Author: NBTC

Coinbase has issued a formal response to a lawsuit filed by BiT Global, a company tied to Justin Sun. The dispute arose after Coinbase announced it would delist wrapped Bitcoin (wBTC) from its platform on December 19. Meanwhile, Coinbase introduced Apple Pay support for fiat-to-crypto conversions, reflecting US regulatory trends and Apple’s growing interest in digital assets. BiT Global alleges that the delisting is defamatory and aims to monopolize the tokenized Bitcoin market. The lawsuit highlights concerns over Coinbase’s decision, accusing the exchange of anti-competitive behaviour. The conflict stems from changes in the custodianship of wBTC. In August, BitGo announced…

Mantle, an Ethereum L2 scaling solution, has recently disclosed a significant development in collaboration with Succinct Labs. It has integrated with SP1 of Succinct and this move has made it the biggest ZK rollup. This underscores its commitment to provide advanced scalability, capital efficiency, and institutional-level security. The platform revealed this development in a recent X post. We’re becoming the world’s largest ZK rollup with SP1.In collaboration with @SuccinctLabs, we’re creating institutional-grade settlement and value transfer — reducing finality from 7 days to 1 hour. pic.twitter.com/0U59WvOPRI — Mantle (@0xMantle) December 19, 2024 Mantle Integrates Succinct’s SP1 to Gain 1-Hour Transaction…

Bitcoin jumped above the $100,000 price point for the first time late Wednesday and continued to climb past $103,000, remaining above the milestone mark into Thursday—but it’s finally dropped back into five figures. BTC is currently trading for $98,969 as of this writing, falling from an all-time high of $103,679 as the leading cryptocurrency bounced around above the $100,000 mark in recent hours. Some $199 million worth of Bitcoin futures positions have been liquidated over the last 24 hours, per data from CoinGlass, including nearly $127 million in shorts (bets on the price falling) and about $72 million worth of…

BitBoy predicts an imminent XRP ETF launch, citing the explosive performance of an XRP Trust by a billion-dollar asset manager as a positive sign. ETFs have arguably been the biggest crypto narrative in 2024 besides memes. Fueled by the success of spot Bitcoin ETFs and their impact on the asset’s price, market speculators have set their eyes firmly on altcoins they expect to be next in line to receive the traditional investment wrapper. Among the potential contenders is XRP. Recently, a prominent market commentator has offered speculators an additional reason to anticipate the launch of an XRP ETF. “Good Sign…

A spending agreement unveiled by congressional leaders Tuesday—a so-called Christmas Tree stopgap bill packed with various additions before the holiday break—is aimed at averting a government shutdown. But it also includes a relatively novel crypto-related initiative. Tucked within a 1,547-page bill that would keep the government funded through March 14, 2025, the legislative package currently includes the “Deploying American Blockchains Act,” a measure that would enable the U.S. Department of Commerce to make policy recommendations while assembling a government-backed group of industry experts on Capitol Hill. First passed in the House of Representatives in May, the bill requires the Department…

Binance Futures has announced an important update for Portfolio Margin and Portfolio Margin Pro account holders, allowing the integration of BFUSD into their trading activities. Starting December 20, 2024, at 08:00 (UTC), users can utilize BFUSD, Binance’s exclusive reward-bearing margin asset, for various trading purposes across multiple platforms. Binance Futures now supports BFUSD for Portfolio Margin accounts.Learn more ➡️ https://t.co/J3FWb2dUsv pic.twitter.com/SQ2HoktaFS — Binance (@binance) December 20, 2024 The update brings increased flexibility for Portfolio Margin account users, enabling them to buy and redeem BFUSD directly. This integration allows BFUSD to be used as a margin in Cross Margin, USDⓈ-M Futures,…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The 2024 US presidential election showcased the public’s growing enthusiasm for prediction markets and citizen journalism. However, while blockchain-backed offerings promise to empower citizens like never before, the most pressing issue impacting the future of our government remains voter privacy and security. Paper systems are costly and slow, and current electronic voting systems lack privacy, transparency and accessibility—undermining trust in democracy. You might also like: US voters gave a ‘pro-crypto’ mandate—what happens now? | Opinion Enter zero-knowledge…

Well we did it, 100k Bitcoin is here. I’m sure quite a lot of you are quite happy with where your net worth is at right now, and all of you in that situation have had to exert a large amount of self control in order to hold onto your coins in order to get to that position in the first place. All of you are here because you initially got lucky, you found Bitcoin at the right time, you had someone you trust introduce you to it, the right confluence of events coalesced at the right time to get…

Astar Network, a cross-chain Web3 platform, has announced its exclusive pre-deposit campaign to begin on December 18. “Astar Surge” targets to expedite Astar Network’s integration with Soneium, letting $ASTR holders earn rewards while adding to the Web3 ecosystem growth. Astar Network’s ‘Astar Surge’ Rewards Early Adopters As included in Astar surge, those holding $ASTR tokens can deposit them into Astar’s L1 network-based dedicated contracts. In this respect, the participants can accumulate points for each participating Soneium decentralized app. Later on, they can redeem these points for tokens amid the Token Generation Events, offering a solid incentive for the early adopters.…

A vote to reconfirm SEC Commissioner Caroline Crenshaw was canceled Wednesday, likely ending her chance of securing another term at the United States’ main digital assets regulator—a major win for the crypto industry’s bid to expand its influence on Capitol Hill. The U.S. Senate Banking Committee was due to vote last Wednesday on whether to extend Crenshaw’s tenure at the SEC, where the regulator has served since 2020. Initially rescheduled for this Wednesday, the vote is now listed as canceled on the Senate website. The vote has now been nixed with no possibility of rescheduling, a Senate aide with knowledge…