Author: NBTC
Mofi, a protocol engineer at software development company OP Labs, hinted at a major upgrade on the Optimism mainnet. The proposed upgrade targets tackling a few security vulnerabilities discovered by Spearbit, Cantina and Code4rena during security audits. Noteworthy, the proposal is only a matter of caution as there have yet to be any exploit reports on these vulnerabilities. Hence, users’ assets remain safe. Optimism introduces L2 hard fork Optimism has proposed introducing a set of smart contract upgrades and an L2 hard fork to fix these loopholes. Today, @OPLabsPBC posted an upgrade proposal detailing findings from a recent series of…
Crypto industry leaders are challenging the SEC’s recently coined terminology of “crypto asset security.” Legal experts argue that this term is not grounded in established U.S. law or regulative frameworks. Key figures from Coinbase and Ripple have publicly criticized the SEC’s inconsistent treatment of digital assets. Discover the latest challenges facing the SEC as top legal officers from Coinbase and Ripple contest its terminology and approach towards crypto regulation. Coinbase CLO Disputes SEC’s “Crypto Asset Security” Term Paul Grewal, Coinbase’s Chief Legal Officer, recently took to social media to voice his concerns regarding the SEC’s term “crypto asset security.” He…
Crypto.com, a leading global crypto exchange, has received a crypto payment service provider license in the Kingdom of Bahrain from the Central Bank of Bahrain. The exchange had already received a license from Dubai’s VARA in the UAE. According to the Crypto.com press release, this is part of its expansion in the GCC region. Crypto.com received a payment service provider (PSP) services from the Central Bank of Bahrain through its subsidiary registered in the Kingdom of Bahrain under the commercial name “FORIS GFS BH B.S.C. CLOSED”. The PSP license will allow Crypto.com to expand its offerings of e-money and fiat-based…
Gold tokenization will be launched on Cardano through a partnership between founding partner EMURGO and Kinka Gold (XNK), a subsidiary of the Japanese neo-financial services company. EMURGO announced the latest collaboration in an official press release today. The report states that the Cardano blockchain ecosystem will soon integrate its first major gold-backed token, XNK, with EMURGO serving as a technology partner. Kinka’s XNK token is backed by gold as each ounce represents premium Japanese gold that meets the highest LBMA standards. This gold is destined for use on the Osaka Exchange and stored in vaults around the world that are…
Sky, formerly MakerDAO, decided to remove the usage of Wrapped Bitcoin (WBTC) as collateral for borrowing through a governance vote concluded on Sept. 19. BA Labs, the former Risk Core Unit, was named stability advisor for the process. The entity also suggested removing WBTC as a collateral option. Starting Oct. 3, SparkLend, the money market in the Sky ecosystem, will start reducing the collateral cap for using WBTC as collateral for borrowing. Additionally, measures such as reducing the liquidation threshold and raising linear interpolation will be implemented to make WBTC vaults less attractive to users. According to the proposal, the…
The US Spot Ethereum ETF saw a $5.24 million inflow, primarily from Blackrock. Ethereum’s price of $2,542.80 indicates strong market sentiment. Ethereum itself is witnessing a bullish trend, with large wallet transfers and increased trading volumes. As of September 19, the US Spot Ethereum ETF has shown significant movement, with a daily net inflow of $5.24 million, primarily from Blackrock’s ETHA, which recorded the entire inflow. The ETF now boasts total net assets of $6.70 billion, and cumulative net inflows have reached $610.35 million. However, most competing funds saw no inflows during this period. The bullish trend in the cryptocurrency…
Blockchain infrastructure provider Blockdaemon, which powers institutional clients such as OneDegree and CoinShares, may be eyeing a public listing in 2026. Crypto infrastructure provider Blockdaemon, backed by Goldman Sachs, SoftBank, and Kraken, among others, is weighing in on going public in 2026. In an interview with Bloomberg, the company’s founder and chief executive Konstantin Richter indicated that the company, currently valued at around $3.3 billion, would assess market conditions in 2025 before making a decision. Founded in 2017, Blockdaemon has built a client base of over 400 institutional customers. In September 2021, the company secured $155 million in a Series…
Shiba Inu could set an unprecedented history and eliminate two more zeros in the scenario where its market cap expands to the size of Tesla. Shiba Inu has primarily been at the receiving end of the crypto market’s bearish sentiment in recent days. The meme coin hit a new daily low of $0.00001295, declining further by 3.3%. At press time, Shiba Inu has managed to reclaim the $0.000013 price level, stabilizing around $0.00001325. This represents a significant 30% drop from its higher value just a month ago. Before now, Shiba Inu ranked among the best-performing crypto assets in the bull…
The final event of the America Loves Crypto tour took place yesterday in Washington, D.C. as the country counts down to the 2024 election. Speakers including Coinbase CEO Brian Armstrong, ConSensys CEO Joseph Lubin, and Congressman Wiley Nickel (D-NC) addressed the maximum capacity crowd at the Black Cat music venue. The speakers largely agreed on one idea: the importance of supporting cryptocurrency in America through a concerted bi-partisan effort. In their shared stage appearance, Brian Armstrong and Congressman Nickel noted that they see it as critical to keep and foster cryptocurrency innovation in America. This importance, for Nickel in particular,…
Commerzbank will provide custody services and the Deutsche Boerse subsidiary will enable trading of digital assets for German corporate clients. The service will focus on the trading of bitcoin and ether, the companies said. Crypto Finance, a subsidiary of Germany’s largest stock exchange operator, signed a deal with Commerzbank (CBK) to offer trading services to the lender’s corporate clients just two weeks after reaching a similar agreement with Zürcher Kantonalbank (ZKB) in Switzerland Commerzbank, the country’s second-largest bank by number of branches, will provide custody services, the companies said in a press release on Thursday. The trading service offered by…