Author: NBTC

India has yet to release a discussion paper on crypto, which was expected to be published by September. Other matters, like this month’s World Bank meetings, have taken priority over stakeholder consultations, which are crucial to framing India’s crypto policy stance. India has yet to publish a discussion paper outlining its policy stance on cryptocurrencies because officials are concentrating on other priorities, according to two people familiar with the decision. The document was initially expected by September following consultations with stakeholders including the central bank and the markets regulator. The intention to publish remains, but there is no timeline, said…

Coinbase-incubated Ethereum Layer-2 network Base has seen activity on the network increase significantly over the last few months despite the general decline in adoption for other Ethereum L2 networks, including leaders such as Arbitrum and Optimism. According to on-chain data, the combined transaction per second (TPS) for all Ethereum Layer-2 and Layer-3 networks was an average of 254.5 TPS over the 24 hours of October 6. This throughput represents a 73% decline from the all-time high of 440.4 TPS on August 20 and highlights how the Ethereum scaling solutions have been struggling to gain traction in recent months. For L2s…

MicroStrategy CEO Michael Saylor has spilled the beans about major US banks being allowed to custody Bitcoin in the near future. “Credible rumors are circulating that one or more major banks in the US will soon be able to custody Bitcoin,” Saylor said. Saylor shared this rumor in response to the Bank of New York Mellon (BNY), a global financial services company, obtaining an exemption from the SEC’s controversial SAB 121 rule. The news transpired during a Wyoming Select Committee meeting on Blockchain Innovation. The SAB 121 rule, which has been vigorously opposed within the cryptocurrency industry, forces banking institutions…

A wallet spent 288 ETH as transaction fees and ended up sending nothing, triggering widespread reactions in the crypto community. In today’s Ethereum news, another huge transaction fee was paid on the Ethereum network. According to blockchain transaction tracker Whale Alert, a user paid a staggering 288 ETH for a single transaction. One of the most interesting developments around the transaction, besides its magnanimous transaction fee, was that the user ended up transferring nothing to the receiving address. Per Etherscan, the wallet address sent 0 ETH to the receiving address, while paying 288 ETH as fee. Notably, the 288 ETH…

Institutions and politicians have frequently slammed maverick Bitcoin booster Nayib Bukele, president of El Salvador, for his handling of his country’s finances. But things may be paying off for the eccentric leader of the tiny Central American nation: the country’s bonds are booming. Bloomberg data shows that the bonds rallied after the country asked holders of nine, dollar-denominated transactions to tender their notes. Simply put, the government put an offer to buy them back from investors for cash—one way countries can restructure debt. El Salvador said in a Friday statement that it would issue new notes as “part of a…

Tron generated total revenue of $566 million in the third quarter, placing it ahead of giants like Ethereum, Solana, and Bitcoin. The figure reflects a 43% increase compared to the network’s second-quarter earnings. Over the past year, Tron has generated approximately $1.66 billion in total revenue, marking a 113% year-on-year growth. Token Terminal shows that Tron’s third-quarter revenue was more than 2x higher than Ethereum’s $253 million, 5x higher than Solana’s $105 million and 9x greater than Bitcoin’s $57 million. Reacting to the results, Tron founder Justin Sun voiced optimism for the final quarter of the year, stating: “We are…

The Mango Market DAO failed to pass a proposal to pay off the Securities and Exchange Commission’s (SEC) $700,000 settlement after a major voter withdrew their vote hours before the deadline. The proposal required 2% of participants to vote ‘yes’ so that $669,684 USD from the Mango DAO escrow account could be used to settle with the regulator. According to X user @Henry_E__, the vote passed the 2% minimum threshold with 100 million votes. However, someone withdrew 80 million votes hours before the deadline and the vote failed to pass. Only three voters were registered by the time the deadline…

In a significant development for the decentralized exchange platform, DEXPro has announced the integration of four new blockchain networks: 0xMantle, FantomFDN, LineaBuild, and ton_blockchain. This expansion allows users to engage with a wider variety of digital assets and projects across these newly supported chains. 🆕 #DEXPro just got a major upgrade!⛓️ Integrated 4 new chains: @0xMantle, @FantomFDN, @LineaBuild, and @ton_blockchain.🔐 Revamped security ratings and caution tips to help you dodge risks.You can now dive into hot projects like $FBTC, $mETH or $PUFF on Mantle; $FTM or $MIM… pic.twitter.com/9g4WUbZb1K — Bybit Web3 (@Bybit_Web3) October 7, 2024 According to the firm’s report,…

Decentraland has revealed launch plans for its long-awaited desktop client, which brings a significant visual upgrade, improved performance, and new mechanics to the Ethereum metaverse game. This huge update marks a pivot for the game’s vision to focus on the “social’ aspect of the metaverse. Currently, Decentraland is played in-browser, which has limited the game’s graphical capabilities and performance and arguably stunted the evolution of the game in recent years. Set to go live on October 22 as a public beta, the Decentraland desktop client offers major improvements for both players and creators in the metaverse. When Decrypt reviewed a…

Cathedra Bitcoin Inc. has unveiled a non-brokered private placement aimed at raising up to C$2.5 million ($1.85 million). The funds will be used for bitcoin purchases, infrastructure expansion, and general corporate needs. Cathedra Bitcoin’s Bold Private Raise Cathedra (TSX-V: CBIT; OTC: CBTTF) has recently shifted its focus away from bitcoin mining, opting to prioritize bitcoin acquisition and digital infrastructure development, much like Microstrategy’s approach. This non-brokered private placement, known as a LIFE (Listed Issuer Financing Exemption) offering, includes 25 million units priced at C$0.10 each. Each unit in the offering features one subordinate voting share and one share purchase warrant.…