Author: NBTC

Bitcoin price recorded a slump of over 4% on Friday as selling pressure intensified in the market. BTC slipped from $65,000 levels straight to the $60,000 zone as the bankrupt crypto firm Genesis completes restructuring. Digital assets lender Genesis Global and its companies have completed bankruptcy reorganization and started distributing about $4 billion in crypto and cash to creditors. This includes payments made to Ether (ETH) and Solana (SOL) creditors. Genesis distributes $4B in Bitcoin, ETH and more Genesis announced the commencement of repayment by distributing $4 billion to creditors and mentioned that the plan does not seek to cap…

Limitless Network, a fledgling entrant to the booming prediction market business, raised $3 million in a pre-seed round led by early stage venture fund 1confirmation. Paper Ventures, Collider and Public Works participated in the round, said CJ Hetherington, co-founder and CEO of Limitless Labs, the company building the market on top of Base, the layer-2 blockchain network created by crypto exchange Coinbase (COIN). The raise comes at a time when election betting, particularly the kind denominated in cryptocurrency, is all the rage, led by Polymarket, which has amassed nearly $1 billion of wagers on the outcome of the U.S. presidential…

TL;DR:The IOTA Foundation has successfully completed the final phase of the European Blockchain Pre-Commercial Procurement. Alongside our fellow finalists Chromaway and Billon, we’ve developed pre-commercial products for Intellectual Property Rights Management and Digital Product Passports, demonstrating scalability and sustainability. We are now in conversations with commercial partners to further support and drive this important European initiative in its new governance form as EUROPEUM-EDIC. We’re thrilled to announce that IOTA has successfully completed the third and final phase of the European Blockchain Pre-Commercial Procurement (PCP). In 2021, we were selected as one of seven projects from 30+ applications to participate in…

Bitcoin’s (BTC) attempt at a modest rally during US trading hours on Friday was swiftly quashed. The largest cryptocurrency experienced a sharp drop, falling from $65,000 to below $62,000. This sudden decline triggered a wave of liquidations, erasing $290 million in both long and short positions over the past 24 hours. Bitcoin Sinks Below $61,000 The recovery rally ahead of the FOMC meeting and positive July CPI data fostered a bullish sentiment. However, the long-anticipated rate cut was delayed, with the next possible decision in September. Consequently, the excitement in the crypto market subsided quickly, leading to a bearish turn…

OMFIF also found that 65% of its respondents believed that bonds were the most likely to be tokenized. Countries have been describing blockchain and tokenization as the future; experiments have been conducted by the U.K. and Bank for International Settlements. According to a survey done by the Official Monetary and Financial Institutions Forum (OMFIF) most respondents believe that a substantial level of tokenization will arrive in three plus years. The survey consisted of a range of market participants and “92% believe that financial markets will experience a substantial degree of tokenization at some point, although all said that it is…

Tron (TRX), the layer-1 network, has shocked the broader cryptocurrency market with its record USDT transaction outlook. An update from Arkham Intelligence on X shows that a staggering $1 billion worth of USDT has been minted on the Tron blockchain. Zero fees: Tron’s game-changing advantage This astonishing figure comes with a catch: it attracted zero fees. This remarkable feature of TRX explains its preference by users on the network. In comparison to other blockchains like Cardano, Solana, Ethereum and XRP, the blockchain has won over many users because of its cheaper USDT transaction rate. Besides, Tron has a massive stablecoin…

FSL and Mythos Foundation have joined forces in a partnership dealing with esports and Web3 gaming projects. FSL, the platform that created STEPN GO and STEPN, has an intention to incorporate Mythos Chain onto its MOOAR and FSLID as well as Mythical on interoperable and co-branded assets to link the FSL and Mythos communities. This endeavor will reportedly unlock improved user experiences. FSL and Mythos Foundation Start an Exclusive Collaboration The initiative targets the promotion and decentralization of esports and Web3 projects as a collaborator entity. It also intends to fortify the relationship between FSL and Mythos Foundation. The partnership…

In a recent analysis, BRN analyst Valentin Fournier suggested that Bitcoin could revisit the $62,500 support level in the near future. Fournier noted that the market appears to be in an accumulation phase and no significant directional movement is expected at this time. “We believe the market is currently in an accumulation phase and will potentially retest the $62,500 support in the near future,” Fournier said. “Since no major move is expected, we recommend reducing exposure.” Looking forward, Fournier hinted at a more optimistic medium-term outlook. He suggested that as Bitcoin accumulates liquidity, BTC could surpass the $70,000 resistance level.…

Anemoy, a tokenized securities issuer powered by on-chain finance platform Centrifuge, has partnered with Archax to bring their Liquid Treasury Fund to the platform. Centrifuge, Anemoy and Archax are partnering to expand access to new investment opportunities in the tokenized real-world assets market. Per a press release shared with crypto.news, the partnership will allow London-based Archax to offer its users direct access to the U.S. Treasury bills via Anemoy’s liquid treasury fund. Liquid funds relate to investments that one can easily liquidate for cash, and includes short-term treasury bills. The partnership looks to tap into Anemoy’s web3 infrastructure, Centrifuge’s growing…

In a significant development for the Cardano ecosystem, Cardano has welcomed the release of a major wallet update just ahead of the highly anticipated Chang hard fork. This wallet release marks a crucial step as Cardano prepares for one of its most transformative upgrades. The latest wallet update introduces the feature required for the much-anticipated Chang upgrade. In a recent tweet, Cardano developer Input Output Global (IOG) announced that Daedalus version 6.0.0 has been released for mainnet, pre-prod and preview. Daedalus 6.0.0 is a mainnet release required to cross the upcoming Chang hard fork and operate in the Conway era,…