Author: NBTC

India’s crypto exchange WazirX said Wednesday it has canceled all outstanding open orders on its platform as part of “ongoing efforts” to resolve issues involving the Indian rupee and crypto balances. “Any INR and crypto assets blocked in these open orders will be added to your respective balances,” WazirX said in a post to X. It follows the exchange’s $230 million hack in July, which saw hackers make off with $102 million worth of Shibu Inu tokens, $52 million in Ethereum, and $11.2 million worth of Polygon’s native token Matic. Other tokens lost in the theft included Pepe, USDT, and…

New York, NY – Franklin Templeton, a giant in global asset management, is making waves again. This time, they’re expanding their blockchain game by bringing their trailblazing on-chain money market fund to the Avalanche network. If you’re keeping tabs on the world of tokenized assets, this is one more sign that Avalanche is solidifying its place in the digital finance world.—Franklin Templeton’s OnChain U.S. Government Money Fund (FOBXX)—launched back in 2021—isn’t your typical mutual fund. It’s the first and only U.S.-registered mutual fund that uses a public blockchain to process transactions and track share ownership. That’s a big deal for…

Amid the ongoing controversy surrounding Wrapped Bitcoin and Tron (TRX) founder Justin Sun, an unknown crypto whale has accumulated a significant amount of Wrapped Bitcoin (WBTC). According to the data, the whale, which purchased 347 WBTC (worth $16 million) during the day, accumulated a total of 1,953 WBTC (worth $118 million) from Binance at an average price of 58,853 last week. According to EmberCN’s post, while the unknown whale was accumulating WBTC, Justin Sun’s address transferred 2,590 BTC worth a total of $156.41 million to Binance. While these transfers attracted the attention of the community, this brought to mind the…

API3, the web3 API economy, announces a groundbreaking partnership with Zeru Finance to enhance the security of decentralized finance (DeFi). API3 DAO shared this news with the user community through the X account. Through this partnership, Zeru will utilize the Oracle Stack of API3 to stay updated with the price feeds and to have secure and reliable access to the web3-related data. Things are heating up on @berachain 🐻⛓️@zerufinance is doing DeFi better by unlocking new opportunities with their zero-collateral loans. Secured by the API3 Oracle Stack. ⟁ https://t.co/VeiNA169Y2 — API3 (@API3DAO) August 23, 2024 API3’s Strategic Alliance with Zeru…

CryptoPunks led CryptoSlam’s non-fungible token (NFT) sales chart Tuesday with over US$3.58 million in sales. The collection’s sales volume rose from around US$825,000 the previous day to lead the daily chart for the second consecutive day. But it’s not all great news for CryptoPunks as NFT investor Deepak Thapliyal announced the sale of Punk #5822 for an undisclosed amount. Community members estimate that the rare digital asset was sold for around 5,000 Ether (US$12.8 million). Thapliyal bought CryptoPunk #5822 for US$24 million in 2022. The second-ranking collection for the day was Guild of Guardians Heroes on the Immutable network, with…

Blackrock, the world’s leading investment firm, reported to surpass the Grayscale in crypto holdings. Grayscale is also a crypto asset management firm that has a history of crypto holdings but now the table has been turned. Blackrock’s current on-chain holding is worth $22,143,715,559 while the net value of Grayscale’s crypto holdings is $21,996,062,828. BLACKROCK NOW HAS MORE CRYPTO THAN GRAYSCALEBlackrock has now overtaken Grayscale in total on-chain holdings. This makes Blackrock the largest ETF-related entity on Arkham.Blackrock: $22,143,715,559Grayscale: $21,996,062,828 pic.twitter.com/YrPZdrMObk — Arkham (@ArkhamIntel) August 22, 2024 Arkham, an on-chain analytical firm, shared the states on its official X platform. As…

Perpetual contracts platform Aevo has introduced Aevo Strategies, a new feature offering automated trading vaults designed to help users execute complex strategies. The derivatives layer-2 platform recently disclosed this development through an X post, affirming that users can now seamlessly access trading strategies previously reserved for larger institutions and market makers. Introducing: Aevo StrategiesAevo Strategies are automated trading vaults that execute sophisticated strategies on the users behalf. pic.twitter.com/aVc6QWUt74 — Aevo (@aevoxyz) July 4, 2024 The first vault unveiled by the platform is the “basis trade vault,” a delta-neutral strategy commonly employed by various protocols, including Ethena Labs. This strategy generates…

Binance plans to hire 1,000 employees this year, with a focus on compliance roles, as the crypto exchange’s annual regulatory compliance spending exceeds $200 million. The company’s chief, Richard Teng, evealed the employment goals during an interview with Bloomberg News in New York on Wednesday. The hiring initiative comes as Binance faces increased regulatory scrutiny and ongoing oversight from US agencies following a $4.3 billion settlement last year. Teng, who has a background in financial regulation, emphasized the importance of government agencies and Binance’s commitment to meeting regulatory requirements. The exchange plans to expand its compliance workforce to 700 by…

Gryphon Digital Mining, a Bitcoin Mining company, announced that it has entered into an agreement in Louisiana to acquire electricity at a cost of approximately 0.01 dollars per kilowatt-hour (kWh). Bitcoin mining: Gryphon Digital and electricity at about $0.01 per kWh in Louisiana Bitcoin Mining and low-cost electricity in Louisiana The label “Made in USA” on the extracted blocks Bitcoin mining: Gryphon Digital and electricity at about $0.01 per kWh in Louisiana Gryphon Digital Mining, a Bitcoin mining company, has secured a favorable contract in Louisiana. It is an agreement for the acquisition of up to 2.9 megawatts (MW) of…

Complexity, a prominent and long-running North American esports organization, has announced a multifaceted sponsorship deal with blockchain company Sonic Labs, the firm behind the upcoming Sonic layer-1 network. Sonic Labs will become Complexity’s exclusive blockchain sponsor, with its branding set to be added to team jerseys. The collaboration is built around fan engagement, including sponsorship of streamed Counter-Strike 2 tournaments and community game night events. Additionally, Complexity—which also competes in games like Rocket League and Madden NFL—said that it will develop a fan application on Sonic. The app will include ways for fans to interact with their favorite teams and…