Author: NBTC

The publicly-listed cryptocurrency mining company from Wall Street (NASDAQ: ARBK) and the City (LSE: ARB) Argo Blockchain plc announced today (Monday), that it has fully repaid its $35 million loan from Galaxy Digital Holdings. This clears the debt four months ahead of the current schedule and nearly 18 months before the original repayment deadline. The crypto mining firm began repaying the loan in May 2023, with the balance reduced to approximately $5.7 million as of June 30, 2024. Argo repaid $11.5 million in principal during 2023, with the remaining $23.5 million settled in 2024. Successfully repaying $35 million of high-interest…

In exclusive comments to crypto.news, a blockchain and artificial intelligence expert discussed why he believes India is set to become a web3 powerhouse. India has long been a tech-savvy nation, with over 750 million active internet users as of January 2024. The nation’s booming IT sector accounted for 7.5% of its approximately $3.9 trillion economy in 2023. With a digital competitiveness score of 60, placing it ahead of every other BRICS nation except China, India has proved its standing as a global IT powerhouse. Naturally, this lays a solid groundwork for the nation to support the promising web3 and blockchain…

Options market shows bias for calls even as BTC’s price continues to drop. Demand for calls at $100K suggests traders preparing for a renewed rally into 2025, according to one trading firm. Crypto options traders are strategically placing bets that diverge from the ongoing downtrend in bitcoin’s (BTC) price. In the past 24 hours, the leading cryptocurrency by market value has declined over 1% to $64,500, extending the pullback from recent highs near $72,000, CoinDesk data show. Still, the flow in bitcoin options listed on leading exchange Deribit has been biased toward call options at levels (strikes) well above the…

Shiba Inu’s ecosystem team introduces Shib Marketplace, an upcoming innovative platform poised to revolutionize digital commerce. The team announced the initiative in the latest edition of Shiba Inu’s weekly magazine, stating that the marketplace would redefine digital ownership. Shib Marketplace Features According to the announcement, Shib Marketplace marks a departure from centralized platforms, which focus on profits over user control. The platform will be powered by Shiba Inu’s L2 scaling solution Shibarium, leveraging the network for transparent and secure transactions. In addition to Shibarium, the platform will also leverage the security architecture of the Ethereum network. Also, Shibarium’s smart contract…

Prominent lawyer James Murphy (MetaLawMan) says the U.S. SEC will appeal the Ripple verdict. During an interview on The Wolf of All Streets podcast, Attorney Murphy suggested two reasons why the SEC may be prompted to appeal the Ripple decision. Disgorgement Concerns According to the lawyer, the first issue revolves around the disgorgement decision. Recall that Judge Analisa Torres did not grant the SEC’s request for disgorgement, worth $876.3 million. Notably, Judge Torres ruled that the SEC did not show that institutional buyers of XRP suffered pecuniary harm. Reacting, Attorney Murphy stated that this decision impacts other SEC pending cases…

Bitcoin block rewards will likely evolve significantly over the coming decade, driven by substantial shifts in Bitcoin prices and fee changes. One popular model for projecting future prices is the Power Law, coined by Giovanni Santostasi. Based on this model, CryptoSlate has calculated the Bitcoin block reward over the next ten years. The Power Law Model predicts Bitcoin trading within a set range, illustrated on the left of the table below by the upper and lower bound prices, with the regression fit aligning with a ‘fair price.’ The right-hand columns show the Bitcoin block reward based on these prices, considering…

Bybit extended its DMCC partnership, transitioning to an advisory role from August 2024. Bybit and DMCC to co-organize a global hackathon and a flagship conference. Over 20 startups were supported by Bybit in Dubai’s dynamic crypto ecosystem last year. Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has announced the extension of its strategic partnership with the Dubai Multi Commodities Centre (DMCC). The collaboration has already seen significant achievements over the past year and its extension marks a new phase as Bybit transitions from a key ecosystem partner to an advisory role. We are excited to announce the renewal…

Spot bitcoin ETFs in the U.S. experienced their fifth consecutive day of outflows on Thursday, totaling over $900 million in losses for the week. Grayscale’s GBTC and Fidelity’s FBTC led the outflows, while BlackRock’s IBIT was the only ETF to record net inflows. Spot bitcoin (BTC) exchange-traded funds (ETFs) listed in the U.S. recorded their fifth-straight day of outflows on Thursday, losing over $900 million so far this week. Data tracked by SoSoValue shows that the 11 listed ETFs lost $140 million on Thursday, with $1.1 billion in trading volumes. Grayscale’s GBTC – which has mostly seen outflows since its…

David Schwartz, the chief technology officer (CTO) at Ripple and one of the founders of XRP Ledger, has slammed the way the popular website Quora uses AI and basically criticized AI-generated content in general. This is not the first time Schwartz has taken a jab at this web platform in connection to its AI transition. Ripple CTO’s Quora AI message David Schwartz continues to criticize the quality of the content published by AI algorithms on the aforementioned website. Quora is a popular online platform for questions and answers, with a high number of daily visitors. “High-quality AI generated questions, as…

In a recent exchange on social media, Anthony Scaramucci, founder of SkyBridge Capital, addressed growing concerns within the crypto community regarding the future of blockchain in the United States. Responding to a question posed by Kevin Farrelly, Vice President and Director of Digital Asset Management at Franklin Templeton, Scaramucci highlighted the importance of patience and collaboration in achieving a bipartisan approach to crypto regulation. Be patient we are working on a bipartisan solution and it will happen but it takes time. https://t.co/aK02I5qipl — Anthony Scaramucci (@Scaramucci) August 9, 2024 This conversation emerges at a critical time as the U.S. political…