Author: NBTC
Coinbase filed two new Freedom of Information Act (FOIA) requests on Oct. 18, seeking regulatory clarity for crypto in the US. The new requests are directed at the Federal Deposit Insurance Corporation (FDIC) and were filed by History Associates Incorporated on behalf of the exchange. Coinbase chief legal officer Paul Grewal said one of the requests is to clarify a 15% deposit cap allegedly imposed on digital asset companies. The request claims that the 15% deposit cap was imposed on banks such as Signature Bank, Customers Bank, Cross River Bank, Western Alliance Bank, and Silvergate Bank. Among the documents requested…
In the ever-evolving digital sector, the management, storage, and verification of personal data is experiencing significant reshaping. In this respect, ZNS Connect has announced its collaboration with the Plume Network to unveil blockchain-based identities. The platform took to social media to provide the details of this development. https://t.co/Ha8JOAmXR9 — ZNS CONNECT (@ZNSConnect) October 21, 2024 ZNS Connect Joins Forces with The Plume Network to Increase Security and User Control over Digital IDs ZNS Connect mentioned that the joint endeavor facilitates the consumers with complete power over their IDs. In addition to this, the partnership also focuses on protecting them with…
The cryptocurrency market continues to exhibit signs of turbulence as Bitcoin’s sell-side risk ratio, which measures the ratio of realized profit and loss relative to market size and indicates potential for heightened volatility, has experienced a sharp decline in recent days. According to a post made by popular cryptocurrency market analyst Kyle Doops on the microblogging platform X (formerly known as Twitter), the recent drop in Bitcoin’s sell-side risk ratio suggests that profit-taking may be nearing its end, paving the way for increased price fluctuations similar to those seen in 2019. The Sell-Side Risk Ratio measures realized profit and loss…
Charles Hoskinson, the Cardano founder, confirms that the Midnight development progress is proceeding as the team has planned. The latest comment came on the back of a sneak peek shared by one of the developers working on the Devnet. Notably, Stevan Lohja, a Developer Relations Engineer at Input Output (IOHK), recently shared an image showing the ongoing development of Midnight. The image, posted on X, displayed technical logs from the “midnight-node-testnet,” showing processes such as syncing blocks and validating operations. These activities are important in ensuring the Midnight network’s stability, progress, and functionality. In the image, Lohja reveals processes such…
Ripple recently moved 200 million XRP million, stirring speculation about the purpose of the transfer. The company has not provided any official explanation, though some industry observers believe it could be connected to the firm’s ongoing dispute with the U.S. Securities and Exchange Commission (SEC). Ripple’s 200 Million XRP Transfer The blockchain payments firm shifted a whopping 200 million XRP, valued at over $109 million, to an unidentified wallet today, according to Whale Alert data. Netizens speculated that the transfer could be related to legal proceedings in the SEC lawsuit. However, as of now, the exact motivation behind the transaction…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Prediction markets are one of the most compelling applications of blockchain technology today, with over $3.1 billion in betting volume over Q3 this year, and it’s no accident. Polymarket—the leading prediction market platform widely regarded as crypto’s first ‘killer app’—has done what few other blockchain applications have: captured mainstream attention and influenced major events, accounting for 99% of prediction market share. Take the 2024 US elections, for instance. Polymarket reached American households through mainstream media, moving beyond…
Silver-tongued analyst known for his accurate predictions sets new ATH target for Bitcoin. He says that BTC will hit $87,000 – $88,000 price high after sideways movement ends. This new high will usher in the start of the long-awaited super bull run. Bitcoin (BTC) has returned to the $58,000 range giving hope to many analysts that the expected price dip to the $40,000 level is no longer a likely option. While many expected one last BTC price dip before hitting new ATH for Bitcoin and altcoins, some believe the bottom for September is already printed. Once this sideway range is…
Valhalla, the flagship play-to-earn MMORPG from Floki, announced a partnership with Alliance, a leading esports organization. This collaboration aims to introduce a broader audience to the benefits of Web3 gaming while offering players innovative ways to earn rewards and engage in the digital economy. Valhalla hopes to showcase blockchain technology’s potential by leveraging Alliance’s extensive network. “This partnership is more than just about gaming—it’s about unlocking new ways for players to compete, earn, and engage in the digital economy, Mr. Brown Whale, Valhalla’s lead advisor, stated in a statement. Through this partnership, Valhalla will gain visibility across Alliance’s digital platforms,…
Ripple CEO Brad Garlinghouse recently shared his views on elections and voters’ expectations as he pointed out that voters care about crypto and Ripple’s native token, XRP. In a X post, Garlinghouse wrote, “Voters care about crypto – they care about XRP – it’s not a niche issue. They want real policies that drive innovation and create jobs.” Voters care about crypto – they care about XRP – it’s not a niche issue. They want real policies that drive innovation and create jobs. Candidates that ignore crypto and blockchain risk a serious loss in support from a growing, informed voter…
Nakamoto Games, a significant player in the GameFi industry, is releasing one of its most anticipated products: the NAKAWallet. With 24 hours left before the official launch, Nakamoto Games is just ramping up more excitement as the NAKAWallet hashtag can be seen on social media. The wallet is set to hit the market on October 22nd, 2024, at 6:00 PM Thailand time. The platform vowed to transform the gaming & cryptocurrency industry. 🚨 Nakamoto Games is thrilled to announce that we’ve entered the final countdown for the #NAKAWallet release! 🚨Just 24 hours left until one of the biggest $NAKA products…