Author: NBTC

Ripple advances RLUSD beta testing on Ethereum and the XRP Ledger (XRPL) with more tokens issued. Ripple has continued to advance the beta testing of its proprietary Ripple USD (RLUSD), its upcoming stablecoin, on both the Ethereum network and the XRP Ledger (XRPL). Particularly, on September 24, Ripple issued 485 RLUSD tokens at 12:28 AM UTC, marking the largest release during the stablecoin’s testing phase. This recent issuance has increased RLUSD’s maximum total supply to 563 tokens. Indeed the biggest mint of #RLUSD on XRPL and ETH so far. Yes token issuance is just a payment 😮 https://t.co/6O12YM0vLM pic.twitter.com/9jNz4F2u6E —…

Core Scientific is expanding its AI deal with CoreWeave. Russell Cann, Core Scientific’s chief development officer, talked to CoinDesk about the particulars of the bitcoin miner’s multi-billion dollar infrastructure agreement with CoreWeave. AI fleets and bitcoin mining operations have very different requirements, Cann said, with AI clusters being much more capital intensive. Bitcoin miner Core Scientific (CORZ) revealed a deal on Tuesday to help cloud-computing firm CoreWeave expand its artificial intelligence capabilities. It’s easy to think that Core Scientific is simply jumping on the AI bandwagon with this agreement (which it hopes will generate $8.6 billion in revenue over 12…

The Buenos Aires government has incorporated zero-knowledge proofs into its app for accessing city services. ZK proofs allow users to prove something is true about a set of data without revealing that data, e.g. that they are of a certain age without giving their birthdate. The technology is being tested in other jurisdictions, including Uruguay. The city of Buenos Aires has launched a digital identity service designed to strengthen residents’ privacy using zero-knowledge proofs, a type of cryptography that long predates but often bolsters cryptocurrencies. The service, QuarkID, has been integrated into miBA, the city’s seven-year-old app for accessing municipal…

Former President Donald Trump and Vice President Kamala Harris faced off in their first presidential debate tonight. Both candidates arrived with well-prepared agendas, but Bitcoin enthusiasts were disappointed as neither addressed cryptocurrency reforms. The debate focused on issues like climate change, abortion rights, international conflicts, and economic reforms. Harris repeatedly stressed her plans for addressing the country’s challenges, presenting herself as a champion of the middle class. Meanwhile, Trump dismissed her claims, offering counterarguments that fell short of making a significant impact. Cryptocurrency and Bitcoin was absent from the discussion. This comes on the heels of Trump’s recent appearance at…

Ondo Finance joins MakerDAO’s Spark Tokenization Grand Prix, proposing OUSG and USDY for $1B in tokenized assets. OUSG and USDY offer innovative on-chain investment opportunities, with growing demand across multiple blockchains. In a tweet, Ondo Finance has announced its participation in the Sky Ecosystem’s Spark Tokenization Grand Prix, strengthening its position as a pioneer in on-chain financial assets. Ondo Finance has submitted bids to the Grand Prix for two of its flagship products—OUSG and USDY—with a combined Total Value Locked (TVL) of more than $600 million, with the goal of onboarding $1 billion in tokenized financial assets. This move emphasizes…

The BRICS summit in Kazan, Russia, raised the issue of international sanctions and capital controls. Bitcoin (BTC) mining was raised as potentially bypassing the sanctions. BRICS may bring back dominance in Bitcoin (BTC) mining and use the valuable coins as betting chips for international finance. The formation of a BRICS group as an alternative to Western economic regions raises the question of sanctions and cross-border capital controls, which are often circumvented with crypto usage. If BRICS countries manage to mine Bitcoin, they could find buyers and bypass some of the sanctions, experts suggested. This time around, BRICS countries may not…

Tokenized investment platform Elmnts has launched on Solana, aiming to make it easier for traders to invest in a range of funds backed by mineral rights royalties. Mineral rights royalties are a form of passive income generated by companies that extract resources such as oil or gas from fund-owned properties. Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion. Qualified retail and institutional investors can browse tokenized mineral rights-based funds, invest in them and review their portfolio’s performance directly on the platform, Elmnts said Tuesday in a statement. The company said funds on…

Bitcoin price started a decent increase above the $56,500 resistance. BTC is now struggling to clear the $58,000 resistance and is consolidating gains. Bitcoin is attempting a fresh increase from the $52,500 support zone. The price is trading above $56,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $56,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain pace if it clears the $58,000 and $58,200 resistance levels in the near term. Bitcoin Price Faces Resistance Bitcoin price started a decent increase after…

XRP community figure Anderson shares a vital document from the SEC v. Ripple lawsuit, showing that the regulator recognizes speculation’s role in driving XRP utility. According to Anderson, the SEC understands that speculative trading and speculators are essential in starting up XRP “flywheel,” which enables the token to be integrated into Ripple’s products. How Speculation Drives XRP Utility and Price Notably, Anderson attached a document from the Ripple lawsuit to corroborate his claim. Per the document, the SEC cited an email Ripple CEO Brad Garlinghouse sent to board members on April 9, 2017. Per the SEC, Garlinghouse told Ripple’s board…

A new star in the world of blockchain-based systems, CoreDAO, the bridge between Ethereum and Bitcoin, increased the number of active users by 64% within a month. By October 21, 2024, CoreDAO had over 308,000 active users, which shows that more people are beginning to see some value in the platform. Also, the level of activity of platform transactions has increased by 21%, equal to 868000. .@Coredao_Org, a blockchain ecosystem bridging Ethereum and Bitcoin, saw a 64% rise in active users, now surpassing 308K, and a 21% increase in transactions, reaching 868K.Its dApp volume also surged 43%, reaching $119M in…