Author: NBTC
Detained Binance executive Tigran Gambaryan will have to wait to find out if he’s been granted bail by a Nigerian court after the presiding judge chose to attend a legal seminar instead of his scheduled hearing. As reported by local news outlets, Judge Emeka Nwite chose on Wednesday to attend a seminar at the National Judicial Institute instead of the Abuja Federal High Court. As a result, the Gambaryan’s bail ruling has been rescheduled to take place on Friday. Binance compliance officer Gambaryan has been in prison since February this year and his ruling was deferred by Judge Nwite last…
In a significant development, Coinbase’s Layer 2 blockchain, Base, is on the verge of surpassing Arbitrum as the largest Ethereum Layer 2 by total value locked (TVL), a cryptocurrency metric used to measure the total value of digital assets locked or staked on a particular decentralized finance (DeFi) platform. According to IntoTheBlock, Base has been live for just over a year and is rapidly closing the gap with Arbitrum. “Base, the L2 blockchain from Coinbase that has been live for just over a year, is close to surpassing Arbitrum as the largest Ethereum L2 by TVL,” IntoTheBlock wrote. Base, the…
The highly-anticipated US Fed rate cut is announced at 50 bps. Bitcoin reacted bullishly as many analysts expected with a surge to $62,000. Financial experts debate and discuss what’s next for stocks, crypto, and finance. The highly-anticipated announcement of the US Fed rate cut finally came through at what many financial exports expected to be at 50 bps. The crypto market reacted bullishly as many analysts expected on a 50 bps announcement. In particular, Bitcoin (BTC) price surged to reclaim the $62,000 price level. Fed Rate Cut Announced at 5 bps, Slightly Lower Than Expected The Federal Reserve announced an…
Anthony Scaramucci, the Founder of SkyBridge Capital investment firm, has voiced criticism of the current state of cryptocurrency regulation in the United States. The former White House Director of Communications called for a more bipartisan approach and suggested that the European Union’s Markets in Crypto-Assets (MiCA) regulation could influence US policy. In an exclusive comment to Finance Magnates, Scaramucci emphasized the importance of collaborative actions across divisions in terms of market regulation. “I think it’s very important that we have a bipartisan commitment to crypto,” he stated, praising the efforts of Senators Kirsten Gillibrand and Chuck Schumer from New York.…
The Cortex project has made significant strides in its recent update, focusing on MIPS instruction set implementation, ZkRollup circuit development, and Cortex Full Node optimizations. These developments further enhance the platform’s machine learning and blockchain performance, driving progress in its decentralized ecosystem. Cortex shared the update details through its official X account. 1/🚀 Cortex Project Updates #127🚀#OPML1️⃣ Completed MIPS instruction set compilation for cvm-runtime & implemented the test model. 2️⃣ Fixed MIPS dynamic library loading & adapted to tensor/data types of MLVM. 3️⃣ Modified memory layout & adjusted model reading format to… pic.twitter.com/DVMDJFHwOe — Cortex Labs (@CTXCBlockchain) October 12, 2024…
The Ethereum (ETH)-based virtual reality platform Decentraland (MANA) clocked more notable development activity than any other non-fungible token (NFT) project in the past month, according to the crypto analytics firm Santiment. Santiment notes on the social media platform X that Decentraland registered 168.17 notable GitHub events in the past 30 days. Flow (FLOW), a layer-1 permissionless blockchain, ranked second with 119.57 events, and Metaplex (MPLX), a decentralized NFT platform built on Solana (SOL), placed in a distant third with 19.13. Santiment notes that it does not count routine updates and utilizes a “better methodology” to collect data for GitHub events…
Bitcoin has gained traction in Q3 2024, with large-cap altcoins lagging the same period. Data from blockchain data firm Kaiko reveals that altcoins including Ethereum, Dogecoin, Solana, Toncoin, and XRP experienced a market downturn. Kaiko’s asset prices chart shows a clear shift in market dynamics, with Bitcoin solidifying its dominance as altcoins display increased volatility. Notably, ETH has declined since its spot ETFs were introduced in July. Major large cap altcoins are trailing $BTC so far this quarter as its’ dominance increases. $ETH has trended lower since the launch of spot ETFs in July. pic.twitter.com/EvkLCc7cZL — Kaiko (@KaikoData) September 18,…
FreeLunchCapital, the pseudonymous founder of Floor Protocol, paid $1.43 million worth of 588 ETH for a Non-Fungible Token (NFT). The NFT is linked to a golden Bored Ape Yacht Club (BAYC) previously belonging to the bankrupt FTX’s vault. In particular, the sale occurred on October 11 for the BAYC #7940, which has golden skin as its primary trait. Another pseudonymous member of the Bored Ape Yacht Club, Xeer, said on X it “Might be the cleanest, most aesthetic gold ape in the entire collection.” A BAYC NFT purchase revenge story against FTX and SBF This purchase has made waves in…
Singapore — Anzens Inc. is thrilled to announce its partnership with BitGo Trust, a prominent Qualified Custodian dedicated to serving institutional clients, to provide custodial services for the Cardano-based stablecoin, USDA. This collaboration brings together the technical prowess of Anzens, the issuer of USDA, along with EMURGO, the technology provider behind the Anzens platform. —The integration of BitGo’s infrastructure is a significant leap forward in ensuring the safety and security of USDA. This partnership allows Anzens to utilize BitGo’s robust services, which include a streamlined onboarding process for users, designed to meet regulatory compliance and mitigate operational risks. Shantnoo Saxena,…
Federal prosecutors charged two purported market makers, a handful of crypto projects, and over a dozen individuals with manipulating various crypto markets Wednesday, saying they profited from fees and selling manipulated coins at elevated values. According to charging documents unsealed Wednesday, Gotbit and ZM Quant wash traded various tokens to make it appear they had more legitimate activity than they actually did, selling some of these tokens at “artificially inflated prices” to others, marketing these coins on various platforms and convincing exchanges to let them buy tokens with reduced fees. Prosecutors say that both Gobit and ZM Quant publicly claimed…