Author: NBTC
Bitlayer has announced a partnership with Polyhedra, calling it groundbreaking as it enables both of them to set a new standard for Bitcoin L2 solutions. The objective of the partnership is to create a superior Bitcoin layer solution by utilizing Polyhedra’s innovative ZK proof method. More information about the partnership is expected to be rolled out in the coming days. Polyhedra Network has confirmed the announcement by expressing their excitement about the partnership. The team has stated that it is looking forward to working with the first Bitcoin security-equivalent L1 based on BitEVM. The Network has also said that they…
The broader crypto ecosystem is anxious to discover whether or not the United States Securities and Exchange Commission (SEC) will greenlight spot Ethereum Exchange Traded Fund (ETF) products, considering barely a month remains to the final deadline of VanEck’s application. As noted by Bloomberg ETF Analyst Eric Balchunas, the approval odds have now dropped to a “pessimistic 25%.” No applicant-SEC communication According to the market analyst, the communication between the SEC and prospective applicants has been largely nonexistent. Pointing out the lack of engagement and purposeful procrastination, Eric Balchunas noted that the signs are not good. He said there is…
David Schwartz, the Ripple CTO, recently debunked claims Ripple was looking to conceal its sales of XRP from the public, stressing they could easily do that on exchanges if they wanted. Schwartz disclosed this while speaking on X amid discussions surrounding the state of the XRP Ledger. Notably, a community member blamed Ripple for allowing the XRP Ledger to metamorphose into an ecosystem with no financial or on-chain support for infrastructure providers. These comments came on the back of plans from XPUNKS, an XRPL-based NFT project, to pivot to the Solana blockchain. The team behind the Onledger project supported the…
A British computer expert, who inadvertently misplaced a hard drive containing 7,500 bitcoins, has initiated a legal action to compel the Newport City Council to permit him to search through the landfill where the storage device is believed to be buried. Anticipating a further increase in the value of the cryptocurrency, the expert said he only wants to be given the chance to find the lost coins. Hedge Fund Investors Support Howells James Howells, a British computer expert whose ex-partner accidentally discarded a drive containing 7,500 bitcoins (BTC), has initiated a legal action to compel Newport City Council to permit…
Illuvium Labs, the gaming studio behind the anticipated blockchain gaming universe Illuvium, announced this week that it has raised $12 million in Series A funding as it gears up for the launch of its interconnected game titles in Q2 2024. The fresh capital injection was co-led by King River Capital, Arrington Capital, Animoca Brands, and The Spartan Group, with participation by investors including Arca, Polygon Ventures, 32-Bit Ventures, and Yield Guild Games. The Illuvium gaming universe spans three core game experiences: monster-battler Illuvium Arena, open-world action/adventure game Illuvium Overworld, and base-building game Illuvium Zero. They’re collectively built around interoperable assets…
Have you ever wondered what a marriage between AI, Web3, and Cloud computing would look like? Well, wonder no more. Ankr is set to show the crypto community what this experience would look like with their Neura blockchain launch. In a press release shared with Cryptopolitan, it’s clear that the new tool available to the crypto community will revolutionize modern technology as we know it. Ankr’s Neura blockchain – all you need to know Ankr, a leading blockchain infrastructure provider, is set to launch Neura, a groundbreaking blockchain platform designed to transform several sectors, including AI, Cloud Computing, and Web3.…
The co-founder of the BitMEX crypto derivatives exchange Arthur Hayes is offering his prediction on Ethereum (ETH) less than three months after the approval and subsequent listing of spot Bitcoin (BTC) exchange-traded funds (ETFs). In a new The Wolf of All Streets interview, Hayes says he expects demand for Ethereum to pick up, especially if the U.S. Securities and Exchange Commission (SEC) greenlights applications for spot ETH ETFs. “I think ETH is going to catch a really big bid, especially if these ETFs are going to pass. And why do I think the ETFs on ETH and Solana and all…
An Arbitrum token holder has unveiled a new grant proposal to take over the renowned r/Cryptocurrency subreddit, which would cost the community nearly $788,000. An Arbitrum community memeber MeLLoN98 started a grant proposal to secure 450,000 ARB (around $788,000 as of press time) in funding to acquire the r/Cryptocurrency subreddit and culminating in the acquisition of MOONs, the subreddit’s native governance token deployed by Reddit in 2022 on Arbitrum Nova. In a forum post, MeLLoN98 outlined a plan starting with advertising initiatives on the subreddit, emphasizing that r/Cryptocurrency has been “the biggest crypto community since 2013.” “[…] this proposal allow…
The U.S. Securities and Exchange Commission has requested various forms of relief, including injunctive relief, disgorgement of profits, and civil penalties. They argue that such actions are necessary to deter Ripple and others from similar violations in the future. Moreover, this would compensate for the harm caused to investors and the markets. “To deter Ripple and others from additional violations of the securities laws, to deprive Ripple of its ill-gotten gains, and in recognition of the harm caused to the markets, the SEC asks this Court to issue a final judgment providing for the relief set forth above and herein,”…
Today, a freelance developer focused on Bitcoin and the Lightning Network, Super Testnet, unveiled his latest invention, Hedgehog, a protocol for asynchronous layer two bitcoin payments. “This is a protocol similar to the Lightning Network,” Super Testnet stated. “And that it is a layer 2 for Bitcoin payments, only in this one, unlike the Lightning Network, the two parties don’t have to both be online, it’s asynchronous. One party can send the other money then they’re offline.” One of the features of Hedgehog channels is its simplicity compared to lightning channels, according to the project’s Github. State updates in Hedgehog…