Author: NBTC

Commercial Bank of Dubai (CBD), a United Arab Emirates-based bank, has launched dedicated accounts for virtual asset service providers to manage client funds. CEO Bernd van Linder said the move aligns with CBD’s core banking services and supports the bank’s plans to foster the digital economy. VASP Accounts Align With Bank’s Vision Commercial Bank of Dubai (CBD), a leading United Arab Emirates (UAE) bank, has launched dedicated accounts for Virtual Asset Service Providers (VASPs) to manage client funds and meet regulatory prudential requirements. CBD introduced the specialized accounts to comply with regulations from the Central Bank of the UAE and…

Solana-to-Bitcoin cross-chain bridge Zeus Network’s native token ZEUS experienced a notable price surge, increasing by 19% in a single day to $0.2931. At the time of writing, the ZEUS was still up 11.6% in the last 24 hours, trading at $0.2705 per data from crypto.news. In the same time period, the crypto asset’s trading volume hovered around $15.5 million. The cryptocurrency has also jumped 59% over the past week. ZEUS price chart | Source: TradingView Moreover, ZEUS’s market cap had also surged to $45.4 million. However, the token’s price is still down 75% from its all-time high of $1.11 reached…

Yesterday, Aug. 1, 2024, Bitcoin (BTC) mining difficulty reached a historic peak following a significant increase of 10.5%, reports Galaxy’s Head of Research Alex Thorn. In percentage terms, this rise is the 24th largest since 2016, the 73rd since 2012 and the 119th largest of all time. However, in absolute terms, says Thorn, this marks the largest difficulty increase ever recorded. The latest difficulty adjustment shows that competition among miners is on the rise as the Bitcoin network expands and becomes more complex after this year’s halving. Higher mining difficulty usually means a tougher environment for miners, which can affect…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Blockchain is among the most prominent tech buzzwords today, and rightly so. For a technology that started out as a means to democratize user authority in several sectors, blockchain has moved beyond the realm of technical whitepapers to real-world applications impacting several consumer-facing domains. However, with growing demand, its limitations are becoming quite apparent. Not to mention the burgeoning development cost for developers looking to test and build their own networks. So how can the ecosystem make…

Billionaire enterpeneur Peter Thiel says he still holds Bitcoin (BTC) and continues to support for the benchmark cryptocurrency. .Thiel has something else to say about Bitcoin – specifically about its price. The entrepreneur and founder of venture capital firm Founders Fund says that the price of Bitcoin may not rise as “dramatically” as many hope. Thiel shared this view during an interview at the Aspen Ideas Festival in Colorado on Thursday. Peter Thiel still holds Bitcoin During the interview, in which Thiel commented about Nvidia, TikTok and the upcoming US elections, CNBC’s Andrew Ross Sorkin asked Thiel whether he still…

The value of Ether (ETH) has been on the rise lately, and so has Ethereum’s open interest. While this signals bullish sentiment from traders, it also indicates impending volatility and calls for caution in the market. According to CryptoQuant analyst Burak Kesmeci, Ethereum’s open interest data has increased by almost $1.5 billion in the past three weeks. Ethereum Open Interest Soars Open Interest refers to the number of open long and short positions for financial instruments. A higher open interest value signifies increased confidence in an asset’s price trajectory, while a lower value is a sign of uncertainty. At the…

Andreessen Horowitz’s (a16z) crypto investment arm has spearheaded a $9 million investment in the decentralized physical infrastructure network (DePin) project Daylight Energy. This initiative marks a pivotal advancement in decentralized solutions for the energy sector. It aligns with the growing trend of integrating blockchain technology to revolutionize grid management and energy distribution. Daylight Energy Launches Its Testnet Following the a16z Investment Daylight Energy will utilize the newly acquired funds to enhance its testnet. This testnet pioneers a decentralized protocol that transforms energy grid operations through distributed energy resources (DERs). The project tackles crucial inefficiencies in the current system by harnessing…

Binance.US, the U.S. arm of the global crypto giant, found itself in hot water after publishing a blog post with a glaring error about Cardano’s current development stage. The post mistakenly claimed the blockchain platform, known for its focus on scalability and sustainability, was in its third phase of upgrades, when it was actually well into its fifth, dubbed “Voltaire.” This flub sparked a flurry of corrections from Cardano enthusiasts, highlighting the need for accuracy in the fast-paced world of crypto. However, as pointed out by Cardano Spot, an application focused on the L1 blockchain, in a post on social…

Karak is expanding its technical vision of universal security by integrating Space and Time as a ZK coprocessor solution to power trustless slashing and rewards for Karak Distributed Secure Services (DSS). The integration will enhance the security, speed and cost-efficiency of the existing Karak restaking offering. Restaking innovator Karak integrates Space and Time as ZK Coprocessor Space and Time (SxT), a pioneering verifiable compute layer that scales zero-knowledge proofs on a decentralized data warehouse, scores a long-term strategic partnership with Karak, a Pantera-backed security layer for Web3 use cases. Lots of exciting milestones to celebrate this week 🎉As of today,…

A mystery Bitcoin whale just sent 1,000 BTC—worth $61 million at present—to Coinbase after first receiving the coins almost six years ago, on-chain data shows. As tracked by Arkham Intelligence, the unidentified investor first received their coins in August 2018, when the stash was valued at just $6.68 million in total. Sending the coins to the exchange implies that they intends to finally sell, implying an 817% profit if they follow through. A Dormant Bitcoin whale awakens after 6 years. 😱 Wallet transfers 1000 BTC ($61.55M) to Coinbase Prime. What’s cooking?🤔#Bitcoin #Crypto pic.twitter.com/4HdJpgZ05I — AMCrypto (@AMCryptoAlex) June 28, 2024 The…