Author: NBTC

BitVM brought fresh impetus to Bitcoin layer-2 initiatives that seek to introduce greater utility to the network. The investment led by trillion-dollar asset manager Franklin Templeton suggests the TradFi world is taking notice as well. Bitcoin layer-2 blockchain Bitlayer Labs said it raised $11 million in a Series A funding round at a valuation of $300 million. The investment was led by ABCDE and Franklin Templeton, one of the issuers of a spot bitcoin (BTC) exchange-traded fund in the U.S. The involvement of Franklin Templeton, a trillion-dollar asset manager, suggests the traditional finance (TradFi) world is taking notice of developments…

Upland gaming platform is launching its new utility token, $SPARKLET, on Ethereum today. This initiative will boost its innovative gaming platform. The token will be listed on exchanges starting at 1 pm UTC. $SPARKLET will enhance interactions within Upland’s virtual world. It will also support various activities such as NFT creation and platform development. The aim is to build a lively and sustainable ecosystem. 63% of $SPARKLET Supply to be Locked for Community It has been planned to distribute a significant amount of $SPARKLET through airdrops. Further 0.75% will be distributed via the Bitget Launchpool. A total of 63% of…

Ethereum co-founder Steven Nerayoff has filed a lawsuit seeking $10 million from a crypto analyst who accused him of being an extortionist and government plant that aided an assassination attempt against him. Nerayoff filed the defamation lawsuit in a New York District court yesterday against crypto analyst Truth Labs, real name Tyler Fayard. He claims Fayard made multiple false allegations against him, calling him a criminal and ‘inhumane fraud’ on X (formerly Twitter) over the past few months. In one instance Fayard implied Nerayoff had taken part in an assassination attempt against him during a running race. Fayard posted, “Two…

Defunct crypto exchange Mt. Gox moved billions of dollars worth of bitcoin between wallets and sent $130 million to Bitstamp. The cryptocurrency movements echo those of yesterday as Mt. Gox repays customers hit by a hack 10 years ago. Payments started early this month and Mt. Gox still has more than $6 billion of BTC to distribute. Defunct bitcoin {{BTC}} exchange Mt. Gox moved a fresh batch of the asset to new wallets on Wednesday, tempering chances of a price rally as sentiment remained dented. Arkham data shows Mt. Gox moved 37,400 BTC, worth $2.5 billion, from its main wallet…

Bitcoin (BTC) briefly lost its 200-day exponential moving average (EMA 200) this Thursday, which is considered very important support for BTC by traders. Despite the brief loss of this fundamental price level, the analyst who identifies himself as Altcoin Sherpa told his followers to “don’t freak out” as it is “quite common for the EMA 200 “to get lost for a bit.” $BTC: The moment of truth time is around here. 200d EMA being tested for the first time in months + range low. It’s likely that we see some sort of bounce around here down to 56k. Expecting a…

Ethereum ETFs are all the rage today in crypto markets, having already posted nearly hundreds of millions in flows within hours of their launch. By the end of the US trading day, the new funds had hit $1 billion in trading volume, per Bitwise Chief Investment Officer Matt Hougan. Though, as Blockworks’ Ben Strack noted in the On the Margin newsletter earlier Tuesday, the volumes don’t show the net flows for the funds just yet. Crypto markets seem to be digesting the news, with the total market cap dipping 2.2% to $2.5 trillion in the past day. Read more: 9…

Citi upgraded Coinbase to buy from neutral and raised its price target to $345 from $260. The crypto exchange could benefit from an improving regulatory regime in the U.S., the report said. Coinbase could also profit from a U.S. crypto catchup, the bank said. Crypto exchange Coinbase (COIN) is likely to benefit from an improving regulatory regime in the U.S. after the presidential election in November and the Supreme Court’s overturning of the Chevron precedent, Citi (C) said in a research report on Tuesday upgrading the shares. Citi raised Coinbase to buy from neutral and increased its price target to…

In a tweet, COTI announced that they have been selected to participate in the Central Bank of Israel Digital Currency (CBDC) project. This project, which involves 13 well-known companies such as Qedit, Paypal, 0xPay and Fireblocks, represents a big step forward for COTI’s privacy-focused infrastructure. COTI’s participation in this project highlights the importance of privacy and security in CBDC development. As the only blockchain network selected for this project, COTI puts its expertise at the forefront, focusing on architectural considerations and advanced features. Privacy-focused Layer 2 (L2) blockchain uses advanced technologies such as garbled circuits to provide users with an…

Ripple CEO expressed confidence in resolving the prolonged legal battle with the U.S. Securities and Exchange Commission (SEC) soon after a meeting next week. According to Bloomberg, Brad Garlinghouse, the Ripple CEO, hinted that a settlement might soon be reached, particularly after a closed-door meeting with the SEC next week. According to Bloomberg, Ripple CEO Brad Garlinghouse expects the company to soon resolve its years-long lawsuit with the U.S. SEC. It is speculated that XRP will announce a settlement after a closed-door meeting with the U.S. SEC next week. https://t.co/lnyfZSIvqL — Wu Blockchain (@WuBlockchain) July 21, 2024 Although the CEO…

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has unveiled two new initiatives aimed at enhancing liquidity and facilitating large-scale transactions in the crypto market. On Wednesday, the platform introduced both a liquidity matching program for spot markets and zero commissions for block trading. The company announced the launch of its Spot Liquidity Pairing Program, designed to connect market makers with projects seeking improved liquidity, a persistent issue in the cryptocurrency. As part of this program, Bybit will highlight “Premium” liquidity providers on its recommendation list to projects. For July, seven market makers have been recognized in this category,…