Author: NBTC

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…

Federal authorities in Miami said Wednesday that victims of the cryptocurrency project CluCoin on BNB Chain will receive notices via NFTs—that is, unique blockchain tokens—after the project’s co-founder pleaded guilty to wire fraud in federal court. Austin Michael Taylor, who launched CluCoin (CLU) in 2021, admitted to transferring $1.14 million worth of investor funds to a personal account at a crypto exchange. Raised through the project’s ICO, the funds were earmarked for developing CluCoin-related projects, but Taylor later gambled them away across several online casinos, according to law enforcement. Taylor streamed on Twitch under the username DNP3, amassing 242,000 followers…

CoinSwitch sues WazirX over $9.7M in stuck assets after a $230M cyberattack. WazirX seeks a 30-day moratorium to restructure and address frozen withdrawals. WazirX has allowed partial INR withdrawals, but crypto withdrawals remain paused. CoinSwitch, a leading cryptocurrency exchange in India, has initiated legal proceedings against its competitor, WazirX, following a cyberattack in July that resulted in the theft of approximately $230 million worth of assets. The legal action comes as WazirX seeks a 30-day moratorium from Singapore’s High Court to restructure its operations and address user withdrawals, which remain largely frozen. CoinSwitch fitting for $9.7M stuck in WazirX’s platform…

A growing number of sophisticated Ethereum users are choosing to transact privately on the blockchain – relying on so-called dark pools to avoid trading bots set up to front-run transactions, but potentially obscuring the openness and transparency that are supposed to be hallmarks of decentralized public networks. That’s according to new research compiled by Blocknative, a company that specializes in preventing or minimizing the impact of MEV, which stands for “maximal extractable value” – the profits that can be siphoned off by fast-moving software bots that can quickly enter into trades to skim margin off of transactions that are sitting…

The project is being supported by over 200 “finality providers,” who will approve transactions to maintain the network’s protocol’s operation, similar to the role of validators in proof-of-stake ecosystems. Allnodes, Figment and Galaxy Digital are among the finality providers. Bitcoin (BTC) staking platform Babylon, led by a Stanford University professor and tipped to be one of the more promising new scaling projects for the oldest and largest blockchain, is moving to the next stage of its development, with plans to launch the first phase of its main network on Aug. 22. Babylon raised a $70 million funding round led by…

In an announcement published by crypto.news on August 27, Ondo Finance and Arbitrum said that the tokenized debt instrument USDY has been launched on Ethereum’s L2 scaling solution. Ondo U.S. Dollar Yield is a yield asset backed by short-term U.S. Treasury bonds that currently accounts for $347 million in market value. According to RWA.xyz, USDY is traded on Ethereum and Solana, among other blockchain networks. With its launch on Arbitrum, USDY is now available on another major decentralized finance platform. In an announcement on August 27, the Arbitrum Foundation said that Ondo’s tokenized treasury asset now offers its real-world investment…

Donald Trump’s fourth NFT collection is either doing great or terribly one day after debuting. It just on depends how you look at it. It is no small feat that the collection of digital trading cards—which features the former president in a plethora of fantastical poses and costumes—has managed to rake in over $2 million worth of sales since Tuesday’s debut in a weakened NFT market. CryptoPunks, the most valuable and prestigious NFT collection by a country mile, did less than half of that volume in the last 24 hours ($754,000, according to NFT Price Floor). But considering the enormous…

Ethereum price gained +5% over the past 7 days. Currently trading around $2,750, Ethereum is at a crucial price level that could determine its next move. What’s next for Ethereum,? Let’s analyze in this Ethereum price prediction article. Ethereum Up by 5% in the Past 7 Days In the past week, Ethereum has seen a notable 5% increase, reflecting renewed interest and confidence in the cryptocurrency. This gain comes as part of a broader bullish trend in the crypto market, where major digital assets are experiencing positive momentum. Ethereum’s steady rise has positioned it as a strong contender in the…

JASMY has gained rapid popularity across the world in a short time. Analyst notices that JASMY reserves on crypto exchanges are at an ATH. If JASMY continues to be bought rapidly, a huge JASMY supply shock will occur. As Bitcoin (BTC) staggers to break out of its steady sideways movement, many altcoins are showing signs of massive price spikes in the coming golden bull run phase. Likewise, TON, VET, XRP, and JASMY show bullish signs for upward reversal. In particular, JasmyCoin’s JASMY experiences highly bullish sentiment from the crypto community. Titled the ‘Bitcoin of Japan’, JASMY has made many bullish…

An Australian court ruled in favor of the securities regulator that Kraken’s local operator contravened a rule regarding its margin extension product. A Kraken spokesperson said “Overall, we’re disappointed by today’s ruling, but we’re prepared and willing to comply with the court’s decision.” The Federal Court of Australia ruled on Friday that cryptocurrency exchange Kraken’s operator in the country, Bit Trade Pty Ltd, “contravened” with a section of the nation’s Corporations Act. The case against Bit Trade was brought by the Australian Securities and Investments Commission (ASIC). Section 994B of the Corporations Act requires an issuer of a financial product…