Author: NBTC

Polygon, as a blockchain, has emerged as one of the most preferred and trusted partners in the market. It has carved a niche among developers and users who look to leverage solutions at the most economical cost. Suffice it to say, it extends to the convenience of network technology and the strength of the community—ultimately building the ecosystem to the best of its capability. Polygon PoS houses more than 400 million unique addresses and assets worth more than $2 billion that are bridged from Ethereum. The availability of tens of thousands of dApps is another fundamental feature. What comes as…

A Nigerian court has adjourned the trial of Binance executive Tigran Gambaryan, who is currently detained in Nigeria. The trial was delayed today (Friday) after Gambaryan, a US citizen and Head of Financial Crime Compliance at Binance, could not attend due to illness. He has been held in Nigeria since February and faces charges of laundering over $35 million, which both he and Binance deny. Richard Teng, CEO of Binance Judge Emeka Nwite of the Federal High Court in Abuja postponed the trial to October 25 to allow Gambaryan to receive medical treatment. Last week, Judge Nwite denied Gambaryan’s request…

Alchemy Pay, a leading fiat-crypto payment gateway, has entered into a strategic partnership with the CKB Eco Fund. This collaboration allows users to directly purchase CKByte ($CKB), the first fully BTC-isomorphic Layer 2 (L2) protocol, using a variety of fiat payment methods via Alchemy Pay’s fiat-on-ramp solution. The partnership aims to make $CKB more accessible by offering a seamless, compliant purchasing process. Excited to partner with @CKBEcoFund! 🎉With #Alchemy Pay’s on-ramp, users can now seamlessly purchase $CKB, the first fully BTC-isomorphic L2 (PoW+UTXO), using Visa, MasterCard, mobile wallets, and more.Try now: https://t.co/XHuOHdn3UWhttps://t.co/EbjU4czRY6 pic.twitter.com/pB1Amtwfus — Alchemy Pay|$ACH: Fiat-Crypto Payment Gateway (@AlchemyPay)…

Imagine you own an investment property: a valuable asset that’s just sitting there. One day you list your property on Airbnb, so you can earn additional income. You still own the property, but now it’s working for you, earning money while you sleep – by giving guests a place to sleep. Coinbase Wrapped Bitcoin (cbBTC) is like that investment property. If you’ve already invested in bitcoin (your long-term “investment property”), you can convert it to a form that’s compatible with Ethereum (like converting to a rental property). This lets you use your bitcoin in new ways to earn additional income.…

Dogecoin founder Shibetoshi Nakamoto has called on the Securities and Exchange Commission (SEC) boss Gary Gensler to declare that DOGE is not a security. In a tweet on Thursday, Nakamoto (also Billy Markus) stated that Bitcoin’s exemption as a security should nullify claims that Dogecoin is one. He based his assertion on the premise that Dogecoin was primarily built with the same code as the largest cryptocurrency by market cap. Notably, the Dogecoin founder made the comment in response to a report by Gensler stating that Bitcoin is not a security. Dogecoin’s Relationship with Bitcoin Billy Markus and Jackson Palmer…

Feds have hit an Olympic snowboarder with criminal charges for his alleged role in a cocaine trafficking gang, which used the stablecoin Tether (USDT) as a key part of its billion-dollar operation. A U.S. Department of Justice (DOJ) indictment filed Thursday alleged that former pro snowboarder Ryan James Wedding and 15 other defendants ran a drug-trafficking syndicate, shipping cocaine from Colombia through Mexico and into the United States and Canada. The crime gang committed multiple murders as part of their operation, U.S. authorities alleged—and used crypto to try and evade the cops. “Defendant Bonilla would tender payment to defendants Wedding…

Global cryptocurrency exchange Binance has announced that it will close Scroll (SCR) Pre-Market trading on October 21, 2024 at 12:00 AM UTC and officially list the token for spot trading on October 22, 2024 at 11:00 AM UTC. Binance to End Scroll (SCR) Pre-Market and Launch Full Listing with New Trading Pairs New Spot Trading Pairs for SCR The following trading pairs will be introduced: SCR/BTC SCR/USDT SCR/FDUSD SCR/TRY The deposit address for SCR is now available, allowing users to begin depositing tokens in preparation for trading from 13:00 on October 21st. Withdrawals will open at 11:00 on October 23rd,…

The Monochrome Bitcoin ETF ($IBTC) has seen a steady increase in assets, growing from 123 Bitcoins (AUD 11.4 million) on August 27th to 138 Bitcoins (AUD 12 million) by September 12th, 2024. Monochrome Bitcoin ETF (Ticker: $IBTC) AUM as of 12/09/24 pic.twitter.com/M8nz3hphBl — Monochrome (@MonochromeAsset) September 13, 2024 This growth in Bitcoin holdings reflects strong investor interest and confidence in the ETF. The ETF’s Assets Under Management (AUM) fluctuated during this period, mainly due to Bitcoin’s price swings. The most significant single-day AUM increase was on September 3rd, jumping to AUD 11,732,261.45 alongside a rise in Bitcoin holdings from 126…

DWF Labs, a major Web3 and digital asset market player, has introduced options trading to its platform. This expansion addresses the growing need for advanced risk management tools in the digital asset space, marking a pivotal addition to the firm’s range of offerings. The new feature supports both standard and tailored options contracts. This approach accommodates various trading needs by simplifying options for market participants, from retail traders to large institutions. This expansion also concerns the increasing need for solutions to help traders mitigate the risks and improve portfolio management. Introducing option trading is expected to enhance position management for…

The price of Bitcoin soared back above the make-it-or-break-it $60,000 level earlier this Friday, peaking at $60,018 on the Bitstamp exchange. The current month has now turned green with a modest 1.48% gain. This is despite the fact that September is Bitcoin’s worst-performing month, with only three years in the green since 2013. In 2023, for instance, the flagship cryptocurrency lost as much as 11.29% during September. If bulls continue to hold their ground, this could end up bucking the persistent trend. Bitcoin’s recent price spike was likely driven by new developments on the macro front. Market participants are now…