Author: NBTC
Brazil’s judiciary has authorized the use of non-fungible tokens (NFTs) to serve subpoenas to unidentified individuals in a high-profile crypto fraud case. The decision is tied to the bankruptcy case of BWA Brazil, a digital currency investment company accused of fraud involving 11,200 bitcoins, which are currently valued at approximately $900 million. The ruling comes against the backdrop of a legal plea to halt the statute of limitations on claims related to crypto assets allegedly purchased using creditor funds. A court-appointed trustee overseeing BWA Brazil’s bankrupt estate requested permission to serve digital subpoenas via NFTs. The tokens, containing legal documents…
Hut 8’s (HUT) new subsidiary, American Bitcoin Corp., a partnership between the mining company and the Trump family, could be spun out, allowing the company to focus on data center hosting, broker Clear Street said in a report Monday. The broker noted that the new unit will be included in the bitcoin miner’s financials, but the “businesses could be separated, allowing HUT to focus on high-margin data center hosting revenue.” Hut 8 is expected to secure more power and expand its data center hosting business, the report said, and the “potential to secure a hyperscaler” is a key catalyst for…
Highly followed Bitcoin maxi “Bitcoin Dad” suggests that the XRP price will go to zero by 2035. There is hardly any love lost between XRP holders and core Bitcoin proponents, also known as maximalists or maxis, and this does not look likely to change anytime soon. In the latest instance, one prominent market pundit has stoked the flames of the divide with price predictions for a decade from now. 10M XRP for a Ford Focus (2014) in 2035 Highly followed Bitcoin maxi “Bitcoin Dad” has implied that XRP will go to zero by 2035. In an X post on Wednesday,…
The Cosmos ecosystem is set to transform blockchain interoperability with IBC Eureka, the upgrade to its Inter-Blockchain Communication (IBC) protocol. The first transaction between Cosmos Hub (ATOM) and Ethereum was successfully made on Friday, March 28, with potential implications for the user and developer experience in web3. Magnas Mareneck, co-CEO at the newly-formed Interchain Labs, commented: “EUREKA! Cosmos Hub MAINNET has now sent its first live IBC transaction to Ethereum… and back! The content: 1 $ATOM. The message: i love cosmos” Barry Plunkett, co-CEO of Interchain Labs, posted: “First ethereum, then the world. Over the rest of the year, we’re…
Bitcoin accumulation addresses have seen massive inflows in the past week, leveraging retail sell-offs to stack the pioneering cryptocurrency extensively. Despite Bitcoin’s recent struggles, whales are still keen on the premier asset. Large holders have seen price fluctuations as an opportunity to buy the fears predominant in the market. Notable reporter Vivek Sen recently shared a positive accumulation trend among Bitcoin whales. In a tweet today, he noted that inflows into whale wallets have seen an uptick amid market uncertainties. Accumulation Wallets Sees Inflows The data cited analytical insight from on-chain data provider CryptoQuant. Further analysis indicates that the inflows…
XRP was excluded from Hong Kong’s approved crypto list, causing a 12% price drop. Regulators may have avoided XRP due to Ripple’s ongoing legal battles with the SEC. Hong Kong enforces strict crypto regulations, limiting approved assets to a few major tokens. Ripple’s XRP is once again making headlines, but this time for an unexpected reason. Hong Kong’s Securities and Futures Commission (SFC) recently released its list of approved cryptocurrencies for trading, and XRP is nowhere to be found. While Bitcoin, Ethereum, Avalanche, and Chainlink made it into the listing, XRP’s absence has sparked concerns, leading to a sharp 12%…
German data infra company deltaDAO has launched a blockchain-based platform designed to streamline AI and data-sharing while ensuring privacy and control. DeltaDAO, a German data infrastructure company, has launched the so-called Pontus-X, a platform powered by the Oasis Network blockchain aimed at making AI and data-sharing easier across Europe, with over 180 institutions already on board, including Airbus and T-Systems. In a press release shared with crypto.news, deltaDAO mentioned that at Hannover Messe in Germany, visitors can “experience live demonstrations of the ecosystem’s capabilities.” Experts are also hosting sessions on “managed identity wallets, data and digital service monetization and sovereign…
Bitcoin enthusiasts have long touted the creation of a strategic Bitcoin reserve as a hedge against inflation that can reduce the national debt and reinforce the United States’ position as a global financial leader. Its implementation could also unleash several damaging effects on the US economy, with consequences rippling across the globe. BeInCrypto spoke with Haider Radique, the Chief Marketing Officer at OKX Exchange, to break down the risks of creating a strategic Bitcoin reserve. Strategic Bitcoin Reserves Grow in Popularity The concept of a strategic Bitcoin reserve has gained notable popularity over the years, both in the United States…
USDD, a decentralized stablecoin on the TRON ecosystem has surpasses the $100 million mark in total supply within the first three days of its launch. Justin Sun, the founder of TRON, posted on X celebrating this milestone. Sun also pointed out that this milestone was achieved without any support from exchanges but was achieved from relying solely on on-chain traffic. USDD Surpasses $100M in Total Supply A New Era for USDD Justin Sun while he celebrates this achievement, he made another post where he welcomed big and influential firms to collaborate with the project. He even put out rewards for…
Hashgraph, the blockchain development firm focusing on the Hedera (HBAR) network, is building a private, permissioned blockchain for enterprises in highly regulated industries with plans to debut in the third quarter of 2025. HashSphere, built with Hedera’s technology, aims to bridge private and public distributed ledgers, ensuring compliance with regulations while maintaining interoperability, the company said Monday. Hashgraph is looking to provide services to asset managers, banks and payment providers seeking secure, low-cost cross-border transactions with stablecoins. While public blockchains offer security and transparency, enterprises in industries like finance and payments often face compliance challenges, particularly with know your customer…