Author: NBTC

Radiant Capital integrated Chainlink Price Feeds on the Base mainnet to enhance security in its markets. The integration provides high-quality, tamper-proof price data for assets like ETH/USD and USDC/USD. Radiant Capital, a leading omnichain money market platform, has announced its integration of Chainlink Price Feeds on the Base mainnet. This partnership is aimed at strengthening the security and stability of its markets by integrating Chainlink’s decentralized Oracle network, which is famous for providing correct and immutable price data. Radiant Capital’s initial integration includes a set of Chainlink Price Feeds, including ETH/USD, cbETH/USD, weETH/USD, wstETH/USD, RDNT/USD, USDC/USD, and ZRO/USD. The platform…

In the latest development in the Ripple-SEC lawsuit, Ripple has filed a letter requesting a stay of the monetary portion of the court’s judgment entered on Aug. 7, 2024. The monetary portion of the judgment is currently due to be paid on Sept. 6, and Ripple requested that the court act on the stay request before this date. In a Sept. 4 filing, Ripple proposed placing 111% of the judgment amount — roughly $139 million — into a bank account. The stay will last until 30 days “after the time to appeal expires or the resolution of any appeal.” According…

The defunct cryptocurrency exchange FTX is in the final stages of repaying its customers and creditors using stablecoins as initially planned. Earlier today, the address associated with the cryptocurrency exchange received 6.275 million USDT from OKX. The move by the current FTX officials comes a few days after the United States Securities and Exchange Commission (SEC) stated that it could oppose the proposal to distribute funds in stablecoins. The US SEC stated in a court filing last Friday that it “is not opining as to the legality, under the federal securities laws, of the transactions outlined in the Plan and…

With Bitcoin (BTC) seemingly regaining its bullish momentum, analysts indicate that if this trend continues over the coming weeks, the cryptocurrency could soon record another all-time high. This sentiment is echoed by a crypto analyst using the pseudonym Yoddha, who suggested in a post on X on August 9 that Bitcoin is poised to reach a record high of $81,000. According to Yoddha, Bitcoin’s price action has been nothing short of a rollercoaster over the past year. After reaching $65,000, the cryptocurrency experienced a sharp decline, dropping to a low of $49,000. Yoddha described this drop as a “liquidation hunt,”…

Mark Odayan, head of research at 2077 Research, asserts that Ethereum’s EIP-1559 should not be equated with the concept of “Ultrasound Money.” Odayan’s insights aim to clarify the transaction fee mechanism introduced by EIP-1559 and address widespread misunderstandings. Ethereum’s EIP-1559: Mark Odayan Calls for Rethinking ‘Ultrasound Money’ Links In a detailed analysis by 2077 Research, Mark Odayan emphasizes that Ethereum’s EIP-1559, a pivotal update to the network’s transaction fee mechanism, is often misunderstood. According to Odayan, misconceptions fueled by popular memes have overshadowed the actual design objectives of EIP-1559. The update, which adjusts how transaction fees are calculated and introduces…

VeChain’s VeBetterDAO has reached over 2 million token transfers just nine weeks after its mainnet launch. Sunny Lu proposed suspending Quadratic Voting due to Sybil’s attack concerns, with over 75% community support. In a recent post on X, VeChain announced that VeBetterDAO has reached a significant milestone just nine weeks after its mainnet launch. The platform has witnessed more than 784,423 VOT3 token transfers and 1,495,190 B3TR token transfers, making more than 2 million transfers. The ecosystem has been adopted at a very fast rate, and people have been using it actively, which shows that this ecosystem is still growing…

The XRP community would not see a Ripple IPO in the US, as Brad Garlinghouse has ruled out the chances of such an occurrence. Ripple CEO Brad Garlinghouse has dashed the XRP community’s hopes of an imminent initial public offering (IPO). Garlinghouse clearly stated in the Korean Blockchain Week on Wednesday that Ripple Labs will not pursue an IPO in the United States. The Ripple boss cited an unclear regulatory environment as the driving force behind his position, noting that his firm is not interested in another round of legal tussle. Garlinghouse stated that the regulatory crisis conjured by the…

Bybit has received formal consent from the Astana Financial Services Authority for full authorization in Kazakhstan. In a Sept. 6 press release, Bybit said it aims to tap into the growing crypto market in Kazakhstan and the broader Commonwealth of Independent States region. The AFSA granted the approval, bringing the platform closer to becoming a fully regulated Digital Asset Trading Facility in the region. This development follows Bybit Kazakhstan’s successful completion of a stringent regulatory process, which included an Anti-Money Laundering check, a business conduct audit, and compliance inspections. You might also like: Coinbase stock forms risky patterns as crypto…

Approximately 54,000 Bitcoin (BTC), worth around $3 billion, was mined in Russia last year, said Sergey Bezdelov, the Director of the Industrial Mining Association, at the Eastern Economic Forum 2024, first reported by media outlet Izvestia. According to Bezdelov, this could generate around 50 billion rubles in taxes for the Russian government. He expects the recent legalization of crypto mining in Russia to attract more investors and increase tax revenue. On August 8, Russian President Vladimir Putin signed a law legalizing crypto mining in the country. That means crypto mining is now a legitimate economic activity and legal entities can…

Shiba Inu lead developer Shytoshi Kusama expresses enthusiasm for the rebranding of Shiba Eternity’s official X handle. In an X post yesterday, @ShibaEternity disclosed that it has evolved to @PlayWithShib to focus on the Shiba Inu gaming community. The handlers of the rebranded Shiba Eternity X account urged Shiba Inu gamers to follow the account for more updates relating to Shiba Inu games. Shiba Inu Lead Reacts Reacting, Shiba Inu’s lead developer characterized the rebranding as an epic move, indicating that the evolution is a positive development. He expressed excitement about the initiative using the phrase “Games Galore and more!…