demonstrated by Leon Waidmann of Onchain Foundation, the EVM ecosystem networks processed over 27 million transactions in 24 hours. 🚨 Ethereum just broke another record!…

A new thesis that argues that most crypto value today is captured in apps, rather than blockchains, is gaining popularity with the rise of Hyperliquid and could shift investor behavior over the next few months, a crypto executive says. “All the cool kids are talking about the ‘fat app’ thesis. Feels like that could be a dominant theme in the coming months,” Bitwise chief information officer Matt Hougan said in an X post on Wednesday. The fat-app theory suggests crypto applications will absorb more value than the underlying blockchain protocols in the future. Source: Matt Hougan “It’s the kind of…

A US judge has set Tron founder and CEO Justin Sun’s lawsuit against Bloomberg back a peg after denying a temporary restraining order and injunction over publishing information about his cryptocurrency holdings. In a Monday filing in the US District Court for the District of Delaware, Judge Colm Connolly sided with Bloomberg in Sun’s lawsuit over “disclosed amounts of specific cryptocurrency he owns.” According to the filings, the holdings included about 60 billion Tron (TRX), 17,000 Bitcoin (BTC), 224,000 Ether (ETH) and 700 million Tether (USDt). The publication had reached out to Sun’s team in February to gather information about…

Uquid, a Web3 shopping platform with crypto payments, has brought a seamless payment option, Krak, to its e-commerce platform. Through this integration, the users can shop for millions of items, removing the barriers faced in the traditional banking system with 300+ crypto options, making Web3 shopping more convenient than ever. Forget bank stress! 🎉 You can now use the @Krak as a super-easy payment method on https://t.co/Ay0rxEkIVo!It’s simple: Shop, select Krak to pay with your crypto, and BAM! You’re done. No limits, over 300 assets supported, and a sweet 5% cashback on 178M+ items. pic.twitter.com/iqM8r7W7PH — UQUID – Web3 Shopping…

Uptick Network has made two additions to Upward, its non-custodial and flagship wallet. With this initiative, the platform aims to empower users so that they can create ERC-20 tokens with token-based gift distribution in a few clicks. Through this launch, Uptick aims to solidify its mission to create accessible Web3 for daily-based users. This advancement will link advanced blockchain tools with practical and real-world applications. Upward Wallet Streamlines Token Creation Upward Wallet, through this new feature of ERC-20 token creation, strives to block the complexities that are traditionally related to blockchain development. Now, the users do not need coding knowledge…

One of the largest traders on Hyperliquid has just made a large short position in Ethereum (ETH). They added $28,650 short at around $4,476.80. Together with their short history, they will have an exposure of a total of 9.29 million. They have an average of 4515.64 price on their entire position. At approximately 9,931.79, ETH, they would be liquidated in the event the price increases. That is well over what ETH is trading at present- so this bet contains a big amount of risk. Hyperliquid is a fast finance tool-oriented blockchain. It allows users to trade derivatives such as perpetual…

BlackRock’s IBIT and Fidelity’s FBTC led inflows as bitcoin BTC$114,128.22 ETFs logged their strongest day since July, with BTC climbing past $114,000. Ether (ETH) topped $4,400, as Ethereum funds ETHA and FETH saw renewed demand according to data curated by SoSoValue. BTC spot ETFs pulled in $757 million of net inflows on Wednesday. Fidelity’s FBTC posted the largest single-day inflow at $299 million, followed by BlackRock’s IBIT with $211 million. Ark Invest’s ARKB added $145 million, rounding out the top three. Ether ETFs also turned a corner after last week’s redemptions. Net inflows totaled $171 million on the day, led…

A leading payments platform is launching a new smartphone application promising to effortlessly combine crypto with traditional financing. On Tuesday, Bolt launched its new SuperApp, a platform that combines payments, banking, crypto trading, rewards and shopping into one application. The app, previously available in beta, is now live on the Apple App Store and Google Play Store. The company said the product is designed to replace the need for multiple financial apps by offering services such as peer-to-peer transfers, direct deposit, ATM access, and debit card issuance. Users can also trade more than 40 cryptocurrencies, including Bitcoin, Ethereum, Polygon, Solana…