Author: NBTC

Craig Wright appears to be acting as his own legal representation in a newly filed lawsuit against Bitcoin Core and Jack Dorsey’s Square. As pointed out by Bitmex Research, a UK High Court case tracker shows that Wright filed the lawsuit on October 10 as a ‘litigant in person.’ This would indicate that he is likely filing the lawsuit himself without representation from a solicitor or barrister. Read more: Did Craig Wright file his latest COPA appeal from China? While the lawsuit specifically names Bitcoin Core — the software used to distribute bitcoin — and Square Up Europe Ltd. —…

Alchemy Pay has announced its latest integration with BNB Chain, allowing users to pay with $BNB for real-world services such as renting power banks and recharging phones. This news was shared on Alchemy Pay’s official X (formerly Twitter) account. The integration brings cryptocurrencies into everyday scenarios. It showcases how digital assets like BNB can enhance daily life by enabling practical transactions. Integrating with @BNBCHAIN, #AlchemyPay now enables users to rent power banks and recharge phones using $BNB! 🔋This expansion brings #cryptopayments to everyday scenarios, highlighting the versatility of $BNB and other digital assets. Flexible crypto payments start now!⚡️ pic.twitter.com/Eaehni9Mmk —…

Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost. Looking at trends may signal that more users are flowing to Injective, a net positive for INJ in the coming sessions. Injective Generates More Revenue Than The BNB Chain, Avalanche According to CryptoRank data, Injective Protocol generated $4 million in revenue derived from gas fees.…

Bitcoin has jumped in price following the Federal Reserve’s decision yesterday to cut interest rates—and traders who shorted the are being wiped out in a growing wave of liquidations. The biggest digital coin’s price is now sitting at $63,199 per coin after jumping more than 6% in 24 hours, CoinGecko shows. In the past day, over $154 million in short positions have been liquidated across all cryptocurrencies, CoinGlass data shows. Of that figure, nearly $74 million were Bitcoin positions. Short positions are held by traders who bet the price of an asset going down in the future. If a short…

There has been a noticeable rise in blockchain applications that do not follow the Ethereum Virtual Machine (EVM) standard. These decentralized applications (DApps) leverage the unique features of non-EVM blockchains to achieve their goals. Data from DeFiLlama, a dashboard that tracks decentralized finance (DeFi) solutions, reveals that Solana holds over 48% of the total value locked (TVL) in non-EVM blockchains. Other blockchain protocols like Sui, Aptos, Cardano, and Near Protocol, which don’t rely on Ethereum’s EVM, are also seeing strong growth in the number of DApps built on their platforms. What are Non-EVM Blockchains? For context, non-EVM blockchains are decentralized…

The Chinese government has allegedly begun liquidating a significant portion of Ethereum (ETH) seized from the infamous PlusToken pyramid scheme, contributing to the recent declines in the cryptocurrency market. In early August, on-chain movement of ETH linked to the case resurfaced for the first time since 2021, with around 7,000 ETH of the remaining 542,000 ETH (worth $1.3 billion) sent to exchanges in the past 24 hours, signaling the start of the asset sell-off. For context, PlusToken was a multi-billion dollar cryptocurrency pyramid scheme that began in early 2018 and operated until June 2019, when Chinese authorities arrested its masterminds.…

Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity. According to data from SoSoValue, the 12 spot Bitcoin ETFs registered outflows totaling $120.76 million on Oct. 10, a notable jump from the previous day’s outflows of $40.56 million. Fidelity’s FBTC ETF led the wave of Bitcoin ETF outflows, with $149.5 million exiting the fund after a day of zero net flows. Other major funds followed suit, including ARK and 21Shares’ ARKB with $30.30 million in outflows and…

Ripple’s chief legal counsel Stuart Alderoty has reacted to Ripple’s recent win, this time in crypto regulation. In a significant milestone, Ripple has received in-principle approval of a financial services license from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone significantly expands Ripple’s global footprint as a regulated firm and allows for the launch of cross-border payment services, such as Ripple Payments Direct (RPD), in the United Arab Emirates (UAE). Commenting on the milestone, Alderoty highlighted Ripple’s growing global license portfolio, which is now over 55, reflecting its continued…

Hong Kong’s Securities and Futures Commission (SFC) is getting ready to issue new licenses for cryptocurrency exchanges and crypto-related companies this year. The announcement aligns with the SFC’s 2024 to 2026 goals, which include enhancing the landscape of Hong Kong’s capital market to strengthen global competitiveness and spearheading the transformation of Hong Kong’s financial market with technology and ESG, amongst other things. Leung Fengyi, CEO of China’s Securities Regulatory Commission, spoke about the efforts to improve the Virtual Asset Trading Platform (VATP). He noted that the SFC has already issued licenses to three crypto exchanges: OSL Exchange, HashKey Exchange, and…

Ethereum(ETH) has now gone truly mainstream, as Google Search integrates ENS domain name balance display. With the latest development, one can search for ENS domain names in Google Search and can view ETH balances, citing Etherscan data. ➡️ You all asked for @ensdomains integration and it’s live🫡 You can search for any .eth name and get the balance right in Google Search! Kudos to the Search team for fully rolling this out! https://t.co/9R5QnsORC5 — nalin 🇺🇸 (@nalin) October 8, 2024 Web3 official at Google, Nalin added that Ethereum faucet for Sepolia and Holesky has also integrated with ENS domains, which…