Author: NBTC

TON announced plans to launch a synthetic Bitcoin tgBTC on the TON chain. tgBTC will maintain a 1:1 peg with the price of BTC. TON is down over 3% following the announcement. TON revealed its plan on Thursday to launch a synthetic Bitcoin token on its blockchain, allowing users to trade, stake, and earn yield using BTC. Following the announcement, TON is down over 3%. TON price is under pressure amid preparation to launch Teleport Bitcoin The Open Network (TON) announced the introduction of a new synthetic Bitcoin token, TON Teleport BTC, allowing users to bridge Bitcoin directly to the…

Tether is doing “the best we can” to crack down on illicit crypto use, CEO Paolo Ardoino told CoinDesk. USDT’s role in illicit finance is a “drop in the ocean” compared to the U.S. dollar’s, he added. The company “doesn’t expect any political favors by anyone,” he said of Howard Lutnick’s role in Donald Trump’s campaign. A WSJ report Friday said Tether is under U.S. criminal investigation, which the company denied. LUGANO, SWITZERLAND – As crypto colossus Tether comes under renewed scrutiny, CEO Paolo Ardoino told CoinDesk that the company respects international sanctions and works closely with law enforcement, but…

Eigen Layer brings new weekly programmatic rewards, which will inflate the circulating supply of EIGEN tokens by 4%. The incentives will be retroactive from August 15 and will be claimable from October 8 onward. Eigen Layer, the leading Ethereum re-staking protocol, is introducing another token incentive. The programmatic incentives will be rewarded to qualifying stakers and the operators they delegate with. Eigen Layer will work to align security services, strengthening partnerships between delegators and operators. The Programmatic Incentives will have a year-long horizon, with a target distribution of 66,945,866 EIGEN. The incentives will be equal to 4% of the total…

South Korea, through its Financial Services Commission (FSC), announced that the newly formed Virtual Asset Committee will hold its first meeting on November 6. As an advisory group, the committee will focus on the second phase of the country’s virtual asset legislation. The FSC tasked the newly formed committee with addressing corporate virtual asset accounts and the legalization of self-regulatory organizations. Other responsibilities of the group include protecting customer assets and preventing unfair transactions. Announcing the meeting on Wednesday, FSC Chair Kim Byoung-hwan confirmed the committee members’ appointment, noting the meeting would be crucial in determining how South Korea tackles…

During the recent Blockchain Week event, Binance announced a key appointment that is expected to enhance its product offerings. Jeff Li has been appointed as the Vice President of Product, where he will focus on expanding the exchange’s global product portfolio and spearheading innovative initiatives. Contents hide 1 What Experience Does Jeff Li Bring? 2 How Will This Appointment Impact Binance? What Experience Does Jeff Li Bring? Li brings with him over 16 years of expertise in both Web2 and Web3 technologies. His role at Binance will involve leading the product and design teams, aiming to further develop the company’s…

Digital asset bank Anchorage has taken a major step in expanding its institutional custody services into the Bitcoin layer-2 ecosystem through a partnership with Stacks. Stacks (STX) is a leading L2 solution on Bitcoin (BTC) that recently marked a huge milestone with its Nakamoto upgrade. This partnership makes Stacks the first platform to integrate Anchorage Digital Bank N.A., offering STX holders access to custody services. In an announcement on Sept. 4, Anchorage Digital announced that it had added crypto custody support for STX, marking its official entry into the Bitcoin L2 ecosystem. “Layer 2s like Stacks are advancing a new…

DeFi today is where the internet was in the 1990s, and DeFi has a lot to learn from its growth. DeFi and CeFi both have different roles to play, and the market needs both he argues. HONG KONG — Regulations and increasing demand for consolidated products could propel growth in the niche decentralized finance sector (DeFi), one that’s stuck in a market lull in the past year but could have its “internet” moment as retail offerings grow. That’s the view held by Charles D’Haussy, CEO of the dYdX foundation, which supports the development of the onchain perpetual trading protocol dYdX…

A new platform modeled after the degenerate Solana meme coin platform Pump.fun has the crypto community buzzing about the dawn of AI-managed hedge funds. In reality, humans are behind everything, including its first proof-of-concept: the purposefully misspelled ai16z fund endorsed by a real co-founder of a16z. Analogous to greenwashing adding a veneer of ecological responsibility to an organization’s public image, AI-washing is spraying crypto projects with superficial sophistication. Although AI-branded altcoins have proliferated for months, this month’s debut of AI crypto trading funds suggests the trend is far from over. Truth_Terminal kicked off this latest iteration of AI-washed marketing. Its…

WOMIO upholds multichain deployment for memecoins to increase their reach and success. The company offers tools to help creators build strong and lasting communities. WOMIO’s focus on real-world value aims to change how memecoins are created and used. WOMIO has commenced a platform that aims to reshape the memecoin economy by focussing on utility and community engagement. The space is set to stand out from others by supporting multichain spread while offering stake rewards to token holders. WOMIO’s approach encourages the creation of memecoins with practical uses like gaming and payments instead of relying only on speculation. Creating Memecoins with…

In New York today at 3pm, Nishad Singh entered a federal courtroom to hear a judge read his final sentencing for the crimes he committed at FTX. After considering statutory minimums, sentencing guidelines, and other documents filed relevant to the decision, judge Lewis Kaplan decided to administer a sentence of time served with three years of supervised release, according to reporting from InnerCityPress. For context, FTX’s former CEO Sam Bankman-Fried received a 300 month prison sentence. Former co-CEO of FTX Digital Markets Ryan Salame received a 90 month sentence. Caroline Ellison, CEO of Alameda Research which stole funds from FTX…