Author: NBTC

Prosecutors said Singh “approached his cooperation with earnest remorse and eagerness to assist.” He will be sentenced later this month. Government prosecutors in the case against former FTX executive Nishad Singh have asked the sentencing judge to take into account the “substantial assistance” and “exemplary cooperation” Singh provided to the government in its investigations into FTX. In a document submitted on Oct. 23, prosecutors said Singh “approached his cooperation with earnest remorse and eagerness to assist.” Singh aided the government in understanding how FTX’s code permitted the illegal use of customers’ funds, and he identified in detail the transactions by…

DMM Crypto’s partnership with Neoclassic Capital is aimed at accelerating Web3 gaming adoption through entertainment and blockchain integration. Filecoin’s Fast Finality upgrade reduces finalization times, enhancing scalability and efficiency across Web3 infrastructure projects. By means of strategic alliances and large expenditures, DMM Crypto, a crypto division of DMM.com, is positioning itself as a major participant in the Web3 scene. The startup has worked with Neoclassical Capital on a fundraising round meant to quicken its Web3 projects. Targeting sectors like blockchain gaming and NFTs especially, this collaboration is part of DMM Crypto’s larger vision to create a seamless multi-chain ecosystem that…

Visa and PayPal executives advocated for the broader adoption of stablecoins during a panel at the DC Fintech Week forum earlier today. Visa’s Head of Crypto, Cuy Sheffield, and PayPal Digital’s CEO, Jose Fernandez da Ponte, underscored the transformative potential of stablecoins in streamlining cross-border transactions and reshaping global payments. The conversation centered around how stablecoins, once primarily used in crypto trading, are now becoming essential tools for streamlining international business-to-business (B2B) and peer-to-peer (P2P) payments. Stablecoins can significantly reduce settlement times, allow for 24/7 transactions, and minimize the costs associated with traditional cross-border payment methods, such as SWIFT transfers.…

Bitcoin (BTC) miners are demonstrating unwavering commitment as the network’s hash rate approaches an all-time high, according to a recent Glassnode report. The report noted that the 14-day moving average hash rate has climbed to 666.4 exahashes per second (EH/s), just 1% shy of the record. This indicates that miners continue to install new mining hardware regardless of unfavorable market conditions. The report added that the increase in hash rate is met with a corresponding rise in mining difficulty, with the current average required hashes to mine a block at 338,000 exahash, the second-highest in Bitcoin’s history. Building war chests…

Memecoin Kamala Horris (KAMA) has seen its first notable increase in over a month, rising 7% in the last 24 hours, in response to comments made by US Vice President Kamala Harris, who pledged to support the growth of the crypto space if elected. Harris Promises Support For Crypto And AI Speaking to donors at a fundraiser in New York City on Sunday, Harris outlined her economic agenda, which aims to foster innovation in the artificial intelligence (AI) and digital asset sectors while ensuring consumer protection, according to Bloomberg. At the event held at Cipriani Wall Street, Harris stated: I…

Blockchain infrastructure provider Consensys has issued an open letter to the next U.S. president, urging a regulatory framework that supports blockchain innovation. Ethereum-focused blockchain developer Consensys has called on the future U.S. administration to prioritize regulatory clarity and foster innovation in the crypto sector as the 2024 presidential election approaches. In an open letter, on Wednesday, Oct. 24, the company, which owns MetaMask and Infura, addressed to the “next U.S. president” concerns over what it describes as a fragmented approach to crypto regulation in the United States, which it argues “leaves room for bad actors to proliferate.” “The industry’s commitment…

In a recent announcement, Binance revealed a new initiative that enables holders of Aragon tokens (ANT) to exchange their assets for Ethereum (ETH). This decision follows the Aragon Foundation’s recent policy adjustments aimed at providing liquidity options for ANT holders. The announcement was made public on October 24, outlining specific details of the exchange process. Contents hide 1 What is the Fixed Rate for the Exchange? 2 What Happens After the Deadline? What is the Fixed Rate for the Exchange? The Aragon Foundation has established a fixed exchange rate of 0.0025376 ETH for each ANT token. This rate provides a…

A trader who nailed the May 2021 Bitcoin collapse says BTC may be gearing up to ignite explosive price action as soon as next month. Pseudonymous analyst Dave the Wave shares with his 146,700 followers on the social media platform X a Bitcoin chart suggesting that BTC could start taking out resistance levels as early as October 1st, 2024. The analyst’s chart also suggests that Bitcoin appears to be trading in a triangle pattern while consolidating in a wide range. “BTC 4th quarter fireworks?” Source: Dave the Wave/X The analyst adds that Bitcoin is likely to trade above its recent…

The leading exchange by market cap, Binance, has revealed its support for hard forks and upgrades on the VITE (VITE) and Harmony (ONE) networks. Binance Will Support the Harmony (ONE) and VITE (VITE) Network Upgrades & Hard Forks 6:25 AM · Oct 24, 2024 The trading firm will handle all technical undertakings to guarantee a smooth user experience. Binance will temporarily halt ONE and VITE deposits and withdrawals during the enhancements while trading remains unaffected. Notably, Harmony’s upgrade will happen at 64,847,872 block height, predicted for 31 October (13:00 UTC). The exchange will suspend deposits and withdrawals an hour earlier…

U.S.-traded spot bitcoin ETFs saw $1.2 billion in outflows between Aug. 27 and Sept. 6. This marked the longest streak of outflows since the launch of the funds, but it signals nothing but healthy growth, an expert said. The recent plunge in the price of bitcoin (BTC) was accompanied by a sizable amount of net outflows from the 12 U.S. spot exchange-traded funds (ETFs). While on its face, that might appear worrisome, it’s more likely a sign of healthy growth. “This is going to be two steps forward, one step back,” Eric Balchunas, senior ETF analyst at Bloomberg, said. “That’s…