Author: NBTC
Ethereum software firm Consensys has pushed back against a proposed rule from the Consumer Financial Protection Bureau (CFPB) that could drastically change how unhosted blockchain wallets such as MetaMask are regulated. (Disclosure: Consensys is one of 22 investors in Decrypt.) Introduced in January, the proposed interpretive rule sought to regulate unhosted wallets under the Electronic Funds Transfer Act (EFTA), holding developers accountable for fraudulent or unauthorized transactions and enforcing traditional financial institution regulations on decentralized wallets. In a short comment sent to Scott Bessent, Acting Director of the CFPB, Consensys called the rule a “radical departure from current law” and…
B² Network, a leading Bitcoin Layer 2 solution, has announced a strategic partnership with XSwap, a cross-chain protocol incubated by Chainlink built on CCIP. This collaboration aims to revolutionize asset movement across blockchain networks, offering users a seamless, secure, and efficient way to transfer assets. This includes Bitcoin and Real-World Assets (RWAs) as well across multiple chains. 🥳We’re excited to partner with @xswap_link, a cross-chain protocol incubated by Chainlink, built on CCIP to power frictionless asset movement across chains. With $170M+ in cross-chain swap volume, XSwap empowers users to swap any token, purchase RWAs across chains, and stake… pic.twitter.com/gLdM81UfmY —…
Hotter-than-expected inflation data released Wednesday morning applied downward pressure on both traditional and crypto markets. Inflation Fears Push Bitcoin Below $96,000 Threshold Bitcoin (BTC) is struggling to maintain momentum, trading at $95,580.74 at the time of reporting. The leading cryptocurrency has declined 1.55% in the past 24 hours and is down 3.55% over the past week, as macroeconomic concerns weigh on risk assets. Over the past 24 hours, BTC has fluctuated within a range of $94,101.20 to $97,298.13 as traders react to mounting economic uncertainty. (BTC Price / Trading View) CPI Report Sparks Inflation Worries Macroeconomic headwinds are influencing BTC’s…
In the fourth quarter of 2024, the total NFT sales volume across Immutable X and Immutable zkEVM increased by 55.3% quarter-over-quarter. Messari’s latest analysis revealed that the figure rose from $51.2 million to $79.5 million. Market Participation Plummets Despite this growth, both the average daily sellers and buyers declined significantly, with daily sellers dropping 43.0% from approximately 1,500 to 880, and daily buyers falling 38.1% from about 1,300 to 800. This suggests a shift toward higher average transaction values amid fewer market participants. The sales surge was primarily driven by strong demand for Guild of Guardians Heroes and Avatars NFTs,…
Large ETH holders have been accumulating throughout late 2024 and into 2025, even as retail balances decline, data from Nansen shows. Even though Ethereum’s (ETH) price is down over 44% this year and trading around $1,900, some large investors are still adding to their holdings, according to on-chain data from Nansen shared with crypto.news. Ethereum whales’ holdings | Source: Nansen While smaller ETH holders have been reducing their balances, whales holding between 10,000 and 100,000 ETH have increased their holdings by over 12% in early 2025. “The 10k-100k segment saw over a 12% growth in 2025 alone on their total…
The public mainnet for Story Protocol, a layer-1 network for licensing and maintaining intellectual property, is now up and running following a nearly six-month testnet phase. Developed by PIP Labs, the project seeks to reduce legal friction for creatives and academics by hosting a platform for registering IP and leveraging it in commercial settings. Allowing IP owners to set programmable terms for how their content is used, Story’s whitepaper says that “any two willing individuals can trade, extend, and monetize their ideas directly on Story without interference from rent-seeking intermediaries.” Story’s testnet phase began on August 27 last year, with…
The crypto industry’s Fairshake political action committee is flooding Republican candidates with last-minute money in special congressional elections in Florida. Two U.S. House of Representatives seats had been opened by resignations when their occupants were tapped for posts in President Donald Trump’s administration, including that of Matt Gaetz, the politician Trump sought for the attorney general job who was tied to accusations of sex with a minor and drug abuse. The open seats are pivotal for Republicans’ control of their tight margin in their House majority, so Democrats have devoted tremendous money and attention to them. An affiliate of the…
Anti-MEV functionality has launched on the Neo X EVM sidechain TestNet. Activated at block height 2,088,000, the upgrade introduces enveloped transactions and threshold signature support to enhance transaction fairness and network security. MEV strategies – where miners, validators, or bots reorder, insert, or censor transactions to extract profit – are responsible for billions of dollars in user losses annually. These practices disproportionately affect retail users and undermine the integrity of DeFi products built on blockchains. Neo X is being developed in part to mitigate these exploits through an approach designed to prevent transaction-level manipulation by its network validators. Enveloped transactions:…
Ethereum (ETH) has been struggling to maintain upward momentum despite repeated attempts to recover. Recent price movements show Ethereum trading at $1,936, hovering just above the critical $1,862 support. However, the lack of volatility and declining market interest could push the price down further, potentially reaching a 17-month low. Ethereum ETFs Witness Outflows Ethereum’s spot ETF has experienced significant outflows over the past month, highlighting declining interest in the cryptocurrency. In the last 48 hours alone, nearly 49,000 ETH were withdrawn from the ETF, signaling that investors may be losing confidence in Ethereum’s short-term prospects. The sustained outflows reflect a…
The crypto industry is hitting a wall. Big banks, investment firms, and financial giants are already handling billions in blockchain transactions, yet full-scale adoption in traditional finance is still far off. The problem, according to a Bloomberg feature report, is that regulation is a mess, infrastructure is weak, and institutions still don’t understand crypto well enough. With Donald Trump back in the White House, the U.S. is taking a pro-crypto stance, and Europe’s Markets in Crypto-Assets (MiCA) regulation is now in effect. Wall Street executives are analyzing what it will take for crypto to move from the edges of finance…