Author: NBTC

General Updates Secur3 unveiled the findings of a recent Neo X EVM sidechain audit. The most notable issues found in the audit included confusion about token registration and deregistration, accounting for fees on transfer tokens, and hashing issues. The Neo team addressed these issues by disallowing the deregistration of token bridges and introducing a balance check before and after transfers. Neo is a Platinum Sponsor for the WebX 2024 conference taking place in Tokyo, Japan, Aug. 28 and 29. WebX 2024 is produced by CoinPost, Japan’s largest Web3 media entity. WebX 2023 attracted approximately 16,500 attendees from more than 40…

eToro announced today (Thursday) it has agreed to acquire Australian investing app Spaceship in a deal valued at up to AUD 80 million ($55 million). The acquisition aims to bolster eToro’s presence in Australia while expanding its long-term savings offerings globally. Spaceship, founded in 2017, has amassed over 200,000 clients and manages more than AUD 1.5 billion AUD ($1 billion) in assets through its superannuation funds and managed investment portfolios. Yoni Asia, the CEO of eToro “Spaceship and eToro share the goal of making investing accessible for everyone,” said Yoni Assia, CEO and co-founder of eToro. “We are expanding our…

In a remarkable turn of events, a dormant Bitcoin whale has awakened after being asleep for over a decade amid witnessing a return of over 541,265%. Prominent market tracker Whale Alert called attention to this development in a recent post on X. According to the update, the Bitcoin wallet “1Ny6Ry…PHv8C,” which held 37 BTC tokens, was reactivated today after being dormant for 11.8 years. Whale Awaken to $2.57 Million Profit The report highlighted that back in 2012, the 37 BTC tokens were valued at just $476, with Bitcoin priced around $12 per coin. Fast-forward to today, and this portfolio has…

CryptoQuant’s data on September 24 revealed that the public Bitcoin miners Core Scientific had an increase of 248% in YTD (year-to-date) returns. The data showed that Core Scientific was far ahead of the other two publicly traded Bitcoin miners, TeraWulf Inc. (WULF) and Iris Energy Limited (IREN). The competing firms recorded increases in returns of 96% and 10%, respectively. Core Scientific reported on September 23 that it earned 12.3 self-mined BTC in 24 hours (starting September 22), 253.7 self-mined BTC month-to-date, 5,528 self-mined BTC year-to-date, and 38,079 self-mined BTC since January 2020. According to the founder and CEO of CryptoQuant,…

Onchain detective ZachXBT has identified a major Wrapped Bitcoin (WBTC) whale as a suspicious entity involved in ransomware and pig-butchering schemes. Pig butchering scams can be described as a type of long-term fraud and investment scam in which the victim is gradually tricked into making increasing contributions, usually in the form of cryptocurrency, to a fraudulent cryptocurrency scheme. He explained this information by detailing the whale’s asset data on the X platform: The 0xed805ac246f441ea0d057b81d910ef1e39eb5995 wallet holds 1,253 WBTC, or approximately $73 million. Wallet 0x9a5c7630d327885ae849217702824e5835d3c5e0 holds 185 WBTC, approximately 10.8 million USD. This crypto whale is the largest holder of WBTC…

Bybit, recognized as the second-largest cryptocurrency exchange by trading volume, has announced the launch of its new HAMSTER Virtual Card. Its vibrant design and exclusive features aim to enhance everyday crypto transactions, available from September 24 to October 21, 2024. The publication of the card is timed to the issuance of the $HMSTR token on September 26th with references to “Hamstermania” while experience the ease of crypto. New HAMSTER Virtual Card Enhances User Experience on Bybit The idea of the HAMSTER Virtual Card is to incorporate security, usability and a flair. This one is for both experienced and new investors,…

Despite historical trends suggesting flat or negative returns for Bitcoin in August and September, experts are eyeing several factors that could trigger a significant price breakout. Key among these are potential shifts in the U.S. like interest rate policy, lower inflation, and the upcoming election season, according to a new report from 10X Research. Bitcoin (BTC) approached the $70,000 level for the first time since early June during early European trading hours. At the time of writing, the largest cryptocurrency market cap is trading up 3% at $69,430. It isn’t the only asset that’s starting the week with gains. Ethereum…

Following an exemption from an SEC staff accounting bulletin, BNY Mellon edged closer to Bitcoin and Ethereum custody. Bloomberg reported that BNY Mellon was poised to provide crypto custodial services for spot Bitcoin (BTC) and spot Ether (ETH) exchange-traded funds on Wall Street. According to the report, America’s oldest banking house moved closer to crypto ETF custody after a review by the Office of the Chief Accountant at the U.S. Securities and Exchange Commission. The review, which seemingly granted BNY Mellon a Staff Accounting Bulletin 121 (SAB 121) exemption, means the bank is not required to consider customer crypto as…

Bifrost, a leading liquid staking protocol on Polkadot (DOT) and Kusama (KSM), is introducing a new revenue-sharing model as part of its Bifrost 2.0 initiative, according to the latest information shared with Finbold on August 13. The new approach allows Bifrost token (BNC) holders to tap into the protocol’s sustainable earnings and revenue streams. Bolstering economic stability on Bifrost The shift to revenue-sharing tokenomics is expected to attract more long-term investors and engage stakeholders in the ongoing growth and development of the Bifrost ecosystem. Likewise, it aims to improve the protocol’s economic stability and resilience. Bifrost currently generates revenue from…

Prominent centralized bank SBI has announced a partnership with 21X for digital assets listing. Several banks have incorporated crypto and digital assets listing in the past months. In the last 24 hours, amid several news reports, the cryptocurrency sector witnessed the release of governmental institutions’ Bitcoin holdings data. The governmental reserves alone account for 2% of Bitcoin’s total supply. This indicates a widespread adoption of cryptocurrency in the global economy. Moreover, several banks have begun listing digital assets and allowing cryptocurrency transactions. Recently, the Singapore-based SBI DM, a subsidiary of Japan’s SBI, announced that it has partnered with a German…