Author: NBTC

Soramitsu, a Japan-based blockchain developer, will help the government of Pakistan build its central bank digital currency effort, after having been involved in similar projects. The Pakistan CBDC pilot is being implemented with offline payment capabilities in mind. Japan-Based Soramitsu Enlisted to Create Pakistan CBDC More countries are developing their central bank digital currencies (CBDCs), bringing their payment infrastructures to the digital age. Pakistan, the 25th largest economy in the world, has enlisted the help of Soramitsu, a Japan-based leader in blockchain technology, to structure and launch a digital rupee pilot that will run on top of the company’s CBDC…

A supposedly banned Coinbase ad is appearing on YouTube videos belonging to Channel 4, one of Britain’s biggest broadcasters, sources familiar with the matter told Decrypt. The cryptocurrency exchange released its “Everything Is Fine” ad last month—a big-budget, two-minute commercial that depicts the U.K. as bleak, rat infested and dirty, with prices in supermarkets spiraling out of control. Coinbase CEO Brian Armstrong claimed the advert was “banned” by British TV networks, and argued this amounted to censorship. But sources within Channel 4 have told Decrypt that no such ban of the Coinbase ad has taken place, and it’s been able…

BitPay has integrated Solana into its platform, enabling users and merchants to buy, store, send, receive, swap, and spend SOL and Solana-based stablecoins. Summary BitPay, a leading crypto payment processor, has integrated Solana blockchain into its platform. Payments from external Solana wallets (Phantom, Solflare, Backpack) are supported, and Solana-based payouts are planned for future updates. Major networks like Visa and Fiserv are also leveraging Solana for stablecoin transactions, highlighting its growing adoption in mainstream finance. In a press release shared with crypto.news, BitPay announced that it has integrated the Solana blockchain into its platform, enabling support for Solana (SOL), USD…

Key takeaways ETH is down nearly 2% and now trades around $3,600. The second-largest cryptocurrency by market cap could drop below $3,400 if market conditions remain bearish. Ether fails to stay above $3,700 as market correction continues Ether, the second-largest cryptocurrency by market cap, lost 2% of its value over the last 24 hours. The negative performance comes as Ether failed to take out the $3,730 resistance and briefly dropped below $3,600. At press time, Ether is trading at $3,620 and could drop lower if the market conditions remain bearish. The bearish performance also comes despite Ether ETFs recording inflows…

A stunning event recently unfolded in the fast-paced world of decentralized finance, highlighting the immense volatility and inherent risks of high-stakes crypto trading. A prominent figure known as AguilaTrades, a whale trader operating on the Hyperliquid decentralized exchange, suffered a significant financial blow. This AguilaTrades loss amounted to a staggering $1.85 million, incurred over just eight hours with a 0% win rate across six consecutive trades. What Led to the Catastrophic AguilaTrades Loss? The recent series of unfortunate events for AguilaTrades began with the closure of previous Bitcoin (BTC) and Ethereum (ETH) positions. Following this, the trader embarked on six…

Solana CEO Anatoly Yakovenko has managed to dodge nine attempts to serve him a Pump Fun lawsuit accusing him of playing a part in the memecoin platform’s fraudulent casino enterprise. Law firms Burwick Law and Wolf Popper recently filed an amended lawsuit naming crypto firms Solana and Jito, along with various executives, as defendants in their case against Pump Fun. They began serving defendants last week, including both Solana Labs and Jito Labs. However, after repeated “diligent efforts,” the firms failed to serve Yakovenko, fellow Solana co-founder Raj Gokal, Solana Foundation President Lily Liu, Jito CEO and COO Lucas Bruder,…

Vietnam is set to launch its first homegrown cryptocurrency exchange. This comes following a partnership between the Vietnamese state-controlled Military Bank and the operators of South Korea’s Upbit exchange, Dunamu. Local media outlet The Korea Herald today reported that Military Bank and Dunamu signed an agreement in Seoul confirming their interest in developing Vietnam’s first domestic crypto exchange. It currently ranks behind Coinbase, Bybit, and Binance. At press time, Upbit boasts $3.94 billion in volumes over the past 24 hours. Therefore, Dunamu’s expertise is expected to play a crucial role in developing and operating the Vietnamese state-linked exchange. Notably, under…

Maple Finance, the largest on-chain asset manager by assets under management, has introduced syrupUSDC as collateral for perpetual futures trading on Drift Protocol. Summary Maple launches syrupUSDC as yield-bearing collateral on Drift, offering 7–8% APY. $100,000 in incentives and a $50M supply cap aim to boost adoption. Drift integration enhances capital efficiency and expands Solana DeFi use cases. According to a press release shared with crypto.news on Aug. 13, the integration enables traders on the Solana-based decentralized exchange to earn between 7% and 8% APY on margin collateral while actively trading. Boosting capital efficiency in DeFi trading Drift (DRIFT), the…

Following the strong rise in the cryptocurrency market last month, prices have calmed down, and investors have begun to take positions against the decline. Options Data Shows Investors Hedging Against Bitcoin Drops Below $100,000 and Ethereum Below $3,000 According to data from options platform Derive.xyz, there has been a notable increase in the number of put options opened for Bitcoin (BTC) and Ethereum (ETH) in futures trading on August 29. This suggests that investors are hedging their bets, anticipating a decline by the end of the month. According to a market update shared by Dr. Sean Dawson, Derive’s Head of…

Roman Storm’s legal team and US prosecutors have agreed to extend procedural deadlines that could affect retrying the Tornado Cash co-founder on conspiracy to commit money laundering and conspiracy to violate sanctions. In a Monday filing in the US District Court for the Southern District of New York (SDNY), Judge Katherine Failla approved a schedule agreed upon by Storm’s lawyers and the US government that will push the start of any potential retrial. Though prosecutors did not suggest whether they intended to retry Storm on the two felony charges, any scheduling on the matter would likely be pushed to later…