Author: NBTC

The International Capital Market Association (ICMA), a not-for-profit global trade association for participants in the cross-border debt capital markets, has published a digital assets annex for its Global Master Repurchase Agreement (GMRA). The Annex was prepared as part of a joint project between ICMA and the International Securities Lending Association (ISLA) to promote consistency in the legal terms used when trading certain digital assets under the GMRA. The GMRA is a standard legal contract used worldwide for repurchase (repo) agreements, where one party sells securities to another with an agreement to repurchase them later, usually for a slightly higher amount…

When a new Layer-1 blockchain emerges on the scene with a promising new architecture that either improves scalability, security, decentralization or simply provides newer features for a specific segment of the Web3 industry, the result is almost always the same. The price of its native cryptocurrency token rockets as interest in the new project spreads like wildfire. —But just as inevitable as this explosion of optimism in any new blockchain with a fundamentally solid architecture, is its subsequent decline once that interest begins to wane. In this way, blockchain is no different to any other industry, in which periods of…

Bitcoin’s price is falling even as stock markets show gains as investors focus on Federal Reserve Chairman Jerome Powell’s speech at the Jackson Hole Symposium. The event is expected to bring increased volatility for the cryptocurrency, according to BRN analyst Valentin Fournier. “As the market awaits the announcement from the Fed at the Jackson Hole Symposium and the release of macroeconomic indicators, Bitcoin volatility could increase in the coming days or weeks,” Fournier said. He pointed to a noticeable increase in open interest in bitcoin futures as evidence of rising investor expectations. “The increase in open interest could be linked…

Popular blockchain sleuth Whale Alert has reported that approximately two hours ago an ancient pre-mine Ethereum wallet came back to life after almost 10 years of staying dormant. This blockchain address contains more than $5 million worth of Ethereum. Dormant ETH wallet kicked back to life The aforementioned cryptocurrency wallet was reactivated after 9.1 years (last time it was used in 2014, the year of Ethereum ICO) and it is full of ETH – 2,000 coins currently worth an impressive $5,476,804. Back in 2014, this amount of Ethereum was evaluated at $620 as ETH was worth $0.31. 💤 A dormant…

Charles Hoskinson, the founder of Cardano, addressed recent rumors about the anticipated Chang hard fork. Contrary to circulating claims, Hoskinson clarified that the hard fork was never scheduled for June. Instead, he explained that a fork-ready node is available, and the next step requires 70% of stake pool operators to test and update their systems, which typically takes about a month. Indeed, in a previous communication, Hoskinson outlined that in June, the Cardano node would reach the necessary version, making it ready for the Chang hard fork. I never said June. That’s a misquote. A fork-ready Node is ready and…

The Seoul Southern District Prosecutors’ Office is looking into a police officer accused of taking bribes in connection with crypto cases. The investigation, handled by the office’s Virtual Asset Crime Joint Investigation Unit, focuses on claims that the officer accepted money and favors while working on virtual asset cases at the Gangnam Police Station in Seoul. This raises questions about potential corruption within the police force, especially in cases involving cryptocurrencies. On August 23, authorities searched the Gangnam Police Station where the accused officer is stationed. The Seoul Southern District Prosecutors’ Office, led by Chief Park, oversaw the operation. Investigators…

Footprint, a blockchain analytical platform, announces a strategic integration of Arbitrum One and Nova to enhance the data insights for Arbitrum users. Footprint shared this exciting news with the Arbitrum community through its official X account. Introducing the integration of Arbitrum One💙 & Nova 🧡 on Footprint ⛓️📊 @arbitrum @arbitrumcore @ArbitrumDevs It provides the Arbitrum community with comprehensive data insights and analytics tools, including: 🔹 Real-time metrics on TVL, transaction volumes, and network… — Footprint Analytics (@Footprint_Data) August 20, 2024 The Arbitrum community would be open to analytical tools and comprehensive data insights through this integration. The Arbitrum community will…

In a video update on YouTube, crypto analyst Rekt Capital delved into the dynamics of Bitcoin’s price movements through the lens of the PI Cycle Top Indicator, a predictive tool that has garnered attention for its historical accuracy in pinpointing the peaks of Bitcoin bull runs. Here’s How High Bitcoin Price Could Go This Cycle The PI Cycle Top Indicator operates by tracking two key moving averages: a short-term 111-day moving average (colored orange in Rekt Capital’s visual analysis) and the 350 day moving average (depicted in green) to gauge extended market trends. A crucial aspect of this tool is…

A widely followed crypto analyst is mapping out the path he believes Ethereum (ETH) is most likely to take for the rest of 2024. In a new video update, crypto strategist Benjamin Cowen tells his 808,000 YouTube subscribers that if ETH were to spark a rally, it would not surpass the $3,000 price level based on previous market cycles. “ETH has been going down since March, so my guess is that if ETH were to get a rally, it wouldn’t go much higher than $3,000. I would guess it gets rejected by the bull market support band this year and…

Polkadot (DOT) has once again triggered the crypto community with a post about rebranding its name. Out of the blue, the official X account of the Polkadot Network posted that with the community’s permission, it will be rebranding to “KOLKADOT.” Jokes gone too wild Name rebranding is not uncommon in the digital currency ecosystem. However, the light-hearted reactions that followed the post from Polkadot suggest it was just a ploy to engage the community for fun. community voted, we’re rebranding to KOLKADOT https://t.co/knmF5CihUl — Polkadot (@Polkadot) July 3, 2024 Polkadot has been in the news for the wrong reasons lately,…