Author: NBTC

Cross-chain transfer service deBridge is set to issue a governance token, DBR, on the Solana blockchain. The token will reward users based on their past activity and fees paid. DBR token holders will be able to vote on future strategies and implementations of the deBridge protocol. Cross-chain transfer service deBridge plans to issue a governance token, DBR, on the Solana blockchain in the coming month, the project’s head of marketing told CoinDesk in a release on Wednesday. Allocations will depend on points earned by users in the past several months based on the fees paid to the protocol and funds…

Conservatives vowed to bring sound money policy to Washington in 2025, but the battle for your financial freedom is closer to home than you would expect. States pioneered this effort, and should capitalize on this national momentum to defend American financial liberties locally. This month, the Republican National Committee released a draft proposal for changes to the party platform that would assert the party’s stance against a central bank digital currency — also known as a CBDC or digital dollar — and in support of the right to mine, own, and privately transact in digital assets like Bitcoin. Sound monetary…

Mesh, a financial operating system, has partnered with Fireblocks to enhance digital asset management and payments. This collaboration aims to enhance security and efficiency by creating a better experience for businesses and consumers. Speaking about the new partnership, Bam Azizi, the Co-Founder and CEO of Mesh, said: “It’s a huge deal to join forces with Fireblocks and empower businesses and their end users with the best tools for digital asset management and transactions. This partnership leverages Mesh’s seamless embedded connectivity, enabling secure, frictionless interactions and transactions across platforms, creating a dynamic ecosystem that benefits everyone involved.” By integrating Fireblocks’ platform…

Called the Bitcoin nightmare, Mt. Gox incident has come to an end and Mt.Gox will start Bitcoin and Bitcoin Cash (BCH) refunds. Mt.Gox board of trustees said in a statement in recent weeks that refunds will begin to be made from the beginning of July. The long-awaited moment has arrived and Mt.Gox made test transfers of small amounts in several wallets just before the $9 billion Bitcoin payment was made. According to Arkham data, approximately $24 worth of BTC was moved to Bitbank’s hot wallet in small transactions from Mt.Gox wallets. While it is evaluated whether these transactions are merely…

Today was a big day for Ethereum, the second-largest cryptocurrency by market cap, with the launch of eight ETFs tracking the ETH price. This development is seen as a bullish moment for cryptocurrencies, with many industry commentators predicting that these funds will increase the price of ETH, similar to the success seen with spot Bitcoin ETFs. Will Cai, Kaiko’s Head of Indices, suggested in a report on Monday that “ETH price may be sensitive to entry numbers in the early days.” A full picture of demand may not emerge for several months, he added. Predictions of billions of dollars in…

Bankrupt crypto lender BlockFi’s plan administrator has asked a U.S. court for an order for the final distribution to make customers and unsecured creditors whole. “This transaction marks a final chapter in the wind-down and is the best possible outcome for customers of BlockFi,” said Mohsin Y. Meghji, Plan Administrator of BlockFi Inc. The administrator of crypto lender BlockFi is seeking an order which would provide for final distribution to all eligible customers and unsecured creditors, it announced on Monday. The administrator filed a report to the U.S. Bankruptcy Court for the District of New Jersey. The report revealed that…

Solana, also dubbed the ‘Ethereum killer,’ has grown to be one of the most active DeFi platforms over the past year. According to a Q1 2024 report by Messari, DEX volume on this DeFi chain increased by 319% from the past quarter. The circulating market cap of Solana’s native token, SOL, has also grown more than tenfold since the beginning of 2023; as of the end of Q1, this figure was $86.4 billion, up from $7.9 billion in Q1 2023. Source: Messari And now the big question: Why is Solana getting so much traction within the Web3 realm? For those…

Hex Trust says it has received in-principle approval from the Monetary Authority of Singapore for a Major Payment Institution License. This has been a multi-year process for the custodian, but will be well worth it as regulation is the future, its CEO Alessio Quaglini said in an interview. Crypto custodian Hex Trust announced on Wednesday that it has received in-principle approval from the Monetary Authority of Singapore (MAS) for a Major Payment Institution license. Major Payment Institution licenses allow firms in Singapore to conduct multiple payment services and deal with Digital Payment Tokens (DPTs). The licensing regime was created under…

Joana Cotar, an independent member of the Bundestag, has urged the government to stop its Bitcoin selling spree. Cotar has informed Michael Kretschmer, one of the deputy chairs of the CDU, Christian Lindner, the Federal Minister of Finance, as well as Chancellor Olaf Scholz that this is “counterproductive.” She has invited them to her lecture with Bitcoin evangelist Samson Mow that is scheduled to take place on Oct. 17. In her letter, the MP argues that the largest cryptocurrency offers “a unique opportunity” for asset diversification. It is capable of mitigating risks that are related to having excessive exposure to…

Ethereum ETFs made a remarkable debut today, marking a significant milestone for digital assets in traditional financial markets. The launch saw nine different spot Ethereum exchange-traded funds (ETFs) from eight issuers begin trading on U.S. exchanges. This event turned the usually calm ETF trading landscape into a bustling marketplace. Impressive Start for Ethereum ETFs The excitement began right from the opening bell. Within the first 15 minutes, Ethereum ETFs amassed $112 million in trading volume. By the 90-minute mark, this figure had surged to $361 million. Bloomberg senior ETF analyst Eric Balchunas shared these figures, noting that this initial volume…