Author: NBTC

Cardano community figure and well-known DRep Jaromir Tesaf has raised concerns about the network’s long-term ability to fund itself and maintain security. In a recent publication, he discussed several issues that could affect Cardano’s future and shared what he believes needs to happen to keep the ecosystem sustainable. Tesaf explained that Cardano’s security can remain sustainable over the long term only if transaction fees eventually take over the role currently played by reserve subsidies. He pointed out that the reserve continues to shrink over time, which means staking rewards are gradually declining. Because of this, fee revenue will need to…

American CryptoFed has urged the U.S. Securities and Exchange Commission to recognize its Locke governance token registration ahead of an Aug. 17 deadline that the organization says should take effect automatically under federal securities law. According to a memorandum published by the SEC’s Crypto Task Force, agency staff recently met with American CryptoFed DAO founders Scott Moeller and Xiaomeng Zhou to discuss the nonprofit’s latest registration efforts, its governance token, and legal questions surrounding decentralized organizations. The meeting also covered the group’s long-running push to bring the Locke token under the SEC’s reporting framework. Locke token registration moves toward Aug.…

Naver Financial, the fintech arm of South Korean internet giant Naver, and Dunamu, the operator of the country’s largest cryptocurrency exchange Upbit, have pushed back the completion date of their comprehensive stock swap by three months. The new deadline is now set for December 31, 2024, according to a revised disclosure filed by Naver on Monday. Revised Timeline and Key Dates The stock swap, initially scheduled to conclude on September 30, has been extended as both companies work through the final stages of the transaction. Alongside the new deadline, the extraordinary shareholders’ meeting originally planned for August 18 has been…

Strive Inc. CEO Matt Cole said his company is purchasing Bitcoin at an aggressive pace, telling Bloomberg that the firm is buying “hand over fist” as prices decline. The statement came as Strive disclosed its latest acquisition: 759 $BTC purchased between June 15 and June 21 at an average cost of $65,850 per coin, bringing the company’s total treasury to 19,864 $BTC — the seventh-largest corporate Bitcoin position in the world. The company has built that position from zero in under a year. In June alone, the company made three separate purchases — 759 $BTC, 73 $BTC at $63,646, and…

Ethereum is stuck at a major resistance zone where millions of $ETH previously changed hands, making $1,800 the level bulls need to reclaim. A breakout could open the path toward $1,980-$2,079, but rejection keeps the risk of a deeper move toward $1,237 or even $1,000 alive. Ethereum’s $1,800 Wall Could Decide the Next Breakout Ethereum is testing a major resistance zone where about 4.30 million $ETH previously changed hands. If buyers reclaim this area, the next upside levels sit near $1,980 and $2,079. $ETH URPD chart. Source: Ali Charts on X, Glassnode. The chart shows Ethereum pressing into the $1,800…

Welcome to Latam Insights, a compilation of the most relevant crypto news from Latin America over the past week. In this edition, the US targets Brazil’s Pix in a USTR report, Chile dismantles Tren de Aragua’s crypto laundering group, and a sugarcane-powered bitcoin mining project surges in Brazil. Key Takeaways: The USTR targeted Pix under Section 301, stressing that it hurts U.S. commerce to impose trade sanctions on Brazil. Chile caught 18 Tren de Aragua-linked crypto money launderers, estimated to have processed $88M. Tether-backed Adecoagro is building a sugarcane bitcoin farm to drive green mining in Brazil. US Targets Brazil’s…

Ripple has shown how institutions can bring $XRP and its $RLUSD stablecoin directly into their treasury operations through its Ripple Treasury platform. In an elaborate presentation, the company shared how businesses can activate digital asset accounts and add digital assets to their treasury workflows without leaving the platform. Ripple Shows How Institutions Can Get Started With Digital Assets During the presentation, Ripple explained that many customers want to benefit from digital assets, especially for instant cross-border payments and opportunities that remain available around the clock. However, according to the company, the first question many institutions ask is how they can…

Polymarket, which began its return to the U.S. after a four-year ban with the acquisition of QCEX a year ago and the introduction of a mobile trading app in December, has started a campaign to persuade policymakers, regulators and potential users that it is trustworthy, Associated Press reported on Wednesday. According to AP, Polymarket is working with social media influencers to produce viral marketing on TikTok and other platforms and has signed partnership agreements with major sports teams and Major League Baseball as well as news outlets including CNBC and CNN. The steps Polymarket is taking in the U.S. will…

Shinhan Bank, one of South Korea’s largest financial institutions, is taking a significant step toward integrating digital assets into its mainstream banking services. The bank has initiated a project to incorporate a cryptocurrency wallet into its unified mobile application, Shinhan SuperSOL, according to a report from the Seoul Economic Daily. Consulting Project and Timeline On June 30, Shinhan Bank issued a request for proposals (RFP) for a consulting project focused on analyzing and designing the digital wallet’s infrastructure. The project carries a budget of 900 million won, approximately $643,000. The selected consulting firm will be required to form a consortium…

Bitcoin miners are facing a real-world test of their ability to improve the electricity grid. The US Energy Information Administration projects electricity consumption will climb from 4,195 billion kilowatt-hours in 2025 to 4,269 billion in 2026 and 4,399 billion in 2027. The agency ties the increase to AI data centers, cryptocurrency operations, and broader electrification, and both years would set records for the country. The two-year climb adds 204 billion kilowatt-hours to the grid, equal to about 23.3 gigawatts of continuous average load. The number arrives alongside a first for the sector: commercial electricity use overtakes residential demand in 2026,…