Author: NBTC

Bitcoin infrastructure project Satflow has introduced a DEX for professional traders focused on the Ordinals and Runes ecosystems. The aim is to eliminate the practise of mempool sniping, the effects of which may be more acute on Bitcoin than other networks. Satflow, a Bitcoin infrastructure firm focused on the Ordinals and Runes ecosystems, has introduced a decentralized exchange (DEX) for professional traders – positioned as a less-expensive alternative to the popular NFT marketplace Magic Eden. In a press release shared with CoinDesk, Satflow said that its fees initially will be 0%, claiming they would be a couple percentage points lower…

A new shockwave hit the cryptocurrency market when, as became known thanks to a report from Whale Alert, an unknown ancient Bitcoin (BTC) miner woke up after more than 10 years of hibernation. The address “14CZ9” transferred 19 BTC, worth more than $1 million at current prices to the address “bc1qw6.” These coins did not go anywhere else, though, and are still stored at the new address. The first transactions of this ancient Bitcoiner were made 11 years ago, on Nov. 28, 2013. At that time, the price of the cryptocurrency was just over $1,000. However, the price per BTC…

Artificial intelligence (AI) tokens are leading the weekly gains in crypto, registering an average return of 37% over the past seven days, according to Artemis’ data. The performance shown by AI tokens is more than double the market’s 15.9% average gain over the period. The movement was primarily driven by Bittensor (TAO), which climbed 86.2% in the last seven days. Additionally, the 11 AI-related tokens tracked by Artemis registered double-digit gains, surpassing 20% in the same period. Artificial Superintelligence Alliance (ASI) and Render (RENDER) took the second and third spots in terms of weekly returns, growing 31% and 30.3%, respectively.…

Prosecutors said Singh “approached his cooperation with earnest remorse and eagerness to assist.” He will be sentenced later this month. Government prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX. In a document submitted on Oct. 23, prosecutors said Singh “approached his cooperation with earnest remorse and eagerness to assist.” Singh aided the government in understanding how FTX’s code permitted the illegal use of customers’ funds, and he identified in detail the transactions by…

DMM Crypto’s partnership with Neoclassic Capital is aimed at accelerating Web3 gaming adoption through entertainment and blockchain integration. Filecoin’s Fast Finality upgrade reduces finalization times, enhancing scalability and efficiency across Web3 infrastructure projects. By means of strategic alliances and large expenditures, DMM Crypto, a crypto division of DMM.com, is positioning itself as a major participant in the Web3 scene. The startup has worked with Neoclassical Capital on a fundraising round meant to quicken its Web3 projects. Targeting sectors like blockchain gaming and NFTs especially, this collaboration is part of DMM Crypto’s larger vision to create a seamless multi-chain ecosystem that…

Visa and PayPal executives advocated for the broader adoption of stablecoins during a panel at the DC Fintech Week forum earlier today. Visa’s Head of Crypto, Cuy Sheffield, and PayPal Digital’s CEO, Jose Fernandez da Ponte, underscored the transformative potential of stablecoins in streamlining cross-border transactions and reshaping global payments. The conversation centered around how stablecoins, once primarily used in crypto trading, are now becoming essential tools for streamlining international business-to-business (B2B) and peer-to-peer (P2P) payments. Stablecoins can significantly reduce settlement times, allow for 24/7 transactions, and minimize the costs associated with traditional cross-border payment methods, such as SWIFT transfers.…

Bitcoin (BTC) miners are demonstrating unwavering commitment as the network’s hash rate approaches an all-time high, according to a recent Glassnode report. The report noted that the 14-day moving average hash rate has climbed to 666.4 exahashes per second (EH/s), just 1% shy of the record. This indicates that miners continue to install new mining hardware regardless of unfavorable market conditions. The report added that the increase in hash rate is met with a corresponding rise in mining difficulty, with the current average required hashes to mine a block at 338,000 exahash, the second-highest in Bitcoin’s history. Building war chests…

Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected. Harris Promises Support For Crypto And AI Speaking to donors at a fundraiser in New York City on Sunday, Harris outlined her economic agenda, which aims to foster innovation in the artificial intelligence (AI) and digital asset sectors while ensuring consumer protection, according to Bloomberg. At the event held at Cipriani Wall Street, Harris stated: I…

Blockchain infrastructure provider Consensys has issued an open letter to the next U.S. president, urging a regulatory framework that supports blockchain innovation. Ethereum-focused blockchain developer Consensys has called on the future U.S. administration to prioritize regulatory clarity and foster innovation in the crypto sector as the 2024 presidential election approaches. In an open letter, on Wednesday, Oct. 24, the company, which owns MetaMask and Infura, addressed to the “next U.S. president” concerns over what it describes as a fragmented approach to crypto regulation in the United States, which it argues “leaves room for bad actors to proliferate.” “The industry’s commitment…

In a recent announcement, Binance revealed a new initiative that enables holders of Aragon tokens (ANT) to exchange their assets for Ethereum (ETH). This decision follows the Aragon Foundation’s recent policy adjustments aimed at providing liquidity options for ANT holders. The announcement was made public on October 24, outlining specific details of the exchange process. Contents hide 1 What is the Fixed Rate for the Exchange? 2 What Happens After the Deadline? What is the Fixed Rate for the Exchange? The Aragon Foundation has established a fixed exchange rate of 0.0025376 ETH for each ANT token. This rate provides a…