Author: NBTC

A lawsuit brought against former Binance CEO, Changpeng Zhao by three crypto investors who accuse the exchange of losing their funds through lax money laundering regulations, may put the “efficacy of blockchain analytics itself,” on trial. This is according to Bill Hughes, Senior Counsel and Director of Global Regulatory Matters at Consensys, who also branded the suit’s key allegations as “dubious.” Read more: Has CZ followed a Solana news account while in prison? The lawsuit, which was filed on August 16 in the Western District Court Of Washington, accuses Binance and Zhao of “offering bad actors a way to remove…

Centrifuge, a startup focused on blockchain-based real-world asset tokens (RWAs), has created a lending marketplace backed by multiple U.S. Treasury-backed tokens using lending firm Morpho’s vault system. The marketplace, aimed at institutions, will be hosted on Base, the Ethereum L2 network developed by crypto exchange Coinbase, and will allow collateralization and borrowing against the Centrifuge-affiliated Anemoy Liquid Treasury Fund (LTF), Midas Short Term U.S. Treasuries (mTBILL) and Hashnote’s U.S. Yield Coin (USYC). The migration of real-world assets, especially traditional financial instruments like tokenized Treasury bills, to blockchains has become something of a trend in crypto. This is an area that…

Samson Mow, prominent Bitcoin maximalist and chief executive at JAN3 BTC-focused company, has taken to the X social media platform (famous as Twitter in the past) to talk about why Bitcoin is a risk-off asset and for what part of the global population it is in particular. He also made a comment on the Bitcoin supply available on the market, specifying the type of investors who are likely to buy all of this BTC quickly. Mow explains nuance about Bitcoin being risk-off asset The JAN3 boss published a post to clarify which groups of investors in particular experience Bitcoin to…

A month after the start of Ethereum ETF trading, the cryptocurrency market is experiencing a period of complex but promising dynamics, what is Binance’s forecast?Despite global economic difficulties and the drop in the price of Ethereum (ETH), the inflows recorded by Ethereum ETFs have shown surprising resilience. This phenomenon highlights a trend of increasing institutional adoption of cryptocurrencies, a crucial aspect for the future of the sector. The forecast of the CEO of Binance Italy on the trend of the Ethereum ETF Institutional interest and future prospects Conclusion The forecast of the CEO of Binance Italy on the trend of…

Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, is now in Kyoto, Japan, discussing major SHIB initiatives with the brightest minds. In his latest post on X, Kusama announced his arrival in Japan. According to him, visiting Japan is a dream come true. As a result, he expressed his gratitude for the opportunity, saying, “It is truly a humbling experience only possible with divine providence, of which I am grateful.” Discussing SHIB with Japan’s Brightest Minds Meanwhile, this visit goes beyond tourist activity. As the Shiba Inu lead developer, he is meeting with Japan’s brightest minds to discuss…

Out of an abundance of legal caution, many cryptocurrency projects exclude U.S. residents from token airdrops. U.S. crypto users – even insiders at similarly cautious projects – regularly find ways to claim tokens anyway. This “hypocritical” behavior may undermine the effort by some in the industry to avoid U.S. jurisdiction, lawyers said. The U.S. presents a paradox to some cryptocurrency startups. They can’t afford to ignore the tech-savvy American workforce. They also can’t let their brand-new crypto tokens run afoul of the world’s toughest financial regulatory regime. EigenLayer, one of Ethereum’s hottest projects, embraced a solution common in crypto: it…

Less than five months after hitting a $1 billion market cap, tokenized Treasury notes have doubled again, surpassing the $2 billion mark on Saturday, according to RWA.xyz. Tokenized Treasuries are digital representations of U.S. government bonds that can be traded as tokens on Ethereum, Stellar, Solana, Mantle, and more. While $2 billion is an impressive milestone for a newly launched fund, the potential is much greater given the massive size of the $27 trillion Treasury market. The largest of these, BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL), has been a major factor in the rapid growth in market cap this…

A milestone has been reached in Bitcoin’s supply schedule – 94% of the total Bitcoin supply has now been issued through mining. Out of a hard-capped total of 21 million BTC, over 19.74 million have been mined so far. Bitcoin’s supply is issued through mining, where computers validate transactions and receive Bitcoin as a reward. The initial mining subsidy was 50 BTC per block, which halves every 210,000 blocks or roughly every 4 years. This event called the Bitcoin halving, ensures a predictable, diminishing inflation rate as the supply grows. There have been three halvings, cutting the subsidy from 50…

Ethereum price has witnessed a modest price increase in the last 24 hours. The altcoin’s daily trading volume decreased by 10.20% according to CMC data. The crypto market has exhibited mixed signals in the past few weeks, as prices haven’t shown significant upward movements. While the regulatory and L2 sectors have witnessed optimal activities, prices have experienced an overall lull. Notably, Bitcoin, the largest cryptocurrency, has struggled to surpass $61K over the past week. Meanwhile, the leading altcoin, Ethereum, has shown a price increase of 0.46% in the last 24 hours. It has witnessed a modest increase, moving from $2,634…

Crypto commentator Chad Steingraber claims that the Hashdex Nasdaq Crypto Index ETF would purchase 215,854 XRP for every 1,000 new shares created. The prominent XRP community figure recently made this bold statement on X, while discussing the latest crypto ETF developments. Steingraber’s comments have stirred quite a bit of discussion within the crypto community. According to information from Hashdex’s website, the Hashdex Nasdaq Crypto Index ETF (HDEX.BH), which tracks the Nasdaq Crypto Index (NCI), contains a variety of cryptocurrencies with different weightings. Bitcoin holds the largest share at 64.33%, followed by Ethereum at 26.08%, Solana at 5.26%, and XRP at…