Author: NBTC

WazirX has filed an application with the Singapore High Court for a moratorium. The plan proposes to alloocate the impact from the cyberattack pro-rata across users. Indian cryptocurrency exchange WazirX has asked the Singapore High Court for six months to restructure its liabilities, it announced on Wednesday. WazirX lost $230 million to a hack in July. The move initiates an automatic moratorium of 30 days. A date for the hearing in which the court will decide whether to grant the moratorium has not yet been scheduled. Co-founder Nischal Shetty submitted an affidavit to support the application under the name of…

Doom on Hydra has processed more transactions after a few days of launch than the Cardano network has in its history. The launch of the popular 1993 game Doom on Cardano’s layer 2 scaling solution Hydra has gained traction. Algorand’s chief technology officer, John Woods, was among those impressed by the game’s performance, as he commended the integration in a tweet on Sunday. After much teasing, Doom played on Cardano’s isomorphic state channel, Hydra, for the first time on August 16. The adventurous game, which features a first-person shooter, debuted on Hydra at the Rare Evo event in Nevada. Every…

Bitcoin is trying to recover from the sharp decline it experienced in August, when it fell below $50,000. At that point, BTC rose above $60,000 but failed to hold on there. BTC, which last rose above $60,000 over the weekend, faced a strong rejection and fell back to $58,000 levels. While this decline has made investors nervous about further declines, Deribit warned of further declines in Bitcoin. Cryptocurrency options exchange Deribit said in its latest report that Bitcoin struggled to break out of the $61,700 resistance level but failed to do so, adding that there were signs of further declines.…

Ethereum saw an $11.15 million liquidation after a price surge from $2,632.83 to $2,796.79. Ethereum’s price is consolidating at $2.8K resistance, with potential decline if it fails. A bearish “death cross” on moving averages suggests further price declines if resistance holds. A recent high-stakes gamble in the Ethereum market ended in a massive $11.15 million liquidation. The trader, who sold their Ethereum holdings expecting a price drop, faced a dramatic reversal as the price of Ethereum (ETH) surged by 6.23%, from $2,632.83 to $2,796.79. BREAKING: SOMEONE WHO SHORTED $ETH GOT LIQUIDATED FOR $11.15M pic.twitter.com/cvxQTeguOS — DEGEN NEWS (@DegenerateNews) August 23,…

The enigmatic anonymous lead developer of the Shiba Inu (SHIB) ecosystem, Shytoshi Kusama, has dropped a not-so-cryptic update about his whereabouts. Taking to his official X account, Kusama revealed to the community that he is currently in Japan. Shytoshi Kusama’s agenda Speaking of his experiences, Shytoshi Kusama said he grew up with anime in Japan, making his return to the country a very memorable experience. While it is hard to pinpoint exactly where Shytoshi Kusama lives, most of his work, including SHIB game development, has been inspired by creativity, some of which can be traced to Japan. The update from…

Former Ripple executive Michelle Bond has been charged with conspiring to cause and causing illegal finance contributions by the U.S. Department of Justice. Bond and her domestic partner Ryan Salame, a former FTX executive, have been accused of illegally funding the former’s campaign for the U.S. House of Representatives for New York’s first congressional district in 2022. Salame allegedly arranged a $400,000 payment from the exchange that was entirely used to fund Bond’s unsuccessful campaign, which ended during the primaries phase of the election. After hiring a political consulting firm, Bond was advised that she could self-fund her campaign, but…

HashKey Exchange, one of Hong Kong’s leading cryptocurrency platforms, announced that it has received regulatory approval to list AVAX and LINK for trading by individual investors. Hong Kong Stock Exchange Approves HashKey AVAX and LINK to List for Retail Investors This marks a significant expansion of digital assets available to non-institutional traders in the region, which had previously limited individual trading to Bitcoin (BTC) and Ethereum (ETH). The approval is part of HashKey’s ongoing efforts to expand the range of cryptocurrencies available to individual investors. The exchange also announced that it has submitted the third phase of its application to…

A new Bernstein Research report indicates that the cryptocurrency market, particularly Bitcoin (BTC), may experience a significant shift based on the outcome of the upcoming United States presidential election. The analysis suggests that a potential victory for Donald Trump could catalyze a bottom in Bitcoin prices, leading to growth in the price of the leading cryptocurrency. “We believe the Bitcoin price would bottom, only if the crypto market catches a bid on a likely Trump win, given [the] crypto market continuing to interpret only a Republican win as positive for crypto policy,” the report states. This insight comes as cryptocurrency…

Tuur Demeester of Adamant Research recently issued a major Ethereum (ETH) warning, pointing to the fact that the leading altcoin by market capitalization is on track to drop to 0.03 BTC. The ETH/BTC pair is currently sitting at 0.043 BTC, according to data provided by the Binance exchange. Ethereum failed to experience a major rally following the launch of spot-based Ether ETFs in the U.S. from such big names as BlackRock and Fidelity. Earlier this month, the ETH/BTC pair collapsed to as low as 0.04 during a massive global stock market crash that also affected the leading cryptocurrencies. Altcoins, of…

Pseudonymous crypto expert and YouTuber ‘Altcoin Daily’ suggests that the upcoming launch of Coinbase Derivatives’ CFTC-regulated Shiba Inu’s futures contract could pave the way for a spot ETF. Altcoin Daily issued the speculation in an X post yesterday, emphasizing the significance of the upcoming futures contracts. Coinbase Derivatives to Launch Regulated SHIB Futures Contract Last week, Coinbase Derivatives requested permission from the U.S. CFTC to launch regulated futures contracts for Shiba Inu alongside four cryptocurrencies: Stellar (XLM), Chainlink (LINK), Polkadot (DOT), and Avalanche (AVAX). The derivatives exchange disclosed plans to list the products under a self-certification model scheduled for July…