Author: NBTC
Bitso, Mercado Bitcoin, and Foxbit have joined forces to issue brl1, a stablecoin pegged to the value of the Brazilian real. The stablecoin will be issued on Ethereum and Polygon, with Cainvest providing liquidity for the BTC and ETH pairs listed on these exchanges and other markets to be developed in the future. Crypto Consortium to Issue Brl1 Real-Pegged Stablecoin in Brazil The world of stablecoins is expanding from its dollar-linked origins, as other nations seek to bring their benefits to their national currencies. Bitso, Mercado Bitcoin, and Foxbit, three giants of the Brazilian cryptocurrency market, have recently teamed up…
Developed by the team behind Facebook’s Libra project, the Sui blockchain is gaining attention for its speed and ability to coordinate user actions efficiently. The blockchain now wants to tackle a key challenge in the Web3 space: coordinating user intent at scale. Experts like Grayscale’s Head of Research, Rayhaneh Sharif-Askary, and Sui Network’s Adeniyi Abiodun, have highlighted Sui’s potential to revolutionize industries like gaming and DeFi. With its innovative programming model and fast transaction speeds, Sui aims to drive Web3 adoption to new heights. ICYMI: Last week our Head of Research & Product, @Ray_scale, sat down with , @EmanAbio from…
Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences ranged from probation to 84 months in prison after a federal investigation dismantled the network. Texas Dark Web Drug Ring Sentenced for Cryptocurrency Laundering The U.S. Attorney’s Office for the Southern District of Ohio announced on Tuesday the sentencing of six individuals involved in a dark web…
The following is a guest post from Yaniv Baruch, COO at Playnance. Blockchain gaming recently hit a record high of 4.2 million daily active users, according to a DappRadar report. The GameFi industry is seeing an unprecedented surge in new users. However, this growth is somewhat overshadowed by buzzier trends like AI and memecoins. Three key factors drive the influx of users: advancements in crypto products (including TON ecosystem developments), airdrops, and broader technological progress in the crypto space. These factors helped attract – and, most importantly, retain – this massive user base, setting the stage for a new GameFi…
A widely followed crypto analyst believes Bitcoin (BTC) could hit new all-time highs (ATHs) next month if the flagship crypto holds one key level as support. Crypto trader Michaël van de Poppe tells his 725,500 followers on the social media platform X that Bitcoin could soar more than 19% from its current value in October. “Yes, there we go. Bitcoin is above $60,000 again, after having a minor correction. Continue to hold above $58,500 and we’ll be going to see a new ATH in October.” The analyst also says that the Fed rate cut Wednesday by 50 basis points could…
Crypto personality Ben Armstrong, widely known as BitBoy in the crypto community, has revealed his strategy for turning a modest sum into a $1 million fortune. Armstrong shared this insight in a new video on Tuesday, emphasizing that the path to wealth speeds up dramatically after hitting six figures. He broke down the process using Bitcoin’s historical performance and the power of compound interest to illustrate how investors can scale their portfolios exponentially. Making the First $100K is the Hardest Armstrong starts by addressing the challenges of making the first $100,000 in crypto, calling it the hardest step. “Making your…
In a routine procedure, San Francisco-based payments company Ripple has witnessed the unlocking of 1 billion XRP tokens from escrow. The development, which occurred in the early hours of today, saw the company’s escrow wallets release 1 billion XRP, valued at $621.78 million, across three transactions. Transaction Details Data from Whale Alert shows that the escrow system first unlocked 500 million XRP ($310.64 million) today at 02:53 UTC. Six minutes later, the second escrow release, containing 400 million XRP ($248.88 million), was executed. Afterward, the Ripple escrow system unlocked the last batch of XRP for October, featuring 100 million tokens…
Gotbit allegedly manipulated $WATER token prices, selling more tokens than they purchased, raising fraud concerns. WaterCoin devs transferred 844.44M $WATER to new wallets, selling them for $2.35M in $SOL, fueling manipulation accusations. The FBI created a fake token to catch Gotbit, ZM Quant, and CLS Global in a $25M crypto market manipulation probe. The U.S. SEC, FBI, and DOJ have filed lawsuits against Gotbit and several other crypto firms, accusing them of fraud and market manipulation. Gotbit, a notable “market maker,” allegedly manipulated token prices, including $WATER, claiming to lower prices fairly. However, they sold far more tokens than they…
Telegram Mini Apps, powered by The Open Network (TON), represent a groundbreaking fusion of blockchain technology with mobile gaming. These apps allow users to engage in games directly within Telegram, leveraging TON’s blockchain for seamless, secure transactions and true ownership of in-game assets. This integration not only enhances user interaction through familiar Telegram interfaces but also introduces decentralized finance (DeFi) elements like play-to-earn mechanics, where players can earn cryptocurrencies. TON’s high scalability and Telegram’s vast user base create an ecosystem ripe for innovative gaming experiences, bridging traditional gaming with the decentralized future of Web3. Telegram and TON Network first Airdrop…
Bitcoin has broken past $62K post-Fed rate cut; next resistance at $63K. Ethereum and Solana have also surged, reflecting a broader crypto market rally. Caution remains due to economic uncertainties and potential regulatory issues. Bitcoin (BTC) price has surged past $62,000 following the US Federal Reserve’s decision to cut interest rates by 50 basis points. The move by the Fed, aimed at bolstering economic growth and mitigating recession risks, has ignited a rally across digital assets. The monetary policy adjustment has not only energized Bitcoin but also lifted a broad range of altcoins and risk assets. Next Bitcoin (BTC) price…