Author: NBTC

The native token of the Cypher crypto wallet application, CYPR, has experienced a dramatic 88% price decline within 24 hours following the announcement of the app’s acquisition by global payment infrastructure firm Nium. The development was highlighted by crypto card expert Nikita (@0xVishnya) on X, sparking widespread concern among token holders. Acquisition Details and Token Impact According to Nikita’s analysis, the Cypher ecosystem is scheduled to be phased out by September 6. Crucially, the announcement confirmed that there will be no compensation or buyback program for CYPR token holders. Tokens that are currently locked will remain locked under their original…

Circle is facing legal pressure in Wisconsin after prosecutors accused the crypto firm of refusing to follow a warrant tied to stolen $USDC. The dispute comes as authorities report rising difficulty recovering funds moved through cryptocurrency scams. According to a report, authorities in two states said Circle had not followed court orders aimed at returning stolen assets. The Wisconsin case has drawn attention because prosecutors filed a criminal complaint against the company. The complaint includes one misdemeanor count. Karen Greenway, a former FBI agent and financial crime expert, said such a charge against a major financial firm is highly unusual.…

Alchemy Pay has made a significant advancement by extending its On Ramp service to Bangladesh, enabling direct purchases of cryptocurrency using the nation’s leading mobile financial platforms. This development integrates bKash, Nagad, Rocket, and Upay, which are integral to everyday financial transactions in the country. What Does This Integration Entail? This integration means that Alchemy Pay users in Bangladesh can now leverage popular local digital wallets to acquire cryptocurrencies. By doing so, the service eliminates the need for international payment systems or traditional bank transfers, significantly streamlining the process for local users. By focusing on established local payment channels, Alchemy…

SWIFT, one of the most important players in the global financial infrastructure, announced that it has launched its own blockchain-based ledger system and a pilot program with 17 global banks for 24/7 cross-border payments via deposit tokens. This development is noteworthy as it shows that the traditional financial world is beginning to use blockchain technology more directly. According to SWIFT, the pilot program aims to enable cross-border payments to be made faster and more efficiently, 24/7. The system is built on SWIFT’s own blockchain-based ledger system. It aims to allow banks to process international payments via deposit tokens, without being…

Bitcoin is pulling back after a channel rejection, putting the $61,200-$60,700 liquidity zone in focus. If buyers defend that area, $BTC could still recover toward $65,700-$67,400, but losing support may open the door to $59,700 or lower. Bitcoin Channel Rejection Puts $59.7K Back in Focus Bitcoin is getting rejected near the top of its 4-hour channel, putting short-term downside levels back in focus. If sellers keep control, $BTC could pull back toward $59,700, with $56,550 as the next deeper target. $BTC 4-hour chart. Source: Ali Charts on X, TradingView The chart shows Bitcoin trading inside a descending channel, with price…

Disclaimer: The views expressed in this article do not necessarily represent the views of BSCNews. The information provided in this article is for educational and informational purposes only and should not be construed as investment advice. BSCNews assumes no responsibility for any investment decisions made based on the information provided in this article. Tokenization has a defining narrative of digital assets. Real estate and private credit to commodities and infrastructure, nearly every asset class is being pitched as the next frontier for blockchain. As institutional interest accelerates, the conversation is moving past whether assets can be tokenized to how they…

The $USDGO cryptocurrency, issued by Anchorage, is reportedly closing in on a market cap of $1 billion on the Solana blockchain. This information comes from a widely shared post on Twitter, indicating significant monthly growth of 100% for the asset. Such developments highlight the increasing traction of $USDGO in the cryptocurrency market, suggesting potential implications for investors. The Latest The broader cryptocurrency market is displaying mixed signals, with various assets experiencing fluctuations in their momentum. Amid this backdrop, $USDGO’s rapid ascent on Solana stands out, especially as it approaches a remarkable market cap milestone. The reported 100% month-over-month growth points…

South Korea’s upcoming cryptocurrency tax, set to take effect next year, is facing sharp criticism from the country’s own legislative research body, which warns that unclear standards could lead to widespread confusion and legal disputes between investors and tax authorities. According to a report from the Seoul Shinmun, the National Assembly Research Service (NARS) has identified several critical areas of contention that remain unresolved. Key Points of Contention in the New Crypto Tax The NARS analysis highlights that the lack of specific tax standards for new methods of acquiring cryptocurrency—such as staking rewards and airdrops—is the most significant issue. The…

Coinbase, one of the largest cryptocurrency exchanges in the United States, has confirmed a technical issue affecting its recently launched prediction market service. Users have reported difficulties accessing and trading on the platform through both web and mobile interfaces since earlier today. Ongoing Investigation and Service Impact In a statement, Coinbase acknowledged the problem, noting that its engineering team is actively investigating the root cause. The company has not yet provided a specific timeline for when normal service will resume. The technical issue appears to be intermittent, with some users experiencing complete downtime while others report slow or failed transaction…

Hedera’s core difference from Ethereum is governance. Hedera runs on a permissioned council of large organizations, including Google, IBM, and Boeing, that vote on network changes and operate nodes. Ethereum runs on a permissionless, proof-of-stake network where anyone can validate, and institutional outreach happens through independent nonprofits rather than a formal member council. How Do The Two Networks Handle Governance? Hedera’s Governing Council sets policy, funds development, and vouches for the network’s stability, which appeals to regulated industries that need a clear point of accountability. Hedera also donated its codebase, Project Hiero, to the Linux Foundation, separating open-source stewardship from…