Author: NBTC

Binance founder Changpeng Zhao (CZ) has floated the idea of issuing a memecoin to track down the alleged sponsors of recent negative media coverage targeting the crypto exchange. In a post on X, CZ referenced a similar use of memecoins to get information about Malaysian fugitive Jho Low. According to Zhao, using memecoin to incentivize informants could also help uncover the alleged sponsors of the fear, uncertainty, and doubts (FUD) spread about Zhao and Binance. He asked: “Should we do the same to uncover who is behind (sponsoring) all the recent FUD from Bloomberg, WSJ, and NYT?”. However, the post…

A July 15 report by global consulting firm Capgemini warns that public-key cryptographic systems, including RSA and elliptic curve cryptography (ECC), may be rendered obsolete by quantum machines in the near future. These are the algorithms that Bitcoin and other blockchains use to secure wallet addresses and authenticate transactions. Capgemini’s analysis does not specifically mention Bitcoin, but it talks about how ECC, the technology behind the blockchain’s private key, is vulnerable to quantum computing. ECC, like RSA, is susceptible to Shor’s algorithm because it is capable of solving the discrete logarithm problem, the mathematical principle that hides visibility of blockchain…

Ethereum’s upcoming Fusaka hard fork, scheduled for November, is expected to make the network much more scalable and secure. Several upgrades are underway by core developers, including the integration of 11 Ethereum Improvement Proposals (EIPs). The EIP-7825 is one of several major features of the Fusaka upgrade, aimed at making the network resistant to malicious attacks. In addition, developers have proposed raising the gas limit to 150M to enhance the network throughput and support more complex operations. However, some other proposals, such as EIP-7907, which would expand the size of contract code, have been eliminated to speed up tests. The…

Catering to the short attention span of retail investors in Michael Saylor’s bitcoin (BTC) treasury company MicroStrategy (MSTR), a new fund manager is advertising weekly payouts plus extra leverage. Although monthly payouts have been available in YieldMax’s ETF MSTY since February 2024, Roundhill wants to increase that cadence 4X with its upcoming fund, MSTW. In addition to weekly payouts, the Roundhill MSTR WeeklyPay ETF will also leverage synthetic derivatives to hopefully surpass MSTR’s calendar week price return by an extra 20%. To accomplish these feats, the new ETF will obtain investment exposure exceeding the net assets in its fund with…

The U.S. Senate is marching on in its effort to craft rules and regulations for the vast majority of the crypto market, releasing a discussion draft of a market structure bill that more clearly defines some of the frameworks the lawmakers are contemplating. The 35-page draft released Tuesday formulates new definitions for digital assets that are not securities, and directs the Securities and Exchange Commission to engage in rulemaking around these assets that would exempt them and their issuers from existing regulations. The bill later directs the SEC and Commodity Futures Trading Commission to engage in joint rulemaking around certain…

The world of finance is rapidly evolving, and at the forefront of this exciting transformation are innovations like stablecoin payments. Imagine a future where paying for your everyday essentials, like a delicious meal from your favorite food delivery app, is not only instantaneous but also incredibly secure and remarkably cost-effective. This isn’t a distant dream; it’s becoming a tangible reality, thanks to pioneering efforts by institutions such as South Korea’s Shinhan Bank. For those keenly observing the digital asset space, this development signifies a powerful convergence of traditional banking and cutting-edge blockchain technology. It’s a clear signal that major financial…

Bitcoin (BTC), the world’s largest cryptocurrency, hit an all-time high (ATH) of $123,091 on July 14. Similarly to its digital counterpart, gold has also experienced a significant surge, having gone up 35% in the past year with the potential to hit its own record price of $3,600 per ounce in H2 2025. Thanks to the upward momentum, Bitcoin now has a market cap of around $2.36 trillion, while the precious metal has a market cap of approximately $22.57 trillion. That is, Bitcoin is now worth 10% of gold’s market cap, being the sixth largest asset by the same metric, based…

GameSquare, a digital media company with an Ethereum treasury strategy, said Thursday that it acquired a rare CryptoPunk NFT for $5.15 million worth of preferred shares. The Ethereum-based NFT was previously owned by Robert Leshner, who founded the decentralized lending protocol Compound and now serves as CEO of crypto asset manager Superstate. His preferred shares can be converted into common stock at $1.50 per share, GameSquare said. Featuring “Cowboy Hat” and “Ape” as traits, the CryptoPunk is among the 24 rarest NFTs from the iconic collection of 10,000 pixelated profile pictures, per marketplace OpenSea. Lesher purchased the NFT for 2,501…

A closely followed crypto analyst is revealing two bullish scenarios that would lead the top smart contract platform Ethereum (ETH) to a price tag of $6,000. In a new strategy session on the TechnicalRoundup podcast, pseudonymous crypto trader DonAlt says the best-case scenarios for ETH right now are trading sideways or ripping up to new highs before pulling back. “I would much rather have this basically go sideways here, or just like either rip like completely just go up and then pull back from much higher. Basically, you go towards $6,000 and then you pull back from $6,000 to $4,000.…

The U.S. is on the verge of passing landmark crypto legislation, and if it succeeds, the impact could be profound, not only by unlocking growth, but by significantly reducing risk, asset manager Bitwise said in a report on Monday. The growth story is straightforward according to Bitwise. Regulatory clarity would empower major financial institutions, such as JPMorgan (JPM), BNY Mellon (BK), Nasdaq (NDAQ), to fully build in crypto, the report said. That means billions in new investment and a path to migrate trillions of traditional assets onto blockchain rails. The infrastructure is ready; it just needs Washington’s go-ahead, according to…