Author: NBTC

Over 135 traditional financial institutions are providing crypto banking support as blockchain assets have recently experienced rapid adoption and mainstream press. According to a joint report from Finery Markets and Coincub, analysts noticed a sharp increase in rails between banks and digital assets, with more money houses tapping decentralized finance utility. The phenomenon was spotted in regions worldwide, but Europe dominated the sector. At the end of this year’s first quarter, more than 63 institutions across European markets offered crypto banking services. Europe has become a world leader in blockchain oversight by introducing its Markets in Crypto Assets Regulation (MiCA)…

According to on-chain analytics firm Lookonchain, an Ethereum whale who accumulated a substantial amount of ETH at the market bottom in September 2022 has made a notable deposit of 5,000 ETH to popular cryptocurrency exchange Kraken. Back in September 2022, when the Ethereum network transitioned to a proof-of-stake consensus, the whale took advantage of the opportunity to buy ETH at what was considered the market bottom. The timing seemed right as the price of Ethereum was nearly $1,567 per ETH, totaling a value of $151.42 million for the bulk purchase. According to Lookonchain, the ETH whale withdrew 96,638 ETH worth…

Upbit, South Korea’s largest cryptocurrency exchange, reported unusual trading volumes in several altcoins. The altcoins in question include Decentraland (MANA), Chiliz (CHZ), Ardor (ARDR), STP (STPT) and Solar (SXP). Here are the details. On the 1-hour chart, Decentraland (MANA) showed a significant increase in trading volume. While the average 50 1-hour volume was $246,000, the last recorded volume was a staggering nearly $1.5 million. This represents a percentage change of 560.27%. On Binance, the change was more modest, with average volume increasing by 8.51%, from $559,000 to $607,000. Chiliz (CHZ) also experienced an increase in trading volume on the 4-hour…

Former Securities and Exchange Commission (SEC) litigator Linda Steward recently predicted that the Ripple case could go all the way to the Supreme Court in order to determine what makes a crypto asset a security, Fortune reports. Steward, who was recently debating some blockchain lawyers at a Columbia Business School event, said that the agency views the sales and offers of tokens as securities, but this does not apply to the underlying asset. As reported by U.Today, Garlinghouse previously said that he was ready to take the fight over XRP to the Supreme Court. “We are in it till the…

Polyhedra Network, the team behind the zero-knowledge (ZK) interoperability solution zkBridge, is teaming up with Google Cloud to expand adoption of ZK technologies across both Web3 and Web2. According to details the Polyhedra team shared in a press release, Google Cloud will help bring Polyhedra’s Proof Cloud to more users. Proof Cloud is a cloud-based service that allows developers to leverage zero-knowledge (zk) proofs at scale. Making ZK proofs accessible to more users The partnership is set to boost the ZK-as-a-service space, with Polyhedra users leveraging Google Cloud’s highly optimized infrastructure to get improved performance and reliability. Polyhedra eyes this…

Ripple president Monica Long has cast a spotlight on the growing influence of cryptocurrency in Latin America, with Brazil rapidly emerging as a key crypto hub. Ripple’s president highlighted Brazil’s growing prominence on the crypto landscape, citing the country’s TradFi engagement, proactive regulatory approach and growing developer community. One of the key drivers behind Brazil’s rise as a crypto hub is the country’s forward-thinking regulatory framework, which has provided clarity and legal certainty for crypto businesses operating within its borders. In recent years, Brazil has taken major steps to regulate and embrace cryptocurrencies, recognizing their potential to drive financial inclusion…

Blockchain analytics firm Spot On Chain reported on X (formerly Twitter) that Celsius Network, the cryptocurrency lending platform, recently transferred 8,091 Ethereum (ETH) tokens worth approximately $24.5 million to Coinbase. This transaction, which took place at an average price of $3,022 per ETH, marks the largest Ethereum deposit made by Celsius Network in the last three months. Spot On Chain also highlighted earlier transactions by Celsius Network. From Nov. 13, 2023, to Jan. 31, 2024, the company moved a staggering 847,626 ETH, equivalent to around $1.90 billion, to various centralized exchanges. These transfers were reportedly conducted for over-the-counter (OTC) deals.…

The famous decentralized autonomous organization Arbitrum has recently collaborated with oSnap. As included in this endeavor, Arbitrum will integrate with oSnap and distribute nearly 45M ARB tokens to protocols in the Long-Term Incentives Pilot Program. The company disclosed this in its latest blog post. The @arbitrum DAO has integrated oSnap to distribute the Long-Term Incentives Pilot Program.They will use oSnap to distribute up to 45M $ARB, one of the biggest incentives programs in history. oSnap will be used alongside other governance tools @hedgeyfinance and @tallyxyz. pic.twitter.com/h2LxZPkxjK — UMA 🥚 (@UMAprotocol) April 9, 2024 Arbitrum DAO’s Integration with oSnap Fuels an…

NEW YORK — Crypto trader Avi Eisenberg’s fate now rests in the hands of 12 New York jurors, who have been tasked with deciding whether his October 2022 trades on Mango Markets – which netted him $110 million – were fair game or fraud. On Wednesday, the jury heard closing arguments in the government’s case against Eisenberg, who was arrested in Puerto Rico in December 2022 and charged with commodities fraud, commodities manipulation and wire fraud in connection with his Mango Markets exploit two months earlier. Eisenberg, 28, was clad in a dark gray suit. His mother and two other…

Ernst & Young revealed an enterprise contract management service that would let clients put contracts on a public blockchain while keeping business information private through zero-knowledge circuits. The firm markets its OpsChain Contract Manager as running on Ethereum, although it currently runs on Polygon proof-of-stake (PoS). The accounting firm — one of the “big four” alongside Deloitte, KPMG, and PwC — has been toying with business implications for zk proofs since at least 2018. The announcement may show another concrete step toward the institutional use of public blockchains, a month after asset management giant BlackRock launched a tokenized fund on…